Market Updates

Weekly Insights 5/2/2024

Bitcoin Approaches Trillion Dollar Valuation Bitcoin's price surge above $47,000 brings its valuation close to $1 trillion, boosted by changing ETF flow dynamics. This milestone reflects increased investor confidence and a bullish outlook for the cryptocurrency. Ethereum Hits Milestone with 25% of ETH Supply Staked A quarter of Ethereum's total supply is now staked on […]
SEC's Rollercoaster Week: Hacking Incident and Bitcoin ETF Approvals A busy week for the SEC began with their X account being hacked, falsely announcing Bitcoin ETF approvals after a SIM swap attack and weak 2FA security. However, in a true turn of events, the SEC officially greenlit 11 spot Bitcoin ETFs. Notably, BlackRock's Bitcoin ETF […]
Worldcoin Integration with Minecraft, Reddit and More Worldcoin has announced that ‘World ID 2.0’, an updated version of World ID, will be integrated with Minecraft, Reddit, Telegram, Shopify and Mercado Libre. This new update will allow users to authenticate that they are human, as opposed to AI, on any of the aforementioned sites.  Ethereum Energy […]
Crypto Sees Bull Run The past week has seen a $176 million inflow into digital asset investment products, finalising the highest 10-week inflow the market has seen since 2021. At the same time, Bitcoin officially surpassed $41,000. This crypto bull run is speculated to have arisen from a variety of factors, amongst these being the […]
J.P. Morgan tests Tokenised Funds J.P. Morgan business unit Onyx Digital Assets, Apollo and several blockchain firms have collaborated to develop a Proof of Concept (PoC) system. This system allows fund managers to tokenise funds so that wealth managers can then purchase and rebalance positions in them. According to the head of Onyx Digital Assets […]
Sam Bankman-Fried Unanimously Found Guilty on All Counts Former FTX CEO Sam Bankman-Fried has officially been found guilty of fraud and money laundering. US attorney Damian Williams argued that “[he] perpetrated one of the biggest financial frauds in American history - a multibillion-dollar scheme designed to make him the king of crypto”. The decision was […]
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