Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Happy Monday, Ndaxers— Here’s what happened last week:
MicroStrategy has secured a spot in the Nasdaq 100 Index, making it the first Bitcoin-focused company to join this prestigious list. With a market cap of around $92 billion, the company now ranks as the 40th-largest in the index and will be included in major exchange-traded funds (ETFs) like Invesco's QQQ Trust, which manages over $300 billion in assets. This inclusion significantly increases exposure to Bitcoin, as MicroStrategy holds approximately $42 billion in the cryptocurrency. While this move boosts the company's visibility, there is some uncertainty regarding its long-term position due to potential reclassification as a financial firm. CoinDesk
Sui has joined forces with Ant Digital Technologies to expand its efforts in tokenizing real-world assets, particularly those aligned with environmental, social, and governance (ESG) principles. This initiative aims to make sustainable investment opportunities more accessible to global markets while fostering innovation. The partnership also highlights Sui's growing influence in decentralized finance, gaming, and infrastructure projects, with a total value locked (TVL) of $2.3 billion across various protocols. cryptonews
Microsoft shareholders voted against a proposal by the National Center for Public Policy Research (NCPPR) to allocate a portion of the company’s profits to Bitcoin investments, citing the cryptocurrency’s volatility and the board’s confidence in existing treasury management practices. The proposal argued that Bitcoin adoption could diversify profits and drive long-term value, referencing examples like MicroStrategy and BlackRock’s involvement with Bitcoin. However, Microsoft’s board deemed the proposal unnecessary, emphasizing the need for stable investments to ensure liquidity and operational funding. The resolution failed to gain support. Cointelegraph
Solana has become the fastest growing blockchain for new crypto developers, achieving an 83% annual growth rate, according to a report from Electric Capital. In 2024, 7,625 developers used Solana as their first blockchain, surpassing Ethereum's 6,456 and marking the first time since 2016 that another ecosystem onboarded more developers than Ethereum. While Ethereum remains the dominant blockchain globally with the highest number of monthly active developers, Solana has gained traction, particularly in Asia, where it has nearly rivaled Ethereum's adoption. Additionally, Solana leads in NFT mint transactions and decentralized exchange (DEX) activity, with the highest number of unique trading wallets recorded. cryptonews
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Disclaimer: This article is not intended to provide investment, legal, accounting, tax or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.