✅ We started the week with a sharp rise and the bulls' attempt to consolidate above $65,000, but they failed and the whole week Bitcoin was falling in price until it reached the support level around $60k 📉
Weekly news digest:
💎 Crypto
🔸 The Bitcoin network has processed its one billionth transaction
🔸 Visa's study: More than 90% of stablecoin transactions aren’t from real users
🔸 Mode airdrop claim is open. Season 1 Phase 1 EIGEN stakedrop claims are open 🪂
🔸 P2P Monero trading platform, LocalMonero announced its closure
🏦 Crypto exchanges
🔸 FTX expected to return 98% of its creditors approximately 118% of their allowed claims
🔸 Binance surveillance team found DWF Labs engaged in market manipulation
🔸 Revolut rolled out Revolut X, a trading platform available to its UK retail customers
🔸 Bitfinex's CTO Paolo Ardoino, has now confirmed that the allegations of a database breach were "fake"
🔸 Kraken exchange's lawyers have asked a court to dismiss the SEC's claims
💵 Finances and Economy
🔸 Nigeria vowed to ban P2P crypto trading in the naira
🔸 Robinhood Crypto has received a Wells Notice from the SEC
🔸 EU seeks stakeholder opinions on adding crypto to the 12 trillion euro investment market
⚖️ Law and Order
🔸 Democrats have introduced a bill to the House of Representatives that would temporarily ban the use of crypto mixers
🔸 The House of Representatives voted in favor of a resolution to kill the SEC's accounting policy on crypto custody
🔸 US DoJ has arrested a member of the Cartier family for attempting to import 100 kilograms of cocaine and launder money through USDT 👮
🗣 Personalities
🔸 Robert F. Kennedy Jr. claims to have a dead worm in his brain
🔸 Twitter and Block co-founder Jack Dorsey argued that Bitcoin could hit $1 million and "beyond" in 2030
🔸 Legendary hedge fund manager Jim Simons died at the age of 86
#ETFvsBTC #CryptoWatchMay2024 #EarnCommissions #ScamRiskWarning