After the drama of last week’s price, it was a relatively silent week in crypto. Bitcoin remained stable around $ 84,000. The Coindesk 20, which follows around 80% of the market, has increased by around 4% in the last seven days-that is to say nothing historic.
However, many happened. On Tuesday, a large part of the crypto was offline due to a technological problem at AWS, showing how the decentralized economy is not always as decentralized. Shaurya Malwa reported the early news. Bitcoin and other great cryptos have slipped bad news for Nvidia, Omkar Godbole reported.
Mantra, a project focused on active world, has lost 90% of its value. The explanations varied (the company said that it was due to exchanges of “liquidations of force”).
Meanwhile, Eigenlayer, a replenishment leader, has deployed a “slashing” functionality intended to respond to security problems (reported Sam Kessler). OKX, a major exchange, announced its intention to settle in California following a regulation of $ 500 million with the SEC on the complaints which it previously operated in the United States without a silver issuer license. Cheyenne Ligon had this story.
In fewer good news, Kraken dismissed “hundreds” of staff before an expected IPO. And Coinbase was involved in an “controversy in execution” linked to a token curiously named on its L2 base. Privacy defenders reacted with alarm to rumors that Binance was about to put Zcash following a long drop in the value of confidentiality.
In DC News, Jesse Hamilton reported a new wave of cryptographic lobbyists flooding the capital. Some asked if there were too many commercial groups now and if they could really be effective.
Friends With Benefits, a Buzzy social club for creative technologists, has launched a new program to create web3 products for music, cinema, publishing and other fun activities. (I wrote this one.)
Of course, there were a lot in the economy and the markets (Trump’s disgust for the president of the Fed Powell fueled the discomfort). But, in crypto, it was pretty much as usual. Fortune has won, fortune has lost, fortune has postponed.
