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Luc Jose A.Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battlefield of regulatory and economic conflicts. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.El Salvador Strengthens Its Crypto Treasury with 6,000 BTCEl Salvador, under the leadership of President Nayib Bukele, has reached a symbolic milestone by accumulating 6,000.77 BTC in its national reserve, valued at approximately 569.3 million dollars. Since 2021, the year Bitcoin became legal tender in the country, the government has been pursuing a strategy of gradual purchases at an average cost of 45,450 dollars per unit. This policy, supported by the National Bitcoin Office, currently generates an impressive yield of 108%. However, it has attracted international criticism, particularly from the IMF, which warns about the risks of such exposure. Despite these warnings, El Salvador aims to become a key player in the global crypto sphere, multiplying strategic partnerships to strengthen its crypto infrastructure and attract foreign investors. However, questions remain about the long-term viability of this strategy due to tensions with international financial institutions and challenges related to local adoption.🔗 Read the full article hereSolana Dominates Ethereum on DEX for the Third Consecutive MonthIn December 2024, Solana reinforced its dominance over decentralized exchanges (DEX) with a transaction volume reaching 97 billion dollars, once again surpassing Ethereum and its 74 billion dollars. This performance marks the third consecutive month where Solana outperforms Ethereum, supported by the rise of memecoins like Bonk, Dogwifhat, and Popcat, which total over 14.1 billion dollars in capitalization. Solana has benefited from the popularity of Pump.fun, a token generator, and its reduced transaction fees, thereby attracting a massive influx of projects and capital. In November, Solana applications generated a record revenue of 365 million dollars, highlighting the robustness of its ecosystem. With such momentum, Solana is emerging as a potential leader against Ethereum in the DEX sector.🔗 Read the full article hereRunes on Bitcoin Plunge to Historic LowsTransactions of Runes on the Bitcoin network have dropped to a historically low level, now representing only 1.67% of daily transactions. This decline marks a sharp contrast to the period from April to November 2024, where they frequently exceeded 50%. The fees associated with Runes transactions have also remained below 250,000 dollars per day, evidencing minimal activity. Several factors explain this trend: the volatility of Bitcoin’s price, which diverts investors towards less risky assets, and the growing interest in sectors like Ethereum NFTs
