Are Investors Prioritizing AI Agents Over Meme Coins?
AI agents have risen by 8% on average this week, with market cap up 5%, reflecting renewed investor interest. Meme coins, on the other hand, have gained 7%, maintaining their speculative dominance.
Operation Chokepoint 2.0 Rolled Back, Crypto Community Celebrates
The Federal Deposit Insurance Corporation (FDIC) has followed the U.S. Office of the Comptroller of the Currency (OCC) in removing “reputational risk” as a factor in bank oversight.
This move effectively rolls back the controversial Operation Chokepoint 2.0, which had led to the debanking of crypto companies.
GameStop Embraces Bitcoin Following Board Approval
GameStop has officially entered the crypto space by approving an investment policy that allows the company to hold Bitcoin (BTC) and stablecoins.
Mt. Gox Transfers $1 Billion Worth Of Bitcoin
Arkham Intelligence recently revealed that Mt. Gox has moved 11,501.4 Bitcoin (about $1 billion) this week. Of this, 893 BTC went to its cold wallet (1Jbez) and 10,608 BTC to a separate wallet (1DcoA).
Binance Responds To Insider Trading Allegations
Binance has suspended a member of its Binance Wallet team and may take further legal action following an internal investigation into allegations of insider trading.
World Network Wants To Partner Up With Visa
World Network, formerly Worldcoin, is reportedly in talks with Visa to add debit and credit card features to its self-custody crypto wallet.
Standard Chartered Ditches Tesla For Bitcoin
Standard Chartered has been testing a new version of the “Magnificent 7” index, replacing Tesla with Bitcoin (BTC). Named “Mag 7B,” this revised index has outperformed the original, offering higher returns and lower volatility.
Metaplanet Buys $12.6M Worth Of Bitcoin
Metaplanet has purchased an additional $12.6 million worth of Bitcoin (BTC), furthering its acquisition strategy.
Ethereum’s Transaction Fee Revenues Drop By 95%
Ethereum (ETH) has seen a 95% drop in its quarterly transaction fee revenue from its peak in Q4 2021. This decline is largely due to reduced Layer 2 contributions and a downturn in the NFT market.
‘Rich Dad Poor Dad’ Author Publicly Endorses Bitcoin
Robert Kiyosaki has once again endorsed Bitcoin (BTC), warning that both FOMO and FOMM could prevent many from building wealth as Bitcoin’s potential for generational riches grows.
