Bitcoin's Price Dip: Bitcoin suffered a 10% drop in value over the week, resulting in substantial market losses.
TON's Palm-Scanning Tech: Telegram-affiliated TON introduced palm-scanning technology to rival digital identity solutions offered by Worldcoin and Humanity Protocol.
Aave Fork Incident: Aave fork on Blast Network accidentally triggered liquidations, causing a staggering $26 million loss for users.
Generational Crypto Investment Trends: A recent study indicates that American Gen Z and Millennials exhibit a higher propensity to invest in crypto over stocks, unlike Gen X and Boomers.
US Government's Bitcoin Holdings: A report from Arkham suggests that the US government holds the largest Bitcoin reserve globall
Bitcoin's Price Plunge:
Bitcoin witnessed a sharp decline of around 17% over the past week, causing significant market turmoil and erasing billions from crypto portfolios. The sudden downturn occurred amidst growing uncertainty surrounding the impending Bitcoin halving event.
TON's Palm-Scanning Tech Launch:
Telegram's TON made waves in the digital identity space by unveiling palm-scanning technology in collaboration with HumanCode. This development positions TON as a contender against established solutions like Worldcoin and Humanity Protocol, sparking intrigue within the crypto community.
Aave Fork Mishap:
The Blast Network experienced a major setback as an Aave fork inadvertently triggered a cascade of liquidations, resulting in losses exceeding $26 million. This incident underscores the importance of robust protocol safeguards and user protection mechanisms in the DeFi ecosystem.
Generational Crypto Adoption Trends:
A report from Policygenius highlighted shifting investment preferences among different generations, with Gen Z and Millennials exhibiting a stronger inclination towards crypto investments over traditional stocks. This trend reflects a broader embrace of digital assets among younger demographics.
US Government's Crypto Holdings:
Data from Arkham Intelligence revealed the significant presence of the US government in the crypto space, with holdings amounting to billions in Bitcoin. This revelation underscores the increasing institutional involvement in cryptocurrencies and their growing recognition as legitimate assets.
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