Top stories this week
- MicroStrategy Plans to Acquire More Bitcoin
As the value of Bitcoin has dipped, MicroStrategy has announced plans for a $500 million debt offering to purchase more of this top crypto asset. - UK Court Rules against Craig Wright
A UK judge has issued a ruling stating that Craig Wright is not Satoshi Nakamoto (considered the original creator of Bitcoin) nor the author of the Bitcoin white paper. - Hong Kong’s SFC Issues Warning Against MEXC
The Securities and Futures Commission (SFC) of Hong Kong has issued a warning against the unlicensed operation of the crypto platform Bybit and MEXC. - El Salvador Holds More Bitcoin Than Previously Known
El Salvador has revealed a significantly larger Bitcoin treasury holding in a physical vault than was previously known. - Fidelity Adds Staking to Ethereum ETF Proposal
Fidelity Investments has updated its spot Ethereum ETF application to include a provision for staking, aiming to increase the fund’s income. - Bitcoin Price Drop Results in Significant Liquidations
A sudden drop in Bitcoin’s price to $64K has resulted in the liquidation of nearly $700 million worth of assets across the crypto market. - Nigeria’s SEC Proposes Significant Fee Hike for Crypto Exchanges
The Securities and Exchange Commission (SEC) of Nigeria has proposed a 400% increase in registration fees for crypto firms operating in the country. - Launch of Ethereum’s Decun Upgrade
The Decun upgrade for Ethereum has gone live, aiming to reduce layer 2 transaction fees and stabilize the overall fee structure.
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.
DeXe (DEXE)
The DeXe (DEXE) coin has shown a robust growth of +14.15% in the last 24 hours and +14.01% this week. A contributing factor to this surge can be credited to a high demand for DeXe on Decentralized Exchanges (DEXes) which witnessed an 11-month high in weekly trade volume in late February. Additionally, the proliferation of memecoins on the DEX platform has created a lively trading environment, boosting activity and leading to an increase in value.Ondo (ONDO)
Significant institutional adoption and increasing usage in high-end markets depict a promising landscape for Ondo coin, leading to a 25.01% surge in price over the last 24 hours. The acceptance of crypto ETN requests by the London Stock Exchange indicates a strong support for digital currencies, further legitimizing their place in traditional finance systems. Furthermore, the increased use of cryptocurrencies for luxury property rent payments in London underscores potential for higher use-cases, potentially enhancing Ondo coin’s demand and value.Bitget Token (BGB)
Bitget Token (BGB) has shown a remarkable growth reaching 25 million users and fetching an all-time high of $1.15. Despite a generally challenging week in the Crypto market, BGB stood out, with a positive price movement in the last 24 hours and a near-steady weekly performance at +-1.81%. The momentum around BGB highlights the continuous rise in crypto market interest and gives a promising outlook for BGB’s performance.
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