Crypto Market Update 24-11-23

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Happy Friday everyone!

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Lately, it's been a non-stop marathon of tasks and projects for us, and that's why we weren't able to bring you the weekly recap last Friday, but here we are today to fulfill our weekly duty with you! 😎📰

Last 7 Days Market Performance 

Bitcoin is up 3.9%, now at $ 37,730.00 📈

Ethereum is up 7.9%, now at $ 2,108.00 📈

Total crypto market cap: $ 1.49 Trillion

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Fact for the week 🤔:

🤖 Sam Altman, the man of the moment due to ChatGPT enormous success, was sacked last Friday from his CEO role at OpenAI, the company who created the ultra famous chatbot… this only to be rehire again a few days later for the same CEO role! This wouldn’t be that much of a problem if we weren’t talking about the famous Artificial Intelligence program which many fear will eliminate our jobs, or even gain power over humans! Well if you thought crypto was the true rollercoaster, better think again 😅
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Onto this week’s updates 🚦

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🔴 Binance and CZ got burned 🔥

It's incredible how much can happen in the space of 15 days in crypto. Changpeng Zhao, also known as “CZ”, founder and CEO of Binance, is stepping down and has pleaded guilty to a number of violations brought on through the U.S. Department of Justice. Binance on other hand will be able to continue activity, but forced to pay fines totaling $4.3 billion. The charges are serious, Binance was being accused of enabling money laundering for sanctioned entities considered to be terrorist organizations. 💸

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🟡 PSG drops NFTs for Blvck Paris fashion 👕

Market is becoming more positive, and with that of course comes new collections of NFTs. The football giant Paris Saint-Germain F.C. and avant-garde fashion brand Blvck Paris have teamed up for an exclusive new collaboration fusing sports, fashion, and digital artistry, the companies announced in a joint press release Wednesday. The launch of collections of this kind, given the weight of both names involved, is always worth noting as a greater adoption of the crypto space. 🌎
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🟢 French Investors Favor Crypto 🇫🇷

In France, crypto has overtaken stocks and ETFs as the top choice for new retail investors. A new study shows 9% of French adults now own cryptocurrencies like Bitcoin and Ethereum, compared to 7% in stocks and 2% in ETFs. This new wave of predominantly young, male investors leans towards digital assets, influenced by higher return prospects and social media advice. 🗼

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🎬Well, Binance news have been shocking the world, but if you’ve been reading our weekly recap, that shouldn’t surprise you. Now it's up to the industry and projects like Lympid to restore legal confidence in the crypto space. ✅

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As always, you can join us at lympid.io ✅

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Lympid: Crypto interests on a trusted, regulated platform

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Talk next week 👋

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