Top stories this week
- Binance To Pay Over $4 Billion in Money Laundering Settlement, CZ Resigns
Binance grapples with a record $4.3B settlement, causing over $1B outflows in 24 hours. CEO Changpeng Zhao admits U.S. money laundering violations and resigns amidst accusations of lax controls and sanction breaches. Binance vows restructuring and stronger compliance. - BlackRock Files For Spot Ethereum ETF
Investment management company BlackRock has filed an application with the SEC for a spot Ethereum ETF. The ETF will aim to provide investors with more protection in the crypto space. - South Korea’s National Pension Service Invests in Coinbase
The South Korean National Pension Service invested $20M in Coinbase shares in Q3 2023 and made a 40% profit. - Philippines To Sell Tokenized Treasury Bond
The Philippines government will sell $270M in tokenized treasury bonds, which will be the first time the country has used blockchain for debt issuance. - SEC Delays Decisions on Bitcoin ETFs
The U.S. SEC has postponed decisions on several Bitcoin ETF applications, including those by Franklin Templeton and Global X. - Tether Plans to Invest in Bitcoin Mining
Stablecoin issuer Tether plans to invest $500 million in Bitcoin mining over the next six months as part of its expansion plans. - Worldcoin Plummets as OpenAI Pushes Out Founder Sam Altman
The price of Worldcoin dropped significantly after OpenAI, a partner of Worldcoin, pushed out its founder Sam Altman. - Pro-Bitcoin Javier Milei Wins Argentina’s Presidential Election
Javier Milei, known for his pro-Bitcoin stance and criticism of central banks, has won the presidency in Argentina, potentially paving the way for greater crypto adoption in the country.
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.
- Blur (BLUR)
Blur coin (BLUR) has experienced remarkable growth with a +27.99% increase in the past 24 hours and +50.34% gain this week. This price surge results from a successful airdrop, contributing to a 30% price pump, and increased interest in Blur’s Non-Fungible Tokens (NFT) ecosystem. The launch of a new Layer 2 network, Blast, enhanced trading volumes and a successful token unlock further accelerated Blur’s rising market dynamics.
Read more on: u.today, ambcrypto.com, coindesk.com - Klaytn (KLAY)
The Klaytn (KLAY) coin has generated significant momentum, witnessing an impressive +16.69% rise in the last 24 hours and a rapid weekly gain of +29.03%. This positive price movement has been influenced by a recent high-profile partnership with CoinMarketCap Labs, set to enhance the Web3 startup space and solidify KLAY’s market position. With top cryptocurrency market reports naming Klaytn as one of the best crypto to invest in currently, the upward trend shows no signs of slowing down.
Read more on: cryptonews.com, invezz.com, cryptonews.com - Immutable (IMX)
Immutable (IMX) has gained significant attention in the crypto market due to various strategic partnerships, including the biggest collaboration with Ubisoft, which bolsters its potential in the blooming gaming industry. The surge in its price by 11.02% in the last 24 hours and 25.17% this week can be attributed to these partnerships and bullish market sentiment. Alongside, it’s attracting more attention for its role in scaling solutions, with its zkEVM Testnet transitioning to a more industry-preferred Geth-based client.
Read more on: cryptonews.com, cointelegraph.com, thedefiant.io - Illuvium (ILV)
Illuvium (ILV) has seen a significant price rise, with a 11.82% increase in the last 24 hours and a total increase of 23.13% over the course of this week. The substantial surge in value can be attributed to several key developments. The blockchain-based gaming platform made headlines by announcing its upcoming launch on the Epic Games Store, a massively popular gaming platform, leading to a spike in the ILV token price. Secondly, the respected cryptocurrency exchange Binance listed ILV perpetual futures, further boosting the coin’s visibility and accessibility in the marketplace. Lastly, the overall explosion of interest and value in the gaming token sector has also positively benefitted Illuvium’s value.
Read more on: analyticsinsight.net, decrypt.co, blockchaingamer.biz - Worldcoin (WLD)
Worldcoin (WLD), co-founded by Sam Altman, experienced significant price fluctuations as OpenAI ousted and then reinstated Altman. Investor sentiments were negatively affected by Altman’s removal, dampening WLD’s value. However, it later rallied by a substantial 20.87% over a week due to anticipations of Altman’s return and his potential role in Microsoft’s AI research team, which heightened interest in the digital coin. Notably, WLD reported a 6.03% rise in its price within the last 24 hours. Additionally, significant user adoption of the Worldcoin’s Wallet App, exceeding 1M monthly users, also appears to be stimulating the coin’s price. Together, these developments are driving WLD’s upwards trajectory.
Read more on: www.cryptopolitan.com, ambcrypto.com, decrypt.co
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