The past few days have been eventful in the crypto space: from founder deals to predictions and hacker attacks.
Biggest Story
Gotbit founder Aleksei Andriunin has pleaded guilty to market manipulation and wire fraud. He reached a deal with U.S. prosecutors that caps his prison sentence at 24 months in exchange for forfeiting $23 million in crypto. Initially facing over 20 years in prison, he will avoid additional financial penalties. The plea deal now awaits court approval.
Other News Making Waves
Coinbase has solidified its dominance as Ethereum's largest node operator. The Ethereum Foundation aims for a more founder-driven growth approach. Bakkt Holdings faces a major shakeup as key partners exit. Ripple's CEO predicts XRP ETFs by 2025. Four.Meme suffers another security breach. The New York Supreme Court reviews the Libra token scandal.
Market Trends: Winners and Losers
According to CoinGecko, Tutorial USD is the week's biggest gainer with a 5,937% increase. Among the losers, WhiteRock decreased by 43%.
These events highlight the crypto industry's dynamism and the growing need for strict regulation and security measures.
