The most important cryptocurrency news of the last weekend

Last weekend brought several significant developments in the cryptocurrency world, reflecting the dynamic and often unpredictable nature of the market. From Bitcoin nearing the $70,000 milestone to major acquisitions and security breaches, the crypto space saw a mix of both optimistic trends and challenging setbacks. Institutional interest in Bitcoin ETFs surged, while Ethereum continued to draw attention due to increasing accumulation and concerns over staking centralization. This article highlights the most cryptocurrency news of the last weekend, providing insight into the current state of the crypto market and the factors driving its evolution.

Bitcoin Hits $70,000 Milestone
Bitcoin’s price surge continued over the weekend, nearing the $70K mark. This comes amid a rally driven by strong institutional interest, particularly from Bitcoin ETFs, as they hit record inflows.

Tether’s Market Cap Reaches $120 Billion
Tether (USDT) has achieved a new milestone, hitting a $120 billion market cap, driven by strong demand during what is being dubbed “Uptober.” This surge is expected to influence Bitcoin and Ethereum prices positively.

The most important cryptocurrency news of the last weekend — Tether Tokens in circulation. Source: Tether.to

Vitalik Buterin Warns Against Staking Centralization
Ethereum co-founder Vitalik Buterin outlined a new roadmap for Ethereum 2.0 called “The Scourge.” He highlighted that staking centralization poses one of the biggest risks to Ethereum’s future.
Stripe Acquires Bridge for $1.1 Billion
In one of the largest acquisitions in the crypto space, Stripe has acquired the stablecoin platform Bridge for $1.1 billion, solidifying its position in the crypto payment ecosystem.
Trump-Linked Crypto Project Fails
The World Liberty Financial token, associated with Donald Trump, failed to meet expectations. Investors are pulling out amid criticisms of market manipulation.
Ethereum Accumulation Increases 65%
Data shows a 65% increase in Ethereum holdings by accumulation wallets since the start of 2024, signaling renewed confidence in ETH as institutional interest grows.

Tapioca DAO Hack
Tapioca DAO suffered a $4.7 million hack due to a social engineering attack. The DAO is now offering the attacker a higher bounty for returning the funds.
Sei Blockchain Prepares for v2 Upgrade
Sei, a high-speed Layer 1 blockchain, is gaining momentum as it prepares to release Sei v2. This upgrade aims to attract more Ethereum developers and enhance its position as a competitor.
Hong Kong Crypto Fraud Bust
Hong Kong authorities have uncovered a $46 million crypto fraud ring linked to romance scams. This highlights ongoing risks within the digital asset space.
Bitcoin ETFs Surge in Popularity
Bitcoin ETFs have seen an influx of over $500 million in recent days, marking a major shift in market sentiment. This surge has been driven by institutional investors seeking regulated exposure to Bitcoin.

Mina Protocol Gains Traction
Mina Protocol, known for its lightweight blockchain, saw a 25% growth over the past year. Analysts predict further gains as the demand for more efficient blockchains increases.
KuCoin Token Growth Continues
KuCoin’s native token (KCS) continues its upward trend, largely driven by the exchange’s decentralization efforts. Analysts forecast it could reach $10 by the end of 2024.

Bitcoin Dominance Over Ethereum Grows
Bitcoin has now outpaced Ethereum by over $1 trillion in market capitalization, setting a new all-time high for the gap between the two largest cryptocurrencies.
Pump.fun Reveals New Trading Terminal
Pump.fun, the meme coin trading platform, has revealed its new trading terminal and teased the launch of a future token. With millions of unique tokens deployed, this platform is attracting increasing attention.
Radiant Capital Suffers $50M Hack
Radiant Capital, a prominent player in DeFi, lost $50 million to a hack. This attack has reignited concerns over the security of decentralized finance platforms.

Conclusion: The most important cryptocurrency news of the last weekend

The developments in last demonstrate that the cryptocurrency market remains highly fluid, with key players like Bitcoin, Ethereum, and prominent DeFi projects continuing to drive both excitement and caution. The rise of Bitcoin ETFs, new blockchain upgrades, and significant hacks serve as reminders of both the immense potential and inherent risks in the crypto space. As the industry grows and matures, the ongoing balance between innovation, security, and regulation will shape the future of digital assets, with investors keeping a close eye on every twist and turn.