The Latest Crypto Market Scoop: What You Missed While Sleeping

Bitcoin, the original cryptocurrency, began the day on a downward note, trading at $25,745. And it's not the only one. Ethereum, the second giant in the crypto realm, followed suit with its trading price at $1,612. While the top 10 cryptocurrencies all showed a decline over the past day and week, Solana took the most significant hit, dropping 4.70% in a day and 7.25% over a week. But it wasn’t all doom and gloom – Stellar shone bright, gaining 2.97% daily and a whopping 10.85% over the week. On the flip side, Pepe faced substantial drops of 13.66% over 24 hours.

In the realm of crypto gaming, Animoca Brands made headlines, raising a cool $20 million for its web3 project, Mocaverse. With big names like CMCC Global leading the investment round and participation from Kingsway Capital, Liberty City Ventures, and GameFi Ventures, the future of Mocaverse looks promising. And how did they sweeten the deal for investors? Through Mocaverse shares, of course!

Brian Armstrong, the chief at the famed crypto exchange, Coinbase, dropped some insights about the potential future of stablecoins. In his view, flatcoins, which are decentralized stablecoins (that could, for instance, track inflation), might be the next big thing. Especially considering the financial market's shaky grounds in 2022-2023, these flatcoins could be the answer to investor woes.

Despite rumors swirling around its potential downfall, especially after a significant data leak in August 2023, friend.tech is showing surprising resilience. A few days back, the assets blocked for this project exceeded $20 million, demonstrating that not everyone has lost faith. However, the platform isn't entirely out of the woods. New user numbers are on the decline, casting a shadow over its long-term prospects.