Top stories this week
- Litecoin crosses $100 ahead of Bitcoin’s Halving
Litecoin crossed the $100 mark just ahead of Bitcoin’s halving event, indicating potential gains. - ARK 21Shares Bitcoin ETF Sees Significant Outflows
ARK 21Shares Bitcoin ETF has seen outflows of $87.5M, surpassing those of Grayscale’s GBTC. - Ripple Plans to Launch US Dollar-Pegged Stablecoin
Ripple plans to launch a US Dollar-pegged stablecoin on the XRP Ledger and Ethereum, expanding its token ecosystem. - VanEck Predicts Ethereum Layer 2s Worth $1T by 2030
According to VanEck, Ethereum layer 2s could reach a valuation of $1T by the end of the decade. - Binance Reveals Board of Directors Under New Leadership
Binance has revealed its first board of directors under the new leadership of Richard Teng, amidst regulatory overhaul. - Bitcoin Price Drops Below $67,000
Bitcoin price drops below $67,000, leading to $426 million in liquidations in the crypto market. - Feds Move Bitcoin From Seized Silk Road Wallet
Federal authorities have moved Bitcoin from a seized Silk Road wallet, holding $2 billion in funds. - Bitcoin, Ethereum, Dogecoin Dip Amid High Selling Pressure
Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin have dipped amid high selling pressure.
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.
Pendle (PENDLE)
Pendle (PENDLE) is experiencing an impressive surge in price, witnessing a rise of 10.34% in the last 24 hours and 26.82% over the week. This price climb comes on the back of various encouraging developments such as the yield trading protocol processing $530 million of trades after launching new Ethena pools, pushing Pendle’s Total Value Locked (TVL) close to $4 billion. On top of that, Pendle’s proactive approach against hackers and scammers has built significant trust among investors, making it a secure and reliable investment in the crypto market.TrueUSD (TUSD)
The TrueUSD (TUSD) coin continues to experience noteworthy changes in its performance, following its recent involvement in the Binance Launchpool project, Ethena. The listing of the ENA token on Binance, the first of its kind, brought additional attention to both the TUSD and ENA coin. At the same time, a sharp decrease in the available supply of TUSD coins has been observed.Frax (FRAX)
Frax Finance has experienced steady growth due to strategic partnerships and ambitious expansion plans. Key moves include collaboration with Sam Kazemian of Fantom and Centrifuge’s Anemoy, as well as the noteworthy integration of FRAX and sFRAX tokens into the Cosmos and IBC ecosystem. These actions, along with an ambitious roadmap aiming to reach $100B in total value locked by 2026, fuels optimism and is a likely catalyst for the project’s future growth.Ethena USDe (USDE)
Ethena’s USDe has seen continuous growth, further bolstered by the launch of the governance token ENA and its subsequent airdrop for USDe holders. The protocol has instilled market confidence by successfully onboarding Bitcoin as backing collateral for USDe, aiming to increase its stability, despite concerns about its risk management practices. Even amidst community disputes, plans by MakerDAO to allocate $600 million DAI into USDe and sUSDe reflect a strong vote of confidence.
The contents of this publication are generated using artificial intelligence technology. The information and opinions presented herein are solely based on data inputs and algorithms, and do not represent the views or expertise of any human author or entity. This publication is provided for informational and entertainment purposes only and should not be considered as professional or investment advice. The Crypto App does not claim to present any viewpoint regarding the potential market prices of any company`s securities or tokens at any given time. The Crypto App makes no representations or warranties, express or implied, regarding the accuracy, reliability, or completeness of the information provided by the artificial intelligence system. Users are encouraged to verify any information obtained from this publication independently before making any decisions or taking any actions based on it. The company disclaims all liability for any direct or consequential losses, whether direct or indirect, arising from the use of the information presented in this publication. Users of this publication acknowledge that they use it at their own risk and that the company shall not be held responsible for any consequences resulting from such use. By using this website, The Crypto App or any related social media accounts, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this publication or its contents is illegal and subject to legal penalties.
