And that’s a wrap for another week. But you know how we do. We just can’t let you go without a full recap of crypto’s best news from all around the world. First, let’s take a look at the market’s best and not-so-best performers. 

Top Gainers

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Source: CoinMarketCap
  1. MemeCore (M) Everyone loves a good meme, and some Memecore. Memecore is having a great week with a mindblowing 1362.64% uptick, bringing the price to $0.7996.
  2. Story (IP) comes in strong at the second position with a sizeable 62.95% gain, driving its price to a very nice $4.73
  3. Stellar (XLM) also got a big win. The token rose by 51.52% and the coin is now selling at $0.3608.

Top Losers

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Source: CoinMarketCap
  1. Jito (JTO) leads the pack of the biggest losers for this week. The token lost by 6.33% which drove its price down to $1.92.
  2. PI (PI) The life of Pi has not been going so great. The token saw a downturn of 0.83% over the week and is now selling at $0.4675.
  3. OKB (OKB) Things are not going exactly OK for OKB. The token dropped off 0.17% over the week, but its $48.90 price is still more than decent. 

Crypto Meme Of The Week

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Source: beingcrypto

“Off The Grid” GUN Token Gunning For Solana Launch

From an exclusive launch on Avalanche, the GUN token, from the Off The Grid shooter game, announced on Thursday that it will be expanding to Solana. The move is not just speculation; the wedding knot has been tied. Solana already powers GUNZ, the game’s dedicated L1 network. The game has also released a Solana-themed skin pack.

Contrary to the opinion of many, this move is not coming because there was anything bad about Avalanche. It was motivated largely by GUN’s aim to lower the entry barrier for users to buy the token. It might also interest you to know that there is a potential for GUN to go to other chains as well. Why do we say that? Well, the makers of GUN have called the Solana move a “multi-chain strategy”. So, we could have GUNZ on multiple chains. I don’t know about you, but that sounds like a lot of GUNZ.

OpenSea Wants To Become The Everything App For Onchain Solutions

For years, many platforms have been trying to build an everything app, like China’s WeChat, but none have succeeded. OpenSea is taking a different approach. It wants to build an everything app, this time for on-chain solutions. 

To further that goal, the NFT marketplace has now purchased Rally, a mobile-focused Web-3 platform, to bring token and NFT trading to mobile devices. The purchase was announced on Tuesday,  and it came with a lot of interesting news. Apparently, Rally co-founders Chris Maddern and Christine Hall will now be joining OpenSea’s leadership team. Oh, and they developed a catchy catchphrase to mark the occasion: “Buckle up. The future of NFT and token trading fits in your pocket.”

South Korea Plans On Being Nice To Crypto 

After a long spell of what some might call crypto unfriendliness, South Korea has finally decided to let in Crypto, and they’re going all out. The country’s Ministry of SMEs and Startups made an announcement on Wednesday that it is planning to lift restrictions that have prevented crypto-related businesses from qualifying as venture companies. These companies, currently operating as “virtual asset” companies, have been blocked from the government’s tax breaks and financial support. The South Korean Ministry has declared that it will now be putting in place institutional and legal safeguards to protect crypto users. In the Ministry’s own words, it has had a “shift in perception,” and to that, every South Korean fan says, “it’s about time.”

DigitalX Recruits New Talent, Raises Funds To Buy Bitcoin

Bitcoin seems to be in everyone's plans these days. DigitalX (DCC), Australia’s sole ASX-listed crypto fund manager, is the latest in a number of institutional investors to announce interest in acquiring more Bitcoin. The crypto fund manager has raised A$20.7 million (US$13.5 million) from a consortium of digital asset investors. And the one aim of that fundraising is to expand its Bitcoin holdings and establish a new strategic advisory board.

The strategic advisory board has, however, come from freshly recruited talent. Animoca's Executive Chairman, Yat Siu, and Web3 advisor Hervé Larren are the newly added talent to DigitalX’s new advisory board. Although DigitalX says the raised funds cover the new Bitcoin purchase and the establishment of the advisory board, it remains unclear whether their new staff will be paid out of that money. Either way, more Bitcoin doesn't sound like a bad idea at all.

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