A Rollercoaster Week in Crypto: Bitcoin Halving, Gaming Fund Launch, and More

The week in crypto was nothing short of a rollercoaster ride, with all eyes on the highly anticipated Bitcoin halving that took place early Saturday morning. But that was just the beginning of the action-packed week in the world of digital assets.

On Monday, Hong Kong made a significant move by approving Bitcoin and Ethereum spot ETFs, adding to the growing list of countries embracing digital assets. This news helped fuel a rebound in the market after a weekend dip.

Tuesday brought more excitement as venture capital firm Andreessen Horowitz announced the launch of its second gaming fund, focusing on Web3 and AI-forward games. The firm also introduced a new accelerator program named Speedrun, injecting each cohort member with $750,000 to kickstart their projects.

In a more lighthearted development, a famous meme from the “guy explains” category was put up for auction, starting at 15 ETH (approximately $47,100).

Mid-week saw the unveiling of World Chain by the Worldcoin Foundation, an Ethereum layer-2 platform based on Optimism. The platform aims to prioritize verified humans, including over 5 million World ID holders, over bots for transactions.

The week also saw the conclusion of a legal battle involving Craig Wright, the controversial figure who claimed to be the creator of Bitcoin. Wright dropped his lawsuit against a dozen Bitcoin developers following a loss in the UK high court.

As the week progressed, anticipation for the Bitcoin halving reached a fever pitch, with many wondering if it would coincide with a meme day. The halving did indeed take place on a meme day, much to the delight of Crypto Twitter.

Overall, it was a week filled with excitement, from regulatory approvals to new fund launches and legal battles coming to a close. The crypto community eagerly awaits what the future holds in this ever-evolving landscape.