Top stories this week
- Tornado Cash Developer Alexey Pertsev Convicted of Money Laundering
Alexey Pertsev, a developer for the cryptocurrency Tornado Cash, has been found guilty by a Dutch court for laundering $1.2 billion. Pertsev is now facing a sentence of 64 months in prison. - Jack Dorsey Predicts Bitcoin Will Reach $1 Million by 2030
Jack Dorsey, the former CEO of Twitter, predicts the value of Bitcoin will reach or surpass $1 million by the year 2030. - GameStop’s Roaring Kitty Revival Sparks Interest in Meme Coins
The return of GameStop’s ‘Roaring Kitty’ to the spotlight has ignited the market’s interest in MemeCoins, causing them to surge in value. - Ripple CEO Issues Major USDT Warning
Brad Garlinghouse, the CEO of Ripple, has warned that the U.S. government is targeting Tether. This follows concerns raised about the regulatory status of Tether. - Vitalik Buterin Proposes Ethereum Gas Model Overhaul
Ethereum’s creator, Vitalik Buterin, has proposed overhauling the platform’s gas model to potentially lower transaction fees. He suggests a new model like Solana’s of fee calculation. - Mark Cuban Criticizes SEC’s Crypto Regulation
Entrepreneur and investor Mark Cuban has criticized the U.S. Securities and Exchange Commission (SEC) for its approach to cryptocurrency regulation, suggesting the commission should take notes from Japan’s model. - El Salvador Mines 474 Bitcoins Using Volcanic Geothermal Energy
El Salvador continues to mine Bitcoin using geothermal energy from volcanoes. The Latin American nation has mined 474 Bitcoins so far, boosting its Bitcoin holdings to $354 million. - Binance Confronts Allegations Over Employee Dismissal and Market Manipulation
Crypto exchange Binance is facing allegations after reports surfaced that it dismissed an employee who had reported potential market manipulation. The issue involves prominent client DWF Labs. - JPMorgan Unveils Its Bitcoin ETF Holdings
JPMorgan Chase has disclosed its holdings in Bitcoin Exchange Traded Funds (ETF). The disclosure follows similar revelations from Millennium Management and the State of Wisconsin. - Bitcoin Miners Begin Curtailing Operations and Coinbase Resumes After Outage
Bitcoin miners are reducing operations following a halving in their rewards. In related news, crypto exchange Coinbase has managed to restore services after an outage of several hours.
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.
FLOKI (FLOKI)
FLOKI coin, inspired by Elon Musk’s Shiba Inu dog, is gaining significant market momentum. The coin surged by 7.31% in the last 24 hours and 25.15% this week, following FLOKI’s plan to burn 15.2 billion tokens, investment by the Smart Money, and positive predictions about future price movements. The coin’s popularity has increased due to listing on Revolut Business and Binance in Thailand, expanding its reach in Europe and Asia. Despite market volatility, FLOKI remains resilient, demonstrating a promising trend of continuous growth.Livepeer (LPT)
The LPT coin, Livepeer, is currently experiencing a surge in its demand, causing a significant uptick in its value. The token recently reached a price of $19.33, showing an increase of 13.88% in a day and 13.43% this week, as it inches towards its yearly high of $25. This trend is attributed to news about its upcoming inclusion on the Web3 social media platform, which has triggered a boom cycle leading to monthly trading volumes exceeding $106M.Core (CORE)
The price of Core (CORE) cryptocurrency continues to rise, with an impressive growth of +15.18% in the last 24 hours and +8.62% this week. The leap can be attributed to a range of factors such as the coin securing listings on major Latin American exchanges like Bit2Me and strategic partnerships. Additionally, Core Scientific reported a massive financial recovery, recording a substantial net income, which has helped boost investor confidence. The strengthening network activity, as well as increased adoption and key community initiatives, continues to lend solid support to Core’s upward trajectory.SATS (Ordinals) (SATS)
High-profile support and notable funding for the SATS (Ordinals) coin has led to considerable growth in its value in recent times. Twitter co-founder, Jack Dorsey has massively invested $21 million in Opensats, a non-profit organization invested directly in SATS for its development, showcasing his belief in the coin’s potential. The increased utilization of SATS in unique arenas like 3D neurogenerative artwork and online casinos also indicates its wider acceptance and likely contributes to its price surge by +8.99% in the last 24 hours and +8.06% this week.
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