Last Week in the Cryptocurrency World: News and Developments
1. Altcoin Attack: Memecoins Are Rising
The cryptocurrency market has been going through an active period lately. There are remarkable developments especially in the altcoin category. The biggest Memecoin projects are on the rise. Additionally, the altcoins listed by the Upbit exchange should also be taken into consideration.
2. Riot Platforms Increases Mining Capacity
Riot Platforms, one of the leading players in Bitcoin mining, is increasing its mining capacity with the purchase of $97.4 million in hardware. This is a significant development in the mining industry.
3. Bitcoin Prediction from Experienced Analyst Peter Brandt
Experienced analyst Peter Brandt, known for his views on Bitcoin, revised his long-term target. It continues to update its predictions according to the changing outlook of cryptocurrency.
4. Total Assets in Lido Dao Exceed 30 Billion Dollars
Ethereum-based liquid staking protocol Lido rose to $30.56 billion in total value locked on February 26. Lido has been showing increased adoption since July 2022.
5. Bybit Report: Which Cryptocurrencies Are Investors Turning To?
Bybit, the third largest cryptocurrency exchange in the cryptocurrency market by transaction volume, discussed the asset distributions of investors in its latest report. It is useful to examine which cryptocurrencies there is interest in.
6. Bitcoin ETF Wind and GBTC
The spot Bitcoin ETF trend in the USA continues unabated. On the first trading day of the week, a net inflow of 520 million dollars was made to ETFs. At the same time, outflows from the GBTC (Grayscale Bitcoin Trust) fund fell to their lowest level.
7. Moves from Tron (TRX) Founder Justin Sun
Tron (TRX) founder Justin Sun has been talked about with his Ethereum moves lately. He attracts attention by sharing his personal HTX wallet and Bitcoin balance.
