⇑ Status Coin Unveils Innovative Layer 2 Feature as Cryptos Show Major Market Movements

The Bitcoin rally, reaching within 1% of its all-time high, is combined with it now being viewed as a safe-haven during shutdowns. Strong moves are expected from Stablecoin startup RedotPay, as it becomes a unicorn with a $47M raise for regulatory push. Plume Network has been given an SEC transfer agent status, intending to bring traditional finance onchain. Bitcoin's special status highlighted by Trump's crypto strategy and its potential to threaten the dollar's reserve currency status. Concerns arise as a trade war might put Bitcoin’s safe-haven asset status into doubt. South Korea provides a significant path for crypto firms by changing their regulatory framework and granting them venture status.

Ripple's XRP legal status gets confirmed post-judge blocks joint SEC settlement motion. Coinbase base network reaches stage 1 status, reducing centralization risk. Vitalik Buterin is once again an 'onchain billionaire' as Ether crosses the $4.2K mark. Several movements are happening for legacy cryptocurrencies, with Litecoin targeting massive gain after $123 breakout on institutional backing and commodity status, while Bitcoin gains special reserve status. Crypto firms in South Korea gain venture status, changing the outlook for crypto businesses in the country.

Looking at tokens, the LIBRA mastermind admits to being a memecoin in fraud trial. South Korea looks to gain a significant foothold in AI with a BlackRock investment, and the US views stablecoins as key to preserving the dollar’s reserve status. Status Coin unveils a gasless layer 2 feature on Linea, completely doing away with sequencer fees.

Status Coin News Analytics from Fri, 07 Jan 2022 08:00:00 GMT to Mon, 06 Oct 2025 17:32:29 GMT - Rating 8 - Innovation 8 - Rumor 8