✅ We started the week with the bulls failing to reach the Bitcoin price of $64k and then recovering all week after the correction to $59k, during which time meme coins started outperforming the whole market 📈
Weekly news digest:
💎 Crypto
🔸 Peter Todd is named Satoshi Nakamoto in the new HBO documentary, he denies it's him
🔸 The ECB has challenged the idea that stablecoins are a “safe haven” for investors in times of market turmoil
🔸 DOJ charged Gotbit, CLS Global, MyTrade, and ZM Quant with manipulating various crypto markets
🔸 Uniswap DEX announced their own L2 Ethereum rollup, Unichain
🔸 The government of Palau has launched Palau Invest, a “blockchain-based savings bonds prototype system
🏦 Crypto exchanges
🔸 Crypto. com said it sued the U.S. SEC after the regulator sent them a Wells Notice
🔸 Bitget announced that it will update the listing standards, including evaluating ethical risks
🔸 Binance has announced the launch of a pre-market trading platform
💵 Finances and Economy
🔸 Canary Capital files for spot XRP ETF
🔸 Fidelity confirms 77,000+ customer records were hacked
🔸 Investors and analysts expect China to unleash as much as $283 billion in fresh fiscal stimulus
🔸 The U.S. Supreme Court declined to hear a case concerning the ownership of Bitcoin seized from the Silk Road
⚖️ Law and Order
🔸 SEC Commissioner admits their approach to crypto has been "a disaster for the whole industry"
🔸 FBI launched NexFundAI token as bait to bait crypto market manipulators
🔸 The FSC of South Korea has announced that it will investigate the market monopoly structure of Upbit
🔸 Binance executive Tigran Gambaryan has been denied bail
🔸 SEC sues Cumberland DRW for unregistered crypto dealer activities
🗣 Personalities
🔸 Elon Musk has revealed Cybercab robotaxi
🔸 Vitalik Buterin nominated for Nobel Prize in Economics
🔸 Justin Sun is elected Prime Minister of Liberland micronation
🚀 Best performers of the week:
SPX6900 - $0.8636 (↑177.8%)
Neiro - $0.0021 (↑80.7%)
WBT - $15.31 (↑33.3%)