Bitcoin and Ethereum Bitcoin and Ethereum kick the week off with moderate gains


The Cryptocurrency Markets saw some healthy recovery over the weekend, enjoying a 6.6% rise to US$1.13tn come Monday morning.


Bitcoin (BTC) slightly underperformed with a 3.3% rally to US$23,600, while Ethereum (ETH) took the charge by rallying up to 7% to open the week at US$1,730.


It was a bullish kind of a weekend for Binance Exchange is largest decentralised exchange (DEX) PancakeSwap, having added over 16% to its US$680mln market capitalization.


Ethereum is largest DEX Uniswap, on another hand, added a more conservative 1.2%.



The decentralised finance (DeFi) market as a whole is up 2.9% since Friday, with MakerDAO, Aave and decentralised stablecoin exchange Curve all performing well on the markets.


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Oasis Network is ROSE coin jumped 25% in the past 24 hours alone.


The Layer-1 Blockchain Technology gained attention recently following a partnership announcement with Meta to develop privacy-protected AI systems.


Also Read: Crypto Exchange Huobi Now Able To Operate In Australia


Support for an Ethereum “hard fork” network is growing, with Tron blockchain technology founder Justin Sun pledging to donate funds to developers of the proposed network.


A hard fork is being pushed by existing Ethereum miners who stand to lose substantial revenue streams when Ethereum moves away from mining in the upcoming months.


Also Read: Celsius Withdraws Motion To Hire CFO Back At $92,000 Per Month


Misunderstanding is mounting over Binance is involvement with Indian Cryptocurrency Exchange WazirX after the latter is assets were frozen by India is financial crime-fighting regulatory agency on forex violations.


Binance had previously recognized ownership of the exchange; CEO Changpeng Zhao has now denied the fact in a series of Tweets.


Luxury jewellery retailer Tiffany’s sold out of its limited-edition CryptoPunks pendants in a matter of minutes, raising an estimated US$12.5 million this weekend.


Selling for around US$50,000 each, the pendants will be designed based on each buyer is CryptoPunks NFT and shipped in early 2023.


The company has hinted that a second round will be offered in the near future.


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