Top stories this week
- SEC Ordered to Review Grayscale’s Bitcoin ETF
A US Appeals Court has mandated the SEC to reassess its decision regarding Grayscale’s proposal for a spot Bitcoin ETF, potentially reinvigorating the company’s bid. - Bitcoin Price Breakthrough Excites the Market
Bitcoin’s price ascended above $35,000, which has led to increased activity among crypto traders. The price hike has been linked to growing excitement about the prospect of a Bitcoin ETF. - Binance Discontinues Visa Debit Card Program in Europe
The major cryptocurrency exchange Binance has announced the termination of its Visa debit card service in Europe amid increasing regulatory scrutiny. - Sam Bankman-Fried’s Trial Nearing Conclusion
Sam Bankman-Fried, the CEO of the cryptocurrency trading platform FTX, is set to testify in his ongoing trial. The case is approaching its final stages, with the prosecution expected to rest soon. - Ark Invest Sells Off Cryptocurrency Shares
Cathie Wood’s Ark Invest has sold significant holdings in Coinbase and Grayscale Bitcoin Trust, shifting its investment to Robinhood shares during a cryptocurrency market surge. - Polygon’s POL Upgrade Goes Live On Ethereum Mainnet
Polygon has successfully deployed its POL token on the Ethereum mainnet, potentially ramping up the capabilities of the Web3 scaling solution. - Crypto Advocate Tom Emmer Enters House Speaker Race
US Representative and known crypto supporter Tom Emmer has officially entered the race for House Speaker, highlighting the increasing intersection of politics and cryptocurrency. - JPMorgan’s JPM Coin Achieves Huge Transaction Volume
JPMorgan’s digital coin, the JPM Coin, is conducting $1 billion in daily transactions, indicating a significant usage increase over the last four months.
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.
Pepe (PEPE)
Recent crypto market activities hint towards a remarkable resurgence in the value of Pepe (PEPE) coin. The memecoin experienced a price increase of +1.23% in the last 24 hours and a considerable rally of +78.25% this week. Influential tweets from Ripple’s CTO and the burning of a record 6.9T PEPE tokens have drawn significant attention towards PEPE, alongside a surge in investment from cryptocurrency whales. Exceptional trading volumes and a thriving market sentiment are aiding PEPE to outperform its memecoin contenders, forecasting a promising future for the coin.
Read more on: thenewscrypto.com, u.todayFLOKI (FLOKI)
The FLOKI coin has been experiencing a major surge in value, with a stunning increase of +25.26% in the last 24 hours and +70.90% this week. This uplift can be attributed to a range of events such as FLOKI getting listed on major exchanges like Cetoex, the unveiling of TokenFi – their tokenization platform, and strategic collaborations including one with World Table Tennis (WTT), thereby expanding its visibility to over 120 million people. Moreover, FLOKI is attracting significant interest by planning innovative staking and utility token expansions, and managing to stay green in spite of the bear market affecting other meme coins.
Read more on: www.cryptopolitan.com, news.bitcoin.com
Injective (INJ)
The price of Injective (INJ) has witnessed a significant momentum, recording a 3.99% increase over the past 24 hours and a whopping 40.97% rise this week. Various factors are stimulating this surge, including the Incorporation of Nexus on Google Cloud, the bullish trend in INJ price, and Injective’s partnership leading to the launch of the innovative product “Helix.” Moreover, stimulating excitement from investors and growing media hype around INJ have also contributed to the price rally, marking it as a top gainer.
Read more on: beincrypto.com, ambcrypto.comTHORChain (RUNE)
Despite recent turbulence, THORChain (RUNE) has shown promising performance, witnessing a price increase of 0.62% over the last 24 hours and a sharp rise of 35.14% this week. The increase in demand for RUNE and its recovery path continues to attract attention, resulting in a bullish price trend. Key contributing factors include the resumption and heightened security measures of THORSwap, the decentralized finance exchange built on THORChain, and its proactive battling of illicit activities, all leading to continued faith in, and growth for, the cryptocurrency.
Read more on: cryptonews.com, www.benzinga.comFetch.ai (FET)
Fetch.ai (FET) token has seen impressive upward movement with a rise of 1.60% in the last 24 hours and 32.57% this week. This surge in value can be attributed to the success of the HackAI 2023-24 event and Fetch.ai’s increased focus to boost AI safety measures, as seen in recent actions in the crypto community. FET has further gained significant attention due to forecasts of bullish price patterns in the upcoming years, strengthening its position as a potentially profitable investment.
Read more on: news.bitcoin.com
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