Dive into the ever-evolving world of cryptocurrency with our Weekly Crypto Round Up. From market trends to technological breakthroughs, we bring you the most pivotal updates shaping the digital currency landscape. Stay informed and ahead of the curve with our weekly crypto roundup in the crypto universe!
Weekly Crypto Round Up most important news 🌐
This week in crypto has been bustling with activity, from Bitcoin’s bullish market forecasts and pivotal regulatory updates to the latest technological strides and significant market trends. The crypto world also witnessed major adoption news, key security updates, and exciting developments in NFTs and CBDCs. Stay tuned for more such weekly insights in the weekly crypto round up.
- Regulatory Changes and Government Policies:
- Matrixport Research’s Bull Market Forecast: Bitcoin is projected to reach $63,140 by April 2024 and $125,000 by the end of 2024.
- Spanish Arrest over North Korea Crypto Conspiracy: Alejandro Cao de Benos detained for allegedly helping North Korea evade sanctions via crypto and blockchain.
- China, Japan, and South Korea’s Blockchain Cooperation: Chinese Foreign Minister Wang Yi calls for big data and blockchain collaboration among these nations.
- Technological Advancements:
- Antpool Overtakes Foundry USA: Bitmain-affiliated Antpool becomes the largest bitcoin mining pool, surpassing Foundry.
- Coinbase’s No Token Plan for Base: CEO Brian Armstrong confirms no plans for a Base token, focusing on layer-2 transaction.
- LayerZero Discord Mod Scam Alert: A scammer posted a phishing link in a proposal vote, affecting over 1,000 users.
- Market Trends and Analysis:
- Significant Transaction Volume Growth: Avalanche, Osmosis, Solana, ThorChain, and Sui hit record highs in transaction volume.
- Rising Bitcoin Prices: Bitcoin approaches $40,000, with significant liquidations of both long and short position.
- Ethereum’s NFT Market Surge: Transaction volume reaches $34.786 million, the highest since June 2.
- Major Adoption News:
- SoFi Technologies Exits Crypto Business: Amid increasing banking regulatory scrutiny, SoFi announces the termination of its crypto services.
- Binance’s New Stablecoin Listing: Anchored Coins EUR (AEUR) to be listed, backed by licensed Swiss bank.
- Security and Hacking Incidents:
- Avalanche’s Platypus Hackers Acquitted: French court acquits two hackers involved in the Platypus stablecoin flash loan attack.
- Crypto Exchanges and Trading Platforms:
- Bitget Exchange’s Strategic Decision: Suspending new user registrations in mainland China amid a major investment.
- Coinbase’s Future Perpetual Futures Contracts: Adding support for Polygon and Bitcoin Cash perpetual futures.
- Central Bank Digital Currencies (CBDCs) and Cross-Industry Applications:
- South Korea’s Stock Exchange Token Securities: Plans to open financial services for token securities trading, launching in the first half of next year.
- Macroeconomic Factors and DeFi News:
- U.S. Space Force Member on Bitcoin: Jason Lowery recommends investigating Bitcoin’s national strategic importance for cybersecurity.
- New Coin and Token Launches:
- KuCoin Ventures Supports TON Ecosystem: Funding for the development and expansion of the TON ecosystem announce.
- NFT Market Developments:
- Ethereum NFT Market Highs: With Blur leading the market, notable increases in Pudgy Penguins, Azuki, and Milady NFT price
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Crypto Wonderland: Unwrapping Bitcoin’s Holiday Surge & Altcoin Adventures!
Upcoming Crypto Events in Weekly Crypto Round Up
Gear up for an exciting December 2023 in the weekly crypto round up! Mark your calendars for these not-to-miss upcoming events and launches that are set to bring fresh dynamics to the crypto market.
- QuickSwap Bonds Release: Anticipation is high for the upcoming launch of QuickSwap Bonds.
- MEXC Exchange Listing of Baby Grok: Baby Grok will be listed on the MEXC Exchange with a BABYGROK/USDT pair.
- Bittrex Delisting Coinweb: Coinweb will be delisted from Bittrex on December 4 due to closure.
- Streamr 1.0 Testnet: The incentivized testnet for Streamr 1.0 is scheduled at 15:00 UTC.
- Finceptor SHO on DAO Maker: A multi-chain DeFi 2.0 liquidity protocol featuring a launchpad plug-in.
- DIA DAO Treasury Vote: Community proposals for DIA DAO to enter Snapshot voting after December 4.
- Gods Unchained Epic Crafting Update: Gods Unchained introduces easier crafting for Tides of Fate Epic recipes, starting at 5 PM PST.
- iExec V8.3 Launch: iExec is launching an upgraded version of its middleware.
Source: coinmarketcal.com
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