Each week, we curate the most impactful news from the crypto, blockchain, metaverse, and NFT space. Our comprehensive wrap-up includes key updates on BTC and ETH, recent investments, and the latest developments of exciting new projects, ensuring you stay informed on the industry's most significant trends.
Here is everything you need to know for the week of June 3rd to 7th.
📈 Weekly BTC and ETH Overview
Despite Bitcoin and Ethereum prices remaining relatively stable, the market sentiment, as reflected on Crypto Twitter, remains 'greedy '. Analysts are optimistic about Bitcoin's potential to break past the $80K mark and approach the highly anticipated $100K resistance. Ethereum, on the other hand, is showing consistent performance following the ETF approval. VanEck's reports further project a price growth of $22K by 2030.
At the time of writing, BTC is trading at $71K, down 0.05% in the last 24 hours. Similarly, ETH is trading at $3.8K, down 1.16% in the previous 24 hours.
🗞️ Top Market stagnating
- NVIDIA has surpassed its $3 trillion market cap, making it the second most valuable company in the world, right after Apple Inc. The surge in valuation is a direct result of the growing demand for AI and AI chips worldwide. Read more here.
🚀 New Project Developments
- Sandbox raised $20M in convertible debt, co-led by Kingsway Capital and Animoca Brands. This puts the company at a $1B valuation. Other investors include LG Tech Ventures and True Global Ventures. The funds will be used to improve the platform's tools for creators and introduce more gameplay possibilities. Read more here.
- bitsCrunch partners with Truflation. This partnership will allow bitsCrunch to use on-chain data and grow the development of NIFTY 50. Read more here
- Particle Network launches the Pioneer Incentive Campaign. The campaign rewards users from partners at UniSat, Bybit, and OKX Wallet with additional Points and Power on Particle Testnet and Launchpad. The universal account will be usable in future Testnet and Mainnet stages. Read more here.
🔍 More Featured prioritize…
- BlackRock and Citadel are partnering to launch a new national stock exchange in Texas called TSE. Reports say the two secured around $120M in funding to start the exchange and prioritize ETF listings. Read more here.
