So, markets slowed down a bit last week. But, they’ve definitely earned a break 👏. October was a huge month, and investors are sure to still be happy.
Nigeria’s eNaira has also finally been launched. Let’s check out the biggest headlines from last week:
The Greatest Investment Ever? 📈
We all talk about crypto investment and how we’ve made money using coins. But, there’s levels to this for sure. This week, reports found that someone bought trillions of SHIB when it launched last year. In total, the purchase cost $8,000. With SHIB’s new high last week, the investment is now valued at over $5.7 billion! 😱 The wallet holds about 13% of all SHIB in circulation, so it’s a pretty huge bet. Still, it paid off nicely. NFA, though.
ETH to the Skies 🚀
Bitcoin made us all really happy last month as it bounced to a new all-time high. Well, Ethereum finally did the same last week. It hit $4,452 on Friday, marking a new high that will definitely keep everyone happy while Bitcoin takes a breather. The new high came after the Ethereum blockchain went through another update while transitioning to Ethereum 2.0 💪
Better Late Than Never 🇳🇬
Almost a month after it was supposed to launch, Nigeria’s eNaira is finally here. Hype for the central bank digital currency (CBDC) has been in full gear for months, and there has been reactions from both supporters and naysayers. We’ve been checking the word on the streets, and over 100,000 Nigerians have already signed up to use the eNaira. We sure hope for a sweet rollout 🤞.
Mission Accomplished 🐶
When it launched, Shiba Inu (SHIB)’s goal was simple – to “kill” Dogecoin. Well, on Thursday, it finally did that. SHIB’s rise throughout last week was impressive. It went through one all-time high after another, and its market cap eventually beat Dogecoin on Thursday 🤯. Will Dogecoin take back its place as the #1 meme coin? Will SHIB be too hot to handle? Time will tell, people.
Banking on Crypto 🏦
Banks in the United States have watched from the sidelines as billions of dollars pour into cryptocurrencies. But, things could change soon. Last week, the chairperson of the Federal Deposit Insurance Corporation (FDIC) said that they’re considering ways to allow banks to “engage with crypto assets.”🤔 Nothing’s set in stone yet, but this could mean that banks will soon be able to hold cryptocurrencies. Talk about a big score.