• Tuesday, December 19 - Top Crypto News

  • Dec 19 2023
  • Length: 4 mins
  • Podcast

Tuesday, December 19 - Top Crypto News

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  • Summary

  • The Solana Saga phone experienced a sudden surge in demand due to its associated Bonk memecoin airdrop, leading to inflated resale values on eBay. Meanwhile, FTX's ongoing bankruptcy proceedings have resulted in substantial legal and advisory fees, highlighting the financial complexities of such cases. In the mining sector, Hut 8's new project in Cedarvale, Texas, shows the evolving strategies of firms within the cryptocurrency mining landscape. In the realm of regulation and governance, the European Commission's investigation into X (formerly Twitter) underscores the increasing scrutiny on digital platforms regarding content moderation. Lastly, significant investments by Ripple, Coinbase, and a16z into the Fairshake PAC for the 2024 US elections indicate the growing intersection of cryptocurrency interests with political advocacy.
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