Dive into this week’s crypto rollercoaster where Bitcoin’s price leaps, NFTs go prime time with The Simpsons, and digital collectibles see a trading frenzy.
Bitcoin Hits $37k as Bullish Sentiments Continue
The World’s leading Cryptocurrency continued it’s ascent as it hit the $37k mark on Thursday, in a week that has seen other top currencies like Solana and XRP continue their upward trend
Binance Unveils Multi-Chain Web3 Wallet
Binance has launched a new Web3 wallet designed to function across 30 blockchain networks. The announcement, made during the Binance Blockchain Week conference in Istanbul, marks the exchange’s deeper foray into the decentralized finance ecosystem, broadening the accessibility and interoperability for users worldwide.
BlackRock Files for Ishares Ethereum Trust
$9 trillion asset manager BlackRock filed for an iShares Ethereum Trust on Thursday, as indicated on the Delaware Department of State Division of Corporations website 🌐.
MicroStrategy’s Bitcoin Investment Hits $1B Unrealized Profit
MicroStrategy, guided by Michael Saylor’s bullish stance on Bitcoin, has accrued an unrealized profit of $1B, with its holdings potentially set to expand pending Bitcoin ETF approvals.
The firm anticipates further growth fueled by the 2024 Bitcoin halving event, which Saylor predicts will catalyze another significant rally in BTC’s price and historical impact.
Ubisoft Ventures into Web3 Gaming with Immutable Partnership
Ubisoft, the gaming giant behind Assassin’s Creed, is joining forces with Immutable to develop a unique “Web3 gaming experience.”
Leveraging Immutable X’s layer-2 blockchain, already popular with NFT games like Gods Unchained, Ubisoft aims to explore the extensive potential of Web3 in gaming.
Fed Vice Chairman Calls for Regulation of Stablecoin Issuers
Michael Barr, Vice Chairman for Supervision at the U.S. Federal Reserve, has underscored the urgent need for federal regulation of stablecoin issuers. Amid legislative debates in the U.S. House of Representatives, Barr’s stance adds significant weight to calls for stricter oversight within the stablecoin sector, seen as a critical move to ensure financial stability and legal compliance.
NFT Market Daily Trading Volume Hits Three-Month High
The NFT marketplace is witnessing a resurgence, with daily trading volumes soaring to a three-month high. On Monday, trades for JPEGs and other tokenized assets reached $19.1 million, marking a significant uptick in activity.
US lawmaker proposes to cut SEC chair Gary Gensler’s salary to $1
Rep. Tim Burchett has put forth a proposal to reduce SEC Chair Gary Gensler’s salary to just $1 per year as part of a wider effort to defund the regulator.
This move is incuded in the Financial Services and General Government (FSGG) bill, which aims to cut government spending.
The Simpsons Take a Dig at NFTs, Crypto in ‘Treehouse of Horror’ Episode
The Simpsons featured non-fungible tokens (NFTs) and blockchain in their Halloween special episode, “Treehouse of Horror 34.”
The episode, titled “Wild Barts Can’t Be Token,” humorously tackled the overvalution of on-chain NFTs, making witty references to the crypto-world.