Weekly Cryptocurrency News: L’Hebdo Crypto #328

Overview of the Week’s Events in Bitcoin and Cryptocurrency

The world of Bitcoin and cryptocurrencies is constantly evolving, with news that can often get lost in the daily influx of information. To keep you updated, we have compiled a summary of significant events from the past week, highlighting the most important points pertaining to the cryptocurrency market as covered by L’Hebdo Crypto.

Key Developments in Cryptocurrency

1. BoursoBank Embraces Cryptocurrencies
   The online banking platform BoursoBank has announced its integration of cryptocurrencies into its services. This includes support for several cryptocurrency exchange-traded products (ETPs), most notably Bitcoin, Solana, and Ethereum.

2. BlackRock Launches Bitcoin ETP in Europe
   Financial giant BlackRock is making strides in European markets, having unveiled a Bitcoin ETP through its subsidiary, iShares. This move marks a significant step in the financial institution’s exploration of the cryptocurrency sector.

3. Kraken’s Potential IPO
   Rumors are circulating that the cryptocurrency exchange Kraken is planning to go public, as sources suggest the company is seeking to raise up to $1 billion in funding. This potential IPO could substantially impact the cryptocurrency exchange landscape.

4. Ripple and SEC Case Conclusion
   In a development closely watched by the cryptocurrency community, the U.S. Securities and Exchange Commission (SEC) has opted not to appeal the recent ruling in the long-standing case against Ripple. This decision signals a notable shift in the regulatory landscape for cryptocurrencies.

5. Hyperliquid Faces Sophisticated Trade Attack
   The cryptocurrency exchange Hyperliquid has once again fallen victim to a complex trading incident. In response, the platform has implemented drastic measures to avoid penalizing its users, sparking debates and discussions within the cryptocurrency community about security and trading practices.

6. Bitcoin Spot ETFs See Positive Turnaround
   Following a period of decline, Bitcoin Spot Exchange-Traded Funds (ETFs) have recorded a rebound with new net inflows. This turnaround comes after a significant outflow period, indicating renewed investor interest in Bitcoin ETFs.

7. Rising Speculations About U.S. Gold Reserves
   Discussions regarding the potential depletion of U.S. gold reserves have emerged, leading to various speculations within the economic and cryptocurrency sectors.

Notable Metrics from the Week

• $13 Million: Amount stolen during the hack of Abracadabra Finance, affecting the trading platform GMX.
• 32% Increase: The memecoin GME experienced this dramatic increase after GameStop announced the addition of Bitcoin to its treasury.
• $38 Million: Profit made by a fraudulent market maker exploiting the MOVE token, which prompted Binance to take action, leading to a buy-back plan by Movement to reimburse affected users.
• 580 BTC: The number of Bitcoin acquired by the French company The Blockchain Group, aligning with the growing trend of institutional adoption in cryptocurrency.
• 500,000 BTC: A significant milestone reached by the company Strategy (formerly MicroStrategy), which now holds 2.4% of Bitcoin’s total supply.

Special Offers

Bitvavo, a regulated cryptocurrency exchange in Europe, is currently running a promotional offer where it provides €10,000 in free trading plus an additional €20 for all new sign-ups. This initiative highlights the varying strategies exchanges are adopting to attract new users.

Conclusion

As the cryptocurrency market continues to evolve, staying informed is essential for investors and enthusiasts alike. The developments from the past week indicate a blend of institutional interest and ongoing regulatory developments, shaping the future trajectory of Bitcoin and cryptocurrencies.

For more detailed updates and analysis, stay tuned to L’Hebdo Crypto.

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