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It was a big week for cryptocurrencies as spot ETH ETFs finally began trading on major exchanges. Plus, the excitement surrounding the Bitcoin 2024 conference and its many celebrity speakers has created even more buzz in the industry. Learn more.
Bitcoin
The Bitcoin 2024 conference in Nashville kicked off on Thursday, with speakers including Donald Trump scheduled to speak throughout the week.
Jersey City Mayor Steven Pulop announced that the city’s pension plan will invest in Bitcoin (BTC) via a spot Bitcoin ETF.
Ethereum
The Spot Ethereum ETF has begun trading on major exchanges following SEC approval, marking a significant step forward for Ethereum investment opportunities. The required S-1 registration was approved on Monday. As a result, the Spot ETH ETF can now be listed on major stock exchanges such as the Nasdaq, New York Stock Exchange (NYSE), and Chicago Board Options Exchange (CBOE).
technology
OriginTrail leverages the power of the OriginTrail distributed knowledge graph to expand discoverability and verifiability, bringing greater value to Polkadot’s interconnected Web3 assets. It leverages Polkadot’s strong trust model and inherent interoperability to facilitate seamless integration with other Polkadot ecosystem projects.
business
Marathon Digital Holdings has been fined $138 million for breaching nondisclosure and non-circumvention agreements by using an exclusive growth strategy without compensating developers. Michael Ho, co-founder of US Bitcoin Corp and chief strategy officer of Hut 8, accused Marathon Digital of using an exclusive growth strategy developed in 2020 without compensating them.
Polkadot’s new mobile app features Raise’s advanced payment solutions, simplifying cryptocurrency trading and providing users with a seamless and secure platform to manage their digital assets and make everyday purchases.
Web3
Mimecoin has evolved beyond a simple trend of being bulletproof as a category, and is raising relevant questions about market stability and resource allocation within the web3 ecosystem. As whale investor interest grows, Mimecoin becomes more legitimate in the eyes of retail investors, and capital is diversified away from more established and utility-focused projects.
security
Monoswap, a decentralized exchange and staking platform, announced a major hack and urged users to stop staking on the platform or deposit additional funds.
Decentralized cryptocurrency exchange dYdX announced that one of its on-chain trading services was compromised after an attacker installed a token drain program on the dYdX v3 official website. According to dYdX, funds already held by traders on dYdX were not affected by the attack, which was reported after the announcement that it was being sold.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.
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