After the drama caused by the rate last week, this was a relatively quiet week in Crypto. Bitcoin remained stable around $ 84k. The Coendesk 20, which tracks around 80% of the market, increased approximately 4% in the last seven days, that is, nothing historical.
Still, many happened. On Tuesday, much of Crypto was disconnected due to a technological problem in AWS, which shows how the decentralized economy is not always so decentralized. Shaurya Malwa reported early news. Bitcoin and other important crypts raised bad news for Nvidia, Omkar Godbolole reported.
Mantra, a project focused on real world assets, lost 90% of its value. The varied explanations (the company said it was due to “force settlements” exchanges).
Meanwhile, Eigenlayer, a replacement leader, launched a “cut” feature aimed at addressing security concerns (Sam Kessler reported). OKX, an important change, announced plans to establish in California after a $ 500 million agreement with the claims that previously operated in the US. UU. Without a money transmitter license. Cheyenne Ligon had that story.
In less good news, Kraken fired the “hundreds” of the staff before an expected opi. And Coinbase was involved in a “frontal controversy” linked to a curiously named token on its L2 base. Privacy defenders reacted with alarm to rumors that Binance was about to eliminate ZCASH after a long decrease in the value of privacy currencies.
In DC News, Jesse Hamilton reported a new wave of cryptographic lobbyists who flooded the capital. Some asked if there are now too many commercial groups and if everyone really could be effective.
Friends with benefits, a Buzzy social club for creative technologists, launched a new program to create web3 products for music, film, publication and other fun activities. (I wrote that.)
Of course, it was happening a lot in the economy and markets (Trump’s disgust by the president of the Fed, Powell, fed on the concern). But, in Crypto, he was always as always. Fortunes won, lost fortunes, deferred fortunes.
