Sean Williams

Jan 18, 2025 | chainaffairs.com | Sean Williams

The Solana (SOL) ecosystem is buzzing with discussions following a proposal to slash the network’s annual inflation rate to 1.5%. The idea, spearheaded by Tushar Jain, Managing Partner at Multicoin Capital, aims to address inefficiencies in the current inflation model. Jain criticized the existing system, arguing it emits “more than necessary” SOL tokens to secure the network, which could be detrimental to long-term value.

Jan 18, 2025 | chainaffairs.com | Sean Williams

Gary Gensler officially concluded his tenure as Chairman of the U.S. Securities and Exchange Commission (SEC) on Friday, marking the end of an era defined by aggressive cryptocurrency regulation. Stuart Alderoty, Chief Legal Officer (CLO) at Ripple, took to social media with a pointed remark, suggesting that Gensler’s relevance in discussions about the SEC would vanish starting Saturday. Today marks Gensler’s last full day.

Jan 18, 2025 | chainaffairs.com | Sean Williams

The cryptocurrency industry witnessed a flurry of exchange-traded fund (ETF) filings at the U.S. Securities and Exchange Commission (SEC) just days before Chair Gary Gensler stepped down on January 20. This rush underscores growing optimism for regulatory shifts under the incoming Trump administration, which is anticipated to adopt a more crypto-friendly stance. On January 17, ProShares, renowned for launching the first Bitcoin-linked ETF, applied for a Solana Futures ETF.

Jan 18, 2025 | chainaffairs.com | Sean Williams

Shiba Inu (SHIB) continues to captivate traders as it maneuvers within a well-defined ascending channel. This pattern, signaling bullish sentiment, holds strong as long as SHIB respects its lower trendline. However, recent price movements and ecosystem developments warrant close attention to assess its future trajectory. Currently, SHIB is trading near the $0.00002181–$0.00002238 range, coinciding with the critical 0.618 Fibonacci retracement level.

Jan 17, 2025 | chainaffairs.com | Sean Williams

In the ongoing saga of the $235 million WazirX hack, the cryptocurrency exchange has announced a significant step in the recovery process, freezing approximately $3 million in stolen assets. This signals the platform’s commitment to addressing one of India’s largest cryptocurrency thefts. WazirX, which operates under its parent company Zettai, has been working closely with law enforcement, forensic experts, and legal authorities to track and recover the stolen funds.