Crypto Weekly Roundup: Major Moves in Bitcoin, Ethereum, and Market Volatility
By: Isha Das
- CleanSpark to Acquire Rival GRIID in $155 Million Deal: Bitcoin mining firm CleanSpark announced a $155 million acquisition of GRIID Infrastructure to boost its mining capacity.
- Tether Halts USDT Minting on EOS and Algorand: Tether will stop minting USDT on the EOS and Algorand blockchains to focus on community-driven platforms.
- FTX Granted Court Approval For Liquidation Plan: FTX wins court approval for a liquidation plan despite creditor objections over the evaluation of crypto at the time of collapse.
- Bitcoin Faces Intense Selling Pressure: Bitcoin struggles to stay above $60,000 amid market volatility and ETF outflows.
- Germany Intensifies Bitcoin Sell-Off: The German government sells substantial amounts of seized Bitcoin, contributing to market instability.
- Bitcoin and Ethereum Prices Decline: Both Bitcoin and Ethereum see significant price drops as broader market instability continues.
- Access Protocol Launches Solana’s Actions and Blinks: Solana Labs partners with various projects to streamline crypto transactions using Actions and Blinks.
- Rep. Matt Gaetz Proposes Bill for Tax Payments in Bitcoin: The legislation aims to allow U.S. citizens to pay federal taxes using Bitcoin, marking a step towards mainstream crypto adoption.
- US Government Moves 4,000 BTC to Exchange: Speculation rises as the U.S. government transfers a significant amount of Bitcoin to Coinbase.
- Crypto Firm Abra Settles with US States to Repay $82 Million: Abra reaches a settlement agreement with 25 U.S. state regulators over unlicensed trading services.
