Top stories this week
- Binance Unveils Web3 Wallet
Binance has launched an integrated Web3 wallet in its mobile app aimed at bridging centralized finance (CeFi) with decentralized finance (DeFi), promoting ‘Self Sovereign Finance’. - Hong Kong Considers Spot Crypto ETFs
The Securities and Futures Commission (SFC) in Hong Kong is considering the approval of spot Crypto ETFs for retail investors in an effort to foster a global digital asset hub. - UK regulators to regulate Stablecoins
The Financial Conduct Authority alongside the Bank of England have unveiled plans to regulate stablecoins to mitigate risks associated with the digital currency. - $100 Million Crypto Initiative in UAE
SC Ventures and SBI Holdings are collaborating on a $100 million Crypto initiative in UAE aimed at investing in crypto startups. - Elon Musk Launches New AI chatbot ‘Grok’
Elon Musk has presented a new AI chatbot, Grok, which he predicts might outperform existing competitors like ChatGPT. - FTX to Sell $744M Worth of Assets
Cryptocurrency exchange FTX is seeking to sell $744 million worth of Grayscale and Bitwise assets, following approval from a bankruptcy court. - Custodia Bank Launches Bitcoin Custody Service
Despite facing challenges, Custodia Bank has launched a bitcoin custody service for businesses. - ORDI Token’s Value Skyrockets Post-Binance Listing
The value of Ordinals Protocol Token (ORDI) has spiked by 80% following its listing on cryptocurrency exchange Binance. - Robinhood Expands Crypto Trading to EU Markets
Despite a 26% decline in cryptocurrency revenue, Robinhood plans to expand its crypto trading services into European Union Markets.
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.
ORDI (ORDI)
The ORDI coin has experienced a significant price surge, with a +19.11% increase in the last 24 hours and a whopping +204.27% hike this week. These impressive gains could be attributed to several factors such as increased adoption and positive market sentiment. Recent highlights, such as the growth in Bitcoin Ordinals, potential institutional interest, and large transfers of SOL and MATIC, indicate high whale activity, suggesting possible rallies. Analysts also foresee ORDI riding the bullish wave created by Bitcoin, potentially leading to further gains for the coin. In summary, market trends and bullish outlooks seem to suggest that ORDI is set up for a promising future.
Read more on: www.newsbtc.com, dailyhodl.comGas (GAS)
The significant rise in the price of GAS coin, with a spectacular surge of +43.47% in the last 24 hours and +138.57% this week, can be attributed to multiple factors. Key developments include GAS and its associated NEO token experiencing massive growth due to NEO’s Ethereum Virtual Machine-compatible sidechain plans. Furthermore, various upgrades in the blockchain industry targeting on gas fee optimization and the utility adoption of Ethereum Layer 2 solutions have sparked increased network usage, further instigating GAS coin price. Lastly, a substantial trading boost on the Korean markets has been observed, contributing to the coin’s value expansion.
Read more on: dailyhodl.com, www.benzinga.comDeXe (DEXE)
DeXe (DEXE) shows a significant price surge of +14.70% in the last 24 hours and an impressive +88.39% this week. This rise is being influenced by factors such as the ongoing evolution of decentralized exchanges, as well as an increased dominance in the sector seen by platforms like Uniswap despite challenges. Additionally, Grayscale Investments’ recent creation of crypto indexes through a partnership with FTSE Russel has added greater emphasis on the dynamics of cryptocurrencies like DEXE, further bolstering their value.
Read more on: ambcrypto.com, ihodl.comKaspa (KAS)
Kaspa (KAS), a cryptocurrency employing the GHOSTDAG protocol, has seen a remarkable price surge of +4.27% in the last 24 hours and a whopping +71.44% increase this week. This robust growth is primarily due to its recent listing on Coinone and strategic developments like Kasikorn Bank’s acquisition of a 97% stake in the parent company of Satang Crypto exchange. The coin’s promising outlook has outshone other cryptocurrencies, earning it a top position among investors’ recommendations for the best crypto to buy now.Read more on: news.bitcoin.com, www.newsbtc.com
Illuvium (ILV)
Illuvium (ILV) has seen a remarkable surge of +61.68% this week and +12.12% in the last 24 hours. This positive momentum is largely attributed to key developments surrounding the cryptocurrency. Specifically, the announcement of Illuvium’s soon-to-be launch on the highly popular Epic Games Store has caused significant investor excitement, boosting the value of the ILV token. Furthermore, IlluviDEX, an offshoot of Illuvium, is preparing to launch an open beta version early in 2024, signaling continued growth and innovation for the platform. These factors combined set the stage for a promising future for ILV, attracting increased investment interest.
Read more on: www.cryptopolitan.com, cryptonews.comJasmyCoin (JASMY)
The recent surge in the value of JasmyCoin (JASMY) seems to be linked to an overall enthusiasm from investors in the digital currency market, as it reached an impressive high of $0.0044 recently. A record number since June this year, JASMY’s value soared by over 50% from the lowest point. In the last 24 hours, the coin posted an impressive gain of 31.62%, totaling a stunning increase of 48.38% in the past week.
Read more on: invezz.com, invezz.com
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