Top stories this week
- Bitcoin Reaches Record High Above $72,000
Bitcoin’s price has surged to a new all-time high of above $72,000 indicating strong bullish sentiment among traders. - Ethereum Dencun Upgrade Goes Live: Impact on L2 Gas Fees
Ethereum’s Dencun upgrade is now live, leading to significant changes in L2 gas fees and efficiency of transactions on the network. - Why Ethereum Dencun Upgrade Is a Big Deal
The Ethereum Dencun upgrade has garnered responses from industry veterans and analysts who view it as a significant improvement in Ethereum’s network. - MicroStrategy Increases Bitcoin Holdings
MicroStrategy has acquired an additional 12,000 bitcoins, driving its total bitcoin holdings to exceed 205,000. - Arbitrum DAO Withdraws Tornado Cash Funding
Arbitrum DAO quashes its proposal to fund Tornado Cash developers due to legal concerns casting uncertainty on the future of the project. - Bitcoin ETFs Soar
Evidencing the growing popularity of Bitcoin investments, the total value of Bitcoin ETFs has doubled in just two months, reaching $55 billion. - CoinShares Acquires Valkyrie
CoinShares has strengthened its presence in the US by acquiring Valkyrie Bitcoin ETF, indicating further growth for crypto ETFs in the US market. - Crypto Mixer Founder Convicted of Money Laundering
The founder of a cryptocurrency mixing service, Bitcoin Fog, has been found guilty of money laundering, highlighting enforcement action against illegal activities in the crypto sphere. - Grayscale Files for Bitcoin Mini Trust with SEC
Grayscale, one of the world’s largest cryptocurrency investment firms, has filed for a Bitcoin Mini Trust with the SEC, offering a new product for investors.
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.
Fasttoken (FTN)
Fasttoken (FTN) is becoming a rising star in the crypto market, primarily driven by its critical role in the secure, scalable, and decentralized Bahamut blockchain network. With benefits for both stakers and validators, it’s creating a fairer, more equitable ecosystem. This, coupled with uptrends of +5.48% in the last 24 hours and +6.26% this week, shows the growing acceptance and impressive performance of Fasttoken.TrueUSD (TUSD)
TUSD faces market uncertainty as, Binance, plans to delist several TUSD trading pairs. This move is stated for reasons concerning market quality and user protection. The uncertainty could potentially impact the price movement of the crypto, however, it remains yet to be seen how investors and the market respond.Sei (SEI)
The SEI token is gaining traction in the crypto space, experiencing a notable price surge of 13%, followed by a +2.68% increase in the last 24 hours and a variable fluctuation of +-3.71% during the week. Further fuelling its bullish momentum, it has been listed for futures trading on the popular exchange Coinbase and included in Grayscale’s new crypto staking fund. Alongside predictions of a lucrative performance in the ongoing bull run, SEI’s burgeoning popularity and the widespread adoption of altcoins suggest a bright future for this affordable crypto asset.Fetch.ai (FET)
Investor optimism about the future of Fetch.ai (FET) is growing as the coin exhibits strong bullish momentum. A recent strategic partnership with Deutsche Telekom and Bosch to enhance its AI and blockchain offerings, along with the launch of a $100M program to boost AI development, have fueled this trend. Moreover, a noticeable uptick in whale accumulation indicates that the price rally is far from over. The price of FET has increased by 5.56% in the last 24 hours and by 6.14% this week, hitting new all-time highs and recording substantial gains.
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