Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| July 12, 2024 | Dough Finance loses $1.8M in flash loan attack. The attacker exploited unvalidated call data, resulting in 608 ETH being stolen. Read more |
| July 12, 2024 | MakerDAO’s $1B Tokenized Treasury Investment Plan Draws Interest from BlackRock’s BUIDL, Ondo, Superstate. MakerDAO’s competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space. Read more |
| July 12, 2024 | Tornado Cash dev Alexey Pertsev denied bail to appeal money laundering conviction. Pertsev spent the last two months in prison after he was found guilty of laundering $2.2 billion. Read more |
| July 13, 2024 | Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak. The notable sum marks six trading days in a row of positive inflows to spot bitcoin ETFs, which have logged an additional $1 billion in assets since the start of the streak on July 5. Read more |
| July 14, 2024 | Bitcoin Price Suddenly Soars Over $60,000 After Trump Assassination Attempt Sends His Odds Of Victory To All-Time HighThe bitcoin price has topped $60,000 per bitcoin, up from lows of $53,000 earlier this month, as Trump’s chances of retaking the White House in November spiked. Read more |
What’s coming up for us this week:
| July 15, 2024 | U.S. Fed Chair Powell Speaks. Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on July 15, 2024, at 04:00 P.M. UTC. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
