We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC and ETH updates to recent investments, developments of exciting new projects, and other relevant topics.
Here is everything you need to know for the week of March 25th to 29th
📈 Weekly BTC and ETH Overview
Bitcoin's price has found stability near $60K, indicating a period of consolidation. Buyers are setting their sights on $73K in the near future, a move that could propel the price to new record highs. This potential upward trajectory of Bitcoin's price underscores the resilience and potential of the market. As for Ethereum, the market is being corrected, with ETH maintaining a position below $3.6K. A break above this level could lead to a price surge, potentially reaching a new all-time high in the coming weeks.
At the time of writing, BTC is trading at $69.8K, down 0.77% in the last 24 hours. Similarly, ETH is trading at $3.6K, down 1% in the previous 24 hours.
🗞️ Top Market News
- BlackRock CEO Larry Fink showcases robust belief in Bitcoin's enduring viability. The CEO of BlackRock highlighted how IBIT has boosted market liquidity and transparency. He was pleasantly surprised by the substantial retail demand it generated, far beyond expectations at the ETF's filing. Read more here
- Fidelity filed with the SEC on March 27 for a spot in Ether ETF. This filing aligns with previous filings, allowing Fidelity to stake some of its ETH holdings. If approved, the ETF will trade on the Cboe BZX Exchange, with custodianship handled by Fidelity Digital Asset Services, per the S-1 filing. Read more here
🚀 New Project Developments
- Arbitrum Foundation and Azuki have partnered to introduce the Web3 Anime Network. Dubbed AnimeChain, the network aims to bring anime enthusiasts into the Web3 space through a blend of content, games, merchandise, and NFTs. Arbitrum's involvement will enable AnimeChain to revolutionize the anime experience for fans and creators on a global scale. Read more here
- Biconomy has concluded a strategic round of funding. Investors in Biconomy include Consensys, Jump Capital, Borderless Capital, Manifold, Taisu Ventures, Side Door Ventures, and numerous others. Biconomy is a transaction/relayer infrastructure platform and a prominent figure in Account Abstraction, holding nearly 50% of the market share. Read more here
- GAIMIN and Aethir have teamed up. In this collaboration, projects will pool GPU resources and facilitate computational power for major corporations worldwide. GAIMIN, a leading Web3 infrastructure project, boasts the largest decentralized computation source. Read more here
🔍 More Featured Stories…
- The new guidance confirms that UK advertising regulations extend to influencers and crypto memes. The UK's financial watchdog confirms that influencers and crypto memes fall under financial promotion rules, per recent guidance. Last July, the FCA expanded its regulations to cover unpaid influencers as part of wider crypto sector inclusion in October. Read more here.
