We compile the top news stories weekly from the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC and ETH updates to recent investments, developments of exciting new projects, and other relevant topics.
Here is everything you need to know for the week of May 27th to 31st.
📈 Weekly BTC and ETH Overview
Crypto Twitter and Crypto analysts are looking forward to the final breakthrough as the previous cycle highs have officially been turned into support. Many now maintain a bullish outlook and expect a rally with potential upward trends. Similarly, Ethereum has also seen more green this week, with many experts saying the coin will pull the market up, given the recent news.
At the time of writing, BTC is trading at $68.2K, up 1.42% in the last 24 hours. Similarly, ETH is trading at $3.7K, up 0.72% in the previous 24 hours.
🗞️ Top Market News
- BlackRock amended its Ethereum ETF application. This provided additional details about the recently approved product for U.S. listing. The form disclosed that a "Seed Capital Investor" had acquired the initial shares for the proposed ETF. Read more here
🚀 New Project Developments
- Burnt has unveiled the EarnOS Public Beta on XION. The public beta of EarnOS, a two-sided marketplace for digital advertising, is now live on the XION network. EarnOS aims to drive mainstream brand and consumer adoption of Web3 by addressing real enterprise advertising challenges using XION's Chain Abstraction. Read more here
- Defi.Monеy has completed a strategic funding round with support from GBV Capital and Morningstar Ventures. Defi.Monеy ($MONEY) has announced the completion of its strategic funding round. While the amount raised has not been disclosed, the round included investments from GBV Capital, Morningstar Ventures, and angel investors from Ankr, Bitkraft Ventures, Curve, DefiLlama, Delphi Digital, LayerZero, among others. Read more here
- Aark Digital announced that it will launch the AARK token on June 10th. Aark is currently holding a Token Mining event for Classic Mode traders. By trading in Classic Mode, you can earn $AARK tokens ahead of the TGE. Read more here
🔍 More Featured Stories…
- Mastercard introduces a P2P crypto network for cross-border payments. Mastercard is launching the Mastercard Crypto Credential, a P2P network for cross-border digital asset transactions. Currently in pilot mode, it serves users in Europe and Latin America and supports transactions on Bit2Me, Lirium, and Mercado Bitcoin exchanges. Read more here.
Related Market Updates
Market Updates: May 13 - May 17
The market is slowly gaining momentum again after the downward trends shortly following the halving. Given the positive spot Bitcoin ETF results of the last week, and movement across multiple projects within the space, Bitcoin broke through the $60K support level, reaching $66K at the end of this week. On the other hand, Ethereum is trading around the $3K level, which is located near the $2.8K support zone.
Market Updates: Apr 22 - Apr 26
One week after the halving, Bitcoin has failed to continue on its $75K rally and has seen the price fall to 5% in the past week. Based on market conditions, analysts say the price could fall below $52K in the upcoming weeks or break through the $72K mark, indicating a move toward the anticipated all-time high of $120K.