Today, significant developments unfolded in the cryptocurrency landscape. Ethereum co-founder Vitalik Buterin announced upcoming leadership changes
Key developments rocked the cryptocurrency world on Monday.
Ethereum co-founder Vitalik Buterin announced upcoming leadership changes at the Ethereum Foundation, aiming to enhance technical expertise and improve communication within the Ethereum ecosystem. These changes come after a challenging year for the organization with lawsuits and internal disputes. Buterin emphasized the foundation’s focus on decentralization and neutrality, while avoiding political lobbying.
In other news, the launch of the Official Trump memecoin, based on the Solana blockchain, ignited a trading frenzy. Announced shortly before Donald Trump’s inauguration as the 47th president of the United States, this memecoin reached a market cap of nearly $9 billion within hours. Traders quickly benefited from the memecoin’s surge, with some turning million-dollar investments into tens of millions.
Wyoming took steps towards embracing cryptocurrency by proposing a bill to establish a Strategic Bitcoin Reserve. Championed by Wyoming Senator Cynthia Lummis, the bill allows the state to invest a portion of its funds in Bitcoin, promoting diversification into this digital asset. If passed, it would limit each fund’s Bitcoin investment to a maximum of 3%.
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