Navigating the Key Milestones in Cryptocurrency this Week
Unpack a week of pioneering strides in blockchain and crypto, setting new standards and expanding possibilities in the digital domain.
Spot Bitcoin ETFs Trading Volume Soars in March
March witnessed a significant surge in trading volumes for spot bitcoin ETFs, reaching $111 million, nearly tripling February’s figure of $42.2 billion.
Memecoins Face Sharp Decline Amidst Bitcoin Downturn
The memecoin sector on Solana and Coinbase’s Ethereum layer-2 Base has experienced significant drops, with market capitalizations falling 12% and 19% respectively in just 24 hours. This downturn aligns with Bitcoin’s recent 4.94% price drop, signaling a broader market adjustment.
Hong Kong Teen Rescued After Crypto-Related Assault
In a distressing incident in Hong Kong, a 19-year-old was allegedly assaulted over crypto trading profits, leading to the arrest of three teenagers. The incident occurred in a Harbour Grand Kowloon Hotel room, where a group gathered ostensibly for crypto trading. The victim was reportedly coerced by nine individuals to relinquish HK$180,000 (~$23,000) in crypto earnings.
ChatGPT Removes Another Barrier to Human-AI Interaction
In a move to broaden the accessibility of its popular generative AI tool, OpenAI has announced that users will no longer need to create an account to use ChatGPT3.5. This change, effective from April 1, aims to simplify the process for individuals to explore the capabilities of AI.
Coinbase Partners with Lightspark for Bitcoin Lightning Integration
Coinbase is gearing up to enhance its Bitcoin transaction capabilities through an upcoming integration with the Bitcoin Lightning Network.
In collaboration with Lightspark, an enterprise-focused Lightning solution spearheaded by David Marcus, a former PayPal president, this strategic partnership aims to revolutionize the way Coinbase’s vast user base interacts with Bitcoin.
Pro-XRP Lawyer John Deaton Accuses Senator Elizabeth Warren of Concealing SBF Fraud Activities
John Deaton, running for the Massachusetts Senate and a staunch XRP supporter, has accused Senator Elizabeth Warren of hiding fraudulent acts linked to Sam Bankman-Fried (SBF) of FTX. Deaton, a Republican, asserts that Warren, a Democrat, neglected to probe SBF’s connections with key figures, despite his ongoing trial and political contributions. This accusation comes amidst Deaton’s campaign against Warren’s cryptocurrency policies.
Ripple Sets Eyes on Stablecoin Market with USD-Backed Offering
Ripple is venturing into the stablecoin arena, planning to introduce a U.S. dollar-backed digital currency to rival industry giants like Circle and Tether.
With an evaluation of the stablecoin market at $150 billion, Ripple’s CTO David Schwartz sees significant potential for diversification and growth. After deliberating for over a year, Ripple is now poised to capture market share within the next five years, signaling a strategic expansion in its digital asset offerings.
