Major Crypto Updates: Roger Ver's DOJ Battle, Marathon's BTC Buy, New Stablecoin Approval

🤔 Ver vs DOJ: Plot Twist

By Bridgers
Dec 16, 2024, 7:00 PM
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Three significant developments in the crypto space today:

  • Roger Ver's Legal Battle: Bitcoin advocate Roger Ver is challenging DOJ allegations, stating he's being targeted for his Bitcoin advocacy rather than tax issues.​

  • Marathon Digital's Major Move: MARA has made a substantial $1.​1B Bitcoin purchase while achieving a milestone 50 EH/s hashrate.​

  • New Stablecoin Entry: NYDFS has granted approval for RLUSD stablecoin, introducing new competition to established players USDT and USDC in the stablecoin market.​

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🚀 SoSoValue Launches ValueChain & SoDEX

🚀 SoSoValue Launches ValueChain & SoDEX

**SoSoValue introduces major infrastructure:** - **ValueChain (L1)** and **SoDEX** (decentralized exchange) launched - Claims **100,000 TPS** via multi-validator decentralized matching - Uses **EVM-compatible subchains** for scalable trading - **$SOSO token** serves as utility + governance asset **Strong crypto ETF debuts:** - **BSOL ETF** recorded $57M first-day volume - top ETF launch of 2025 - Canary HBAR ETF: $8.5M | LTC ETF: $1.38M - Shows sustained institutional demand **Truth Social partners with Crypto.com:** - Launching **prediction markets** via Crypto.com - Users earn **Truth Gems** convertible to CRO tokens - Trump Media holds ~700M CRO tokens **Securitize eyes public listing:** - Merging with Cantor Fitzgerald-backed SPAC - **$1.25B valuation**, aiming to raise $469M - Plans to **tokenize its own stock** post-merger - Backed by ARK Invest, BlackRock, Blockchain Capital

🌉 Bridge Hopping Days Over

**Bridgers launches unified cross-chain solution** No more jumping between multiple bridge platforms to move tokens across chains. The new dApp promises **one-tap routing** for cross-chain transactions. **Key features:** - Single interface for all bridge routes - Automated best path selection - User authorization with platform routing The solution aims to simplify the current fragmented bridge landscape where users typically navigate 3+ platforms for token transfers. [Try Bridgers dApp](http://dapp.bridgers.xyz)

SWFT Lending Offers Crypto-Backed Loans Up to 200,000 USDT

SWFT Lending Offers Crypto-Backed Loans Up to 200,000 USDT

SWFT Blockchain has launched a lending service that allows users to borrow against their crypto holdings without selling. **Key Features:** - Borrow up to **200,000 USDT** using BTC or USDT as collateral - **1-second approval** process for instant liquidity - Flexible repayment terms with competitive interest rates - No need to liquidate existing crypto positions The service targets users who need immediate funds but want to maintain their crypto exposure. SWFT's lending platform integrates with their existing cross-chain infrastructure. Users can access the lending feature through the SWFT Blockchain app at [swft.pro](http://swft.pro/#Download).

Tether Surpasses South Korea with $135B in U.S. Treasuries, Ranks 17th Globally

Tether Surpasses South Korea with $135B in U.S. Treasuries, Ranks 17th Globally

**Tether has reached a significant milestone**, now holding **$135 billion in U.S. Treasuries** and surpassing South Korea to become the **17th largest holder of U.S. debt globally**. The stablecoin issuer is rapidly approaching Brazil's position and sits just behind Norway in the rankings. This represents substantial growth from earlier this year when Tether held $127 billion. **Global context:** - Japan remains the top holder with $1.1 trillion - UK and China follow in second and third positions - Tether's position demonstrates the growing influence of crypto companies in traditional financial markets This development comes as Tether continues expanding its operations, with over 500 million USDT users worldwide and plans to launch a new U.S. dollar stablecoin called USAT before year-end.

DBS Bank and Goldman Sachs Complete First Interbank Crypto Options Trade

DBS Bank and Goldman Sachs Complete First Interbank Crypto Options Trade

**Major Banking Milestone** DBS Bank and Goldman Sachs successfully executed their first interbank over-the-counter cryptocurrency options transaction, marking a significant step in institutional crypto adoption. **Key Implications:** - First-of-its-kind trade between major traditional banks - Signals growing institutional acceptance of crypto derivatives - Could accelerate integration between traditional finance and digital assets **Market Impact** This development demonstrates how established financial institutions are expanding their crypto services beyond basic custody and trading to more sophisticated derivative products. The transaction represents a **bridge between traditional banking** and the evolving cryptocurrency ecosystem, potentially paving the way for more institutional participation in crypto markets.

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