BENCHMARK
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | $30352 | 1.34% |
| ETHEREUM | $2080 | 1.37% |
CRPTO STATS(24H)
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $1.32 T | 0.70% |
| TRADING VOLUME | $61.50 B | 0.32% |
TOP 5 GAINER
| Indices | LTP | Change (%) |
|---|---|---|
| MobieCoin | $0.000060 | 254.13% |
| Minds | $0.31 | 230.69% |
| Friendz | $0.00013 | 117.03% |
| Kepple | $0.018 | 96.15% |
| AVINOC | $0.35 | 73.71% |
TOP 5 LOSER
| Indices | LTP | Change (%) |
|---|---|---|
| TopBidder | $0.022 | 84.17% |
| Wabi | $0.0015 | 67.48% |
| Quark | $0.00061 | 43.50% |
| GazeTV | $0.000088 | 40.65% |
| CrystalCYL | $0.0019 | 35.78% |
Since the Ethereum Shanghai upgrade, Ether has experienced a significant increase of over 9%, capturing the attention of the crypto markets throughout the week. Meanwhile, Bitcoin remained steady above the $30,000 mark. The week was eventful, with major digital assets experiencing a surge in value, buoyed by positive inflation data and the highly anticipated Ethereum Shanghai upgrade.
Major Events Around the World
Elon Musk, the CEO of Twitter, has recently made headlines with his secretive new venture. The latest development in this venture is the formation of a new Artificial Intelligence (AI) company, known as X.AI Corp, as reported in Nevada's state filing. Musk is listed as the sole director of the company, while Jared Birchall, director of Musk's family office, serves as the company's secretary.
The recent arrest of Do Kwon, co-founder of Terraform Labs, in Montenegro has shed light on some intriguing developments behind the scenes of the network's collapse almost 10 months ago. According to the latest reports, concrete evidence is emerging that suggests Kwon had prior knowledge of the network's impending collapse. This incident resulted in the loss of billions of dollars in value and investor funds from the crypto market, and the crisis dragged on for several months in 2022. In fact, it appears that Kwon may have anticipated the legal issues that arose from the shocking collapse.
Hester Peirce, Commissioner of the U.S. Securities and Exchange Commission (SEC), recently criticised the agency's proposed rules to amend the definition of "exchange." Peirce expressed her concerns regarding the proposal and the SEC's decision to reopen the comment period for further discussion. Peirce's criticism highlights the potential negative impact of the proposed rule changes on the crypto industry. The SEC's proposal could limit the ability of crypto exchanges to operate and innovate, ultimately hindering the growth of the industry.
COIN GABBAR Views: The price of Ether has surged following the recent Ethereum upgrade, but what does the future hold? The founder of Ethereum has made a bullish prediction for the "Next Bull Run" after the "game-changing" upgrade helped to rally the price of Bitcoin. As such, it is important to stay informed and educated about the latest news and trends in order to make informed investment decisions. Please stay tuned with us www.coingabbar.com
Also read: IMF Plans to Unveil CBDC Handbook in Response to High Demand for Guidance
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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