Top stories this week
- Hoskinson Left Out of White House Crypto Summit
Charles Hoskinson, the creator of Cardano, was notably absent from the attendee list for a crypto summit at the White House, while Ripple’s CEO was invited. The summit has created significant interest, but it is unclear if Cardano will be addressed.
- Bitcoin Price Surpasses $90K Before White House Summit
Bitcoin experienced a significant rise, briefly exceeding $90,000 ahead of a White House summit focused on crypto led by Trump. The rise in Bitcoin’s value sparked mixed reactions among investors regarding potential outcomes of the summit.
- Coinbase to Offer 24/7 Crypto Futures in the US
Coinbase will launch the first CFTC-regulated futures trading for Bitcoin and Ethereum around the clock in the US. This step will open new trading avenues for investors and possibly increase liquidity in the crypto market.
- Bitwise Proposes Aptos ETF Amidst Token Surge
Bitwise has filed for SEC approval to launch an Aptos (APT) ETF. This announcement comes following an 18% surge in APT token prices, highlighting increasing interest in a formalized investment vehicle for this digital asset.
- Mt. Gox Transfers $1B in Bitcoin
A large movement of Bitcoin, approximately $1 billion, was recorded from Mt. Gox’s wallet amidst ongoing market volatility. Such transfers often trigger market uncertainty and concern about potential impacts on Bitcoin prices.
- Executive Order for US Bitcoin Reserve
President Trump signed an executive order to develop a strategic Bitcoin reserve. This move aims to utilize seized assets to build a secure reserve of digital currencies, named ‘Digital Fort Knox,’ but the market has reacted negatively.
- Market Liquidations Exceed $650M
A major sell-off in the crypto market led to liquidations surpassing $650 million in a single day, greatly affecting altcoin values and causing widespread market fear amongst investors.
- Texas Senate Advances Bitcoin Reserve Bill
The Texas Senate has passed a bill to create a Bitcoin reserve, marking a significant step towards state-level support for digital assets. This development is expected to have long-term implications for Bitcoin adoption.
- US Authorities Seize Russian Crypto Exchange Garantex
Garantex, a Russian crypto exchange under sanctions, had its website seized by US authorities, resulting in a freeze of $27 million in USDT by Tether. This move highlights ongoing regulatory actions against non-compliant exchanges.
- Significant Market Liquidations Amidst Bitcoin Market Collapse
The crypto market experienced notable liquidations as large sums were wiped out amid a collapsing Bitcoin market. Investors are closely monitoring for stability and potential rebounds in market activities.
Hottest coins of the week
Bounce (AUCTION)
The price increase of Bounce (AUCTION) in the past week, with +113.09% growth including a daily rise of +18.62%, can be attributed to its newly launched AI Intelligence Auction Launchpad on BNB Chain, which has generated excitement among investors. This platform enables users to create and participate in tokenized AI agent launches, suggesting strong potential for future growth and adoption. The positive market sentiment surrounding AI developments and increased speculative activity appears to be a driving force behind the surge in Bounce’s value.
Mythos (MYTH)
Mythos (MYTH) is experiencing an exciting price increase, with a +3.89% rise in the last 24 hours and +29.13% this week. This surge is largely attributed to Mythos Chain’s introduction of a lucrative 300% APY staking program combined with a deflationary model, which has captured significant investor interest. The strategic launch of these attractive incentives is fueling optimism and driving the price momentum for Mythos, enticing both current holders and potential investors.
dForce (DF)
dForce (DF) experienced a notable price increase of +11.55% in the last 24 hours and a significant +19.58% rise this week, indicating heightened investor interest and confidence. This surge can be attributed to the growing anticipation surrounding new blockchain advancements, greater adoption of decentralized finance (DeFi) products, and increased regulatory clarity which may provide a more welcoming environment for digital assets like dForce. Additionally, the market sentiment seems to be buoyed by the introduction of innovative financial products that integrate traditional finance (TradFi) features with DeFi, which could be contributing to the confidence in dForce’s future utility and adoption.
Story (IP)
The price of Story (IP) has seen a notable increase of +12.33% in the past 24 hours and +8.01% this week, largely due to the coin’s growing community of developers and investors who are optimistic about its future. The recent announcements of strategic partnerships and integrations have also played a significant role in bolstering confidence and attracting new investments. Additionally, the recognition of Story’s potential in emerging digital asset reserves and its strategic positioning in the crypto market have further fueled its bullish momentum.
Hamster Kombat (HMSTR)
Hamster Kombat (HMSTR) is experiencing a price surge, with a notable +6.06% increase in the last 24 hours and +7.90% this week, driven by exciting developments. The launch of Season 2 introduces innovative gameplay alongside the unveiling of its own layer-2 blockchain, Hamster Network, on The Open Network (TON). This new network has already achieved a significant milestone, surpassing Solana with 34,028 transactions per second, emphasizing its scalability and potential as a leading platform for Web3 games and decentralized applications.
Solayer (LAYER)
Solayer (LAYER) has experienced a notable price surge, with a 13.40% increase in the last 24 hours and 5.83% over the past week, driven by positive developments in the crypto space enhancing confidence in decentralized finance (DeFi) solutions. Increased market activity in Layer 2 (L2) solutions and strategic partnerships, including collaborations with major networks like Solana, contribute to the anticipation of improved scalability and transaction efficiency, raising investor interest. These advancements position Solayer as a promising player in the evolving cryptocurrency landscape, drawing attention from both users and investors.
