This week, the buzzing crypto world woke up to mixed emotions of crypto news stories, beginning with Bitcoin’s dramatic price swings. The total market cap jumped to $4 trillion, fueled by institutional inflows, ETF developments, and the altcoin market momentum. Now, take your seat and hold on tight as you explore major developments in the crypto realm.
Perplexity AI makes $34.5 billion Google Chrome move
Perplexity AI has made a ground-breaking $34.5 billion deal for Google’s Chrome to reach its 3 billion users and expand its AI search services.
Bitcoin surges past $124K: Smashes Google in market cap
Amid price swings between $18,000 and $24,000, Bitcoin hit a new all-time high. The master coin also overtook Google to become the 5th largest asset by market cap.
Ethereum sparkles with new heights
Ethereum leapfrogs Mastercard, ranking in 22nd position in global assets. The programmable crypto also burst to $4,600 this week.
US SEC discusses more about Project Crypto
Talking about Project Crypto, a comprehensive crypto regulatory work, the US Securities and Exchange Commission (SEC) Chairman Paul Atkins said that updating regulations gives people confidence that their digital assets are safe and clear regulations.
Trump Jr.-backed Thumzup bags $50M for crypto mining, treasury investments
Thumzup Media Corporation, backed by Donald Trump Jr, has raised $50 million to diversify into crypto mining and boost its treasury investments. The media company intends to acquire mining devices and invest in cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, USD Coin, and Dogecoin.
Coinbase, Squads Protocol to make USDC the go-to stablecoin on Solana
Coinbase and Squads Protocol have teamed up to set the USDC stablecoin default across all Solana-based products. This initiative aims to strengthen Solana’s ecosystem and simplify transactions on the blockchain.
Belarus President says crypto matters for him and the nation
Belarusian President Aleksandr Lukashenko expressed the need for cryptocurrencies, urging citizens to mine coins as an alternative source of income.
More and more to come! The crypto market regularly evolves with hundreds of thousands of developments every week. With price swings, stablecoin adoption, crypto praises, partnerships, and investments, this week’s crypto news gobbled up much more than the past two weeks. Other highlights include Citigroup eying custody and payment services for stablecoins and ETFs, Hong Kong tightening crypto custody rules, Elon Musk suing Apple Store for alleged bias against xAI’s Grok, New York lawmaker proposing a 0.2% tax on digital asset transactions, and dozens of other headlines!
