BONK’s Surge Send Prices of Solana Saga Phone Flying to $2K

The sealed and unopened phone boxes contain an airdrop of 30 million bonk (BONK) tokens, which has seemingly revived dismal Saga sales.Source

Bitcoin Hovers Over $41K as Memecoin, Ordinals Frenzy Clogs up Blockchains

Longs continue to get liquidated as the price of bitcoin and other major digital assets gyrate.Source

Polygon Stops Work on ‘Edge,’ Used to Build Dogechain, as Focus Turns to ZK

Polygon Labs, a developer of scaling networks for Ethereum, has shifted toward “Polygon CDK,” a blockchain-development kit powered by zero-knowledge cryptography. The older “Polygon Edge” was used by Dogechain, in an unofficial effort to build a Dogecoin-oriented smart-contracts network.Source

Protocol Village: Cardano Codebase Moves to Member-Based Project Intersect’s Stewardship

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 14-Dec. 20, with live updates throughout.Source

Bitcoin at Risk of Snapping Historic Winning Streak, but ‘Perfect Storm’ Brews for a Strong 2024

Investors moved the highest amount of BTC to exchanges since March, IntoTheBlock noted, signaling profit-taking after bitcoin’s first eight-week streak of gains since 2017.Source

Coinbase Tried to Rein in a Renegade SEC That’s Trying to Rein in a Renegade Industry

The SEC rejected Coinbase’s petition for crypto rulemaking, marking yet another refusal to provide regulatory clarity for an industry that badly wants it.Source

Taiwanese Authorities Investigating Blockchain Betters over Polymarket Election Contract: Report

The Presidential and Vice Presidential Election and Recall Act specifically prohibits gambling on elections.Source

Arbitrum Hit by ‘Partial Outage’ Due to Traffic Surge

The layer-2 blockchain stopped working as intended Friday morning.Source

U.S. SEC Denies Coinbase’s Push for Crypto Regulations as ‘Unwarranted’

U.S. crypto exchange Coinbase’s petition to the Securities and Exchange Commission (SEC) to prod it toward a system of tailored rules for digital assets was rejected by the regulator on Friday.Source

Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report

Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said.Source