The world of cryptocurrencies will witness an extremely busy and exciting weekend this week. This week was marked by many developments such as Cardano’s stablecoin launch, blockchain-focused events at the SXSW conference, altcoin unlocking and listing news, management and development updates, global events and community engagement. In this article, we will give you a summary of these developments and some prominent details.
It is critical for altcoin projects today
- The fiat-backed stablecoin called USDM is available in 19 US states.
- Many events focused on blockchain and cryptocurrency took place at the SXSW conference held in Austin, Texas.
- Arbitrum unlocked 1.1 billion ARB tokens (approximately 2.2 billion USD), doubling the circulating supply.
- MEXC exchange listed Juice (JUICE), CrazyBunny (CRAZYBUNNY), TonUP (TONUP) and DUKO (DUKO) tokens.
- Uniswap hosted a live chat on Twitter about their L2 research.
- Badger DAO voted on key proposals via Snapshot.
- Cartesi Day Istanbul offered training and knowledge sharing opportunities for blockchain developers.
- Humans.ai engaged with the Turkish community with an AMA (Ask Me Anything) session in Turkish.
- The ETHGlobal London hackathon enabled the development of innovative projects in the Ethereum ecosystem.
- Early access registrations for Rentible Travel Portal will be opened.
- Ethena Labs will integrate USDe with native yield on Manta Network.
- Information about the future of the project will be shared at the SXP (Swipe) X Spaces AMA.
- An announcement will be made from Enjin Coin.
What is the latest situation in the market?
Meanwhile cryptokoin.com As we reported, Bitcoin’s business week also started with a lot of price fluctuations. It first dropped to a low of $67,000 before the bulls took control and started a major rally, reaching a new all-time high of around $73,000. This was just the beginning of a positive week, as BTC briefly surpassed this level on Tuesday. However, the bears are out of the woods at this point. In just a few hours, Bitcoin fell below $69,000.
More fluctuations followed, this time in the opposite direction. Bitcoin hit an all-time high of almost $74,000 on Thursday. The rejection scenario was repeated once again. This time, BTC dropped nearly $8,000 and hit a one-week low below $66,000. It began to recover shortly thereafter and even briefly surpassed $70,000 overnight but was unable to overcome that level. As of now, BTC is trading just above $69,000.
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