What Happened in Crypto This Week?
Polygon Executive Pivots Roles To Developing ZK Proof
Polygon's Mihailo Bjelic has stepped down from his role as CEO to focus on developing a zero-knowledge (ZK) proof system for the network. ZK proofs are a cryptographic technique that allows one party to prove to another party that they know something without revealing the underlying information.
Ethereum Meme Coins PEPE MOG Hit Lifetime Highs on Ether ETF Filing
Ethereum-based meme coins PEPE and MOG have hit lifetime highs following the filing of an Ether ETF with the SEC. The ETF, which is being proposed by Valkyrie Investments, would allow investors to gain exposure to Ether without having to purchase the cryptocurrency directly.
Cryptocurrency Values Surged Above $60000 Reaching Its Highest Point Since 2021
Cryptocurrency values surged above $60000 this week, reaching their highest point since 2021. The rally was driven by a number of factors, including the launch of the Ether ETF, the release of positive news from the SEC, and the increasing adoption of cryptocurrencies by institutional investors.
XRP Price Climbs
XRP price has climbed 11% in the past week, reaching a high of $0.53. The rally was driven by the news that Ripple is planning to launch a new payment system that will use XRP as the underlying currency.
Shiba Inu Price Soars
Shiba Inu price has soared 23% in the past week, reaching a high of $0.0000255. The rally was driven by the news that Shiba Inu is being listed on Coinbase, one of the world's largest cryptocurrency exchanges.
Starknet Launches $25M Token Incentive for Top Projects
Starknet, a layer-2 scaling solution for Ethereum, has launched a $25 million token incentive program for developers who build projects on the network. The program is designed to attract top talent to the Starknet ecosystem and help accelerate the development of the network.
With Crypto Markets in the Red...
Despite the recent rally, crypto markets are still in the red. Bitcoin is down 10% in the past week, and Ethereum is down 15%. The sell-off was triggered by a number of factors, including the war in Ukraine, the rising interest rates, and the ongoing COVID-19 pandemic.
It remains to be seen whether the crypto markets will be able to recover from the recent sell-off. However, the long-term fundamentals for cryptocurrencies remain strong. As more and more people adopt cryptocurrencies, the demand for these assets will continue to grow.
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