Crypto Market Reacts to Fake News, Embraces New Utilities, and Faces Regulatory Scrutiny
Crypto Market Reacts to Fake News, Embraces New Utilities, and Faces Regulatory Scrutiny
The crypto market experienced a mix of events, from significant volatility triggered by fake news about a major Bitcoin holder selling assets, to novel adoption scenarios like a micronation accepting Solana for citizenship. Simultaneously, a prominent DeFi protocol faced public backlash over governance issues and perceived regulatory overreach, while a company heavily invested in Bitcoin saw its market cap fall below its BTC holdings, sparking concerns among investors.
Strategy investors panicked into trades after fake news about the company selling BTC earned millions of social media impressions.
Unrecognised micronation the Free Republic of Verdis is now officially accepting SOL, USDC, and VERDIS as a means to gain citizenship.
The crypto community has hit back at Amanda Fischer’s comments on Uniswap’s recent governance shakeup, sharing stories of a “weaponized” SEC.
Strategy investors invented the term "mNAV" to boast about overpaying for MSTR stock. That came back to haunt them.