The crypto market maintained strong dynamics this week in all related sectors.
The crypto world continues its strong push and in the last week of 2023 it did not disappoint its followers and investors. In this work, the most important news that maintained the expectations of the community is reviewed.
Much of the drama in the crypto world is tied to the Bitcoin spot ETF. In the first days of January, the decision of the United States Securities and Exchange Commission (SEC) regarding this issue will be known.
However, not all news and facts are limited to this important event. Other points can be considered of great relevance. This last week of 2023 was not at all disappointing for the crypto world, in which highly important news emerged.
Former Ethereum Advisor Calls Vitalik Buterin a Web3 Scammer
Steven Nerayoff, a former Ethereum advisor, accused the co-founder of that project, Vitalik Buterin, of scamming the world with Web3. The expert’s comments come as a response to a statement by Buterin. In it, the businessman states that the vision of Web3 is lost.
In response, the former advisor said that Buterin took advantage of the infancy of this new form of network to defraud the world. This is not the only accusation from Nerayoff, who also questions the reasons for the sympathy between Ethereum and the US SEC.
In his comment on the social network X, the former Ethereum advisor affirms that Buterin’s excesses are protected by dictators. This joins the accusations linked to the so-called ETHGate. This means that this layer 1 enjoys special favors from US regulators.
BlackRock Reveals New Details of Its Spot ETF Application
The most popular company in EFT applications, BlackRock, offered some updates on its current expansion. This one comes with a surprise, as it includes cryptocurrency haters JPMorgan Chase.
The updates to the application would have definitely left the doors open for a spot ETF of this currency in the United States. The latter is what Bloomberg Intelligence maintains. As already mentioned, the most curious were the authorized participants planned in case of approval, JPMorgan and Jane Street.
Authorized participants (APs) are those who have permission to create and redeem shares of those ETFs. In that sense, they can exchange shares of the ETF for a corresponding group of securities that reflect the assets of the ETF or exchange them for cash.
Now It’s Avalanche Meme Coins’ Turn
The meme coin fever is far from over in the crypto world. Almost parallel to the deflation of one of these tokens, fever arises in another. For instance, BONK reached a peak of $0.000032 and is now struggling to stay at $0.000014.
While this is happening, now it is the turn of the meme coins of the Avalanche network. Thus, in any network that a token with the image of a dog is minted, large numbers of investors will arrive at any time.
According to an official statement from the Avalanche Foundation, meme coins represent “the collective spirit and shared interests of diverse crypto communities.”
XRP Beats ADA and SOL in Liquidity Rankings
XRP comfortably surpassed its Solana and Cardano peers in the liquidity ranking. Likewise, BTC and ETH dominated this ranking, according to the Kaiko site.
In a slightly broader picture, in the third quarter XRP and BTC were at the forefront. However, in annual terms ETH surpassed the Ripple currency, which surpassed ADA and SOL in the last stretch of the year.
By Leonardo Perez
