Bitcoin Stalls: While Bitcoin gained over 10% this week, it sits shy of its nearly $74,000 record, reached earlier in March.
Meme Coin Mania: Meme coins stole the show with significant gains across the board.
Dogecoin (DOGE): The OG meme coin surged nearly 45% this week.
Dogwifhat (WIF): The week's biggest winner, this Solana-based meme coin skyrocketed almost 100%.
Shiba Inu (SHIB): Dogecoin's rival jumped over 10% in value.
Bonk & Pepe: These Solana-based meme tokens also joined the party, rising 23% and 6%, respectively.
Major Coins See Modest Gains: Established players like Ethereum (ETH) and Solana (SOL) also inched up in price.
Ethereum (ETH): Up over 4%, reaching $3,494.
Solana (SOL): Gained over 12%, settling at $196.23.
SingularityNET (AGIX) , Fetch.ai (FET), and Ocean Protocol (OCEAN) are planning to merge their crypto tokens into a new unified ASI token. This merger aims to create a larger and more powerful force in the decentralized AI market. The ASI token will be used for various purposes within the AI ecosystem, including network security, data access, and transactions. The merger is still subject to approval by the respective communities of each project. If approved, the token migration will begin and a governing council will be established to oversee the merged network. The announcement of the merger has already caused significant price increases for the tokens of all three involved companies.
SAM BANKMAN-FRIED SENTENCED 25 YEARS IN PRISON: In a stunning turn of events, the former billionaire was sentenced to 25 years behind bars for defrauding customers and investors out of $8 billion. Prosecutors painted a picture of a house of cards – a crypto empire built on a foundation of lies and stolen funds. Bankman-Fried, once lauded for his "effective altruism," was revealed as a cunning manipulator who used FTX as his personal piggy bank.
RWA tokens are poised for a surge with BlackRock's entry: BlackRock is entering the real-world asset (RWA) token market with its first tokenized fund, BUIDL. This move is expected to trigger a domino effect, attracting more investment into RWA tokens. RWA tokens represent ownership of real-world assets like real estate or gold on the blockchain, making them more accessible to investors. The RWA market is expected to grow significantly in the coming years, with some projections estimating a market valuation of $16 trillion by 2030.