Like a shawarma wrap, the weekend has come to a close, and Monday has arrived with its typical scent—adulting.
Hurray 🌚
All set for the upcoming week?
Time to take the day and accomplish amazing things! 💪🏽
Additionally, I know Mondays can be really hectic, so let's catch up on some cryptocurrency news before we get lost in the chaos!
Now let's get going:
1. Our two largest cryptocurrencies had a bloody Friday! Bitcoin (BTC) fell 3.05% to $41,373, while Ethereum (ETH) also had a decline, falling 2.07% to $2,482. Crossing fingers 🤞🏽
2. Exciting news to come: Frax Finance, a DeFi system, will launch its layer 2 blockchain (Fraxtal) in February! Rollups technology and its liquid staking token frxETH will be utilized by Fraxtal.
3. It's obvious that collaborations are going to stay! The $2 billion Sui Foundation, the company behind layer-1 blockchain Sui, has partnered with off-chain data feed oracle Stork. "Enhance speed and access to unique index and mark prices for traders and builders" is the anticipated benefit of this new cooperation. 🚀
4. In the meantime, 1kx is leading a $17 million fundraising round for Kiln, an Ethereum staking platform. IOSG, Crypto.com, Wintermute Ventures, KXVC, and LBank were among the other participants. Kiln's global development, which includes the opening of its Asia-Pacific headquarters in Singapore, will be financed by this investment. It's time to celebrate! 💰
5. Exciting news: Flowdesk, a cryptocurrency market maker, has raised $50 million in a Series B investment round led by VC firm. Flowdesk recently became a liquidity source for Grayscale's Bitcoin ETF.
6. A tentative agreement on counter-money laundering measures pertaining to cryptocurrencies has been reached by the European Parliament and the EU Council. Crypto companies will have to "conduct due diligence" on clients with transactions of €1,000 or more under this new regime. Okay, so fair enough? 👀
7. Lastly, just one day after launching its MANTA token, Manta Network was the target of a distributed denial of service (DDoS) attack. Long transaction delays, an effect on gas prices, and a sluggish network were all caused by this before its engineers fixed it. I apologize 🙠
Folks, that concludes it! 💙
Want to know all of the latest big crypto news throughout the week? That's simple; just follow us on social media and visit the blog as well 💻
Until the next occasion,
Cheers to a fresh week!
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