Ross Ulbricht's pardon, Tornado Cash sanctions lifted, and the SEC's new crypto group — read about all this and more in BeInCrypto's weekly review. Find out what events have affected the market in recent days!
Cryptocurrency Market: Trends
Leading cryptocurrencies demonstrated mixed results this week.
Ethereum (ETH) fell by 2.57%, dropping to $3,316. Despite this, BeInCrypto analysts believe that ETH is ready for a new surge and can overcome the $3,500 level.
Dogecoin (DOGE) showed the largest losses among the top 10, dropping by 9.60% to $0.3514.
Tron (TRX) was among the leaders of growth, rising by 4.25% to $0.2514.
Current cryptocurrency rates are available in our calculator!
News from Russia
State Duma deputies proposed launching a meme coin in honor of Vladimir Zhirinovsky.
‘Rosseti’ announced plans to reduce electricity tariffs for miners.
‘KAMAZ’ and ‘Sber’ announced a digital investment product with an annual yield of up to 21.75%.
Currently, the Bitcoin exchange rate in rubles exceeds 10.26 million.
Trump and the crypto industry
Donald Trump pardoned Ross Ulbricht, which sparked lively discussions in the crypto community.
An order has been signed to create a group for the development of the cryptocurrency sector.
Project ‘Stargate’ valued at $500 billion with a focus on AI has already triggered a rise in AI token prices.
Melania Trump launched a meme coin that outperformed $TRUMP
BNB11.967-7.74%-token in popularity.
Regulators and markets
The SEC has created a crypto group to address regulatory issues.
A Texas court lifted sanctions on the crypto mixer Tornado Cash.
Grayscale announced plans to launch an ETF based on Solana and Litecoin.
New projects
A new airdrop of the JUP token has started on the Solana platform, which caused a temporary drop in price.
$TON blockchain officially became a partner, which was a key piece of news for platform users.