Top stories this week
- MicroStrategy’s X account hacked, phishing scam
MicroStrategy’s X account on Twitter was hacked and used for an Ethereum token phishing scam, resulting in the loss of around $440,000 in crypto assets. - Reddit’s Investments in Bitcoin and Ethereum
Reddit’s Initial Public Offering (IPO) documents have revealed that the company has invested in Bitcoin and Ethereum. - Spot Bitcoin ETFs Breaking Volume Records
Spot Bitcoin ETFs have reportedly broken their all-time high daily trading volume, surpassing 220,000 Bitcoin under management. - Satoshi Nakamoto’s Emails Revealed
Emails from Bitcoin inventor Satoshi Nakamoto have been revealed in court, offering insights into the early vision and secrets surrounding the creation of Bitcoin. - Kraken Files to Dismiss SEC Lawsuit
Crypto exchange Kraken has filed a motion to dismiss the lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC), claiming the SEC is seeking ‘Boundless Authority’ over crypto. - Paris Saint-Germain FC Joins Chiliz Blockchain
Paris Saint-Germain Football Club has become the first soccer club to act as a blockchain validator on the Chiliz Chain. - BitForex Halts Withdrawals
Crypto exchange BitForex has halted withdrawals and has stopped responding to its users, sparking concern as $56.5 million unexpectedly drained from user wallets. - Disruption in Avalanche Blockchain Production
The Avalanche Network experienced a halt in block production due to what was later clarified as not related to an ‘inscription wave,’ causing a temporary network outage.
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)
The Pepe (PEPE) coin is seeing a significant price surge, gaining 23.63% in the last 24 hours and an impressive 161.72% over the week. The rising trend is attributed to a number of factors, including bullish price predictions for PEPE coin, growing investor interest, and substantial buy-in from whale investors. There’s also an increasing uptake of PEPE in comparison to other meme coins like Dogecoin and Shiba Inu. Furthermore, a surge in profit-taking activities in the PEPE market indicates a positive outlook for future price movements. Additionally, smart money investment and leading the meme token economy imply a growing confidence in PEPE’s performance potential.dogwifhat (WIF)
Dogwifhat (WIF), a meme coin on the Solana blockchain, has been making headlines as it experiences significant price surges. An array of positive factors such as a trader netting nearly $1.4 million from initial investment of $310, the potential of the coin going “turbo parabolic” according to analysts, along with a substantial increase in trading volume are driving its bullish trend. WIF’s price has increased by +11.48% in the last 24 hours, and a whopping +112.55% this week, signifying a bright outlook for this rising star in the meme coin market.Arweave (AR)
The price of Arweave (AR) has spiked +46.28% in the last 24 hours and +74.09% this week due to bullish signals surrounding this coin. Studies suggest that the surge in AR’s price is due to various factors including significant technological developments, an expanding community interest, and increasing usage for improved data protection. The involvement of more investors in AR’s market also plays a key role in its price increment.FLOKI (FLOKI)
The FLOKI token has shown a significant upswing, with prices surging by 2.43% in the last 24 hours and notching a stunning rise of 64.03% over the week. This positive momentum is attributed to several key factors. First, market sentiment has been positively impacted by promising predictions for FLOKI’s future price. Additionally, a substantial $10 million purchase of FLOKI by DWF Labs, signalling strong industry confidence, has added to the momentum. Moreover, FLOKI demonstrated a phenomenal staking TVL (total value locked) record of $105 million, overtaking other popular coins. These potent factors are fueling an increase in investor interest and contributing to the coin’s recent stellar performance.Compound (COMP)
The Compound (COMP) coin has experienced a 7.34% price surge in the last 24 hours and a significant weekly increase of 50.24%, which reflects the positive sentiment surrounding this coin. Factors driving this growth can be attributed to the increasing adoption of decentralized finance applications. Growing confidence in the coin’s future is indicated by numerous successful market developments and partnerships, contributing to its robust performance.
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