ROLLUP: Crazy Markets | Prediction Markets Bad? | Zora Release | More Gensler Ls | Trump’s DeFi Sons
This week in crypto has been nothing short of eventful. Over the weekend, all markets, including crypto, saw a significant downturn, raising concerns about whether the bull market that has driven 2024 so far is beginning to falter.
Despite the initial shock, markets have shown signs of recovery, though uncertainty lingers. The year has been a rollercoaster, with strong institutional interest and ongoing regulatory challenges creating a complex landscape for investors.
On the regulatory front, prediction markets have come under fire, particularly from Senator Elizabeth Warren, who is pushing for stricter controls, arguing that they pose ethical and manipulation risks. However, crypto natives defend these markets as essential tools for decentralized finance, reflecting the ongoing tension between the political establishment and the crypto community.
In a bit of good news for the industry, SEC Chair Gary Gensler faced more setbacks this week, with his enforcement budget facing cuts, much to the relief of many in the crypto space who view his approach as overly aggressive.
On the technological front, Zora made headlines with a major release aimed at enhancing the NFT ecosystem, potentially driving more creators and collectors to the platform.
Meanwhile, in a surprising twist, reports emerged that Trump's children have developed a deep interest in none other than...#DeFi...interesting?