STORY: From a choppy American Bitcoin to a Binance co-CEO.
This is Crypto Weekly
:: Crypto Weekly
:: American Bitcoin turbulence
Shares of American Bitcoin steadied on Wednesday a day after slumping nearly 40%.
The stock plummeted followed an expiry of a share lock-up.
The bitcoin miner, which is backed by two of Donald Trump's sons, said on X.com that the first unlock of pre-merger shares led to a wave of selling.
American Bitcoin is one of several crypto ventures linked to the Trump family and began trading on the Nasdaq in September.
:: European banks push stablecoin
A group of 10 European banks, including ING, UniCredit and BNP Paribas, have formed a company to launch a euro-pegged stablecoin next year.
They hope the move will counter U.S. dominance in digital payments.
The group announced this week the Amsterdam-based company will be called Qivalis.
Jan-Oliver Sell is due to serve as CEO - he was previously head of Coinbase's German business, and has also worked for Binance.
:: Bitcoin bounces
Bitcoin rose to a two-week high of just shy of $94,000 after a 6% rise in the previous session.
The cryptocurrency slumped at the start of December after a bumpy November when it fell more than $18,000.
That was the largest dollar loss in four years.
:: Binance's bosses
Binance named co-founder Yi He as its co-CEO.
She joins Richard Teng in a dual leadership structure of the crypto exchange.
According to her Linkedin profile Yi He is a longtime Binance executive and currently serves as its Chief Customer Service Officer.
The duo aim to responsibly expand Binance's global presence and strengthen compliance.
