Macroeconomic events shaped the digital assets market with notable outflows, as @CoinSharesCo reported a modest $48M inflow last week, with gains for $BTC, $XRP, and $SOL but losses for $ETH. #Update #Crypto $ETH (-3) ↘
Bryan Steil has been named chair of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. He will lead efforts to regulate digital assets and promote blockchain-friendly policies in the US. #Update #Crypto (+3) ↗
@PythNetwork partners with @RevolutApp to integrate digital asset data into DeFi, aiming to bridge TradFi and Web3 ecosystems. This collaboration enhances real-time data accessibility for users. • #Update • #DeFi • @PythNetwork • (+4) • ↗
Montenegro court blocks Do Kwon’s extradition to South Korea. Kwon, behind Terraform Labs’ $40B collapse, faces fraud charges, highlighting global crypto legal complexities. #CryptoNews #FinancialCrime
ESET Research reveals the Ebury botnet, with a footprint in nearly 500,000 servers, continues to pose a significant threat by targeting cryptocurrency, affecting over 100,000 servers globally as of late 2023.
Donald Trump’s campaign now accepts cryptocurrency donations through Coinbase Commerce, pioneering the integration of digital currency into political fundraising. This strategic move not only highlights Trump’s commitment to financial technology innovation but also potentially expands the donor base by tapping into the burgeoning cryptocurrency market.
Standard Chartered Bank anticipates the SEC’s approval of spot ethereum ETFs this week, potentially driving a $15 billion to $45 billion influx into ether in the first year, marking a significant milestone in digital asset integration and economic impact.
In the first quarter of 2024, crypto startup funding impressively reached $2.4 billion across 518 deals, marking a 40.3% growth from the previous quarter, driven by the launch of the first U.S. bitcoin spot ETFs.
Coinbase’s latest commentary highlights the pivotal role of U.S. regulatory developments in shaping cryptocurrency market trends. It underscores that SEC decisions could be crucial catalysts, potentially leading to greater investor confidence and more stable markets in the crypto industry.
Michael Novogratz predicts Bitcoin will trade between $55,000 to $75,000 this quarter, highlighting its potential for stability and long-term strategic importance in the volatile cryptocurrency market.
US authorities arrested Daren Li and Yicheng Zhang for a crypto scam, attempting to launder over $73 million, marking a significant crackdown on cryptocurrency fraud. This operation showcases the US’s commitment to combating global financial crime.
Mastercard’s Start Path Blockchain program embraces the future of commerce by integrating five new startups, aiming to propel digital assets into mainstream use. This strategic expansion highlights a commitment to innovation and a vision for a seamless, secure digital transaction future, leveraging blockchain’s potential globally.
