Global

This week, cryptocurrency markets experienced turbulence due to macroeconomic influences, while enthusiasts eagerly embraced new tokens from several notable airdrops.

Following the market recovery between May 3 and 4, memecoins once again stole the spotlight. As expected, dogwifhat [WIF] led the pack with a 20.58% increase over 24 hours. Dogecoin (DOGE) also saw a rise of 13.80%, while Pepe (PEPE) experienced a 12.93% increase.

Fantom (FTM) had surged to the $1 mark in March, with hopes high for a further rise to $2. However, the market crash intervened, causing prices to plummet, and Fantom experienced a nearly 50% decrease in value.

Yong Rong Asset Management, a prominent asset management firm headquartered in Hong Kong, has recently made a substantial investment in the Bitcoin Spot ETF, as confirmed by Bloomberg ETF analyst Eric Balchunas.

The co-founder of BTC-e, an allegedly illegal cryptocurrency exchange, Alexander Vinnik, has acknowledged his involvement in a money laundering scheme involving bitcoin exchanges.

A surge in the ongoing legal proceedings between the U.S. Investor interest in XRP was sparked this week by the Securities and Exchange Commission (SEC) and Ripple.