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Crypto Weekly Roundup: SEC Goes After OpenSea, Elon Dismisses Lawsuit, & MORE
The post Crypto Weekly Roundup: SEC Goes After OpenSea, Elon Dismisses Lawsuit, & MORE appeared on BitcoinEthereumNews.com. This week, the SEC turned its attention towards NFT platforms with its Wells notice to OpenSea. Furthermore, a lawsuit against Elon Musk for alleged Dogecoin manipulation was dismissed, and Russia shifted towards cryptocurrency for cross-border trade. Bitcoin remains stagnant as gold and silver surge, while significant developments across DeFi, altcoins, and blockchain technology continue to shape the market landscape. Let’s dig deeper. Bitcoin As Bitcoin continues to meander along a sideways and downward channel, both gold and silver are at or close to all-time and local highs. It appears that the precious metals are leading the way, but Bitcoin is sure to follow soon. DeFi The SSV Network DAO and Ether.fi have announced that they are hosting a Learn & Earn campaign to educate the community about the benefits of Distributed Validator Technology (DVT) for restaking and the importance of decentralizing Ethereum’s base layer. Altcoins A crypto whale who famously bought Solana (SOL) at a mere $2, riding its surge to all-time highs before offloading just before the dramatic 95% crash in 2022, is back in the market, making significant moves this week. The trading platform DTX Exchange is quickly making a name for itself in the crypto space. Pre-sale numbers have already reached over $1.6M, and projections say this number will hit $2M soon. The same trader who foresaw the Mt. Gox catastrophe has warned about Polygon (MATIC), whose market value has declined 27% over the past month. New meme coins and low-cap tokens continue to be in high demand as investors look to maximize their returns in the upcoming bull market. For instance, the new low-cap crypto Base Dawgz has raised over $3 million in its presale. Technology The TON blockchain experienced two significant outages within 24 hours, halting transactions due to an overload from the DOGS token…
The post Crypto Weekly Roundup: SEC Goes After OpenSea, Elon Dismisses Lawsuit, & MORE appeared on BitcoinEthereumNews.com.
This week, the SEC turned its attention towards NFT platforms with its Wells notice to OpenSea. Furthermore, a lawsuit against Elon Musk for alleged Dogecoin manipulation was dismissed, and Russia shifted towards cryptocurrency for cross-border trade. Bitcoin remains stagnant as gold and silver surge, while significant developments across DeFi, altcoins, and blockchain technology continue to shape the market landscape. Let’s dig deeper. Bitcoin As Bitcoin continues to meander along a sideways and downward channel, both gold and silver are at or close to all-time and local highs. It appears that the precious metals are leading the way, but Bitcoin is sure to follow soon. DeFi The SSV Network DAO and Ether.fi have announced that they are hosting a Learn & Earn campaign to educate the community about the benefits of Distributed Validator Technology (DVT) for restaking and the importance of decentralizing Ethereum’s base layer. Altcoins A crypto whale who famously bought Solana (SOL) at a mere $2, riding its surge to all-time highs before offloading just before the dramatic 95% crash in 2022, is back in the market, making significant moves this week. The trading platform DTX Exchange is quickly making a name for itself in the crypto space. Pre-sale numbers have already reached over $1.6M, and projections say this number will hit $2M soon. The same trader who foresaw the Mt. Gox catastrophe has warned about Polygon (MATIC), whose market value has declined 27% over the past month. New meme coins and low-cap tokens continue to be in high demand as investors look to maximize their returns in the upcoming bull market. For instance, the new low-cap crypto Base Dawgz has raised over $3 million in its presale. Technology The TON blockchain experienced two significant outages within 24 hours, halting transactions due to an overload from the DOGS token…
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