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:
President-elect Donald Trump’s proposed Crypto Advisory Council is set to establish a Strategic Bitcoin Reserve, in line with his earlier campaign promises. The council will guide US crypto policy, collaborate with Congress on legislation, and potentially operate under the White House’s National Economic Council. Leading US crypto companies are vying for representation on the council. The initiative follows growing support for a Bitcoin reserve, with states like Texas and Pennsylvania considering similar moves. While the council's formation has garnered enthusiasm, critics warn of potential conflicts of interest, urging caution in balancing industry influence with public oversight. CryptoSlate
Gary Gensler announced his resignation as SEC Chair, effective January 20, 2025. Gensler, who faced criticism from the crypto community for his regulatory actions, including lawsuits against major platforms, will be succeeded by a new nominee from President-elect Donald Trump. While potential candidates such as Summer Mersinger and Brian Brooks are speculated, the new appointee must undergo confirmation hearings in the US Senate. The Senate may scrutinize the nominee's approach to crypto regulation, which could impact their confirmation. Even with a crypto-friendly appointment, ongoing lawsuits are unlikely to be dismissed immediately, as they may require settlement rather than outright dismissal. Cointelegraph
The Graph, a decentralized indexing protocol, has introduced the GRC-20 standard to enhance data structuring for Web3 applications. Building on the concept of knowledge graphs, GRC-20 aims to link and label information to create a unified framework for decentralized data. It replaces the outdated Resource Description Framework (RDF) to provide a more efficient approach for Web3. The standard introduces "Spaces," "Entities," "Relations," and "Types" to organize data and will be supported by new developer tools. The proposal, outlined in a Graph Improvement Proposal by developer Yaniv Tal, is open for community feedback. Cointelegraph
Injective has introduced iAgent, a new SDK enabling users to create custom on-chain AI agents powered by large language models like OpenAI's ChatGPT. Announced at the Injective Summit 2024, iAgent allows users to automate tasks such as trading, payments, and fund management using natural language commands. The tool supports multiple independently configurable agents tailored to specific needs. This launch aligns with Injective's broader push into market innovations, including tokenized assets and partnerships like Mountain Protocol's US Treasury bill integration. crypto.news
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This week’s blog, A Guide to Understanding Crypto Mining, unpacks the fundamentals of how cryptocurrencies like Bitcoin are mined, why this process is vital for securing decentralized networks, and how it has evolved over time. Whether you're curious about the technology or the role mining plays in the crypto ecosystem, this guide provides valuable insights. To learn more click here.
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