Monday April 29, 2024

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Your Weekly Update On All Things Crypto

TL;DR

MACRO NEWS

Bitcoin Makes History By Becoming The Scarcest Asset In The World...



After the latest halving, the inflation rate of Bitcoin (BTC) has now dropped to 0.83%, lower than that of gold, making BTC the scarcest asset in history.


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Bitcoin Floats Around $64K As Altcoins See Red...


Despite its best efforts, any attempts Bitcoin (BTC) has made recently to try and recover its price have been unsuccessful, with the asset dropping to $62,400 before bouncing back to around $63,000. Meanwhile, SOL, DOGE, ADA, HBAR, and RNDR are among the weakest performers within a 24 hour period.


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ConsenSys Fights Back Against The SEC And Initiates Legal Action...



ConsenSys has initiated legal action against the U.S. Securities and Exchange Commission (SEC), asserting that the SEC attempting to assert control over Ethereum (ETH) constitutes an unlawful seizure of authority. 

 

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Eminem Gets Involved With Crypto Through New Ad...





Immensely popular American rapper Marshall Mathers, also known as Eminem and Slim Shady, recently teamed up with Crypto.com for their latest advertising campaign.


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Solana Community Looks Forward To Much Needed Update...



Scheduled for May 27th, 2024, Solana (SOL) is poised to unveil the mainnet beta along with a crucial patch aimed at addressing various persistent bugs within the network.


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Popular Crypto Influencer Sentenced To Seven Years In Prison...


Jay Mazini, also known as Jabara Igbara, who claimed to be a crypto millionaire on Instagram, has been sentenced to seven years in prison by U.S. District Judge Frederic Block for wire fraud and money laundering. He must also forfeit $10 million.


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FUNDRAISING ANNOUNCEMENTS

Crypto Fundraising April 16 - 22...



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 April 16 - 22.

  

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CONTENT OF THE WEEK

The Five Most Important Stories This Week

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"The SEC's Crypto Crackdown Is About to Get Absolutely Insane" - Raoul Pal

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Crypto News: Bitcoin, ETH, Toncoin, SUI, CORE, Fed Cuts & MORE!!

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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.