The past week was marked by important achievements in the crypto industry that triggered significant price volatility.
The US SEC approved the listing of eight Ethereum ETFs which was an unexpected turn of events, but an important win for the industry.
The regulator approved the proposal of Grayscale and Bitwise to trade on the NYSE stock exchange; iShares (BlackRock) on Nasdaq; along with VanEck, ARK/21 Shares, Invesco, Fidelity, and Franklin Templeton on the Cboe BZX stock exchange.
Other notable events include former President of the US, Donald Trump, reiterating his massive support for the crypto industry.
In the past seven days, Bitcoin witnessed a growth of 3%. BTC is currently trading above the important mark of $68,000.
Ethereum saw an impressive price surge in the past seven days of over 26%. At the moment of writing this article, ETH is trading at $3,900.
The overall crypto market witnessed high price volatility amidst high political support for the industry and the top gainers of the past week are tokens with significant gains.
The token recorded an impressive price price during the past seven days of more than 360%. At the moment of writing this article, TURBO has a total market cap of over $397 million.
The team behind the project announced via X a few hours ago that the Turbo Revolution 2024 is here, highlighting that the project is 100% community-driven and owned, and it shows the world how the power of people’s movement can transform lives.
From grassroots to greatness, the $Turbo Revolution 2024 is here!
100% community driven and owned, we stand together to show the world
how the power of a people’s movement can transform lives.
#DigitalWealth #TogetherWeCan pic.twitter.com/K422r696dM
— Turbo
(@TurboToadToken) May 26, 2024
TURBO is a memecoin created by AI. Turbo Token began as a bold experiment and it was inspired by the power of artificial intelligence. The project’s founder turned to GPT-4 with a simple challenge: to create the “next great” memecoin.
MOG is another coin with an impressive price rise over the past week. MOG surged by over 160% in the past seven days. The token’s market cap is over $577 million.
On May 22, BitMart announced the listing of MOG with trading beginning on the same day.
#BitMart is thrilled to announce the listing of Mog Coin (MOG) @MogCoinEth
Trading pair: $MOG/USDT
Deposit: Available
Trading: 5/22/2024 09:00 UTC
Learn more: https://t.co/JwCvd1fT85 pic.twitter.com/D9aRhEYY3e
— BitMart (@BitMartExchange) May 22, 2024
MOG is a memecoin that claims to be unique thanks to the team’s passion for memes and viral content.
BB is another token that witnessed a significant price during the past seven days of 120%. BB’s total market cap is $287 million.
BounceBit (BB) is the first project on Binance Megadrop, a new token launch platform with airdrops and Web3 quests. BounceBit (BB) is a Bitcoin restaking chain.
On May 24, the team at BounceBit announced that the BounceBit Premium Yield Generation can be tracked on DeFiLlama under the NEW category.
CeDeFi season is arriving
BounceBit Premium Yield Generation can now be tracked on DefiLlama under the NEW category:
“Basis Trading” https://t.co/KgImQpblp2
thank you @DefiLlama
pic.twitter.com/DfdBVASpyA
— BounceBit (@bounce_bit) May 24, 2024
They also announced that they are “riding the CeDeFi wave” with EthenaLabs with new details coming this week.
BounceBit (BB) is a Bitcoin restaking chain with an innovative CeDeFi framework. Via a CeFi and DeFi framework, BounceBit empowers BTC holders to earn yields across multiple sources.
EDU saw a significant price rise in the past seven days of over 100%. The total market cap of the token is currently over $306 million.
The team at Open Campus announced via X on May 22 the first decentralized education node sale. They wrote that users can validate transactions on EDU Chain, the blockchain for education, and earn rewards as node operators.
Excited to announce the first decentralized education node sale.
Introducing Principal Nodes!
Validate transactions on EDU Chain, the blockchain for education, and earn rewards as a node operator. pic.twitter.com/hWYvHrKmhL
— Open Campus (@opencampus_xyz) May 22, 2024
Also, they announced a strategic partnership with Unicorn Verse, a renowned Web3 liquidity empowerment accelerator and strategic investment firm.
The Open Campus Protocol is a decentralized solution for educators, content creators, parents,m students, and co-publishers. At the core, the protocol is a community-driven initiative that uses blockchain tech to create a fairer education system.
Open Campus Protocol empowers students to access more diverse educational content while providing educators with new opportunities to earn revenue and gain recognition for their contributions. The goal is to revolutionize the US$5 trillion Education industry by returning control to educators and learners.
EDU is a fungible token that powers the Open Campus Protocol.
The BITCOIN token saw a surge of over 87% in the past seven days and the coin has a market cap of over $176 million.
HarryPotterObamaSonic10Inu (BITCOIN) is an “endgame of crypto-assets,” according to the team behind the project. The token incentivizes the creation of novel and entertaining meme content.
They have a growing community, with ownership renounced and Liquidity locked. They created a full audit, an NFT collection and they explore new partnerships with other projects. The goal is to create an ecosystem for active community members to meet and collaborate.