Monday May 6, 2024

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Your Weekly Update On All Things Crypto

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MACRO NEWS

Chainalysis And Tether Team Up To Combat Illicit Activity...



Tether (USDT) has partnered with blockchain data platform Chainalysis to oversee activity in secondary markets and combat unlawful behavior. 


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Meme Coins Continue To Flourish As Bitcoin Looks To Regain Momentum...

Bitcoin (BTC) is experiencing a continued resurgence as it reached over $63,000 earlier this week. Meanwhile, the leading meme coin, DOGE, has seen a surge of over 12% in the last 24 hours. Most alternative coins (altcoins), including the famously volatile meme coin category, have similarly experienced significant gains.


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Biden Administration Makes Boneheaded Remark On Bankruptcy...


In a newly released documentary titled Finding the Money, Jared Bernstein, the Chair of the Council of Economic Advisers and a key economic policy advisor to President Biden, stirred controversy with his remarks regarding the US and their monetary capabilities.

 

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Synthetix Founder Believes Meme Coins Can Be Very Valuable...





Trading in meme coins can significantly benefit decentralized exchanges (DEXs) by drawing in a large number of non-traditional DeFi traders, according to Kain Warwick, the founder of Synthetix. 


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Worldcoin Continues To Go Global By Expanding Into Mexico...




Worldcoin, the ambitious cryptocurrency venture co-founded by Sam Altman of OpenAI, is extending its reach into Latin America. 


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Coinbase Finally Integrates The Bitcoin Lightning Network...


Coinbase has recently integrated support for the Bitcoin Lightning Network, a solution facilitating faster and more affordable BTC transactions. Despite its inception in 2017, Coinbase has just now embraced this enhancement to its platform.


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FUNDRAISING ANNOUNCEMENTS

Crypto Fundraising April 23 - 29...



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 23 - 29.

  

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CONTENT OF THE WEEK

Powell Dismisses Inflation Concerns

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Bitcoin tops $61,000 after weaker-than-expected April jobs report: CNBC Crypto World

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Crypto News: BTC, ETH ETFs, Stablecoins, PEPE, HBAR & 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.