Last Week in Crypto: Highlights in the World of Cryptocurrencies
As we kick off another exciting week on Monday, September 23rd, 2024 at 9:00:05 AM EST (3:00:05 PM CET), we delve into the latest price action of the top ten cryptocurrencies, as per Coin Market Cap. Join us as we analyze these figures and anticipate how the market will unfold throughout the week. Subsequently, we will compare these prices with the closing figures of Friday, September 27 th, 2024, at 6:00:02 PM EST (12:00:02 PM CET), to gain insights into the week’s market trends and fluctuations.
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $63,354.61 | 3.97% | $65,871.71 |
| ETH | $2,648.35 | 1.82% | $2,696.58 |
| BNB | $593.93 | 2.59% | $609.30 |
| SOL | $143.01 | 10.62% | $158.20 |
| XRP | $0.5854 | 0.24% | $0.59 |
| TON | $5.6444 | 6.94% | $6.04 |
| DOGE | $0.1063 | 16.65% | $0.12 |
| ADA | $0.36 | 13.46% | $0.40 |
| AVAX | $27.6100 | 9.74% | $30.30 |
Harris Champions Crypto: A New Era Ahead?
In her first public comments on cryptocurrency as the Democratic frontrunner, Vice President Kamala Harris vowed to promote investment in innovative technologies like AI and digital assets. At a Manhattan fundraiser, she stressed the need for a transparent regulatory framework to protect consumers and foster a safe business environment. With her remarks signaling potential shifts in the Biden administration’s stance on crypto, the industry is buzzing about what’s next. Meanwhile, Donald Trump is also vying for crypto supporters, highlighting the sector’s growing political significance.
PayPal Empowers Merchants with Crypto Trading Capabilities
PayPal has rolled out a new feature allowing Business accounts to buy, sell, and trade cryptocurrency directly within their platforms. Available across the U.S. (excluding New York), this move responds to merchants’ growing demand for crypto capabilities. Jose Fernandez da Ponte, PayPal’s senior VP of blockchain and digital currencies, emphasized the ease of engagement with digital currencies. Merchants can also withdraw their assets to external wallets for added security.
Philippine Agency Empowers Youth with Blockchain and NFT Education
The Philippines’ DOST-ASTI is equipping the next generation with essential knowledge in blockchain, NFTs, and cryptocurrencies. At a tech forum held on September 20, the agency introduced young participants to real-world applications of these technologies, emphasizing their transformative potential across various sectors. By fostering innovation and hands-on experience, DOST-ASTI is preparing youth to navigate and contribute to the future of tech.
Bitcoin-Backed Lending Gains Traction Among Financial Institutions
As Bitcoin adoption rises and fiat interest rates tighten, financial institutions are increasingly exploring Bitcoin-backed lending. Ledn, a key player in this space, reported that it processed $1.16 billion in crypto loans in the first half of 2024, primarily for institutional clients. With major investors shifting focus from ETFs to lending, these institutions are seeing potential annual returns exceeding 10%. The shift signals a growing confidence in Bitcoin as a viable financial asset.
Bitcoin Hits $65K, SHIB Soars 23%
nvestor enthusiasm is on the rise as Bitcoin (BTC) touches $65,000 and Shiba Inu (SHIB) jumps 23% today. The global crypto market cap has increased by 2.27% to $2.28 trillion, while trading volume surged 31.13% to $85.26 billion. Bullish trends are dominating the market, signaling a vibrant day for crypto enthusiasts!
Sources
https://cointelegraph.com/news/kamala-harris-finally-breaks-silence-cryptoduring-fundraiser
https://cointelegraph.com/news/pay-pal-enables-business-accounts-buy-sell-trade-crypto
https://cointelegraph.com/news/institutions-dipping-toes-bitcoin-lending-ledn
