Crypto Rally Boosts ADA, DOGE, and SOL Amid U.S. Election Aftermath
Following Donald Trump’s recent election win, cryptocurrencies Cardano (ADA), Dogecoin (DOGE), and Solana (SOL) saw notable price increases. Market excitement stems from expectations of more favorable regulations, with figures like Cardano founder Charles Hoskinson planning policy discussions in Washington, D.C. ADA, DOGE, and SOL surged in response to optimism around regulatory changes and Federal Reserve rate cuts. (BitPinas)
Pennsylvania Bill Proposes Bitcoin and Crypto ETF Investments as Inflation Hedge
Pennsylvania legislators have introduced a bill that would allow the state to icnvest in Bitcoin and cryptocurrency ETFs as a hedge against inflation. The proposal reflects a growing interest in digital assets as a means to diversify traditional investment portfolios in the face of rising inflation. If passed, this initiative would position Pennsylvania as a leader in state-level crypto adoption in the U.S., paving the way for other states to consider similar moves. This step aligns with broader trends of incorporating crypto investments into public sector funds. (TheBlock)
Franklin Templeton’s $410M Money Market Fund Expands to Ethereum Blockchain
Franklin Templeton has expanded its OnChain U.S. Government Money Market Fund, valued at $410 million, to the Ethereum blockchain. Initially launched in 2021 on Stellar, the fund is now accessible on multiple blockchains, including Base, Aptos, and Avalanche. Ethereum leads as the preferred blockchain for tokenized assets, with $1.6 billion in market cap, driven by its decentralization and credibility. This move highlights Ethereum’s strength in tokenized finance, positioning it as a top choice for asset issuers. (Coindesk)
Ethereum’s Evolving Role: Beyond Digital Asset to "Money" in Web3
Ethereum Foundation researcher Mike Neuder argues that Ether (ETH) is evolving beyond its role as a digital asset to one of decentralized money with secure, property-like attributes. Ethereum’s proof-of-stake model and burn mechanisms have made it a deflationary asset, increasingly likened to “sound money” similar to Bitcoin. With Ethereum’s layer-2 scaling and rollups preserving property rights, Neuder contends that Ether provides self-sovereignty in Web3 transactions. Ethereum’s ongoing development, however, raises questions about maintaining long-term stability and neutrality. (Blockworks)
Solana and Base: Climbing Blockchain Rankings
Solana has recently surged in the blockchain rankings, overtaking Base to secure a top position among Layer-1 blockchains. This shift in rankings is due in part to Solana’s rapid technological advancements, including significant upgrades like Firedancer, a high-performance validator client that promises to boost transaction throughput. The network's appeal is further bolstered by its expanding institutional involvement, with major players such as Franklin Templeton and Société Générale integrating tokenized products and stablecoins. As Solana strengthens its technical and financial ecosystem, it remains a dominant force in blockchain innovation. (BeinCrypto)
Tokenized Real Estate Could Help Gen Z Enter the Housing Market
As high housing costs keep Gen Z out of homeownership, fractionalized real estate tokens offer an alternative by allowing partial investment in property. These tokens, facilitated by blockchain technology, provide young investors a stake in real estate, potentially sharing in property value appreciation and rental income. Although challenges remain, such as legal complexities, tokenization could democratize real estate ownership. As interest in fractional ownership rises, blockchain may enable accessible, liquid markets for younger generations. (Cointelegraph)
Telegram’s Major Game Set for Token Launch Amid Airdrop Push
Telegram's blockchain-based game "Major" has announced its token launch date as it prepares to distribute airdrops to users. The game’s token is expected to play a significant role in its ecosystem, where players can earn and trade digital assets. Telegram’s integration of blockchain and gaming has sparked increased interest, positioning the project to expand its user base significantly. The upcoming launch signals a broader trend of incorporating cryptocurrency within social platforms. (Decrypt)
