Monday October 16, 2023

Your Weekly Update On All Things Crypto

TL;DR

International Tensions Result In Decline For Bitcoin And Crypto
New Crypto Bill Announced By Governor Newsom For 2025
Mehen Protocol Offers Valuable Insights Into The USDM Initiative
USDR Loses Its Peg To The US Dollar
SBF Will Not Be Allowed To Use Anthropic As Leverage, As Per The DOJ
Crypto Fundraising October 3 - 9

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MACRO NEWS

International Tensions Result In Decline For Bitcoin And Crypto...

Bitcoin recently experienced a 1.2% decline, reaching slightly above $27,000. Investor confidence in riskier assets waned due to escalating tensions in the Hamas-Israel conflict.

New Crypto Bill Announced By Governor Newsom For 2025...

California Governor Gavin Newsom has sanctioned a new cryptocurrency bill, introducing more stringent regulations for businesses engaged in crypto-oriented activities. The bill is set to take effect in 18 months on July 1st, 2025.

Mehen Protocol Offers Valuable Insights Into The USDM Initiative...

Cardano currently lacks a stablecoin backed by traditional currency and relies on algorithmic stablecoins like DJED to support its DeFi ecosystem. The solution to this may have arrived in the form of USDM.

USDR Loses Its Peg To The US Dollar...

Real USD (USDR), a stablecoin backed by tokenized real estate, experienced a significant loss of its value, dropping to nearly $0.5 on Wednesday, breaking its peg to the United States Dollar (USD).

SBF Will Not Be Allowed To Use Anthropic As Leverage, As Per The DOJ...

Prosecutors argue that Sam Bankman-Fried, the founder of FTX, should not be allowed to mention the recent fundraising activities of Anthropic in his defense against charges brought by the U.S. Department of Justice.

Crypto Fundraising October 3 - 9...

On behalf of the Web3 community, we would like to extend our warmest congratulations to the companies that announced their success in fundraising between 3rd October and 9th October 2023. We are thrilled to see such tremendous support from all involved. Well done!

INDUSTRY EVENTS

CONTENT OF THE WEEK

Which Exchanges Are SAFE & Which Are The NEXT FTX?!

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BREAKING: SEC GIVE UP ON FIGHT AGAINST BITCOIN ETF!!!

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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.