Weekly Roundup: Major Developments in Crypto and NFTs
By: Eliza Bennet
- Bitfarms Rejects Riot's Unsolicited Acquisition Offer: Bitfarms declined Riot Platform's $950 million bid, citing undervaluation of growth potential amid leadership changes.
- Gemini Earn Returns Over $2 Billion in Cryptocurrency to Users: Gemini successfully returns significant assets to users post-Genesis collapse, marking 97% recovery.
- President Biden Vetoes Pro-Crypto Resolution Defending SEC's Directive: Biden supports SEC's crypto regulations by vetoing a bipartisan resolution aimed at revoking them.
- Uniswap Foundation Delays Protocol Upgrade Amid Legal Challenges: Legal issues cause Uniswap to postpone a crucial proposal, impacting UNI token price.
- Mastercard Introduces Crypto Credentials System to Simplify Transactions: Mastercard launches a new system to improve blockchain interactions, enhancing security and user experience.
- ZKasino Promises Refunds Amid Skepticism from the Community: Controversial DeFi platform ZKasino announces plans to refund stolen funds but faces community skepticism.
- RFK Jr. Reacts to Trump's Guilty Verdict and Its Impact on Election Prospects: RFK Jr. comments on Trump's conviction, noting shared pro-Bitcoin sentiments despite political differences.
- Global Bitcoin ETFs Exceed 1 Million BTC in Holdings: Bitcoin ETFs collectively hold over one million BTC, led by U.S. ETFs like Grayscale and BlackRock.
- Ethereum Surges Past $3900 Following ETF Approvals and Upcoming Pectra Upgrade: Ethereum sees significant price gains due to ETF approvals and upcoming network upgrades.
- Japanese Exchange DMM Bitcoin Hacked for $308 Million: A significant breach in DMM Bitcoin results in a $308 million loss, raising security concerns.
