A strong Thanksgiving marred by crypto black Friday.  For last week’s edition of Last Week On Sunday, click here. Week In Review: Crypto Black Friday Everything went on sale in crypto on Black Friday. Unfortunately, Coinbase didn’t officially become the Walmart of crypto — I didn’t see any fights over Shiba Inu tokens going viral […] The post Last Week On Sunday – Crypto Black Friday appeared first on CryptosRus.

Last Week On Sunday – Crypto Black Friday

A strong Thanksgiving marred by crypto black Friday. 

For last week’s edition of Last Week On Sunday, click here.

Week In Review: Crypto Black Friday

Global market cap for crypto Black Friday till Sunday. Credit: CoinMarketCap.com

Everything went on sale in crypto on Black Friday. Unfortunately, Coinbase didn’t officially become the Walmart of crypto — I didn’t see any fights over Shiba Inu tokens going viral on Twitter.

After a pretty decent Thanksgiving — that included our staff revealing the identity of Satoshi Nakamoto — the market fell from a high of 2.7 trillion USD to around 2.4 trillion. Not that huge of a drop, but with Bitcoin hitting $53,500 at one didn’t exactly help the rest of the weekend.

But as Andrew, our in house TA guy, pointed out things are looking up.

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The Good

Jerome Powell will continue as Fed Chair. Though, he has said some negative things about stablecoins and crypto, his reign at the helm of the Federal Reserve coincided with some massive gains for the market.

Brave Browser’s Basic Attention Token (ticker symbol: BAT) defied the market and had a strong week. BAT is up 41% for the week, and over 125% on the month. It’s currently trading in the $1.60 USD range. A few weeks ago Brave integrated with Solana to increase their reach into DeFi.

This week we saw not one, but two Adidas announcements two days in a row. On Tuesday, Adidas partnered with metaverse game The Sandbox. Then, on Wednesday, Adidas announced a vague partnership with Coinbase. The German Sneaker company’s announcements got a very positive reaction, unlike a certain social media giant announcement.

The Bad

A big week for FUD.

Cardano was delisted from a z-list exchange. This made news because eToro apparently claims there are regulatory concerns surrounding Cardano, but not Shiba Inu, which they currently have available for their customers. Weird weird weird.

Doesn’t seem like it should make much of a difference. Especially since Cardano just got added to Bitstamp, a far larger exchange than eToro. Sounds like increased liquidity week over week for the smart contract protocol. By the way, dexs are coming fast. Check out Brady Tinnin’s on some of the most promising ones coming to Cardano.

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Also, Celsius was in the news this week thanks to their CFO getting charged with money laundering. As expected tons ‘o FUD across the Twittersphere.

Lots of bated breath exclamations about the immediate demise of Celsius; none of them true. Especially this one from Bitfinex’ed, where he claimed that a large USDT mint on Tron was intended as an emergency fund for Celsius. Of course, that wasn’t the case. Seeing as the money is still in the wallet. Not to mention, it’s a reserve wallet that’s makes those types of transactions regularly. But hey why let facts get in the way of a good time.

The Funny

And, the Oscar goes to… Cameron Winklevoss, for pretending to know what a dollar store is.

 

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