Monday Dec 2, 2024

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Your Weekly Update On All Things Crypto

TL;DR

Welcome to this week's edition of CryptoWeekly Recap, your one-stop destination for the most exciting developments in the world of crypto and blockchain!


From major market shifts to game-changing regulatory news, we’ve got the top stories covered so you can stay ahead of the curve.


Whether you're a seasoned investor, developer, or just crypto-curious, we got you covered.


In this issue, we dive into:


MACRO NEWS

AI Agents Continues To Flourish As Numerous Tokens Soar...



As the world continues to embrace technological advancements, the cryptocurrency market has seen a massive surge in tokens associated with Artificial Intelligence (AI) projects.


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Bitcoin Floats Around $97K As Trump Urges BRICS Nations To Use USD...



The cryptocurrency market is currently navigating an intriguing phase. Several altcoins are gaining momentum, gradually diminishing the dominance exhibited by Bitcoin (BTC), which is stabilizing around the $97,000 mark.


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Elon Musk Will Utilize DOGE Department To Audit The IRS...


According to Odaily, market sources have revealed that Elon Musk has announced that the U.S. Government Efficiency Department (DOGE) will carry out an audit of the Internal Revenue Service (IRS).


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Coinbase USDC Earn Program Will Stop Catering To EEA Users On December 1st...


Starting December 1st, 2024, Coinbase will stop offering rewards to users in the European Economic Area (EEA) for holding USDC on its platform, in response to the upcoming European Union Markets in Crypto-Assets (MiCA) regulations.


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Bitwise Officially Files For Bitcoin And Ethereum ETF...




Bitwise Asset Management has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin-Ethereum exchange-traded fund (ETF). 


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Kraken Will Shut Down Its NFT Marketplace By February 2025...


Kraken recently revealed plans to shut down its NFT marketplace by February 27th, 2025. Starting November 27th, the exchange will suspend most services related to the marketplace, including bidding, listings, and NFT sales.


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FUNDRAISING ANNOUNCEMENTS

Crypto Fundraising November 19 - 25...


It has been an incredible week for companies around the globe in terms of securing funding to fuel their growth and innovation. Here are some of the latest investment highlights between November 19 - 25.

  

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CONTENT OF THE WEEK

What Happens When Bitcoin Hits $100,000?!

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"Bitcoin Will Rocket Straight Past $100K to..."

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How the crypto industry's $245M in donations reshaped Washington: CNBC Crypto World

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.