CryptoSlate

• Cardano Foundation clarifies role and priorities amid ongoing ecosystem governance disputes
  The Cardano Foundation has addressed the mounting concerns and criticism over its role within the blockchain network’s ecosystem. Over the past weeks, the Foundation has faced increased criticism for alleged internal conflicts and claims of sidelining key contributors, including Cardano’s founder, Charles Hoskinson. Concerns also emerged regarding its role in Catalyst Fund 13, where it […]
• Bitcoin mining complexity surges as miners’ reserves slip 4.74% YoY
  Bitcoin’s mining ecosystem has reached unprecedented levels in terms of difficulty as hashrate reached new highs along with the price. On Dec. 16, mining difficulty surged by 4.43% to an all-time high of 108.52 trillion at block height 874,944. This marks the sixth consecutive upward increase in mining difficulty and the 26th adjustment this year. […]
• AVIV ratio spikes as Bitcoin reaches new ATH
  Bitcoin reaching an all-time high of $107,000 reflects the strong bullish sentiment in the market in the past two months. To understand what caused the persistent upward momentum this year, we can turn to the true market mean price (TMMP) and AVIV ratio. These on-chain indicators clarify investor behavior and provide insight into cost-basis trends. […]
• Ethena Labs launches stablecoin backed by BlackRock’s tokenized fund shares
  Ethena Labs announced the launch of its USDtb stablecoin, which will leverage  BlackRock’s tokenized fund, USD Institutional Digital Liquidity Fund (BUIDL), for 90% of its backing. According to the Dec. 16 announcement, the partnership was facilitated by Securitize. USDtb will operate independently from Ethena’s existing algorithmic stablecoin, USDe, providing users and exchange partners with a […]
• Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat
  Bitcoin (BTC) could hit a peak of $290,000 in early 2026 if it repeats the price action seen during the 2017 bull run, according to the latest edition of the “Bitfinex Alpha” report. The projection is based on historical price patterns during bull cycles, institutional adoption, and key technical indicators. Following its bear market low […]
• Stanford Blockchain Club slams DOJ’s use of archaic laws in Tornado Cash case
  The Stanford Blockchain Club has issued a scathing critique of the US Department of Justice’s (DOJ) prosecution of Tornado Cash developers Roman Storm and Roman Semenov, calling it an overreach of outdated federal money transmission laws. In its report, titled “Tornado Cash and the Boundaries of Money Transmission,” the club challenged the DOJ’s use of […]
• FTX to begin initial distributions by March with Kraken and BitGo as partners
  FTX and its affiliated debtors announced on Dec. 16 that their reorganization plan will take effect on Jan. 3, 2025, and distributions will commence within 60 days. FTX has partnered with BitGo and Kraken to manage the distribution process for retail and institutional creditors. According to the claim portal, these service providers will ensure distributions […]
• Aave mulls Polygon exit over risky stablecoin proposal
  The Aave community is evaluating a proposal to withdraw the lending protocol from Polygon’s Proof-of-Stake (PoS) chain. In the Dec. 16 proposal,  Marc Zeller, founder of Aave Chan, highlighted potential risks tied to Polygon’s plans to rehypothecate its stablecoin reserves while suggesting Aave should adjust risk parameters for its V2 and V3 deployments on the […]
• Anchorage Digital secures NYDFS license to offer institutional crypto solutions
  Anchorage Digital has received a BitLicense from the New York State Department of Financial Services (NYDFS), enabling the firm to operate in one of the most heavily regulated crypto markets in the US. The license, granted on Dec. 16, permits Anchorage Digital to provide institutional clients with access to a secure trading environment, offering deep […]
• Ripple to begin global rollout of RLUSD stablecoin on Dec. 17
  Ripple will launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on Dec. 17 on the XRP Ledger and Ethereum. According to the Dec. 16 announcement, each RLUSD token will be fully backed by US dollar deposits, government bonds, and cash equivalents. The stablecoin will initially be available on Uphold, Bitso, MoonPay, Archax, and CoinMENA. In […]