Kampf um jeden Cent

• ATOM and SOL have outperformed BTC in terms of returns over the past two weeks.
• Cosmos has risen around 15% compared to BTC while Solana has beaten BTC returns by almost 8%.
• Price movements of ATOM and SOL have been largely influenced by their ties with FTX and its founder Sam Bankman-Fried.

Cryptocurrency markets have been highly volatile in recent weeks, with Bitcoin (BTC) leading the way. However, two altcoins, Cosmos (ATOM) and Solana (SOL), have managed to outperform the market leader by a considerable margin. Over the past two weeks, ATOM and SOL have seen impressive returns compared to BTC.

Cosmos, the 16th largest cryptocurrency by market capitalization, has been the star performer over the past two weeks with returns of around 15% compared to BTC. The token, which is currently trading at around $10.09, is up around 9.52% over the past week. The reason for the surge in price could most likely be attributed to the launch of its incentivized testnet, Stargate. The network upgrade is expected to bring a number of new features such as support for Inter Blockchain Communication (IBC) and improved scalability.

Solana, the 20th largest cryptocurrency by market capitalization, has also seen impressive gains over the past two weeks. Despite a significant dip on Dec. 29, 2022, SOL has managed to beat BTC returns by around 8%. The token, which is currently trading at around $19.37, is up 6.17% over the past week. The recent surge in price could be attributed to its ties with FTX and its founder Sam Bankman-Fried (SBF). SBF and his hedge fund Alameda Research were early backers of Solana.

It is worth noting that both ATOM and SOL have experienced significant volatility throughout the past two weeks. On Dec. 29, SOL price tanked by more than 30% compared to BTC, hitting a low of around $8.26. Similarly, ATOM had a volatile start in January, with returns mirroring that of BTC before rising sharply on Dec. 27.

Looking ahead, it remains to be seen if ATOM and SOL can maintain their impressive returns over the next few weeks. With the cryptocurrency market in a state of flux, any major developments in the space could have a significant impact on the price movements of these tokens.

• The White House press secretary Karine Jean-Pierre said that Sam Bankman-Fried’s meetings at the White House were focused on pandemic prevention-related matters, as well as cryptocurrency and crypto exchanges.
• She also noted that the administration has been clear about the need for Congress to take action when it comes to addressing cryptocurrency.
• The meetings may have concerned the FTX Future Fund, which donated $1.5 million to Stanford University for pandemic prevention, or the non-profit organization Guarding Against Pandemics.

The White House recently held meetings with Sam Bankman-Fried, the former CEO of FTX, to discuss pandemic prevention and cryptocurrency. Karine Jean-Pierre, the White House press secretary, said that the meetings were focused on pandemic prevention-related matters as well as cryptocurrency and crypto exchanges.

Jean-Pierre did not specify which foundation was discussed at the meetings, but it’s possible that it was the FTX Future Fund, which donated $1.5 million to Stanford University for pandemic prevention. Additionally, Gabriel Bankman-Fried, Sam Bankman-Fried’s brother, may have been present at some of the meetings. Gabriel Bankman-Fried once ran a non-profit organization called Guarding Against Pandemics.

Jean-Pierre mentioned that the Biden administration has been clear about the need for Congress to take action when it comes to addressing cryptocurrency. She said, „The administration has been clear about the need for Congress to take action…when we talk about addressing cryptocurrency.“

The White House meetings may have been beneficial for the cryptocurrency industry as a whole, as it indicates the Biden administration is open to discussing the topic. While the meetings were focused on pandemic prevention, the fact that cryptocurrency and crypto exchanges were also discussed is encouraging for the industry. It remains to be seen what action Congress may take in the future, but for now, it’s clear that the Biden administration is open to engaging with the cryptocurrency industry.