It was a week quite positive for the crypto as prices increased, the big offers were signed and the stablecoins continued to penetrate deeply into the financial system. Even ETH, a perennial descent recently, increased sharply, reaching nearly $ 2,300 at the time of the press.
The Coindesk 20, a barometer from the entire market, has increased by 15%-more since Monday.
Bitcoin was close to ATH levels this week on the back of the more positive news of “trade”. The lowering positions were liquidated and the FNB flows were increasing, reported Omkar Godbole.
The resurgence of ETH may have had something to do with its Pectra upgrade, which went without hitching (like Ethereum upgrades tend to do it). Pectra will facilitate stimulation (and larger) and increase efficiency. Margaux Nijkerk, our Ethereum journalist, had the news.
Coinbase has signed the greatest acquisition in the history of cryptography, an agreement of 2.9 billion dollars for Deribit, a pioneer of crypto options. Wall Street analysts have said that Coinbase is now a real actor in derivatives, competing with Binance.
However, the agreement could not increase the course of the Coinbase action, which took a hit on the profits of the first quarter of the price. Helene Braun wrote on this subject.
About these stablescoins… Meta (formerly Facebook) seems ready to join the integration party; Just like Stripe. But the Democrats of the Senate block the bill on stables, citing concerns about many dubious Crypto Trump companies. This delay could in turn affect the calendar for a more complete “market structure” bill.
The New Hampshire (“Live Free or Die”) signed the first law on the cryptography reserve of the United States. Many others should follow, said Jesse Hamilton.
Meanwhile, Strike, which started as a Bitcoin wallet, announced its intention to embark on Bitcoin -based loans. Many expect the Bitcoin credit market to develop from here.
This occurred the same week, another lender from Bitcoin – the disgrace founder of Celsius, Alex Mashinsky – was sentenced to 12 years in prison for securities fraud linked to the last cycle. Hopefully Bitcoin loans will work better this time.
