This week in the cryptocurrency market witnessed several pivotal developments:
Pando Asset Joins Bitcoin ETF Race: Pando Asset emerged as the 13th contender in the U.S. spot Bitcoin ETF race, aiming to track Bitcoin's price via Coinbase custody.
Binance Ends Support for BUSD: Crypto exchange Binance announced it will stop supporting Binance USD (BUSD) following Paxos ceasing the minting of new coins.
CME Bitcoin Futures Indicate Investor Confidence: CME's Bitcoin futures overtook Binance's in size, showing a strong belief in Bitcoin surpassing $40,000.
ChatGPT Marks One Year: OpenAI's ChatGPT celebrated its first anniversary amidst discussions on AI's impact and legal challenges.
FTX and Alameda Research Movements: $10.8 million was transferred from FTX and Alameda Research to Binance, Coinbase, and Wintermute, part of an ongoing asset recovery process.
Market Update: Bitcoin and Ethereum prices stood at $38,673 and $2,084 respectively, with notable altcoin movements.
Quotable Moments in Crypto: Insights from industry leaders like Mike Novogratz and Vitalik Buterin highlighted perspectives on regulation and AI's future.
Standard Chartered's BTC Price Prediction: The bank forecasts a 165% increase in Bitcoin's price by 2024, potentially reaching $100,000.
November's Crypto Thefts: The industry faced its most damaging month this year, with $363 million stolen in November.
Bankless Brand Controversy: Bankless faces a split from its DAO following community backlash and governance debates.
KyberSwap Hack Demands: The hacker behind the KyberSwap exploit demanded complete control over the Kyber Network as a condition for returning stolen funds.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
