Michael Novogratz’s Galaxy Appoints Former Point72 Exec as CFO The firm’s current chief financial officer, Alex Ioffe, will transition into a senior advisor role.

CoinDesk 20 Performance Update: RENDER Falls 2.6% as Index Trades Lower From Thursday Solana joined Render as an underperformer, dipping 2.1%.

Larger Cohorts Than U.S. ETFs or MicroStrategy Are Dictating Bitcoin Price: Van Straten Since September, MicroStrategy and U.S.-listed spot ETFs have accumulated approximately 200,000 bitcoin each.

Crypto Daybook Americas: Bull Momentum Stalls Ahead of Fed Rate Cut Your day-ahead look for Dec. 13, 2024

Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: JPMorgan The strategic shift to a bitcoin accumulation model is due to pressure on profitability following the reward halving, the report said.

Polygon DAO Weighs $1.3B Stablecoin Deployment to Generate $70M Annual Yield The plan uses Morpho Labs’ vaults to manage USDC and USDT, targeting a conservative 7% annual return using various strategies.

Societe Generale Conducts Blockchain-Based Repo Transaction With French Central Bank SocGen is claiming bragging rights as the first to conduct an on-chain repo transaction with a European central bank.

Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B The record trading activity on HyperLiquid’s perpetuals market is characrterized by users recently leaning more toward ether than bitcoin.

LINK Surges to 2021 Levels as Trump’s World Liberty Buys More Chainlink Tokens LINK neared $30 in Asian morning hours Friday, data shows, with open interest (OI) on the token’s futures zooming to record highs above $860 million.

Bitcoin Grapples with $100K as Rally on Trump’s Crypto-Positive Comment Fizzles Altcoins as a group outperformed bitcoin, with AVAX and LINK leading sector gains.

Haliey Welch’s $HAWK Shows Why We Need Better Standards for Memecoins The saga of Hawk Tuah’s memecoin testifies to the need for governance and transparency in Web3, Azeem Khan says. It’s up to the industry to provide it.

Solana Was the Biggest Draw for New Crypto Developers in 2024: Electric Capital Ethereum remained the blockchain with the most devs, and the overall population of software builders in crypto was flat, the VC firm said in its annual survey.

French Hill to Lead Powerful Congressional Panel Next Term: Report Hill, who chaired the House Financial Services Committee’s digital assets subcommittee, has long been a crypto advocate on the Hill.

Memecoins Are Not Easy Money They take money, talent and teamwork. Here’s how to make one a success.

Avalanche Raises $250M Amid Major Overhaul of Layer-1 Blockchain The sale follows shortly after the Avalanche9000 upgrade went live in a testnet environment.

Ranger Finance Targets Crypto Perps Traders of ‘Size’ on Solana Solana’s first crypto perpetuals aggregators service wants to compete with market leader Hyperliquid.

Michael Sonnenshein, Ex-Grayscale CEO, Joins Tokenization Firm Securitize as COO Sonnenshein left asset management firm Grayscale, issuer of spot bitcoin and ether ETFs, earlier this year.

Activist Investor Starboard Has Built Stake in Bitcoin Miner Riot: WSJ Starboard is reportedly pushing the miner to convert some of its mining sites into data centers.

Did Crypto Cash Break the U.S. Elections? Years ago, a Supreme Court decision opened the door for more corporate money in politics, and a trio of crypto companies has blasted that door off its hinges.

CoinDesk Performance Update: LINK Gains 15.9%, Leading Index Higher from Wednesday Uniswap joined Chainlink as a top performer, rising 8.6%.