We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics.
Here is everything you need to know for the week of January 15th to 19th.
📈 Weekly BTC and ETH Overview
Over the past week, after attempting to surpass the crucial $48K resistance, Bitcoin faced significant selling pressure, leading to a notable rejection and a decline to the $41K level. Nevertheless, it appears poised for a short consolidation before its next significant market movement.
Ethereum has seen a substantial surge, as it dropped below $2.5K. Nevertheless, it’s only one week after the ETF approval, and the market is correcting, thus many analysts are looking out for a potential reversal. At the time of writing, BTC is trading at $41.3K, down 2.44% in the last 24 hours. Similarly, ETH is trading at $2.48K, down 1.2% in the previous 24 hours.
🗞️ Top Market News
- BlackRock's Bitcoin ETF achieves record inflows, surpassing the $1B mark. This marks them as the first among the nine new ETFs directly holding the cryptocurrency to achieve this milestone since their trading debut last week. Read more here.
- The Gemini crypto exchange, founded by the Winklevoss Twins, is preparing for launch in France. The company plans to launch its products for retail and institutional clients in France in the coming weeks, completing final preparations to open its platform to French users. Read more here.
🚀 New Project Developments
- Amulet (AMU) introduces its token via KuCoin BurningDrop. Amulet (AMU) will be on BurningDrop from January 17, 2024 (UTC), with the KCS pool open for user subscriptions. Subscribers can also burn KCS for extra AMU airdrops during the Burning Acceleration Period. Read more here.
- Blocklords (LRD) details its upcoming token generation event (TGE). The project has announced its upcoming TGE for $LRD token. Blocklords, a player-driven MMO medieval strategy game by MetaKing Studios, has 40k+ downloads on Epic Games, 1M weekly hours played, and 2.2k battle passes claimed. Read more here.
- Apeiron (APRS) initiates the ANIMA campaign, featuring a "Play-to-Airdrop" approach. The campaign enables players to earn Airdrop Points (AP) for Season 3. $ANIMA token distribution in Season 3 will utilize 'battlevesting,' requiring players to complete daily tasks to unlock their shares. Read more here.
🔍 More Featured Stories…
Colombia takes steps forward in cryptocurrency regulation, with a focus on Bitcoin. Colombian Finance Minister Ricardo Bonilla emphasized the government's commitment to regulating Bitcoin at the World Economic Forum in Davos. Efforts are concentrated on a working group drafting a comprehensive cryptocurrency bill for the country since last year. Read more here.
