Here’s a summary of the latest news in the cryptocurrency world:
Market Overview: The global cryptocurrency market capitalization has seen a slight increase of 0.2%, currently valued at $2.68 trillion1.
Top Coins: Most of the top 100 coins are down, with Fetch.ai (FET) experiencing the largest drop of 4.7%, now trading at $1.68. FLOKI follows with a decline of 4.5% to $0.00026951.
Crypto Fashion: Top brands like Gucci and Nike are exploring fashion in the Metaverse, indicating a growing trend of digital fashion and NFTs1.
Regulatory News: The Chinese government has sentenced a criminal gang for laundering money using the digital Yuan, highlighting increased scrutiny on crypto for illicit activities1.
Investment News: Metaplanet’s stock surged after the company’s third million-dollar Bitcoin purchase, showing continued interest from institutional investors1.
Consumer Protection: The US FTC has warned consumers about the rise in ‘Pig Butchering’ crypto scams, emphasizing the need for vigilance in the crypto space1.
Exchange News: Crypto exchange Zipmex lost its Thai license amidst financial strain, reflecting the ongoing challenges faced by crypto exchanges1.
Blockchain Innovation: Nexus raised $25M in Series
A funding for zero-knowledge cryptography, a technology that enhances privacy and security in blockchain transactions