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Crypto Markets Continue Surge, $30,000 Stable, $51,000 in Puerto Rico Rumors

Welcome to this week in crypto by Shinobi Wallet. Get all the latest scoop in and around the cryptosphere 🌎 right here!

The crypto markets continued their upward trend this week. At the time of writing, BTC was trading at 21230 and ETH at 1620.

Among the top 100 tokens, AR was the top gainer this week, gaining 49% while KLAY was the top loser, losing 22%.

Nikolai Mushegian, co-founder of the cryptocurrency lending platform @MakerDAO was found dead in an unfortunate accident in Puerto Rico last week. The incident occurred at Condado beach in San Juan, one of the world’s most dangerous places for swimmers in the world. DAI

@DBSBank has started the development of a DeFi project to trade the Singapore dollar, Japanese government bonds, and the Japanese Yen on its private liquidity pools. The project is part of @MAS_sg's Project Guardian.

Stablecoin issuers @circle and @PaxosGlobal received approvals to operate in Singapore by the @MAS_sg this week. Circle received in-principle approval for a major payments institution license while Paxos received its license to offer digital payment token services. USDC crypto

In the latest developments in the @terra_money case, local prosecutors from South Korea have claimed that they have access to chats in which CEO @stablekwon ordered price manipulation of the Luna token.

Do Kwon is said to be hiding in Europe at the moment.

This post is based on this twitter thread.

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