Weekly Crypto News Roundup: Major Deals, Market Trends, and Security Breaches
By: Eliza Bennet
- Trump Dismisses Familiarity with Binance's CZ Amid Controversy: Former President Trump insists on no personal connection with Changpeng Zhao following criticism of a recent pardon.
- Microsoft Seals $9.7 Billion Deal with IREN as Bitcoin Miners Pivot to AI: Microsoft enters a monumental $9.7 billion deal with Bitcoin miner Iris Energy, illustrating a trend towards AI.
- Bitcoin ETFs Reveal Resilience Amid Market Challenges: Bitcoin ETFs see a reversal with significant inflows after prolonged outflows, marking renewed institutional interest.
- Balancer Suffers Massive Exploit Amid DeFi Security Concerns: The DeFi protocol faces a major exploit with reported losses escalating past $98 million, raising security concerns.
- Ripple Expands Services With Spot Prime Brokerage Launch: Ripple announces a digital asset spot prime brokerage service, post its acquisition of Hidden Road.
- XRP Market Dynamics: Regulation, Price Movements, and Future Prospects: Despite bullish announcements, XRP faces a price downtrend due to technical indicators and market sentiment shifts.
- Zcash Reclaims Privacy Crown Amid Enhanced Market Position: Zcash outpaces Monero, reclaiming a dominant position in the privacy coin sector.
- Crypto Market Faces Turmoil With $1.3 Billion In Liquidations: Bitcoin's price dive below $104,000 triggers massive liquidations, shedding light on crypto market volatility.
