The Explosive Cryptocurrency Market
The cryptocurrency market is moving rapidly with recent shocking headlines. Bitcoin is on track to reach the $100,000 mark, accompanied by the return of investment strategies from major institutions. Meanwhile, the hot legal event related to NFTs is equally captivating. These movements could change the game.
Morgan Stanley Joins the Game
Morgan Stanley officially enters the cryptocurrency game as it prepares to offer trading services on the E*Trade platform in 2026. This move reflects the shift of traditional finance into the cryptocurrency market, directly competing with platforms like Coinbase and Binance for the growing retail market.
Nike's Lawsuit Related to NFT RTFKT
Nike faces a lawsuit after abruptly closing RTFKT, causing significant losses for NFT holders. This lawsuit raises many questions about the responsibility and transparency of digital assets.
The Evolution of Ethereum
Vitalik Buterin is proposing major changes to the Ethereum network, including increasing the gas limit by 100 times and replacing the Ethereum virtual machine with RISC-V. These plans aim to enhance scalability without breaking the system.
Ripple Rejected, Opportunity Passed
Ripple proposed to acquire Circle for $5 billion but was rejected. With ambitions to provide global liquidity through blockchain technology, Ripple still has many opportunities to rise in the stablecoin market.
The New Technology of World
Sam Altman's blockchain project, World, introduces eye-scanning "orbs" in the U.S. to deploy biometrically secured cryptocurrency wallets. This technology will enhance convenience and security for users.
Huge Profits from Tether
The latest report from Tether shows impressive profits of $1 billion, thanks to a large amount of U.S. Treasury bonds. This figure reinforces Tether's position in the USD-based liquidity market.
International Collaboration of WLFI
World Liberty Financial partners with the Crypto Pakistan Council to promote the cryptocurrency ecosystem here. This collaboration focuses on researching stablecoin for remittances and DeFi.
KiloEX and the Oracle Hack
KiloEX trading platform commits to compensating users affected by the $7 million oracle hack. This highlights the need for stronger security measures in the industry.
Noteworthy Whale Activity
Whales have begun accumulating altcoins in May, causing Avalanche and Ethereum to rise in price. This activity may signal a new growth phase for altcoins, ready to break into the market.
USD1 Stable on Binance Deal
MGX's $2 billion deal with Binance will be funded by World Liberty Financial's USD1 stablecoin, closely linked to the largest cryptocurrency exchange in the world.
With Morgan Stanley and BlackRock leading the way, we can expect more traditional institutions to delve deeper into the cryptocurrency market. Increased regulatory scrutiny over digital assets is ongoing, with a clearer legal framework expected. Ethereum is likely to experience a better quarter thanks to upcoming improvements.
Source: https://tintucbitcoin.com/tom-tat-tintucbitcoin-diem-nhan-tin-tuc-tien-dien-tu-tuan-nay/
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