TLDR:
Strengths:
- Akash Network was the best performer, rising 5.33%
- Bitcoin touched $65,000 for the first time in three weeks
Weaknesses:
- Notcoin was the worst performer, down 22.55%
- The detention of Telegram founder Pavel Durov has impacted the crypto venture capital sector
Despite setbacks, there is a possibility that the SEC will approve options on spot Bitcoin ETFs by May. MakerDAO is rebranding as Sky to attract mainstream users and expand its platform. Solayer Labs raised $12 million in a funding round to grow their restaking protocol. However, the SEC settling with Abra and the potential legal action against OpenSea for unregistered securities pose threats to the industry.
