Weekly Crypto News Roundup: Bitcoin, Ethereum, and Market Movements
By: Isha Das
- Solana's New Service Aims to Revolutionize Markets: Solana introduces the Solana Attestation Service to enhance the concept of internet capital markets, allowing off-chain credentials like know-your-customer compliance to be linked, promoting more robust market practices.
- Address Poisoning Scam Costs Trader Millions: A sophisticated scam led to a crypto trader losing $2.5 million in Tether by unknowingly sending transactions to a false address mimicking a legitimate one.
- Ethereum's Role as a Cashless Society Backup: The reliability of centralized digital payment systems is under discussion as countries like Sweden and Norway advance in cashless ecosystems, with Ethereum being considered a resilient backup option.
- Bitcoin's Surge Brings Market Volatility: Bitcoin reached a new peak, emphasizing market volatility, as institutional investors show increased interest supporting its price movement.
- Crypto ETPs Record Inflows Amid Optimism: Cryptocurrency exchange-traded products (ETPs) saw $3.3 billion in inflows last week, marking investor confidence and pushing the year-to-date total to reach new records.
- Coinbase Faces Legal Issues Over Data Breach: Coinbase is under legal scrutiny again following a data breach, with a class-action lawsuit filed by investors, reflecting ongoing concerns over exchange security.
- Pakistan Allocates Major Energy for Bitcoin and AI: In a move to modernize tech infrastructure, Pakistan plans to allocate 2,000 megawatts to support Bitcoin mining and AI data centers, indicating a strategic national push.
- Dubai Launches Tokenized Real Estate Project: Dubai is advancing blockchain adoption by introducing the first tokenized real estate initiative in the MENA region, setting a precedent for real estate and crypto integration.
