Weekly Crypto Report: Top Stories, DeFi Dynamics, ETF Insights, and Crypto Market Analysis
Research Report
Dear Readers,
The price of Bitcoin (BTC) keeps showing some weaknesses lately, even though big investors are showing more interest. People who hold Bitcoin for a short time are selling more to make profits, which has slowed down the positive momentum recently. According to Santiment Bitcoin account holders with less than 1 BTC have dropped by 510,000 in the past 30 days.
But the number of accounts holding over 1,000 BTC has gone up by 147 in the past four weeks. This increase might be because the United States allowed spot Bitcoin exchange-traded funds (ETFs), which brought more money into the Bitcoin market.
Let's explore the latest happenings in the crypto world from last week. This analysis report, supported by reliable data, delves into the significant developments across Web3, Blockchain, and Crypto. So, what's been making waves in the crypto world lately? Let's dive in and explore the top crypto news of the week.
SK’s Gyeonggi Province implements crypto monitoring system, recovers $4.67M in taxes from centralised exchanges.
Reddit files for NYSE IPO, discloses crypto investments in Bitcoin and Ethereum for diversification.
Aave separates from Gauntlet for risk management, explores new partnerships, raising future risk strategy questions.
Andreessen Horowitz invests $100M in Ethereum’s EigenLayer, focusing on Layer 2 scalability solutions.
Vitalik Buterin doubts prioritising simplicity in Layer 1 blockchains, suggests enhancing Layer 2 scalability.
Coinbase urges SEC approval for Grayscale Ethereum Trust (ETHE) shares as an Ethereum ETF.
Ripple CEO welcomes XRP ETF amidst regulatory challenges.
Binance clarifies Nigerian Naira position amid criticism, addresses currency speculation concerns.
Egyptian Bank CIB partners with Ripple for blockchain cross-border payments.
UK accelerates stablecoin regulations amid election pressure, expedites approval for stablecoins and staking services.
South Korean Party proposes two-year crypto tax delay, aligning with campaign pledges before general election.
FixedFloat DEX hacked, loses nearly $26M in Bitcoin and Ethereum funds.
Digitex Futures founder indicted for violating Bank Secrecy Act, facing charges for unregistered crypto futures trading.
If you're interested in reading a detailed research report from last week, click below to explore an intriguing article on Coinpedia.
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