Weekly Crypto Roundup: Market Volatility Continues, ETFs Make Headlines, and Mt. Gox Verification Begins
By: Isha Das
- Volatility continues for Solana (SOL) and Cardano (ADA) amidst headwinds generated by Bitcoin.
- Bitcoin heralded as potential solution to global debt crises, with Strike's CEO highlighting its 'central banking problem' solving capabilities.
- BlackRock's Bitcoin ETF crosses $2 billion mark despite company reservations and SEC regulations.
- Facing legal challenges, including a major SEC lawsuit, Terraform Labs files for bankruptcy.
- Analysis of recent Bitcoin ETF NAV reveals varied performance, with Grayscale NAV tightening and BlackRock seeing first discount.
- Bitcoin falls below $40,000 amidst sell-offs, hitting its lowest level since mid-December.
- Bankrupt exchange Mt. Gox commences verification process for Bitcoin repayment, leading to market unrest.
- Bitcoin rebounds past the $40,000 mark amidst continuing GBTC outflows and inflows into other BTC ETFs.
