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The Trump family-backed crypto project, World Liberty Financial, continued its token buyback strategy, aiming to create more demand for the token, which has declined almost 50% since its launch.The platform acquired $7.7 million worth of World Liberty Financial (WLFI) tokens on Wednesday at an average price of $0.16 per token, according to blockchain data platform Lookonchain.The nearly $8 million buy is significantly larger than its $1.06 million WLFI token buyback on Sept. 27, which saw $1.43 million worth of tokens burned, Cointelegraph reported at the time. Earlier in September, the platform also passed a governance vote to use 100% of…

Ethereum co-founder Vitalik Buterin has disclosed a donation of approximately $760,000 in Ether to two crypto messaging apps that he views as pushing the boundaries of digital privacy. Encrypted messaging apps, like Signal, are “important for preserving our digital privacy,” Buterin said in an X post on Wednesday, adding the next steps for the space should be permissionless account creation and metadata privacy.Decentralized messaging apps Session and SimpleX Chat are “pushing these directions forward,” Buterin said, adding that he “donated 128 ETH to each” and encouraged users to try them. Session has been designed to remove the usual identifiers and metadata that…

The Nasdaq International Securities Exchange has filed a proposal with the US Securities and Exchange Commission (SEC) to increase the position limits for options on BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund to 1 million.  Position limits exist to prevent any one investor from controlling too many option contracts on the same stock, thereby reducing the risk of manipulative schemes that could affect prices, according to the notice and copy of the filing from the SEC on Wednesday.   The Nasdaq has requested in its filing, which it sent on Nov. 13, to increase the BlackRock ETF limit from 250,000 contracts to 1…

The United Kingdom’s Financial Conduct Authority (FCA) approved regulatory technology (RegTech) company Eunice to run experiments in its sandbox, which offers one of the clearest indications yet of how the country intends to build its forthcoming crypto rulebook.On Wednesday, the FCA announced that Eunice will test a set of standardized crypto disclosure templates with major exchanges, including Coinbase, Crypto.com and Kraken. The company will test whether the templates improve transparency when used in real-world settings. The FCA also highlighted that its regulatory sandbox is still accepting applications from companies looking to test their ideas. “We encourage any firm to apply who…

Tokenized money market funds are emerging as one of the most important yield-bearing assets on public blockchains, offering money-market returns and securities-level protections that stablecoins can’t provide, according to a new report from the Bank for International Settlements (BIS).According to the bulletin, tokenized money market funds now hold nearly $9 billion in assets, up from about $770 million at the end of 2023. The BIS warned that as these tokenized Treasury portfolios become a key source of collateral in the crypto ecosystem, they also bring new operational and liquidity risks.Tokenized money market funds are blockchain-based representations of traditional money market…

The government of Bolivia will integrate cryptocurrencies and stablecoins into the financial system in a push to modernize the country’s economy, Bolivia’s economic minister, Jose Gabriel Espinoza, announced on Tuesday.Banks will be allowed to custody crypto on behalf of clients, enabling digital currencies to function as a legal tender for savings accounts, credit products, and loans, according to Reuters.“You can’t control crypto globally, so you have to recognize it and use it to your advantage,” Espinoza said. The growth rate of crypto adoption by geographic region in 2024 and 2025. Source: ChainalysisBolivia, like other countries in Latin America, suffers from…

Polygon co-founder Sandeep Nailwal spurred public discussion about the project’s token branding, asking the community if the network should consider reverting its ticker from POL to MATIC. On Wednesday, Nailwal said that while he personally thinks that they should stick to POL, he continues to hear feedback that the original MATIC ticker had stronger recognition, especially among retail users who are now confused about the asset’s whereabouts. “The counter-argument I keep getting is: the guy in the Philippines running a sari-sari store, or an Uber driver in Dubai, knew MATIC… and now he has no idea where it went,” he wrote. Because of…

Ethereum price failed to bounce back above $3,000 today as investor demand for staking the token continues to weaken. Can Ethereum bulls manage to regain momentum and push past this crucial level? Summary Ethereum price is down 30% over the past month. The amount of staked ETH has significantly dropped over the past months. A death cross pattern is looming on the daily chart. Crypto.news data shows Ethereum (ETH) rose to an intraday high of $2,973 on Nov. 26. However, it failed to breach the key psychological resistance at $3,000, settling at $2,938 at press time. At this level, the…

Santiago Roel Santos, founder and CEO of crypto investment company Inversion Capital, said cryptocurrencies are not subject to positive network effects, but other experts disagree.In a recent Substack post, Santos wrote that “crypto is priced for network effects it doesn’t have.” He also pointed to the network effect valuation system, Metcalfe’s Law, saying that it “doesn’t justify crypto’s valuation” and instead “exposes it.”Santos claimed that many of crypto’s network effects are adverse, due to congestion, such as higher fees, a worse user experience, and slower transactions. “Facebook didn’t get worse when it added 10 million users,“ he said.Other experts push…

Ethereum price failed to bounce back above $3,000 today as investor demand for staking the token continues to weaken. Can Ethereum bulls manage to regain momentum and push past this crucial level? Summary Ethereum price is down 30% over the past month. The amount of staked ETH has significantly dropped over the past months. A death cross pattern is looming on the daily chart. According to data from crypto.news, Ethereum (ETH) rose to an intraday high of $2,973 on Nov. 26 but failed to breach the key psychological resistance at $3,000, settling at $2,938 at press time. At this level,…