Week's Top Five Highlights in the Cryptocurrency Sphere
The crypto world and tech industry are buzzing with news, as a series of significant events unfold.
In a move that has been eagerly anticipated, the Saga, a Web3 smartphone designed to differ from traditional phones like the iPhone 16, iPhone 15, iPhone 17, and iPhone 14, is gearing up for its market debut. Announced last year, the first crypto phone from Solana is set to reach early buyers soon. The Saga, with its unique features, aims to revolutionise the way we interact with digital assets. A detailed review of the Saga phone's strengths and weaknesses is available, offering a glimpse into what users can expect. For those interested in a first-hand account of living with the Saga, an unfiltered review can be found here: "Saga Phone - Living with the First Web3 Phone".
Meanwhile, in the Ethereum ecosystem, the long-awaited Shanghai upgrade was successfully activated on April 12. Contrary to initial concerns, there has been no significant ETH sell-off following the upgrade. The Shanghai upgrade grants investors access to their staked Ether for the first time since 2020, marking a significant milestone for the Ethereum network.
Elsewhere, the collapsed crypto exchange, FTX, is exploring a potential reopening. Significant capital is needed for FTX's comeback, as stated by lawyer Andy Dietderich. FTX's token (FTT) has seen a notable price increase due to these comeback rumours.
In the realm of partnerships, Elon Musk, now the owner of Twitter, has announced a partnership with CFD trading platform eToro. The partnership enables users to buy cryptocurrencies and stocks on the social media platform. However, no factual information could be found regarding who specifically initiated this partnership.
Cardano developers have also made strides, launching their own browser wallet, Lace 1.0. Similar to MetaMask, Lace 1.0 allows users to send, receive, and stake the native coin ADA and NFTs on the Cardano network.
As always, it's important to stay informed and make informed decisions when navigating the ever-evolving world of cryptocurrencies and technology.
