Weekly Crypto Roundup: Innovations and Market Movements
By: Eva Baxter
- Ethereum Foundation Backs Tornado Cash Co-Founder: The Ethereum Foundation pledges to match up to $500,000 for the legal defense of Roman Storm, co-founder of Tornado Cash, highlighting potential blockchain privacy implications.
- Coinbase Integrates DEX Trading: Coinbase introduces decentralized exchange trading in its app, expanding access to decentralized finance (DeFi) markets.
- Verb Technology's Focus on Toncoin: Secures $558 million for transforming into a Toncoin-focused treasury, marking a strategic pivot.
- Bullish's Ambitious $4.2B IPO Plans: Institutional exchange Bullish prepares for a significant IPO backed by notable investors, signaling confidence in the market despite recent volatility.
- Justin Sun's Space Journey: TRON founder Justin Sun becomes the youngest Chinese commercial astronaut, blending tech entrepreneurship with space exploration.
- ECB on Cash and Digital Euro: The European Central Bank expresses its commitment to including both cash and a digital euro, demonstrating a balanced approach to currency evolution.
- Cardano Receives $71M for Upgrades: Funded upgrades boost Cardano's network capabilities, aiming to enhance platform performance and development.
- Ethereum Amidst Market Outflows: Despite notable outflows, Ethereum gains a lead, underscoring shifting investment trends following Federal Reserve remarks.
- Philippine SEC Targets Unlicensed Crypto Exchanges: Regulatory actions clamp down on unlicensed crypto service providers, emphasizing regulatory enforcement in the sector.
- SEC Clarifies Liquid Staking: The SEC outlines key regulatory insights, promoting clarity surrounding liquid staking tokens within the crypto space.
