Top stories this week
- Safemoon Files For Chapter 7 Bankruptcy Amid Allegations of Fraud
Safemoon cryptocurrency company has filed for Chapter 7 bankruptcy as allegations of securities and wire fraud intensify. As a result, the value of the Safemoon token plummeted by close to 50%. - Investor Spike in BONK Meme Coin Following Listings
BONK meme coin has seen a surge in value following its listing on various platforms such as Coinbase, Binance, and Crypto.com. This growth in popularity has led to increased trading activity. - Coinbase’s Petition for Crypto Regulation Denied by SEC
The U.S. Securities and Exchange Commission (SEC) has denied Coinbase’s request for new crypto regulations. The crypto exchange firm has responded by taking the agency to court over the decision. - BlackRock Discusses Bitcoin ETF with SEC
BlackRock and the SEC have held several meetings to discuss the provisions required for a potential Bitcoin ETF. The company is willing to meet the demands put forth by the SEC. - Bitwise Begins Advertising Campaign for Bitcoin ETF
Bitwise has adopted a head start on the promotion of its Bitcoin ETF with its recent marketing push. The firm is hopeful for an approval of its ETF offerings. - SEC Postpones Decision on Ethereum ETFs
The US SEC has postponed the decision regarding the approval of multiple Ethereum ETFs to February 2024. This delay applies to pioneering entities like Invesco Galaxy. - Ark Invest Sells Coinbase and GBTC Shares
Ark Invest, led by Cathie Wood, has sold a notable stake in Coinbase and GBTC shares amidst the rally in Bitcoin and Ethereum markets. - Ethereum Predicted to Outperform Bitcoin by JPMorgan
In a bold prediction, JPMorgan looks to Ethereum as the potential top cryptocurrency of 2024, expecting it to outperform Bitcoin in the coming years. - UK Launches Digital Securities Sandbox
The UK has announced a Digital Securities Sandbox, aiming to test new technological frameworks in the asset securities arena, representing a crucial step towards future-proofing securities regulation.
Hottest coins of the week
The featured cryptocurrencies list was generated through our sophisticated AI-driven analysis that meticulously evaluated the market sentiment surrounding tokens within the 500 most prominent articles over the past week, in conjunction with a thorough AI-examination of their price trends.
- Stacks (STX)
Stacks (STX) has been showing impressive growth, with an increase of 11.03% in the last 24 hours and 42.74% this week. This trend, attributed to positive comments from legendary investor Tim Draper and the forecast of North Rock Digital hedge fund that predicts STX as the best altcoin in the coming months, has triggered heightened market interest. The Stacks Network’s enhanced staking features and bullish momentum, which saw it outperform other assets by surging 128% in a single week, provide additional evidence of its potential for further significant price jumps.
Read more on: cointelegraph.com, coingape.com - Livepeer (LPT)
Recent collaborations with influential digital artists like Refik Anadol and Deafbeef have significantly heightened the visibility of Livepeer (LPT), attracting more investors to its potential. Anadol’s revolutionary AI-powered and blockchain-based artworks, combined with Deafbeef’s innovative NFT sculptures in Patagonia, have sparked global interest. This, coupled with its impressive price movement of +20.41% in the last 24 hours and +42.09% this week, suggests a sustained upward trajectory for LPT.
Read more on: www.coindesk.com, decrypt.co - Sei (SEI)
Sei (SEI) has displayed a strong upward movement, with the price escalating by 10.63% in the last 24 hours and by 57.19% in the past week. This increase is driven by factors such as its exclusive Telegram Crypto Casino’s upcoming launch, strong technical indicators, and its robust momentum. It’s also worth noting that the demand for fast and cost-effective transactions has led SEI to reach an all-time high, heralding the coin as a promising player in the crypto market.
Read more on: cryptonews.com - ALEX Lab (ALEX)
The crypto coin ALEX Lab (ALEX) recently witnessed a robust price increase, registering a surge of +35.31% in the last 24 hours and +57.16% over the week. The uptrend seems to be fueled by several factors, including notable collaborations with innovative blockchain companies like Domo, BIS, Hiro, UniSat, Xverse, and Xlink. These alliances have sparked considerable interest and increased investment, cementing ALEX Lab’s position in the constantly evolving digital finance field.
Read more on: finance.yahoo.com, investorobserver.com - Bounce (AUCTION)
The Bounce (AUCTION) coin is seeing significant gains with a +13.92% increase in the last day and a significant +56.80% rise over the week. This is a response to the positive market sentiment around crypto, associated with an influx of new investments and the adoption of essential crypto technologies. Privacy enhancements in auctions and listings on major exchanges further contribute to the price increase. As the auction marketplace further solidifies its place in the crypto economy, interest in Bounce is expected to continue its upward trajectory.
Read more on: medium.com
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