Top 5 Crypto News of the Week! (16 - 22 December)
Dear PointPay Family,
The week has come to an end, and it’s time to wrap it up with our Top 5 crypto news highlights! We’ve selected the most exciting, significant, and even amusing updates from the past seven days. Read the article to stay informed about all the latest happenings!
Dogecoin Network Faces Major Disruption
A vulnerability in Dogecoin’s blockchain network led to a severe attack, reducing the active node count by 69%. The incident, which brought the number of functioning nodes down from 647 to 205, highlighted a critical flaw in the network's infrastructure. Recovery efforts are underway, with 331 nodes currently reported as operational worldwide.
MicroStrategy Expands Bitcoin Holdings Before Nasdaq Milestone
MicroStrategy has bolstered its Bitcoin portfolio with a $1.5 billion purchase of 15,350 BTC ahead of its inclusion in the Nasdaq-100 index. This marks the company's sixth consecutive week of acquisitions, bringing its total holdings to over $45 billion—more than 2% of Bitcoin’s supply. The purchase was funded through the sale of nearly 3.9 million shares, with $7.6 billion still available for future investments.
BlackRock Doubles Down on Bitcoin and Ethereum ETFs
BlackRock has reaffirmed its focus on Bitcoin and Ethereum ETFs, setting aside plans to explore altcoin ETFs. President Jay Jacobs emphasized the untapped potential of BTC and ETH, noting that only a small portion of clients currently invest in these assets. By concentrating on Bitcoin and Ethereum, BlackRock aims to deepen its impact in the growing ETF market.
Bitcoin Surges to Historic High of $107,000
Bitcoin’s price has reached a record-breaking $107,298, continuing its upward momentum. The latest rally, fueled by investor optimism, saw the cryptocurrency gain 5% overnight. Analysts attribute the surge to expectations of a pro-crypto stance from U.S. President Donald Trump, with speculation that Bitcoin could become part of the country’s strategic reserves.
Crypto Funds See Record Inflows for 10th Consecutive Week
Crypto investment funds reported $3.2 billion in inflows last week, following a record $3.85 billion the week prior. This brings year-to-date inflows to $44.5 billion, with Bitcoin-based instruments attracting $2 billion. Ethereum funds maintained positive momentum with $1.09 billion, while XRP instruments set a record at $145.8 million, driven by anticipation of an ETF launch.
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