This Week's Highlights in the Cryptosphere
This week has been marked by regulatory scrutiny and significant developments in the crypto landscape. Here's a summary of key events:
Regulatory News
- SEC Scrutinizes NFT Platform: The SEC issued a Wells notice to OpenSea, signaling potential enforcement action against the NFT platform.
- Elon Musk Dogecoin Lawsuit Dismissed: A federal court dismissed a lawsuit alleging that Elon Musk and Tesla manipulated Dogecoin's price.
- Russia Embraces Crypto for Trade: Amid sanctions, Russia is exploring cryptocurrency settlements for cross-border trade.
- Abra Settles with SEC: Abra reached a settlement with the SEC over unregistered security sales and other violations.
Bitcoin and Precious Metals
- Bitcoin remains in a downward trend, while gold and silver are surging.
DeFi
- SSV Network DAO and Ether.fi launch an educational campaign on Distributed Validator Technology (DVT).
Altcoins
- A renowned crypto whale invests heavily in the market, making significant moves.
- DTX Exchange gains traction with its pre-sale success.
- Polygon (MATIC) faces concerns after a 27% drop in value.
Technology
- The TON blockchain experiences outages due to high traffic from token minting.
Business
- Crypto.com partners with Standard Chartered Bank for fiat currency services in multiple countries.
- Celsius Network distributes over $2.53 billion to creditors in a major bankruptcy case.
- Polkadot Decoded Asia 2024 scheduled in Singapore.
Web3
- Decentralized lending protocol Echelon secures $3.5 million in funding.
- Layer One blockchain Creditcoin launches its EVM-compatible mainnet and CreditWallet app.
- Kaia unveils its mainnet and consumer adoption program.
Other News
- The Fat User Thesis emphasizes user-centricity in Web3 innovation.
- Layer One blockchain Kaia launches its long-awaited mainnet.
DogeHome
BH NEWS
Crypto Intelligence
DogeHome
CaptainAltcoin
DogeHome
Coingape News Media
Crypto Intelligence
U.Today
