Bitcoin
The Bitcoin 2024 conference kicked off in Nashville, with notable speakers like Donald Trump scheduled to appear later in the week. Jersey City’s mayor, Steven Fulop, also announced that the city’s municipal pension plan will invest in Bitcoin (BTC) through spot Bitcoin ETFs.
Ethereum
After receiving SEC approval, Spot Ethereum ETFs began trading on major exchanges such as Nasdaq, the New York Stock Exchange (NYSE), and the Chicago Board Options Exchange (CBOE). This marks a significant milestone for Ethereum investment opportunities.
Technology
OriginTrail is leveraging its Decentralized Knowledge Graph to enhance discoverability and verifiability, adding value to Polkadot’s interconnected Web3 assets. This integration facilitates smooth cooperation with other projects in the Polkadot ecosystem.
Business
Marathon Digital Holdings has been fined $138 million for violating a non-disclosure and non-circumvention agreement. The fine stems from using a proprietary growth strategy developed by Michael Ho, co-founder of US Bitcoin Corp and chief strategy officer at Hut 8, without proper compensation.
Polkadot’s new mobile app, featuring Raise’s advanced payment solutions, aims to streamline cryptocurrency transactions, offering a secure platform for managing digital assets and everyday purchases.
Web3
Memecoins continue to gain traction, attracting significant interest from whale investors. This trend raises questions about market stability and resource allocation within the Web3 ecosystem, as capital flows toward these assets instead of more established projects.
Security
MonoSwap, a decentralized exchange and staking platform, reported a major hack and urged users to stop staking or depositing funds. Similarly, decentralized exchange dYdX revealed that an attacker compromised one of its on-chain trading services by installing a token-draining program on dYdX v3’s official website. Fortunately, no funds on the platform were affected.