Transaction URL: https://etherscan.io/tx/0xac998b7bd3cc5b9eb3dba53f0705aa33651a9eaf62fc5d47764c7a41e23a1df5
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Over the weekend, the anonymous founder of Jupiter used a racial slur multiple times in an X post — and the Solana DeFi giant’s competitors perceived an opportunity.
The post came in response to another anonymous account asking whether a memecoin containing the slur could be verified on Jupiter. Meow, Jupiter’s founder, left the post up for roughly a day, arguing that he didn’t have malicious intent when making the post. He also reposted an “n-word pass” and wrote that he “didn’t know that there is such a big difference between r & a” in reference to the slur.
Some…
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The transatlantic trade-dependent Euro Area is prepping for Donald Trump’s second term and the return of higher tariffs.
US tariffs may lower Euro Area GDP by 0.4%, the Institute of International Finance (IIF) estimated in a Monday note. With many European countries yet to fully recover from the pandemic and increased competition from China, renewed tariffs could lead to a “substantial economic hit,” the report adds.
Among the countries most likely to be impacted are Germany, France and Italy. Machinery and industrial goods exports from Italy and Germany are expected to be…
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November was an eventful month for crypto, as you know — jumpstarted by Donald Trump’s election win.
Bitcoin rose 37.3% last month, CoinGlass data shows. That was the asset’s best performance in November (the month with the highest average BTC returns, at 46%) since 2020, when bitcoin gained 43%.
Looking ahead, December is not historically as good a month for BTC (+4.9% returns on average). Bitcoin price did rise by 47% in December 2020 (also after a presidential election); but from 2021 to 2023, the asset’s returns were -18.9%, -3.6% and +12.2%, respectively.
Bitcoin…
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XRP’s stunning 380% rally in the past month has catapulted it into the crypto spotlight. It has not only flipped solana (SOL) in market capitalization, but also Tether (USDT) today. With a market cap already at all-time highs, and now a fully diluted valuation (FDV) twice that of SOL, XRP’s ascent reflects a mix of regulatory clarity, network adoption and speculative fervor.
Political winds and market sentiment
The conclusion of Ripple Labs’ protracted legal battle with the US SEC is one driver of XRP’s explosive growth. After years of uncertainty, the $125 million penalty imposed…
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We can’t live in a world where somebody starts a company that’s a completely legal thing, and then they literally [] get sanctioned [] and embargoed by the United States government through a completely unaccountable [process] by the way. No due process. None of this is written down. There’s no rules. There’s no court, there’s no decision process. There’s no appeal. Who do you appeal to, right? [] Who do you go to to get your bank account back?
— Marc Andreessen, speaking to Joe Rogan, published on 11/26/2024
In yet another troubling manifestation of “Chokepoint 2.0,” a Wyoming company was summarily debanked in early November, 2024, by Mercury, a banking platform operated with Evolve…
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We’re three weeks out from Christmas.
As David pointed out in today’s Empire newsletter, we’re in an interesting spot, which leads WisdomTree’s Jason Guthrie to wonder if there’s enough momentum to last till the end of the year.
I personally don’t have a crystal ball, so that’s a little hard to work out as it stands. If you were on an early Thanksgiving break last week, then you may have missed the price levels to watch with bitcoin, but that’s about as far as we can go in trying to predict what’s next.
So instead, what about how we’re looking at this moment?
“The…
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