The biggest crypto news of the past week

Amid revolutionary announcements, technological developments, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic struggles. Here is a condensed overview of the most notable news of the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.

Bitcoin Whales Control 40% of the Supply

Bitcoin whales, those investors holding significant amounts of BTC, have now accumulated more than 40% of the total crypto supply. This trend, observed since mid-March, reveals an increased confidence of these entities in Bitcoin’s long-term potential, despite market concerns over price fluctuations. However, such concentration could lead to price manipulation and increased volatility, posing significant risks to market stability.

Binance Reaches 200 Million Users

Binance has surpassed the milestone of 200 million users. Since its inception in 2017, Binance has innovated by offering diversified services, from spot trading to futures contracts, and decentralized finance (DeFi). This significant milestone reflects user loyalty and trust and showcases Binance’s commitment to making cryptos accessible to everyone. Beyond simple exchange, Binance promotes education and innovation in the blockchain sector through initiatives like Binance Academy and Binance Research. This impressive growth highlights the success of Binance’s vision and its key role in the global adoption of cryptocurrencies.

ECB Reopens the Floodgates: Good News for Bitcoin

The European Central Bank (ECB) has decided to lower its key interest rate from 4.50% to 4.25%, a first in five years, despite a recent increase in annual inflation. This decision aims to revive the European economy by facilitating access to credit, although Christine Lagarde, President of the ECB, highlighted geopolitical and economic uncertainties that could affect inflation and energy prices. This rate cut is seen favorably for Bitcoin, providing a haven against fiat currency volatility. Additionally, the ECB will begin gradually selling the €1.85 trillion in debt accumulated during the pandemic starting July, a process that will take two decades.

Robinhood Acquires Bitstamp for 200 Million

Robinhood has announced the acquisition of Bitstamp, one of the oldest crypto exchange platforms, for $200 million. This strategic decision aims to expand Robinhood’s influence in the crypto sector, despite regulatory pressures from the US SEC. Bitstamp, with its more than 50 licenses and registrations worldwide, represents a significant opportunity for Robinhood to expand its user base and attract institutional clients. This acquisition could strengthen Robinhood’s position in the global crypto market, although regulatory challenges persist. Robinhood users will benefit from a more secure and robust platform thanks to the integration of Bitstamp.

Ethereum…