Crypto weekly: Bankruptcy of Evergrande, Trump owns $5m in Ethereum

Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

August 14, 2023 ‘Grand Theft Auto’ dev Take-Two’s first crypto game launching on Ethereum.
Take-Two subsidiary Zynga is launching “Sugartown,” a game players will access with Ethereum (or ERC-721) tokens. Read more
August 15, 2023 Jacobi Asset Management Launch Europe’s First Bitcoin ETF.
Europe’s inaugural Bitcoin exchange-traded fund went live today on Euronext Amsterdam, beating the U.S. to the punch. Read more
August 16, 2023 Donald Trump Crypto Wallet Holds Over $5 Million, New Filings Show.
The former president’s holdings make him a ‘whale’ despite his past skepticism about cryptocurrencies. Read more
August 17, 2023 A Rare Look Into the Finances of Elon Musk’s Secretive SpaceX.
Rocket company and satellite operator narrowed loss to $559 million in 2022 by selling BTC. Read more
August 18, 2023 Evergrande Seeks Shelter From Creditors in US Ahead of Votes.
China Evergrande Group, the real estate giant whose default two years ago accelerated a broader property debt crisis in the country, sought Chapter 15 bankruptcy protection in New York on Thursday. Read more

What’s coming up for us this week:

August 25, 2023 U.S. Fed Chair Powell Speaks.
Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar’s value than any other person. Read more

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With each new week, the cryptocurrency market offers new opportunities. With our updates, you get even more advantages for successful trading. The key to success is to start right now.

Best regards,
FYBIT team

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