✅ #Bitcoin $BTC once again failed to hold above $70k, losing 1% over the week 🌡

Most interesting events of the past week:

💎 Cryptocurrencies

✔️ Mastercard launched the P2P Crypto Credential service for cryptocurrency transfers 🔥🔥🔥

✔️ Bankrupt exchange Mt. Gox moved 141,686 BTC to another wallet as part of its plan to compensate clients

✔️ Broker Hidden Road blocked its clients from trading on Bybit due to insufficient KYC

✔️ Crypto exchanges #binance , #OKX , #htx , and Gate withdrew their licenses to operate in Hong Kong 🤔

✔️ US GDP for Q1 2024 was revised down to 1.3% 😬

✔️ China is investing $47.5 billion in its own semiconductor manufacturing

✔️ Elon Musk's xAI company raised $6 billion in investments

✔️ Saudi Arabia will sell $12 billion worth of Saudi Aramco shares to finance its economic transformation plan 💔

✔️ #Biden stopped the adoption of a law to repeal SEC cryptocurrency accounting rules 💪🔥

✔️ The EU regulator classifies MEV bots as market abuse tools under new MiCA rules

✔️ Telegram’s built-in crypto wallet Wallet is tightening its verification rules

✔️ Microsoft launched the AI bot Copilot in Telegram

✔️ OpenAI started working on the next generation of #AI 🔥🔥🔥

🚨 Hacks

✔️ The token CATCH dropped by 95% due to a smart contract hack, SpaceCatch announced full compensation for CATCH holders

✔️ Japanese crypto exchange DMM was #Hacked for $305 million