Weekly Crypto Digest: Key Highlights in the World of Blockchain and Cryptocurrency.
This week, the crypto landscape saw several major developments, from institutional investments to bold innovations and surprising announcements. Intesa Sanpaolo, Italy’s largest bank, made waves by acquiring 11 Bitcoins for over $1 million, signaling growing institutional confidence in digital assets. Meanwhile, Tron founder Justin Sun introduced USDD 2.0, an upgraded algorithmic stablecoin promising a lucrative 20% annual percentage yield (APY).On the political front, Donald Trump hinted at considering XRP, Solana, and USDC for strategic reserves and even launched his own memecoin, adding an unexpected twist to the crypto narrative. Ethereum developers, on the other hand, are gearing up for the Pectra mainnet upgrade set for March, aiming to enhance the blockchain’s scalability and security. Stay tuned as we dive deeper into these stories and their implications.
Review of the past week:
| January 14, 2025 |
Intesa Sanpaolo, Italy’s largest bank, purchases 11 Bitcoins for over $1M. The financial institution becomes the first bank in Italy to gain direct exposure to digital assets. Read more |
| January 16, 2025 | Tron founder Justin Sun recently announced the launch of USDD 2.0, an updated version of the algorithmic stablecoin, offering a 20% annual percentage yield (APY).
Sun addressed inquiries about the yield’s source, stating that it is entirely subsidized by the Tron DAO. Read more |
| January 16, 2025 |
Donald Trump open to considering XRP, Solana, and USDC for strategic reserves. Ripple executives, including CEO Brad Garlinghouse, have reportedly met with Trump at to discuss the idea. Read more
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| January 17, 2025 |
Ethereum developers aim for Pectra mainnet upgrade in March. If the forks on the testnets go as planned, the mainnet rollout is expected to follow the next month. Read more |
| January 18, 2025 |
Trump launched his own memecoin. Trump became the first President-elect to launch a memecoin right before an inauguration, with the token rising faster than any other in history. Read more |
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FYBIT team
