Recap
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WEEKLY RECAP
🔸Arbitrum's proposal to return ARB$700 million to the DAO treasury overwhelmingly fails.
ARB 118 million voted against the proposal, or 84.01% of the total vote.
🔸Police seized 174 illegal #crypto mining devices in Zubin Potok, Kosovo 🇽🇰
🔸Elon Musk creates the new artificial intelligence company X.AI 🤖
🔸Silk Road hacker convicted of multi-billion dollar #Bitcoin fraud.
James Zhong will serve a 1 year and 1 day jail term and lose the over 50,000 #BTC after pleading guilty to wire fraud.
🔸 The SEC wants to reconsider the definition of an "exchange".
The goal is to include some #crypto and #DeFi market players.
#crypto2023 #Recap #SEC
ARB 118 million voted against the proposal, or 84.01% of the total vote.
🔸Police seized 174 illegal #crypto mining devices in Zubin Potok, Kosovo 🇽🇰
🔸Elon Musk creates the new artificial intelligence company X.AI 🤖
🔸Silk Road hacker convicted of multi-billion dollar #Bitcoin fraud.
James Zhong will serve a 1 year and 1 day jail term and lose the over 50,000 #BTC after pleading guilty to wire fraud.
🔸 The SEC wants to reconsider the definition of an "exchange".
The goal is to include some #crypto and #DeFi market players.
#crypto2023 #Recap #SEC
#WRITE2EARN Last week #ALTCOIN Market #Recap : Winners and Losers Amidst Volatility #ondo #pendle
$PENDLE $TON $ORDI $ETH
It's been a rough ride for most cryptocurrencies this past week, with only a handful managing to come out ahead. Among the winners, ONDO led the pack with a 13.2% gain, followed by TON with an 11.3% increase, PENDLE with a 6% growth, and LEO with a modest uptick of 0.5%.
Crypto Market Recap:
Few Bright Spots in a Tough Week
The crypto landscape this week was marked by scarcity in winners and abundance in losers. The total crypto market value now sits at $2.36 trillion, showing a slight 1.87% uptick from yesterday. Bitcoin (BTC) took a hit, dropping by 9.9% over the week, while ethereum (ETH) fared even worse with a 12.7% decline.
ONDO was the standout winner, boasting a 13.2% increase this week, with an additional 10% surge in the past day.
TON followed closely, rising by over 3% today and securing the second-highest spot with an 11.3% gain against the U.S. dollar.
PENDLE also showed promise, climbing by 6% this week and spiking by 15% in the last 24 hours. LEO's gains were meager, with just a 0.5% increase, although it dipped by 0.16% by Monday afternoon.
On the flip side, more than 26 cryptocurrencies experienced losses exceeding 30%.
The BRC20 token ORDI took the hardest hit, plummeting by 39.3% in value. Following regulatory concerns from the U.S.
Securities and Exchange Commission, Uniswap's UNI fell by 35.4%. BONK, Wormhole's W token, WLD, FIL, and several others also saw significant declines.
With the Bitcoin halving event looming just days away, the crypto world braces for potential turbulence.
While a few coins show resilience with modest gains, most are struggling, underscoring the unpredictable nature of digital currencies during critical moments. With $2.36 trillion at stake, stakeholders tread cautiously, aware of the fragile balance in the crypto economy's future.
$PENDLE $TON $ORDI $ETH
It's been a rough ride for most cryptocurrencies this past week, with only a handful managing to come out ahead. Among the winners, ONDO led the pack with a 13.2% gain, followed by TON with an 11.3% increase, PENDLE with a 6% growth, and LEO with a modest uptick of 0.5%.
Crypto Market Recap:
Few Bright Spots in a Tough Week
The crypto landscape this week was marked by scarcity in winners and abundance in losers. The total crypto market value now sits at $2.36 trillion, showing a slight 1.87% uptick from yesterday. Bitcoin (BTC) took a hit, dropping by 9.9% over the week, while ethereum (ETH) fared even worse with a 12.7% decline.
ONDO was the standout winner, boasting a 13.2% increase this week, with an additional 10% surge in the past day.
TON followed closely, rising by over 3% today and securing the second-highest spot with an 11.3% gain against the U.S. dollar.
PENDLE also showed promise, climbing by 6% this week and spiking by 15% in the last 24 hours. LEO's gains were meager, with just a 0.5% increase, although it dipped by 0.16% by Monday afternoon.
On the flip side, more than 26 cryptocurrencies experienced losses exceeding 30%.
The BRC20 token ORDI took the hardest hit, plummeting by 39.3% in value. Following regulatory concerns from the U.S.
Securities and Exchange Commission, Uniswap's UNI fell by 35.4%. BONK, Wormhole's W token, WLD, FIL, and several others also saw significant declines.
With the Bitcoin halving event looming just days away, the crypto world braces for potential turbulence.
While a few coins show resilience with modest gains, most are struggling, underscoring the unpredictable nature of digital currencies during critical moments. With $2.36 trillion at stake, stakeholders tread cautiously, aware of the fragile balance in the crypto economy's future.
