The cryptocurrency market continues to display resilience, with Bitcoin (BTC) maintaining a robust position near its 200-week moving average. As of today, BTC rose by 0.5% to trade at $102,800, while Ethereum (ETH) gained 1% to reach $3,380. Major assets such as Binance Coin (BNB) and Solana (SOL) remained stable, trading at $950 and $157 respectively.
Top Movers in the Crypto Market
This week’s crypto market saw several significant moves. Internet Computer Protocol (ICP) surged by 28%, cementing itself as a leader among top-performing cryptocurrencies. Zcash (ZEC) climbed 15%, while Dash (DASH) posted a notable 12% gain.
Ripple’s $500M Fundraising Success
A key highlight in the corporate crypto world comes from Ripple, which successfully raised $500 million at a $40 billion valuation. Investors, including Fortress, Citadel, and Brevan Howard, played a critical role in this monumental fundraising round. This funding strengthens Ripple’s position in the fintech and blockchain ecosystem.
WisdomTree Joins Chainlink for Tokenized Funds
In other developments, asset management giant WisdomTree, with $130 billion in assets under management, integrated with Chainlink to deliver NAV data on-chain. This partnership powers subscriptions for their CRDT tokenized fund hosted on Ethereum, showcasing a growing trend of traditional financial institutions utilizing blockchain technology.
Robinhood’s Q3 Crypto Revenue Boost
Robinhood emerged as another success story, surpassing its Q3 estimates. A significant contributing factor was a notable increase in its crypto trading revenue, further solidifying its position as a user-friendly platform for retail investors exploring cryptocurrency investments.
YouTube’s New Policies and Circle’s Expansion
YouTube clarified that its updated policies targeting gambling and casino content do not explicitly restrict crypto content, alleviating worries from the crypto community. At the same time, Circle made waves by updating its terms of service to allow firearms purchases using USDC, signaling an evolution in the utility of stablecoins.
Recommended Product: Ledger Nano X
If you’re diving into crypto investments, it’s essential to secure your assets. The Ledger Nano X is a cutting-edge hardware wallet that ensures your digital assets remain safe from online threats. Its Bluetooth functionality and user-friendly interface make it a popular choice among crypto enthusiasts.
