Monday May 20, 2024

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Your Weekly Update On All Things Crypto

TL;DR

MACRO NEWS

Chinese Authorities Initiate Crackdown On Massive Operation Linked With Tether...



Chinese law enforcement authorities have made a significant breakthrough in their efforts to combat illegal financial activities. 


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Bitcoin Tries To Recover After Turbulent Few Weeks...




Bitcoin (BTC) has continued its impressive climb, reaching over $67,400 yesterday, the highest it has been in over a month.


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Allegedly Misled NFT Buyers Furious With Dolce & Gabbana...



A customer recently initiated a lawsuit against Dolce & Gabbana USA on Thursday, alleging that the NFTs they acquired lost 97% in value due to a mishandled delivery on part of the company. 


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Geothermal Energy Investment Pays Off For El Salvador As The Country Mines Over 470 BTC...




El Salvador has extracted 473.5 Bitcoin (BTC) in the past three years by harnessing the geothermal power of the Tecapa volcano, as reported by Reuters earlier today.


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Sexual Misconduct Claims Lead To Eclipse CEO Being Replaced...



Neel Somani, the initiator behind the Ethereum (ETH) layer-2 blockchain Eclipse, has stepped down as CEO amidst accusations of sexual misconduct.


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GameStop Meme Coin Skyrockets As Solana Experiences Significant Gains...


Meme coins could be on the rise once more as GameStop recently saw its share price double between the period of when it closed on Friday and opened on Monday, prompting trading of GME to be paused nine times due to volatility.


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FUNDRAISING ANNOUNCEMENTS

Crypto Fundraising May 7 - 13...



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 May - 13.

  

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CONTENT OF THE WEEK

Crypto News: Bitcoin, ETH ETFs, AI Crypto Rally, AKT, TON & MORE!!

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Crypto Bull Run Guide - Huge Hidden Danger For Investors

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Bitcoin rises above $65,000 after CPI report shows inflation easing in April: 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.