Weekly Crypto News Roundup: XRP Surges, MicroStrategy's Bitcoin Strategy, and Legal Developments in Crypto
By: Eva Baxter
- Court Ruling Changes Legal Landscape for DAOs: The US District Court has ruled that DAOs are liable under partnership laws, impacting decentralized organization members like those in Lido DAO.
- XRP Achieves New Heights: XRP breaks past $1 as open interest peaks, driven by factors such as political events.
- MicroStrategy's Bitcoin Buying Spree: The company increases its Bitcoin holdings significantly post-election, maintaining its aggressive investment strategy in digital assets.
- Trump Media Eyes Crypto Market: TMTG plans to acquire Bakkt, aiming to expand its cryptocurrency presence.
- Michael Saylor to Advocate Bitcoin for Microsoft: MicroStrategy's CEO is set to present Bitcoin as a treasury asset strategy to Microsoft, highlighting its market potential.
- Bitcoin's Stratospheric Rise: Bitcoin hits a new peak nearing $98,000, powered by market optimism and derivative market activity.
- Ethereum Gathers Momentum: Ethereum sees increased institutional interest, ETF investment, and network usage, painting a positive outlook.
