Top Crypto News This Week: The Latest Trends in Crypto and Blockchain | Weekly Crypto Review

This week’s analysis report delves into the major developments in the Web3, Blockchain, and Crypto sector, all backed by quality data. Here are some of the key highlights from the past week:

1. **SEC Lawyers Resign Amid Sanctions Over Crypto Fund Case**: Two SEC lawyers resigned following a federal judge’s sanctions against the agency for false statements in a $49 million crypto fraud case involving Digital Licensing Inc.

2. **BlackRock’s IBIT Fund Achieves 70-Day Daily Inflow Streak**: BlackRock’s IBIT fund entered the top ten longest daily inflow streaks among U.S. exchange-traded funds with a 70-day milestone, tying with JETS.

3. **Scammers Abandon Solana Meme Coin Projects After Massive Profits**: Twelve Solana presale meme coin projects were abandoned, scamming investors out of $26.7 million amidst the meme coin frenzy.

4. **Shiba Inu Raises $12 Million for Blockchain Security and Expansion**: Shiba Inu secured $12 million from non-US investors to fund blockchain development and enhance security.

5. **Grayscale Files for Smaller Bitcoin ETF With Competitive Fees**: Grayscale applied for a smaller Bitcoin ETF, the Bitcoin Mini Trust, with competitive fees to compete with other ETFs.

6. **NYSE Considers Round-The-Clock Stock Trading, Like Crypto Exchanges**: The New York Stock Exchange explored the possibility of 24/7 stock trading, similar to crypto exchanges.

7. **Railgun Denies Claims of Laundering by North Korean Entities**: Crypto privacy protocol Railgun refuted accusations of being used for money laundering by sanctioned entities.

8. **Kraken Launches Self-Custodial Mobile Wallet for Crypto and NFTs**: Kraken introduced its self-custodial mobile wallet, Kraken Wallet, supporting a wide range of assets.

9. **Akira Ransomware Group Linked to Over 250 Global Breaches**: The Akira ransomware group breached over 250 organizations, accumulating nearly $42 million in ransom payments.

10. **Hong Kong Authorities Arrest 70 in JPEX Crypto Scandal**: Hong Kong authorities arrested over 70 individuals linked to the JPEX cryptocurrency scandal.

11. **Ernst & Young Launches Ethereum Solution for Business Contracts**: Ernst & Young launched OpsChain Contract Manager, an Ethereum solution for managing complex business agreements.

12. **“Jay Mazini” Sentenced to Seven Years for Crypto Fraud**: Jabara Igbara, known as “Jay Mazini,” received a seven-year prison sentence for wire fraud and money laundering.

13. **Bitcoin Rollups Enable Unlimited Smart Contract Functionality**: A new system outlined by BitcoinOS enables rollups on Bitcoin, offering unlimited smart contract functionality.

14. **Nubank Launches Bitcoin Withdrawal and Deposit Feature**: Sao Paulo-based Nubank now allows customers to send and receive Bitcoin, Ethereum, and Solana through its app.

15. **Tether Freezes Wallets Linked to Venezuela’s Oil Sanctions Bypass**: Tether froze wallets associated with Venezuela’s attempts to circumvent U.S. sanctions on oil exports.

16. **Binance Founder Faces DOJ’s Recommended Three-Year Prison Sentence**: The U.S. DOJ recommended a three-year prison sentence for Binance founder Changpeng Zhao for violating the Bank Secrecy Act.

17. **SEC Demands $5.3 Billion Payment from Terra and Do Kwon**: The SEC requested Terraform Labs and founder Do Kwon to pay $5.3 billion for damages related to their failed Terra blockchain.

In addition to these developments, the report also covers Blockchain Performance, ICO Landscape, and Weekly Blockchain Hack Analysis, providing comprehensive insights into the industry’s recent activities and trends. In a recent cyber attack, nearly $1.7 million was stolen through the compromise of a private key. This incident is the only reported hack for this month. As we delve into a detailed analysis of Web3, Blockchain, and Crypto this week, we uncover valuable insights that can help individuals and businesses stay informed about market trends. With the ever-changing landscape of decentralised technologies, it is crucial for stakeholders to strategically integrate technology and data-driven decision-making to navigate these dynamic realms effectively.