COCO PAY presents a roundup of the most important web3 news from the past week. Don’t miss out!
– The prices of 86% of meme tokens promoted by influencers on X over the past three months have plummeted by more than 90%.
– Vancouver Mayor Ken Sim proposed adding Bitcoin to the city’s financial reserves.
– Brazilian Congressman Eros Biondini introduced a bill to create a national Bitcoin reserve (RESBit), aiming to allocate up to 5% of the country’s international reserves, worth $372 billion, for purchasing Bitcoin.
– The SEC collected $8.2 billion in enforcement actions during the 2023 fiscal year, with $4.47 billion coming from a settlement with Terraform Labs (TFL).
– USDT strengthened its position on the Ethereum network, once again surpassing TRON. The last time USDT dominance on Ethereum was observed was in July 2022.
– Morocco legalized the use of cryptocurrencies, lifting the ban imposed in 2017.
– The market capitalization of meme token Dogecoin reached $59.5 billion, surpassing the $56.8 billion valuation of automaker Porsche.
– Starting December 1, 2024, Coinbase will discontinue USDC reward payouts for users in the European uniоn.
More updates are coming soon. COCO PAY — always in the know!
