CoinQue Chronicles
Web3 Market News At a Glance:
Weekly round-up of the most exciting pieces of news from the 💰cryptocurrency💰, 🔗blockchain🔗, and 🌐Web 3.0🌐 space 🚀
Ripple CEO: Court Victory Against SEC Is ‘Not Enough’
Following Ripple’s multiple court victories against the United States Securities and Exchange Commission (SEC) in the case where the regulator was alleging illegal securities sales of XRP, the blockchain company’s CEO said winning in court was not enough. Indeed, Brad Garlingouse believes that the company’s success against the SEC had still not done much to persuade some of the US-based banks that were on the fence about the cryptocurrency industry. Read more
FTX Transfers $316 Million in Crypto, With Solana Leading the Outflows
FTX recently transferred approximately $316 million in digital assets to various crypto exchanges, according to on-chain data. Over the past several weeks, the beleaguered crypto exchange has been rapidly divesting portions of its crypto holdings, including assets like Solana (SOL) and Ethereum (ETH), as part of its bankruptcy proceedings. Read more
Toncoin Briefly Overtakes Dogecoin Amid 8% Rally
Toncoin (TON), a cryptocurrency created by the popular messaging app Telegram, is enjoying another bullish moment as the price of the token surged 8.4% overnight. TON, a blockchain system based on the proof-of-stake model, was introduced by Telegram in 2018. However, due to a lawsuit from the SEC alleging that Telegram's $1.7 billion ICO in 2018 violated securities regulations, the project was abandoned. Read more
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MicroStrategy Continues To Rake In More Bitcoin $900M Profit Rolls In
MicroStrategy, the largest institutional Bitcoin holder in the world, has purchased another 155 Bitcoins, increasing its holdings to 158,400 BTC. MicroStrategy is bullish on Bitcoin, believing it to be the best treasury reserve asset and the solution to the store of value problem. MicroStrategy is in profit on its Bitcoin holdings, with an average purchase price of $29,586 per Bitcoin. Read more
John Deaton Predicts Potential U.S. Approval of Bitcoin ETFs by Late 2023
John Deaton anticipates possible U.S. approval for Bitcoin ETFs by the end of 2023, potentially coinciding with Bitcoin Halving and key Federal Reserve decisions. Predicted Bitcoin ETF approvals may trigger a significant increase in Bitcoin’s price, with projections reaching as high as $220,000 within 18 months of approval. Read more
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