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The Reserve Bank of Zimbabwe sold $39 million worth of gold-backed digital tokens despite IMF warnings, aiming to stabilize the economy and address local currency depreciation. However, the IMF recommends liberalizing the foreign-exchange market, citing concerns about financial stability risks, operational risks, and governance risks.

In light of an $8 billion trading volume influx, the future valuation of Bitcoin has become a hot topic. With 40.083% of the total Bitcoin supply dormant for over three years, investor behavior and key technical indicators may reveal potential price trajectories and the end of cryptocurrency’s recent downturn.

Crypto startups received approximately $56 million in funding this week, focusing mainly on DeFi and NFT-related projects. Blockworks secured the largest sum of $12 million, while Pudgy Penguins obtained $9 million and Odsy Network collected $7.5 million. These figures reflect the continued flow of investments into the crypto and Web3 sectors.

The legal battle between Ripple Labs and the SEC raises concerns for XRP’s escrow holdings managed by Ripple. A potential court ruling against the company could impact its control of XRP tokens, disrupting business alignment and possibly forcing Ripple to consider alternative cryptocurrencies for cross-border payments.

Former QuadrigaCX users will receive only 13% of their total claims as accounting giant Ernst & Young published a notice regarding the 13.094156% payout to each creditor. QuadrigaCX owes CAD $303.1 million across 17,648 claims, including Canada Post and Canada Revenue Agency. The exchange’s collapse in 2019 highlights the need for proper oversight and regulation in the crypto market.

Bitcoin traders closely watch support levels amid concerns about the market’s future after a “scam wick” led to a two-month low. As the weekend commenced, analysts identified the critical $26,500 milestone for considering long positions but expressed skepticism due to the Binance order book’s state and lack of bid liquidity.

This week, Tether reported $1.48 billion profit and increased crypto adoption by institutions like PayPal and Goldman Sachs. However, the Central Bank of Ireland Governor likened cryptocurrencies to a “Ponzi scheme.” US lawmakers are considering crypto regulations under SEC and CFTC supervision.

Shiba Inu, the world’s second most popular meme coin, has left 81% of its investors in the red, with gains eroding to just about 10%. As its value and other meme coins’ plummet, potential investors must consider the risks and conduct independent research before investing in these volatile assets, ensuring market stability and investor safety.

Elon Musk’s appointment of Linda Yaccarino as Twitter’s CEO raises questions about potential integration of crypto payments on the platform. This could impact the crypto market, promoting adoption and decentralization, but it also carries risks like hacking and regulatory scrutiny.

A wave of 33 trillion PEPE tokens, valued at approximately $46.37 million, has hit various crypto exchanges, potentially signaling an imminent large-scale sell-off and a dramatic drop in the token’s value. Amid the uncertainty surrounding the popular memecoin, both bullish and bearish outcomes seem feasible; thorough market research is essential before investing.

Bitcoin recently experienced a 10% price decline, raising questions about its key $25,000 support level. As market sentiment and price action influence Bitcoin’s future direction, long-term holders continue accumulating tokens despite the cryptocurrency’s decline. Monitoring the price will help determine the market’s direction in the coming days.

Bitcoin and ether are trading in holding patterns despite macro data and Ethereum’s energy-efficient upgrade. Meanwhile, DeFi developments show promise, with Curve and Aave launching stablecoins soon. While challenges remain, the future of blockchain and digital assets is full of opportunities and uncertainties, requiring informed decision-making from investors.

Bitcoin dipped below $27,500, neutralizing gains from U.S. inflation data and experiencing a 7.57% decrease in price over the past month. Changing macroeconomic conditions and interest rate hikes contribute to the decline, yet Bitcoin whales show a bullish divergence by acquiring 0.29% of supply.