Weekly Crypto News (May 6 - May 10, 2024)

Bittime - This week between May 6 to May 10, 2024, has been a mixed week for the cryptocurrency market. While some coins are seeing price increases, others are facing continued volatility. This week's news also features developments beyond price fluctuations alone, with interesting stories about regulations, price spikes, and airdrops.

Hottest Crypto News This Week

This week the crypto news is no less interesting to follow. Starting from price spikes to surprising decisions from important figures who have an impact on the world of cryptocurrency. Find out the complete news below!

1. Bitcoin Price Soars: CryptoQuant CEO Predicts Reaching $265K
2. Donald Trump Potentially Eases Cryptocurrency Regulations If Re-Elected
3. Russian Opposition Leader Challenges Government via Blockchain-Based Referendum 
4. SEC Decision: Ripple's $10 Million Fine Offer Rejected, Asked to Pay $2 Billion
5. Altcoins Have the Potential to Soar Post Market Correction, Here's the Analysis and Profit Opportunities!
6. Justin Sun Masters Swell L2 Liquid Staking Protocol with 46% Deposit
7. Optimism (OP) and Option2Trade (O2T): Technology Breakthrough Delivers 22% Price Surge
8.  The reason why the Invesco Galaxy Ethereum ETF was delayed, the SEC provides an explanation!
9. HAMMY Investment with Capital of 60 SOL, Profit of $1.26 Million in 2 Months!
10. Avalanche ( AVAX ) Attracts Interest from Large Investors
11. Set a Record, Near Protocol Exceeds Bitcoin and Ethereum Growth in Q1 2024!
12. Polygon Launches Miden, a zk-based Ethereum : A New Era of Competitive Layer 2 Solutions
13. 168 Recorded Asset Managers Hold IBIT Grayscale, Two of the Largest are from Hong Kong
14. BlackRock comes to offer a tempting offer when arbitrage yields
15. Sophon, a zkSync-based Entertainment Hyperchain Raises $60 Million from Node Sale
16.  Volatile Frontier (FRONT) : Indicators to Watch
17. Bitcoin (BTC) Leads the Rise as Signs of a Downturn Begin on Wall Street
18. Charles Hoskinson Created a Poll on Twitter , Will Cardano and Bitcoin Cash Collaborate?
19.  DeFi Protocol Amphor Closes $4 Million Seed Funding Round, Ready to Bring DeFi to Retail Investors?
20. Ether.Fi Event Rocked by Large Withdrawal Pledge : 37,140 ETH Worth US$115 Million Withdrawn!

Check Today's Crypto Market:

Big Crypto Update

There isn't a week without an update in the ever-evolving world of cryptocurrency. This week is no exception. Prepare yourself with the latest crypto project updates to face changes and their impacts.

1. Puffer Finance Launches Mainnet : Liquid Restaking and Ethereum Decentralization!
2. Nethermind, Near, and Eigen Labs Synergize to Improve Blockchain Abstraction through NFFL
3. Cobo, Coincover and XLink Collaborate, Enhance Bitcoin Security in DeFi
4. Degen Opens a Club Room at Friend.tech, Here's the Explanation
5. ApeCoin DAO Officially Launches NFT Launchpad!
6. Hedera, Stacks, Moonriver, and Iron Fish Team Up to Bridge Blockchain with Interchain Amplifier
7. SynFutures Launches Perpetual Contract weETH with Bigger Rewards
8. gm.ai: Revolutionary AI Project to Launch This Week!
9. Curvance Launches Partner Role Phase on Trial Network
10. DODOChain Opens LaunchPool for AltLayer Token (ALT ) Staking
11. zkSync Update Made May 13, Opening New Possibilities for Transactions and Interoperability
12. DoggyFi Launches New Mainnet Whitelist Function to Make DOGE Trading Easier
13. STEP Finance Innovation: Change the Face of Solana DeFi with Farm Yield and Easy Access

Also Read How to Buy Crypto:

Price Surge in the Last Week

It wouldn't be a cryptocurrency without price spikes. Everything happened suddenly even though I had a sharp prediction. Wow, this is a sign that you need to increase your skills in seeing price movements so you don't miss profitable spikes.

1. RNDR Increased Momentum Up to +40% thanks to Apple and Whales in the Last Week
2. Pumping Crypto Token Jeo Boden (BODEN) Skyrockets Thanks to Donald Trump's Ramblings!
3. Polkadot Price Prediction: Will It Soar Amid High Blockchain Activity ?
4. FRIEND Token Skyrockets 70% Since Launch, Massive Investors Enter!
5. Tellor (TRB) Rises Sharply in Early May, Triggered by Whale Activity ?
6. Skyrocketing Row of AI Coins as Nvidia Shares Climb to Highest Peak in a Month
7. Ethena (ENA) Predicted to Rise by Crypto Analysts 
8. DOT Ready to Soar 120% , Price Prediction to Reach $100!
9. Arbitrum Achievement: Transactions on Uniswap Exceed $150 Billion US Dollars!
10. Telegram Open Network ( TON) Skyrockets 17% As Telegram Reaches 900 Million Users, What's the Impact?
11. Sui Experiences Transaction Surge: Already Overtakes Solana's Popularity

Cryptocurrency Abuse

The use of cryptocurrency is increasing day by day, both as a transaction medium and a source of investment. However, unfortunately there are still many individuals who use crypto irresponsibly and become a field for crime. Check out some of the news highlights regarding this abuse.

1. Crypto Used in Drug Transactions , Result of Police Investigation that Busted Synthetic Marijuana Syndicate
2. South Korean Prosecutors Successfully Seize Millions of Crypto from Fraudsters' Hidden Wallets
3. Cartier Heir Arrested on Alleged Money Laundering and Crypto Drug Trafficking
4. Phishing WBTC Worth $71 Million Is Involved in Money Laundering
5. Insider Thug Allegedly Made a Profit of US$1.49 Million in 10 Hours!
6. New Lawsuit Ensnares Coinbase : Considered Illegal Securities Sales

Check Crypto Prices Today:

A Week Sprinkled with Airdrops 

This week's airdrops also continue to appear to please crypto fans. Some of these airdrop events have been and are currently taking place, but there are also those that will be held in the coming weeks. Save the date so you don't miss it!

1.  Prepare Yourself, ZeroLend Opens ZERO Airdrop Claims on Linea This Week
2.  UXLINK Launches NFT Airdrop for Over 500,000 Loyal Users!
3. What is ZeroLend Airdrop? Here's how to participate
4. MerlinStarter Launches Merlin Blockchain Explorer and Holds Airdrop Event
5. Lyra Launches LDX Token Airdrop and Completes LYRA Snapshot
6. Starting today! Aethir Announces Airdrop for Azuki NFT Community
7. LayerZero CEO Predicts Only a Small Portion of Users Will Qualify for Airdrop
8. BounceBit Ready to Launch Mainnet and BB Token Airdrop on May 13, 2024
9. Mysterious! This Address Sells 670 Thousand FRIEND Airdrop Tokens and Makes a Profit of $115 Million
10.  Nexo Holds $12 Million Airdrop in NEXO Tokens, Sixth Anniversary Celebration Begins!
11. EigenLayer Airdrop Controversy: Everything You Need to Know?
12. Ekubo , a Starknet Based AMM Protocol, Has Opened EKUBO Airdrop Claims
13. $NGL Stakers Are Happy! $BORPA Airdrop Allocation Expanded!

Conclusion

Overall, this week offered a glimpse into the ever-evolving cryptocurrency landscape. As the market continues to evolve, keeping up with the latest news can be important for investors and cryptocurrency enthusiasts.

Stay tuned for the upcoming week's Weekly Crypto News!

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on  Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Ethena Releases Roadmap 2024: Realize DeFi, CeFi, and TradFi Integration Through USDe

Palapa Token (PLPA): Everything You Need to Know About PLPA 

SEC Decision: Ripple's $10 Million Fine Offer Rejected, Asked to Pay $2 Billion

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.