We compile the top news stories weekly from 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 May 6th to May 10th.
📈 Weekly BTC and ETH Overview
Bitcoin is at a turning point, as analysts speculate whether the cryptocurrency's price will continue to act bullish or fall below the $59K level, creating some downward pressure. Towards the middle of the week, there was notable buying pressure, bringing the price of BTC to $66K. However, as the week closes, the price returns to the $60K support region. Similarly, Ethereum also makes bullish moves and holds above the $3K resistance level.
At the time of writing, BTC is trading at $62.9K, up 2.49% in the last 24 hours. Similarly, ETH is trading at $3.02K, up 1.35% in the previous 24 hours.
🗞️ Top Market News
- Sharpe AI has announced the launch of its Perpetual DEX. The decentralized perpetual exchange will have deep liquidity and fast execution. Read more here.
- Cross the Ages launches its token on KuCoin. The token is now available on the exchange and will be open for all users to subscribe to during the subscription period. Read more here.
- XION launches its Chain Abstraction solution for SAGA chainlets. The integration combines the project’s generalized abstraction solution with SAGA’s scalability to increase mainstream adoption and grow the ecosystem. Read more here.
- Nakamoto Games and Outlanders have announced their collaboration with the NVIDIA Developer Program. They are excited to release the new Nakamoto Games roadmap and tap into each other’s communities. Read more here.
🚀 More Featured Storie
Hong Kong-based investment company Harvest aims to bring ETFs to Singapore. The partnership would aim to make cryptocurrencies tradable for investors in the city. Read more here.have announced their collaboration with the NVIDIA Developer Program. They
