Crypto Weekly Roundup: CZ Gets Reduced Sentence, Azuki Moves To Anime, & More

This week’s crypto roundup highlights several key developments, including DBS Bank’s plans to launch Bitcoin and Ethereum options trading, Bhutan’s $780M Bitcoin holdings, and Ethereum’s resurgence after hitting a low of $2,000. 

Bitget secures a multi-million dollar La Liga partnership, while Chiru Labs expands into anime by acquiring Anime.com. Additionally, Binance founder CZ receives a reduced sentence, and Prager Metis settles with the SEC for $1.95M over FTX audit failures.

Bitcoin 

DBS, Singapore’s largest bank, is launching over-the-counter Bitcoin and Ethereum options trading for its institutional and accredited wealth clients in Q4 2024. 

Bitcoin dominance is continuing to rise. Currently, at 58.47%, BTC dominance has just powered through resistance and is now heading for the next resistance at 60%.

Bhutan has accumulated $780 million worth of Bitcoin through its renewable energy-powered mining operations, making it one of the top government holders of the cryptocurrency.

Ethereum

Ethereum (ETH) looks to have finally found a bottom at $2,000 as $ETH is now starting to claw its way back up with a 17% increase to its current price level of $2,433.

Business

In a multi-million dollar deal announced on its sixth anniversary, Bitget has emerged as the official crypto partner of the leading football league, La Liga. 

Altcoins 

BlockDAG is making headlines as a rising star in the crypto world, with buzz about a possible Premier League partnership driving significant attention.

A surge of excitement is brewing in the crypto world as several meme coins are showing promising signs of explosive growth.

Despite Cardano (ADA) and Ethereum (ETH) being top cryptocurrencies, Bitgert (BRISE) could provide stronger arguments for investment in 2024.

NFT

Chiru Labs, the creator of the Azuki NFT collection, is expanding its digital footprint and enhancing its anime-focused entertainment offerings by launching Anime.com.

Web3

Solana Mobile has announced the launch of its Seeker web3 smartphone, slated for release in 2025, along with the Play Solana Gen1 gaming console, advancing its efforts to integrate blockchain technology into mobile and gaming platforms.

Regulation

Prager Metis CPAs has settled with the SEC for $1.95 million over allegations of audit negligence and violations of auditor independence rules in its audits of crypto exchange FTX.

Binance founder Changpeng Zhao is set for early release from US prison after serving a reduced sentence for breaching anti-money laundering laws, raising questions about his future role in the crypto industry.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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