Sign Up on MEXC
Highlights
- Binance founder CZ gets prison relief this week.
- Bitcoin & Altcoins bullish as September nears end.
- Shiba Inu price rallies amid community developments.
The crypto universe draws another week to a close with attention-nabbing developments unfolding across the industry. Former Binance CEO CZ (Changpeng Zhao) was released from prison, whereas Bitcoin (BTC) and altcoins maintained a bullish stance over the past seven days. Meanwhile, Shiba Inu (SHIB) stole the spotlight, extending weekly gains to over 35% against the backdrop of community advancements.
Here’s a brief report on some of the top crypto market headlines reported over the past week.
CZ Released From Prison
Binance founder Changpeng “CZ” Zhao was released this week after 118 days of imprisonment, sparking discussions across the crypto market. This saga follows the former CEO’s arrest for violating AML (Anti-money laundering) provisions. Notably, Zhao’s days in prison came to an end after the completion of a four-month prison sentence. However, it’s worth noting that the Binance founder was released two days early, with Zhao also marking his return on X recently.
BTC, Shiba Inu, & Crypto Market Bullish
Meanwhile, the broader market embarked upon a noteworthy bullish movement in the past week as September, the worst month for stocks and assets, comes to an end. Bitcoin (BTC) price soared nearly 5% over the past week, whilst the altcoin sector mirrored an optimistic sentiment.
A recent CoinGape Media report reveals that BTC price could soar to $100K amid China’s 50 bps cut in the reserve requirement ratio, a 20 bps cut in key short-term interest rates, and monetary stimulus. Meanwhile, sentiments of an ‘Uptober’ rally are also brimming up in the market amid Bitcoin’s upside movement.
Simultaneously, Shiba Inu extended its weekly gains to nearly 35%, mirroring a bullish trend along Bitcoin. The dog-themed meme crypto’s community sparked further optimism, revealing a stockpile of developments this week. SHIB executive Lucie hinted at a SHI stablecoin launch ahead. Moreover, Shiba Inu lead developer Shytoshi Kusama revealed that the next week could be game-changing for SHIB. In the interim, even the Shiba Inu burn rate soared remarkably, adding to optimism on the coin’s price movements.
Altogether, the crypto market witnessed a frenzy over the past week, primarily attributable to the abovementioned developments.
- Trump Family’s Crypto Wealth Soars $1.3B via WLFI, Eyes Real Estate Tokenization
- Eric Trump Clarifies Ties in Asia Other Than Metaplanet, MTPLF Stock Slips
- Metaplanet Nears 500% YTD Following New BTC Purchase, Bitcoin Price Rebounds
- Dogecoin Leads Altcoin Market Rally Amid DOGE ETF Optimism
- Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC
- HBAR Price Forecast: Analyst Targets 123% Rally as ETF Approval Odds Hit 90%
- Solana Price Prediction: Will Solana Hit $320 as SOL Strategies Gains Nasdaq Approval?
- XRP Price Forecast: Analyst Eyes $127 as BlackRock Joins Ripple Swell 2025
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
