Quick weekly news:
- Elon Musk adds Bitcoin to Twitter bio with 43.7M followers: Read more here.
- Stablecoin holdings on crypto exchanges hit a new all-time high: Read more here.
- DeFi revival pushes Celo, Venus (XVS) and Fantom (FTM) prices higher: Read more here.
Other notable events include:
- Dogecoin ranks among top 10 crypto assets
- Visa reveals details of its crypto strategy
New achievements
For the first time since 2015, Dogecoin is once again topping the list of the 10 leading crypto assets by market cap.
In less than two days, DOGE has surged 900% from $0.0078 to new all-time high of $0.078 — breaking its previous high of $0.0185 by more than four times.
The sudden DOGE parabola has been attributed to an organized pump carried out by members of the Reddit group r/WallStreetBets — who, as it turned out, have engineered the recent short-squeeze that triggered international lockdowns on the trade of video game retailer Gamestop’s shares.
New crypto strategy
Visa dedicated a section to crypto during its Q1 2021 earnings call today. In his prepared remarks, CEO Alfred Kelly said Visa is poised to make crypto payments safer and more widely used through its partnership approach.
Kelly said Visa plans to work with wallets and exchanges to enable Visa users to purchase crypto-assets, and to allow users to cash out and make fiat purchases with their crypto.
Also, be sure to check out top altcoin gainers and losers of the week:
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