The most notable highlights in crypto from the last week include Tesla moving over 11,500 bitcoins and the launch of CrossFi's mainnet, which aims to bridge decentralized and traditional finance.
Other key updates include rising interest in BlockDAG's presale, Venmo's new crypto partnership, and a lawsuit filed by Fracture Labs against Jump Trading. Let’s dig deeper.
Bitcoin
On Tuesday, wallets associated with the electric car giant Tesla shifted over 11,500 bitcoins to undisclosed addresses, according to data from crypto analytics firm Arkham Intelligence.
DeFi
The cryptocurrency landscape is set for a seismic shift with the CrossFi mainnet launch as it promises to bridge the longstanding divide between traditional finance and the burgeoning world of decentralized systems.
Altcoins
BlockDAG is making big waves in the crypto presale scene with tremendous buzz from big backers, showing huge interest, especially since its test network launched. It has already racked up an impressive $99 million and is nearly at $100 million.
Market experts have suggested that the hybrid trading platform DTX Exchange is displaying an ascent similar to Solana (SOL). Investing in DTX Exchange is now similar to getting Solana (SOL) as low as $15, as both have identical accent patterns.
Near Protocol ($NEAR) and THORChain ($RUNE) look to have made bottoms against Bitcoin and could outperform as the bull market gets into gear.
Mog Coin has emerged as one of the top-performing cryptocurrencies in the ongoing meme coin supercycle, with $MOG posting the 3rd highest gains of any top 100 cryptocurrency in the past seven days.
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Business
Venmo, the popular payment service under PayPal, has partnered with the crypto platform MoonPay, enabling Venmo’s 60 million active monthly users to purchase cryptocurrencies seamlessly without the need for additional accounts or payment details.
NFT
Dr Green has unveiled the Dr Green Digital Key NFTs, which provide a rare and exclusive opportunity for buyers to plug directly into Dr Green's multi-million-dollar cannabis company, bringing together the cannabis distribution and blockchain technology industries.
Web3
Web3 gaming platform and publisher Saakuru Labs and memecoin platform Memecore launched a $10 million web3 gaming investment fund to invest in and acquire memecoin communities and games to integrate them into the Saakuru and Memecore ecosystems.
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Chromia, the general-purpose blockchain that utilizes relational databases, has expanded the use cases it hosts with the news that Phlomis Finance is building on its Layer 1, which will bring tokenized real-world assets (RWAs) onchain.
The decentralized and artificial intelligence-powered portfolio management protocol SingularityDAO has announced that it is merging with Cogito Finance, a specialist in real-world asset tokenization, and SelfKey, a key player in decentralized identities, to create a new entity called Singularity Finance.
Security
Fracture Labs, the developer behind the online game Decimated, has filed a lawsuit against Jump Trading, accusing the market maker of engaging in a pump-and-dump scheme involving its DIO token.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
