Top stories this week
- Sam Bankman-Fried Guilty in FTX Fraud Trial
Sam Bankman-Fried, the founder of FTX, has been found guilty on all 7 charges in his fraud trial. He plans to appeal the guilty verdict. - Thailand’s K-Bank Acquires Majority Stake in Satang Crypto Exchange
Kasikorn Bank, also known as K-Bank, has acquired a 97% stake in the parent company of the Satang Crypto Exchange for $103 million. The bank intends to capture 20% of Thailand’s crypto market by 2024. - Taiwan Authorities Bust Major USDT Money Laundering Scheme
Taiwan authorities have uncovered and cracked down on a massive crypto money laundering network, seizing over 320 million USDT in the process. This case is reported to be Taiwan’s largest money laundering scandal involving cryptocurrency. - Coinbase Launches Bitcoin and ETH Futures for US Investors
Coinbase, a major crypto exchange, has launched leveraged crypto futures for BTC and ETH aimed at US traders. These ‘nano’ futures are now accessible to US retail traders through the Coinbase Advanced platform. - SEC Investigates PayPal Over Its PYUSD Stablecoin
PayPal claims to have received a subpoena from the U.S. Security and Exchange Commission (SEC) relating to their PYUSD stablecoin. The nature of the SEC’s enquiry is not yet clear. - Do Kwon’s Terraform Labs Squares off Against U.S. SEC
Terraform Labs and its founder, Do Kwon, have submitted a motion seeking early dismissal of a case filed by the SEC. They argue that the SEC has not proven that they did anything wrong concerning their crypto operations. - Ripple CEO Criticizes Former SEC Chair Jay Clayton
Ripple CEO, Brad Garlinghouse, has criticized former Security and Exchange Commission (SEC) Chairman, Jay Clayton, accusing him of hypocrisy in his regulatory approach critique.
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.
Trust Wallet (TWT)
Trust Wallet Token (TWT) has seen a significant price upswing, gaining more than 7.82% in the last 24 hours and 17.33% within a week. The positive trend has been driven by several factors including the listing of TWT on Binance futures which resulted in a 22% surge, reaching its highest price point since April. Furthermore, the anticipation for Trust Wallet’s ‘major update’, which sparked uncertainty at first, seems to have quickened TWT’s bullish momentum, appeasing fears of the coin ‘going to zero’. The rising interest in Trust Wallet’s airdrops and its rebranding to reflect financial autonomy have also contributed to this price surge.
Read more on: coindoo.com, coinpedia.orgOsmosis (OSMO)
The Osmosis coin (OSMO) is demonstrating a remarkable surge, gaining an impressive 16.68% in just the last 24 hours and 50.25% in this week. This compelling price trajectory can be attributed to various recent advancements in the Osmosis ecosystem. For instance, the major uptick in the coin’s user base (+182% in the last 30 days), the new proposal to halve ATOM inflation, and the integration of the first Inter-Blockchain Communication protocols on top of Avalanche (AVAX) have all potentially contributed to the coin’s growth. Moreover, the launch of dYdX’s decentralized trading platform on Cosmos, as well as the open-sourcing of its code in preparation for a mainnet launch, may further elevate Osmosis’s market position and add to its value.
Read more on: www.cryptopolitan.com, coinpedia.orgMask Network (MASK)
Mask Network’s price has surged by 9.95% in the last 24 hours and by 25.22% this week, a trend driven by a series of positive news about the coin. The increase has been fueled by Mask Network’s integration with Solana and addition of new security features by partnering with Blockaid, aimed at preventing theft and phishing attempts. Furthermore, anticipation built around Mask Network’s collaboration with Mastercard and big names such as Ledger to augment its influence in the Web3 space has amplified interest and demand for MASK.
Read more on:coingape.comARK (ARK)
Crypto coin ARK has seen a sharp price ascent with an increase of 13.28% in the last 24 hours and 115.75% within the week. This surge can be attributed to positive market sentiment, strategic alliances, endorsements from influential figures in the crypto market, and potential regulatory approvals driving increased adoption. Investors’ renewed confidence indicates a promising future for ARK, as they anticipate further growth and profitability.
Read more on: www.cryptopolitan.com, www.cryptopolitan.comSushi (SUSHI)
The Sushi (SUSHI) token has marked a significant upsurge by 0.9% in the last 24 hours and a remarkable 89.32% increase over the week. The price increase seems to be the result of a large whale shifting a substantial volume of SUSHI tokens, thereby possibly stirring market speculation. Despite suggestions of market manipulation, the escalating trading volumes and a thriving crypto economy signal towards a bullish run for SushiSwap’s native token, SUSHI.
Read more on: www.cryptopolitan.com, u.today
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