Crypto Community Lambastes Sweeping Tax Proposal...

The recently revealed tax plan for crypto gains in the United States faced criticism by the crypto community right after its release. The objections came particularly via individuals connected to decentralized operations categorized as brokers.

BTC Daily RSI Reaches Most Oversold Level Since 2020 Covid Crash...

In the rapidly changing realm of crypto trading, the RSI (Relative Strength Index) is a valuable instrument used by traders and investors to assess the momentum of any given asset. A recent occurrence has set the stage for a significant market event, as the daily RSI of Bitcoin has fallen to levels not witnessed since the crash caused by COVID-19 in March 2020.

AI Tokens Experience Surge In Value Subsequent To Latest Nvidia Financial Report...

Cryptocurrencies linked to AI have shown significant progress after chip manufacturer Nvidia Corp released its impressive Q2 earnings report for fiscal year 2024. This surge in the AI tokens has added to the overall enthusiasm within the AI industry, which has been flourishing since last year.

Popular Meme Coin Gets Shrouded In Controversy...

As per information provided by the official PEPE Twitter account, certain members of the PEPE core team have allegedly sold around 16 trillion tokens (equivalent to $16 million) without prior notice.

Millions Lost As Magnate Finance Initiates Rug Pull...

Magnate Finance, a popular lending company operating on the Ethereum Layer 2 network Base, appears to have conducted an exit scam, absconding with approximately $6.4 million.

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INDUSTRY EVENTS

CONTENT OF THE WEEK

Another Country Is Mining Bitcoin?!

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PAYPAL Stablecoin Takeover?! What PYUSD Means For Crypto!!

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Something MAJOR Could Happen This Week

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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.