Crypto Market This Week: Sony, Telegram CEO & OpenSea Seize Attention
Release: 2024/09/01 13:30 Reading: 547
Weekly Crypto Market Highlights
Major Industry Developments
- Sony Unveils Ethereum L2 Testnet: Sony Blockchain Solutions has launched the testnet phase for its Ethereum Layer 2 solution, Soneium, in partnership with Web3 company Startale.
- Telegram CEO Faces Legal Scrutiny: French authorities detained Telegram CEO Pavel Durov for alleged illicit use of the platform. Durov was released but remains under judicial supervision.
- OpenSea Receives Wells Notice from SEC: The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to NFT marketplace OpenSea, citing concerns that digital collectibles traded on the platform may constitute securities.
Notable Market Events
- Kraken Expands Futures Trading: Exchange Kraken has introduced futures trading for Shiba Inu, Pepe Coin, and dogwifhat.
- Optimism Surrounds Bitcoin and Altcoin Price Predictions: Lower-than-expected U.S. PCE Inflation data has boosted market sentiment towards the future value of Bitcoin and altcoins.
- Ethereum Co-founder Denies ETH Sales: Vitalik Buterin has refuted claims of selling any ETH proceeds, despite the decline in his holdings.
Other Industry News
- XRP Documentary to Debut on Streaming Platforms: A documentary about XRP is scheduled for release on Amazon and Apple TV in November.
- TON Blockchain Outage: The TON blockchain experienced a six-hour outage earlier this week, raising concerns among investors.
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