Regulation
The chair of the Financial Services Committee will still serve another year, but key crypto legislation seems set to falter.
Bitcoin
The congestion on the Bitcoin network is currently at the highest level it’s been since the 2017 bull run.
Business
Coinbase Wallet users can now send funds through any platform that they can share a link through, with no fees for sending USDC.
The memecoin, which stems from the protocol that essentially brought NFTs to Bitcoin, has joined the BTC rally.
NFTs
NFTs are not dead, these are instead experiencing a resurgence in trading volume following a two-year low.
On-chain data shows that a wallet address linked to FTX has been unstaking millions of dollars-worth of SOL and transferring it to crypto exchange Coinbase.
Bitcoin led the inflows into digital asset investment products last week, followed by Ethereum and blockchain equities.
BTC crossed $42,000 for the first time since April 2022 amid rising market optimism that a spot bitcoin ETF would receive approval.
Bitcoin breached the $40,000 mark for the first time in 18 months following dovish comments from the Federal Reserve and continued optimism about a potential spot Bitcoin ETF approval in January 2024.
DeFi
The Arbitrum community passed a proposal to disburse millions of extra dollars towards projects that have been approved but not funded by its STIP.
