Top stories this week
- BlackRock’s Bitcoin ETF (IBIT) Reports Zero Inflows
BlackRock’s Bitcoin ETF (IBIT) continues to report zero inflow, breaking a 71-day inflow streak. - ‘Buy Bitcoin’ Sign Auctioned for Over $1M
An iconic ‘Buy Bitcoin’ sign displayed during Janet Yellen’s 2017 congressional testimony has been sold for over $1 million at a crypto auction. - Morgan Stanley Considers Broader Bitcoin ETF Sales
Banking giant Morgan Stanley is considering to allow their network of 15,000 brokers to pitch Bitcoin ETFs to clients. - Stripe Reintroduces Crypto as a Payments Option
Payment processing company Stripe has reintroduced crypto as a payment option, starting with the USDC stablecoin on Ethereum, Polygon, and Solana blockchains. - 39% of Canada’s Institutional Investors Have Exposure to Crypto
According to a KPMG report, 39% of institutional investors in Canada had exposure to crypto assets in 2023. - Consensys Files Lawsuit Against SEC Over Ethereum Regulation
Blockchain company Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) aiming for the court to declare Ethereum not a security. - Pantera Capital to Raise $1 Billion for New Crypto Fund
Crypto investment firm Pantera Capital is aiming to raise $1 billion for a new fund offering exposure to a range of crypto assets. - Franklin Templeton Lists Ethereum Spot ETF on DTCC
Franklin Templeton has listed its Ethereum spot ETF on the Depository Trust & Clearing Corporation (DTCC), raising hopes for approval. - FBI Warning Against Unregistered Cryptocurrency Services
The Federal Bureau of Investigation (FBI) has issued a warning against the use of unregistered cryptocurrency money transmitting services due to increased fraud risks. - Binance Founder Changpeng Zhao Sentenced to Prison
Binance founder Changpeng Zhao has been sentenced to a four-month prison sentence for money laundering violations.
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.
Popcat (POPCAT)
Popcat, a meme coin based on the Solana platform, has shown remarkable performance with a staggering 205% surge over the past week and a 31.27% increase in the last 24 hours. This increase is attributed to strategic investments by renowned traders and a surge in online discussions about the coin. Despite a downturn in other cryptos, Popcat’s robust volume and growth defied the trend, presenting optimistic prospects for further price rallies.ZetaChain (ZETA)
The price of ZetaChain (ZETA) has notably increased by 22.75% in the last 24 hours and 22.29% this week, following key developments surrounding its native token. Zeta Markets, built on Solana, disclosed its tokenomics and decided to allocate 10% of the token supply for airdrops, sparking considerable interest. Furthermore, ZetaChain has also earmarked 5% of its total token supply for ecosystem growth and 1% for projects on its platform, which showcases a strong commitment towards encouraging development of dApps and other protocols, thus positively influencing the value of the coin.Wormhole (W)
Wormhole (W) coin has been experiencing a positive price trend, with an increase of +15.97% in the last 24 hours and +15.61% within this week. These gains have been driven by market sentiments around the coin’s potential and increased adoption. A combination of innovative developments, strategic partnerships, and bullish market conditions have contributed to the rising price of Wormhole. Remember to conduct thorough research before investing in any cryptocurrency.Starknet (STRK)
Starknet (STRK) has seen a price surge of +12.08% in the last 24 hours, and +7.29% this week, in the wake of several intriguing developments. The Starknet Foundation has decided to reopen STRK airdrop claims and redistribute the airdrop to multiple user groups, fostering new excitement among users and investors. Balancing this, there is an increased focus on security following Chinese authorities arresting individuals involved in a Starknet airdrop fraud. Furthermore, Starknet’s compatibility with Argent X and Braavos Wallets is anticipated to improve affordability and accessibility in decentralized finance, hinting at promising future growth.Optimism (OP)
The Optimism (OP) coin is on a roll, gaining +11.93% in the last 24 hours, and +7.18% this week. The recent price rise is likely due to several positive forecasts surrounding the coin, predicting a strong momentum surge in the coming years. Additional factors such as growing market attention and potential new developments are likely contributing to the coin’s value increase. Despite global market volatility, Optimism seems to be holding strong, making it a coin to watch.Amp (AMP)
The promising cryptocurrency Amp (AMP) has come under the spotlight amidst rapid price gains of +7.01% in the last 24 hours and +3.60% over the week. This surge is attributed to several factors, such as potential AMP functionality upgrades aimed at making it easier for users to stake tokens, investor interest in undervalued altcoins, and increased participation in the broader crypto market. Partnerships and promotional campaigns with high-profile individuals and firms also contributed to heightening the visibility of AMP and driving its price growth.
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