Although the week started off promising with Bitcoin surpassing the $69,000 mark, Bitcoin has been continuously adjusted in recent days due to negative news, despite the buying pressure still coming from ETF funds.
Let's go through all the crypto movements this week with Coin68 to make sure you don't miss any important news!
Fluctuations of the top cryptocurrencies compared to 7 days ago. Screenshot from Coin360 at 09:30 AM on October 27, 2024
📺 Coin68 TV
- Jen's Podcast - Episode 12: Should you invest in Memecoins?
- Economics Story #4: Is the US Dollar still 'powerful' and dominating the world?
- Brain Boost #37:
- Airdrop Hunt: Top 6 "0 dong" high-quality Airdrops
- Project Review: Hyperbridge - The next unicorn of the crypto market?
📄 News Highlights
Highlights 🔥
- Bitcoin price slightly decreased after Israel retaliated against Iran
- BlackRock "carried" the Bitcoin ETF last week with a total inflow of nearly $1 billion
- Binance saw a decline in market share in favor of competitors
- The Vietnamese Government issued a national strategy on blockchain application and development until 2030
- Tesla still holds $780 million in BTC after a suspicious move
- The US wants to investigate Tether on allegations of money laundering and sanctions violations
Big Cap 💎
- Bitcoin hashrate set a new record
- Vitalik proposed a series of solutions to address the issue of centralization of staking on Ethereum, set a goal to operate nodes on smart watches
- The market capitalization of Tether (USDT) reached a record high, exceeding $120 billion
- GnosisDAO launched a $40 million investment fund, focusing on RWA and decentralized infrastructure
- Fundraising: Variational ($10.3 million), Moonwalk Fitness ($3.4 million)
DeFi and Layer 2 🦄
- Kraken will launch the layer-2 "Ink" in early 2025, using Optimism's OP Stack
- Scroll announced the airdrop criteria for Season 1
- Sky is considering returning to use the Maker brand
- Base is about to deploy Fault Proof, moving towards decentralization
NFT, GameFi, Metaverse and SocialFi 🖼 🎮🌐
- Magic Eden integrated with Berachain and ApeChain
- Trump's winning probability suddenly "surged" to 99%, Polymarket is suspected of manipulation
Major Organizations 💰
- Microsoft may be pressured by shareholders to "consider investing in Bitcoin"
- Metaplanet raised an additional 10 billion Japanese yen to buy Bitcoin
- Stripe acquired the stablecoin payment company Bridge for $1.1 billion
Legal and Adoption ⚖️
- The US government is suspected of being hacked and losing $22 million in crypto
- Nigeria dropped all charges and will soon release the Binance manager
- India is considering banning crypto to prioritize CBDC
- South Korea proposed regulations for reporting cross-border crypto transactions
Compiled by Coin68
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