In today's crypto news, Bitcoin-based decentralized finance (DeFi) applications experienced a remarkable year in 2024, with a total value locked (TVL) increase of over 2,000%, reaching $6.5 billion by the end of December. This growth was largely attributed to advancements in Bitcoin staking and the launch of the Babylon platform. Additionally, US President-elect Donald Trump is expected to issue an executive order prioritizing crypto regulations, aimed at guiding regulatory agencies to collaborate more closely with the digital asset industry. The anticipated order could also create a crypto council to further advocate for the sector, with speculation about its signing on Trump's first day back in office on January 20. Meanwhile, XRP is experiencing significant momentum, with its price discovery reaching heights not seen since 2017, and its open interest in futures markets has surged by 300%, signaling a robust revival in trading activity for the altcoin.

Source 🔗