This week’s top stories from the crypto world include claims of Satoshi Nakamoto’s identity being revealed, Ripple facing a new chapter in its legal battle with the SEC, and Bitcoin holding strong above $60,000. Let’s dive deeper into these updates.
Bitcoin
A new HBO documentary has shockingly claimed to have identified the mysterious creator of Bitcoin, Satoshi Nakamoto, in a revelation that could potentially send shockwaves throughout the crypto markets.
Amid Middle Eastern tensions, Bitcoin has taken a dip, but the horizontal support at $60,000 has held firm thus far.
Altcoins
Iran’s attack on the Israeli military bases has escalated tensions between Iran and Israel, adding fuel to the fire of an impending third World War. These tensions have had a massive impact on the crypto landscape, causing a crash in the meme coin rally.
In a move that’s sending shockwaves through the altcoin community, a PEPE millionaire has shifted course, abandoning meme tokens like BONK and WIF to embrace a strategic play involving a promising Solana competitor.
A legendary crypto investor who made $50 million in the last bull cycle has revealed his top pick for 2024 as the new ETF token, ETFSwap (ETFS), and ignited a frenzy on the coin.
Following an uptrend that lasted only a few days, investors are beginning to exit their positions in Solana (SOL) and Dogecoin (DOGE) and turning to a new AI coin in the crypto market, which is set to achieve a 1,550% growth in the near future.
BlockDAG has captured headlines with a record-breaking $3 million raised within a day of its presale, following the successful debut of its testnet.
Pepe Unchained (PEPU) is quickly establishing itself as one of the best new cryptos to buy now after hitting the $17.3 million mark in its presale, partly due to heavy investments from whales.
According to crypto millionaire Millennial, Bonk (BONK) and Mpeppe (MPEPE) are two must-have tokens for 2024. While Bonk (BONK) captures the speculative appeal of meme coins, Mpeppe (MPEPE) is a more utility-driven asset.
Investors have recently fled high-risk assets like Dogecoin (DOGE) and PEPE, choosing instead to invest in the newly launched meme coin MoonTaurus (MNTR), which is currently in its presale stage at $0.01.
With Bitcoin (BTC) possibly beginning a comeback, the rest of the cryptocurrencies are also starting to turn back into the green. Among the more fundamentally strong altcoins are Binance Coin ($BNB), Kaspa ($KAS), and Render ($RENDER).
Plus Wallet excels with its “Swap to Earn” option, which rewards users for transactions, surpassing OKX Wallet and KUNA Pay with advanced payment features.
Web3
Swiss-based private equity tokenization company Aktionariat AG partners with INX Digital Company, Inc., a leading tokenized assets marketplace, to bring the former’s assets to its fast-growing marketplace.
Regulation
The U.S. Securities and Exchange Commission (SEC) has filed a notice of appeal against the ruling in its legal battle with Ripple Labs concerning the status of XRP as a security.
Bitwise Asset Management has registered a trust entity in Delaware, potentially signaling plans to file for a spot XRP ETF despite existing regulatory hurdles with the SEC.
Ohio Senator Niraj Antani has introduced a bill that would allow residents to pay state and local taxes using cryptocurrencies, including Bitcoin.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.