It was quite a rollercoaster for the crypto world last week. From bold legal moves to debunking common misconceptions, the world of digital currencies continues to surprise us. Here’s a quick recap of the biggest stories that unfolded over the weekend.
Grayscale Files For Ether Futures ETF
Following their court victory against the SEC, Grayscale Investments are testing the waters with a new exchange-traded fund (ETF). This time, the fund will be centered on Ethereum futures ETH/USD. The application was filed under the Securities Act of 1933, the same regulation that governs commodities and spot Bitcoin ETFs. Read the full article here.
Cryptocurrency: A Real Technology, Not a Scam
Caitlin Long, founder and CEO of Custodia Bank, spoke to Benzinga to address concerns about the legitimacy of cryptocurrencies. She drew parallels to the tech bubble and emphasized that the crypto market is in a phase of refinement and maturation. Read the full article here.
Tron Hits $1B in USDT
The Tron Network celebrated a significant milestone last week as it hit 1 billion USDT. Founder Justin Sun made the announcement via Twitter, proclaiming Tron TRX/USD as the “king of USDT.” Read the full article here.
Elon Musk’s Dog-Inspired Coin Tops Meme Coin Gains Chart
Floki, a coin named after Elon Musk’s dog, is outperforming other top meme coins like Dogecoin DOGE/USD and Shiba Inu SHIBA/USD. Since its integration into LaborX, one of the leading platforms for crypto and Web 3 jobs, Floki has seen an increase of 96% since the beginning of the year. Read the full article here.
Anthony Scaramucci Stays Bullish on Bitcoin
SkyBridge Capital founder, Anthony Scaramucci, expressed his optimism for Bitcoin BTC/USD at the Messari Mainnet conference. He encouraged Bitcoin holders not to sell, stating that the worst of the bear market is behind us. Read the full article here.
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