Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Helium, rising 55.16%.
The prospect of higher-for-longer interest rates is weighing on crypto, reports Bloomberg, underlined by deepening Bitcoin losses after the token’s worst monthly drop since the collapse of Sam Bankman-Fried’s FTX empire in November 2022. Bitcoin slumped almost 16% in April. The bankruptcy estate of the failed FTX cryptocurrency exchange plans to auction off another unspecified amount of Solana tokens this week. A “blind auction” will be held for the next batch of SOL, according to two people familiar with the process who asked to remain anonymous, writes Bloomberg. Roger Ver, an early investor who was sometimes referred to as Bitcoin Jesus, has been charged for mail fraud, tax evasion and filing false returns in order to avoid paying at least $48 million in U.S.
is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .
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