📣📣 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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