Summary:
Bernstein predicts Bitcoin will reach $1 million by 2033, driven by ETF-driven demand and a potential $200,000 price point in the current cycle.
Ethereum ETFs are expected to launch in July, with analysts predicting their imminent arrival.
MicroStrategy plans to buy more Bitcoin using $700 million in convertible notes.
Crypto fraud is on the rise, with the FTC reporting a surge in romance scams where criminals develop relationships with victims to steal their crypto holdings.
Nigeria dropped tax charges against Binance executives, while Thailand revoked the operating license of crypto exchange Zipmex.
The NFT market saw a 17% increase, driven by a 50% jump in Bitcoin NFT sales, surpassing Ethereum in volume.
Paradigm announced an $850 million fund for early-stage crypto projects, while blockchain startups secured a combined $109.3 million in funding.
Hacking remains a threat, with OKX customers falling victim to a SIM swap attack, Lykke suffering a $22 million theft, and UwU Lend losing $19.3 million in a smart contract exploit.
This week's crypto news is packed with updates on Bitcoin, Ethereum, and various other projects. Bernstein, a prominent asset manager, predicts Bitcoin will reach $1 million by 2033, fueled by ETF-driven demand and a potential $200,000 price point in the current cycle. Meanwhile, Ethereum ETFs are expected to launch in July, with analysts like Eric Balchunas predicting their imminent arrival. In a significant development, MicroStrategy announced plans to buy more Bitcoin using $700 million in convertible notes. Crypto fraud remains a concern, with the FTC reporting a surge in romance scams where criminals develop relationships with victims to steal their crypto holdings. Nigeria dropped tax charges against Binance executives, while Thailand revoked the operating license of crypto exchange Zipmex. The NFT market saw a 17% increase, driven by a 50% jump in Bitcoin NFT sales, surpassing Ethereum in volume. In other news, Paradigm announced an $850 million fund for early-stage crypto projects, while blockchain startups secured a combined $109.3 million in funding. Hacking remains a threat, with OKX customers falling victim to a SIM swap attack, Lykke suffering a $22 million theft, and UwU Lend losing $19.3 million in a smart contract exploit.
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