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Create: 2024-10-28 Update: 2025-07-02 21:56:51

Crypto Digest (12.10 - 27.10)

Introducing the sixth issue of Paysenger Crypto Digest! Read an overview of the most important events in the world of cryptocurrencies over the past week.

📰 Bitcoin Update: In the past week, bitcoin traded in the range of $65,260 - $69,519. The price has dropped 2.74% over the week. Ethereum (ETH) fell 10.27% to $2465 over the same period. The weakening of Ethereum relative to bitcoin has severely impacted the market, but market sentiment remains predominantly bullish. As long as bitcoin holds above the psychologically significant $66,000 level, further gains can be expected.

Also:

Nansen analysts claim that 2025 will be the most powerful bullrun in BTC history.

Bitcoin network hash rate hits another all-time high of 769.8 EH/s

📰 Cryptocurrencies and States:

🇦🇪 Sui launches incubator in Dubai to support developers and entrepreneurs
🇷🇺 Russia's Federal Tax Service will keep a register of people involved in mining
🇮🇳 Indian government discusses ban on cryptocurrencies and stablecoins
🤍 BRICS countries advocate Bitcoin for dedollarization and sanctions circumvention.
🇩🇰 Denmark plans to impose a tax on unrealized capital gains in cryptocurrencies starting January 1, 2026.
🇰🇷 South Korea introduces reporting of cross-border cryptocurrency transactions
🇨🇭 Purchase of railroad tickets with $BTC becomes available in Switzerland

📰 Project News:

Bybit releases Proof of Reserves audit. The exchange's assets are 100% secured
Binance's Web3 wallet now supports TON
Avalanche launches Avalanche card in partnership with Visa.
Binance's Web3 wallet now supports TON

📰 Report a16z: The largest cryptocurrency fund a16z has released a report. Key talking points:
Blockchain activity is at an all-time high
Stablecoins are one of the most successful use cases for cryptocurrency
DeFi's popularity is on the rise. More than $169 billion has been frozen in blockchains.
Blockchains have gotten 50 times faster in the last 4 years.

📰 Cryptocurrencies and the US election: Cryptocurrency donations for the 2024 US election have surpassed $190 million dollars

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How Does Telegram Make Money?

Telegram is a free app and runs on donations. According to a blog on the telegram: We believe in fast and secure messaging that is also 100% free. Pavel Durov, who shares our vision, supplied Telegram with a generous donation, so we have quite enough money for the time being. If Telegram runs out, we will introduce non-essential paid options to support the infrastructure and finance developer salaries. But making profits will never be an end-goal for Telegram.

Crypto Digest (12.10 - 27.10)

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