Top stories this week
- El Salvador Continues Bitcoin Plans Following President Bukele’s Re-election
Pro-Bitcoin President Nayib Bukele of El Salvador has won his re-election bid, assuring the continuation of his Bitcoin-backed bonds initiative and plan to build a Bitcoin city. His commitment to integrating Bitcoin into the national economy remains unwavering. - Binance Aid in Recovery of Stolen XRP
Binance freezes $4.2 million in stolen XRP in cooperation with Ripple, following a hack on Ripple co-founder’s wallet. The frozen XRP is said to be linked to a larger $120 million hack incident. - Former Terraform Labs CFO Extradited to South Korea
Han Chang-joon, former Terraform Labs CFO, has been extradited to South Korea by Montenegro following charges related to falsified travel documents. - South Korea Discusses Spot Bitcoin ETF With US SEC
South Korea’s Financial Authority Director plans to have talks on Spot Bitcoin ETFs with the US SEC Chair, Gary Gensler, aiming to understand and incorporate helpful insights in their regulations on cryptocurrencies. - US Treasury Secretary Yellen Calls for Crypto Regulation
Janet Yellen, the US Treasury Secretary, signals the need for improved stablecoin regulations and urges Congress to pass new legislation about ‘non-security’ tokens. She highlighted the risks of the crypto market in her Congressional hearing. - Celsius Network Exits Bankruptcy, Begins Repayment to Creditors
Following a successful exit from bankruptcy, Celsius Network announces the return of over $3 billion to its creditors, marking a significant step in responding to the financial situation. - Victoria VR to Introduce First Blockchain Metaverse on Apple Vision Pro
Victoria VR prepares to launch its Web3 Metaverse App on Apple’s Vision Pro. This is set to be the first blockchain-powered metaverse application in Apple’s platform. - BlackRock’s Bitcoin ETF Surpasses Grayscale in Daily Trading Volumes
BlackRock’s iShares Bitcoin Trust (IBIT) dethrones Grayscale Bitcoin Trust (GBTC) in daily trading volumes. This significant achievement highlights the growing influence of BlackRock in the Bitcoin ETF market. - Crypto Lender Genesis Seeks Permission to Sell Trust Assets
Genesis Global Capital, a bankrupt crypto lender, is seeking court approval to sell over $1.6 billion in Bitcoin trust shares. This comes after settlement talks with the SEC, highlighting Genesis’s effort to bounce back from its financial struggle.
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.
Flare (FLR)
Flare (FLR) has been showing remarkable growth recently, with an impressive 4.9% price increase in the last 24 hours and a 30.71% surge this week, indicating strong bullish behavior. The boost seems to have resulted from several factors including the announcement of Flare Network’s partnership with Google Cloud, positioning FLR among the top promising cryptocurrencies under $1 with significant potential for growth. Furthermore, the rising attention from traders helped benefit FLR’s performance, even amidst a generally bearish crypto market, elevating its market capitalization beyond $1 billion.
Read more on: ourbitcoinnews.comOasis Network (ROSE)
Oasis Network (ROSE) has seen promising market performance, with an upward price movement of 6.33% in the last 24 hours and 18.45% this week. This positive trend has been driven by the anticipation of a market surge making Oasis Network a standout among other cryptocurrencies. In addition, expert predictions suggest ROSE price could see substantial growth reaching highs by 2024.
Read more on: coinpedia.orgKaspa (KAS)
Kaspa (KAS), a scalable open-source blockchain solution, has been receiving strong market attention with a notable price surge of +11.17% in the last 24 hours and +18.18% over the week. Despite minor fluctuations, the ongoing growth trend suggests potential investors are recognising its unique functioning. However, Mac users should be cautious, as a new malware targeting crypto wallets has been reported by cybersecurity firm Kaspersky. Be part of the revolution with Kaspa while staying safe online.
Read more on: www.newsbtc.com, www.benzinga.com, cryptopotato.comOndo (ONDO)
Ondo Finance (ONDO) has been gaining traction with a price increase of +7.46% in the last 24 hours and +16.13% this week, fueled by strategic partnerships and product innovations. The innovative launch of the first dollar token, USDY, on the Sui Blockchain is broadening Ondo’s financial capability, further established by a significant collaboration with Pyth Network. These advancements, coupled with the introduction of real-world asset accessibility, are stimulating interest in Ondo, contributing to its bullish momentum.
Read more on: coinpedia.org, dailycoin.com, crypto-economy.com, en.cryptonomist.ch
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