This article highlights the key developments in the crypto world over the past week, with a focus on investigations surrounding Donald Trump's dealings and important updates from leading crypto platforms.
House Democrats Demand Investigation into Trump's Crypto Dealings
House Democrats in the U.S. Congress are ramping up scrutiny of Donald Trump’s crypto ventures, urging the Treasury to examine all suspicious activity reports linked to the Trump-themed TRUMP token and World Liberty Financial. The aim is to uncover potential fraud and campaign finance violations.
Other Major Events in Crypto
* Coinbase rebuffed a $20 million extortion attempt following a data breach. * Sygnum Bank has included staked Solana (SOL) as collateral for crypto-backed loans. * Singapore’s High Court has ordered the liquidation of the Multichain Foundation. * Europol dismantled a 'mafia crypto bank' laundering over €21 million. * A British court imposed restrictions on Craig Wright.
Market Trends: Top Gainers and Losers
This week, the top gainers in cryptocurrency included: * Launch Coin +10,489.17% * Moo Deng +226.37% * BabyBoomToken +154.95%. Conversely, the biggest losers were: * Apex -42.01% * Ava AI -23.19% * REVOX -42.12%.
The week in the crypto world has been marked by significant events, including political inquiries and critical market updates. Ongoing regulatory changes and an unstable market underline the importance of staying informed in this rapidly evolving sector.
