TGIF! Are you excited for the weekend? Grab some popcorn and read the juicy gist in crypto this week. There has been a mix of different kinds of crypto news, from Unicorns to crypto policing. But before we get into the top stories, let’s check out crypto’s losers and winners.
Top Gainers
- Sei (SEI) is this week’s biggest winner with a 38.17% increase to hit a new price of $0.2818.
- Maple Finance (SYRUP) comes in second with an impressive uptick of 28.73% to reach $0.6119.
- FOUR (FORM) ironically comes in at third position with a 15.76% gain, which now has it selling at $2.81, just inches close to the $3 mark.
Top Losers
- AB (AB) is unfortunately Z in this list. A 37.16% downtick crowns it the king of the losers this week, with a new price of $0.008569.
- JITO (JTO) wraps up the list as the second loser. The token went down 11.96% to sell at $1.93.
- Virtuals Protocol (VIRTUAL) although selling at $1.45, is the week’s third biggest loser, with a loss of 11.82%.
Crypto Meme Of The Week
MasterCard Adopts Fiserv’s FIUSD Stablecoin For “New Era” Of Payments
There is no argument that MasterCard is one of the biggest “masters” of currency and payments, and the company seems to really enjoy that title. Known mostly for processing fiat transactions, MasterCard has now added FIUSD to its roster of new era payments. In a Tuesday press release, the payment giant revealed that this move will give more than 150 million merchants access to the dollar-pegged FIUSD. The vision for the new era, according to MasterCard America’s President Chiro Aikat, is one “where stablecoins are as ubiquitous and trusted as fiat currencies.”
But it doesn’t just stop there, MasterCard is going all the way with this new partnership. The payment company would be integrating FIUSD into MasterCard’s renowned Multi-Token Network. There would also be “stablecoin-powered” cards in the deal. We’ll probably get even more features as time goes on, but one thing is sure: this is one fine union.
PolyMarket Seeks ‘Unicorn’ Status, Set For 200 Million Raise
Some call it a blockchain prediction market platform, some call it a crypto betting site. Whatever you name it, we might all be calling it a Unicorn soon.
According to reports, Peter Thiel, the billionaire entrepreneur, is set to lead Polymarket’s latest funding round through his Founders Fund. The $200 million funding round, if successful, might not see Polymarket grow a horn, but it sure would give it unicorn status, making the platform worth $1 billion.
Despite Polymarket being banned for American users, the platform is doing well, and a $1 billion valuation may just be what it needs to crown itself for all of its success.
Sharplink Gaming Can’t Get Enough Of Ethereum
Sharplink Gaming is currently the largest publicly traded Ethereum treasury company, and it is living up to that title. While some have had enough of Ethereum, this Minneapolis-based Ethereum treasury cannot seem to get enough of the number two top crypto. Reports have it that SharpLink has now added $30 million worth of ETH to its already impressive stash. Running the numbers, the company bought 12,207 ETH at an average price of $2,513 between June 16 and 20. This purchase has bumped up its ETH stash to 188,478 ETH, which is worth around $461 million, going by recent Ethereum prices.
Nobody seems to have more faith in Ethereum than Joe Lubin, Chairman of the SharpLink Board, who said that
“This move reflects our confidence in Ethereum’s utility and our commitment to exploring transformative technologies that can unlock new value for our business and stockholders, alike.”
It may sound like overkill to many, but what can an Ethereum Treasury do other than keep treasuring and buying Ethereum?
Turkey Wants To Start Policing Crypto Transactions?
Crypto’s whole vibe is “no rules, no rulers,” right? And with that universal rule, you’d think nobody would think of policing crypto, but Turkey disagrees. A report shows that Turkey is seriously looking to start regulating crypto transactions. But it’s not like they just woke up with crypto-phobia; the move is in a bid to combat money laundering and financial crime. According to the report, given by Turkey’s Anadolu Agency (AA), the government has already proposed measures to handle the situation. Crypto platforms would need to collect not just detailed information on the origin of every transfer, but also on the purpose of those transactions. Users would need to provide a transaction description for every transfer, and it has to be at least 20 characters each.
While 20 characters is not exactly an essay, it makes you wonder what the crypto world is coming to, and maybe any random 20 characters would work.
Tanya Petrusenko
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.
