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📣📣 Coinstore Crypto Weekly 📣📣

🗓 Weeklong market news at your fingertips 🗓

🔎 1. Ripple Labs Leading the Battle for Crypto: Ripple Labs' CTO David Schwartz, often seen as a guru in the crypto industry, especially among XRP enthusiasts, recently discussed the company's journey and challenges in an interview with The Protocol. Ripple, known for its XRP Ledger and the associated cryptocurrency XRP, faced a prolonged legal battle with the U.S. Securities and Exchange Commission, impacting its ability to attract customers. Despite this, Ripple's win against the SEC has led to significant growth, with over 1,000 projects now on the XRP Ledger, although institutional adoption remains a challenge due to regulatory complexities.

💸2. Grayscale's Bitcoin Movement: Grayscale's Bitcoin Trust (GBTC) has been moving significant amounts of bitcoin, with the latest transfer involving over 19,000 BTC. Since the launch of spot bitcoin ETFs, Grayscale has relocated nearly 113,000 BTC, primarily to Coinbase Prime for sale.

📉3. Massive Bitcoin Accumulation: Amidst the recent price decline of bitcoin, following the U.S. spot ETFs debut, crypto whales are actively accumulating the cryptocurrency. Notably, whales are leveraging trade-weighted average price strategies to purchase large amounts of BTC, contributing to a premium in bitcoin's price on the exchange compared to the global average.

🙅4. Trump’s Opposition to CBDCs: Former President Donald Trump, at a rally in New Hampshire, reiterated his stance against central bank digital currencies (CBDCs), emphasizing the potential threats to freedom and control over personal finances. His comments align with the views of other Republican leaders.

🙅‍♂️5. Hut 8 Corp's Response to Allegations: Hut 8 Corp. (HUT) has vehemently refuted claims made by JCapital Research in a report last week. Hut 8's strong rebuttal highlights the ongoing challenges and controversies faced by firms in the crypto mining industry.


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📣📣 Coinstore Crypto Weekly 📣📣


🗓 Weekly news at your fingertips 🗓


📈1. Wall Street's Crypto Evolution:
The launch of exchange-traded funds (ETFs) in the United States marked a significant moment for both Wall Street and the crypto industry. Grayscale, long dominant in offering Bitcoin exposure, now faces stiff competition from giants like BlackRock and Fidelity, as well as crypto-focused firms like ARK Invest and Bitwise.

💵2. Tether's Profits Surge with T-bills:
Tether, the stablecoin issuer, reported record profits in Q4, largely driven by its investment in United States Treasury bills (T-bills), with an exposure of $72.5 billion.

🔼3. Bitcoin Price Rebounds: Surprising Pro Traders Bitcoin's price rebounded by 11% over eight days, catching many professional traders off guard. Despite expectations of volatility and downward pressure due to various factors including outflows from Grayscale's ETF and concerns over Mt. Gox-related sales, the market stabilized.

🔝4. Solana Network Strength Amid Price Decline:
Despite a decline in Solana's price, the network's activity remains robust, with significant engagement in decentralized applications (DApps) and successful launches such as Jupiter's decentralized exchange (DEX) aggregator.

💥5. FTX Hack Linked to SIM Swap Attack:
Three individuals have been charged in connection with a series of SIM swap attacks, including the $400 million hack of FTX in 2022. The attackers targeted telecom providers to gain access to victims' phone numbers, enabling them to execute the hack.


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📣📣 Coinstore Weekly News Digest 📣📣

🗓 Weekly News Updates! 🗓


🪙1. Bitcoin and Stocks Show Strength
Bitcoin and stocks surge as analysis predicts continued bullish momentum.

⚖2. US Lawmakers Nearing Stablecoin Legislation Agreement
Progress made in negotiations on stablecoin regulation, highlighting the importance of central bank oversight.

🪙3. Solana's TVL Hits 20-Month High
Solana's Total Value Locked surpasses $1.8 billion, signaling potential price gains amid growing defi ecosystem.

🤕4. ERC-404 Hybrid NFT Tokens Advance
ERC-404 developers push for Ethereum standardization, combining fungible and nonfungible token standards.

9️⃣5. 9GAG CEO Buys Stephen Chow NFT
CEO of 9GAG acquires Stephen Chow NFT at premium price, reflecting increasing interest in digital collectibles.

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📣📣 Coinstore Weekly News Digest 📣📣

🗓 Weekly News Updates! 🗓

🪙1. Bitcoin Surge and Market Momentum: Bitcoin surpasses $51,000, driving a rally in related assets. Ethereum hits an eleven-month high at $2,747. Coinbase and Marathon Digital stocks surge, and spot bitcoin ETFs report $1.1 billion in weekly inflows.

🇰🇷2. Korea's N-Po Generation in Web3:
South Korea's N-Po youth seeks opportunity in digital currency amid economic hardship. This 20-39-year-old generation has struggled economically since the 1997 currency crisis.

👊3. Coin Metrics on Bitcoin and Ethereum Security: 51% attacks on Bitcoin and Ethereum is impossible due to high costs. TCA metrics reveal no profitable avenues, marking a significant empirical analysis.

🇪🇹4. Ethiopian Government Explores Bitcoin Mining: The Ethiopian government partners with Hong Kong's Data Center Service in a $250-million project, introducing Bitcoin mining despite the ban on cryptocurrency trading since 2022.

💵5. Rep. Hill Challenges Senator Warren's Digital Asset Bill: Rep. French Hill questions the effectiveness of subjecting digital asset miners and validators to regulations similar to financial institutions.

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🔈 Coinstore Crypto Weekly Insights (Mar 8th) 🔈

1️⃣ Bitcoin becomes the world's 13th largest currency:
Bitcoin exceeded US$69,000 and has recently surpassed the Swiss Franc (CHF) to become the world's 13th-largest currency, with a current market value of $1.2826 trillion, surpassing META Platforms and ranking as the ninth largest asset globally.

2️⃣ Ethereum ranks 21st among global mainstream assets:
Ethereum rose above $3,900 and the current market value was US$461.2 billion, surpassing luxury goods giant LVMH (US$458.7 billion) and ranking 21st among global mainstream assets.

3️⃣ WIF sets record high, ranking 66th on the cryptocurrency market capitalization list:
WIF has surged past $1, hitting a historical high, temporarily trading at $1.71, increased 38% over the week. WIF's total market value (≏US$1.685 billion) surpassed BONK (≏US$1.591 billion), and is currently ranked 66th in the cryptocurrency market value rankings.

4️⃣ SOL rose above $146.13:
SOL rose above $146.13, continuing to hit a new high since May 2022.

5️⃣OP rose to hit $4.60:
OP rose to $4.60, increased more than 17% over the week, setting a record high.

6️⃣ PEPE rises to hit $0.000007798:
PEPE rose to $0.000007985, setting another record high.

7️⃣ Bank of America & U.S. Bank offers Bitcoin spot ETFs:
Bank of America's Merrill Lynch department and Wells Fargo & Co.'s brokerage department are offering Bitcoin spot ETFs to wealth management clients since approval by the U.S. SEC.

8️⃣ Bitcoin spot ETF traded over US$10 billion:
The single-day trading volume of ten U.S. Bitcoin spot ETFs reached US$10 billion on March 5th, setting a new historical record since its release.

*The news provided originates from reputable sources including BlockBeats, Bloomberg, CoinGecko, OKX, and Foresight News.

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🔈 Coinstore Crypto Weekly Insights (Mar 15th) 🔈

🪙 Major coins:
🚩 Bitcoin Exceeded $73,000, Reached All-time High:
Bitcoin is now quoted at US$67,809, and the cumulative trading volume of U.S. Bitcoin spot ETFs exceeded US$100 billion.

🚩 Ethereum Overtakes Walmart Amid Dencun Upgrade:
Ethereum surpassed $4,000, now at $3,685, with a market value of $485.9 billion, ranking 19th globally, surpassing Walmart. Its mainnet reached the Dencun upgrade epoch on March 14th.

🔥 Trending tokens:
🚩 Tokens in the AI sector Hit Record Highs This Week:
Worldcoin (WLD) surged to $10.82; Arkham (ARKM) hit $3.74; Render (RNDR) peaked at $12.12; SingularityNET (AGIX) is at $1.36; Fetch. ai (FET) reached $2.97.

🚩 BRC-20 Tokens Lead with Impressive Gains:
This week, ORDI surged to $81.68, SATS increased to $0.0(6)7, RATS climbed to $0.000439, and MICE saw a remarkable increase to $0.0288.

🚩 Trending Tokens Reach New Highs with Widespread Gains:
Weekly update: BNB briefly exceeded $570, PEPE surpassed $0.00001, WIF surpassed $2.98, PYTH briefly exceeded $0.85, AR broke $41, SOL hit $169.35, and JUP surpassed $0.94.

🖥 Industry News:
🚩 South Africa to Issue Licenses to 60 Cryptocurrency Platforms:
South Africa plans to license about 60 cryptocurrency platforms by March's end, becoming one of the first African countries to require operating permits for digital asset exchanges.

🚩 U.S. Stocks Opened, Crypto-related Stocks Generally Rising:
U.S. stocks opened lower overall, but Coinbase (COIN.O), MicroStrategy (MSTR.O), and Marathon Digital (MARA.O) saw gains.

*The news provided originates from reputable sources including BlockBeats, Foresight News, OKX, and PANews.

🥂 For more updates, kindly follow our channel: https://t.me/coinstore_global

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🔈 Coinstore Crypto Weekly Insights (Mar 22nd) 🔈

🪙 Major coins:
🚩 Bitcoin Has Overtaken Gold in Investors’ Portfolio Allocations:
Bitcoin ETFs now outperform gold in investor preference, with Bitcoin's portfolio allocation 3.7 times greater than gold's when adjusted for volatility.

🚩 Ethereum DEX Hits $2.85B, Tops List:
This week, Ethereum DEX topped with $2.85B, Solana followed at $2.389B, and BSC trailed at $1.7B in transaction volumes.

🔥 Trending tokens:
🚩 BOME Rose and Hit Record Highs:
The Meme token BOME on the Solana chain rose above $0.02689, hitting a record high this week. It is now quoted at $0.01673.

🚩 APT Reaches New High Since February 16th:
APT has broken through the 16 USDT mark, reaching a new high since February 16. The current price is 15.76 USDT.

🚩 ONDO Hit Record High:
ONDO rose above $0.80 to hit a record high of $0.8116, setting a new record high this week. It is now quoted at $0.7252.

🚩 SOL Market Cap Reaches Historic High:
The market capitalization of SOL has broken through the $90 billion mark, currently standing at $90.36 billion, setting a new historical record.

🖥 Industry News:
🚩 Binance Recognized by Taiwan for Collaborative Law-Enforcement Efforts:
Taiwan's Ministry recognizes Binance for fighting virtual asset fraud, the sole global exchange closely collaborating with local agencies, showcasing its commitment to compliance.

🚩 Fed's June Rate Cut Probability: <50% via Swap Market Pricing:
Traders are adjusting expectations for a June interest rate cut by the Federal Reserve due to higher-than-expected inflation, leading to decreased probability as inflation impacts policy decisions.

*The news provided originates from reputable sources including BlockBeats, CoinGecko & Foresight News.

🥂 For more updates, kindly follow our channel: https://t.me/coinstore_global

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🔈 Coinstore Crypto Weekly Insights (Mar 29th) 🔈

🪙 Major coins:
🚩 Bitcoin Surpasses All-Time High:
Bitcoin surged to a record high of $71,000, up 4.39% in the last 24 hours, but has since retreated to $70266.78.

🚩  Ethereum's Brief Dip:
Ethereum briefly dropped below $3,500, currently priced at $3,539.60, with a 2.96% decrease in the last 24 hours.

🔥 Trending tokens
🚩 Base Network's TVL Sets New Record:
Base Network TVL breaks $2.3 billion, hitting an all-time high.

🚩 ETHFI and WIF Hit Historic Highs:
ETHFI surged to $5.5, setting a historical peak. WIF hit a record high of $3.98 this morning, but has now fallen to $3.55.

🚩 Performance of Other Trending Tokens:
Tracking list for capital inflows into the Ethereum network is as follows：MATIC currently priced at $0.9968, with a 1.1% increase in the last 24 hours. CELL currently priced at $2,017.96, with an 8.36% increase in the last 24 hours. AMPL currently priced at $7.203, with a 2.28% decrease in the last 24 hours.

🖥 Industry News:
🚩CME Observations on Federal Reserve:
CME FedWatch: There is an 84.3% probability that the Fed will maintain interest rates in May. The Fed's Bosstick reiterated: Only one rate cut is expected this year.

*The news provided originates from reputable sources including BlockBeats, Foresight News, OKX, and PANews.

🥂 For more updates, kindly follow our channel: https://t.me/coinstore_global

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