Rejoice, a new week is regarding to end and it can’t be any other way than with this fresh weekly roundup of crypto news!
In a week in which the main cryptocurrencies have maintained their upward trend, there are some signs that are negatively affecting the market. The most important is that of the turbulence that Binance is suffering, the main exchange in the world by market capitalization. Will the giant fall like it already happened with FTX?
Let’s go by parts. Let’s start by talking regarding the great performance that cryptocurrencies continue to show in the market. Undoubtedly, this 2023 is being quite a party for those who took advantage of last year’s “buy the fall”. XRP and ADA have led to a market that is experiencing a veritable green spring.
XRP is (and will be) the diva of the market. Ripple’s cryptocurrency is rising at a dizzying rate amid growing rumors that the company will emerge victorious in its legal dispute once morest the SEC.
On the other hand, our trading expert encourages us to be very attentive to the development of Ethereum. With just over two weeks left for your Long-awaited “Shapella” updateETH continues to show positive trends and is getting closer and closer to the $2,000 mark.
Lido DAO (LIDO) It was also in the news this week thanks to an 18% rise in just a few hours. We let you know first in Crypto Economy!
But not everything has been rosy this week. It is that the dangers in the cryptocurrency market are always lurking and recent history has shown us that we cannot neglect ourselves.
Binance, the world’s largest exchange, is waging a multi-front battle once morest regulators, judges, and speculators. Is it in danger of going down, as it already has with FTX? We analyze it here:
Let’s see, the news surrounding the Exchange and its CEO, CZ, have accumulated this week and there are many who are beginning to foresee an end similar to that of FTX and Sam Bankman-Fried.
First, the CFTC’s lawsuit caught not only the exchange, but also CZ, who is central to the allegations, by surprise. You can see more details HERE. On the other hand, a federal judge forced a halt to the impending acquisition of bankrupt lender Voyager Digital by Binancewhich seemed already closed.
Binance.us, the subsidiary of Binance in the United States, is at the center of the controversy due to the increasing scrutiny of the regulatory agencies of the North American country. That’s why, Binance.us has announced that it has suspended temporarily the withdrawal and deposit of BUSD, although it claimed that this is due to the recent banking crisis in the US.
Despite this, it is too early to say that Binance will end up being the new FTX. Undoubtedly, CZ’s company has given ample proof of liquidity and has endured several similar attacks in recent years.
In any case, it is always good to be aware of the latest news. And for that, there is NOTHING better than Crypto-Economy. Remember to follow us on our networks and stay up to date with our latest news.
