This week on CryptoWatch, we will be diving into the top stories for the past two weeks of November, centering on last week's most controversial event in the crypto world, the ApeFest 2023 which left attendees with severe eye strains. However, there is also the massive trial of Sam Bankman-Fried which saw the guilty verdict handed against the former CEO of FTX.
(Photo : Tech Times)
Still, there is a significant improvement in the coin prices now, especially with its turnaround rally that proved to be appraising the prices for almost all coins in the market.
ApeFest 2023: Bored Ape NFT Event Caused Severe Eye Strains
(Photo : Aaron Davidson/Getty Images for eToro.Art)
Last weekend, November 4, Yuga Labs conducted its much-awaited ApeFest for the fans and supporters of the controversial NFT brand, Bored Ape, but instead of going home with hopes for the future of the tokens, attendees were left with severe eye strains.
Attendees and fans took to social media to detail their situations after the event, as some claimed that the Hong Kong event led to them waking up in the middle of the night because of eye pains.
After consulting with health professionals, they were regarded to have the "Welder's eye," a.k.a. Photokeratitis, which doctors claimed resulted due to exposure from UV lights.
It was regarded by the visitors that this may be due to the stage's design and laser lights which shone all over the event, with the direct exposure causing this health issue.
Bored Ape's recent statement claims that they are investigating the claims and asks people to consult health professionals, but the company said that there are only 1 percent of its attendees were affected.
Revisiting US v. Sam Bankman-Fried's Criminal Trial
November's massive conclusion to the US v. Sam Bankman-Fried saw the former CEO of FTX handed the guilty verdict, with the jury believing that the co-founder committed all seven charges filed against him. The prosecution claims that there is insurmountable evidence brought against SBF, with the facts nailing the disgraced executive for what happened over at the defunct crypto exchange.
(Photo : ED JONES/AFP via Getty Images)
Throughout the trial, Bankman-Fried maintained his innocence among the fraud and money laundering charges against him, with former colleagues who previously pleaded guilty, testifying against him.
Over around five weeks, the prosecution brought massive receipts and records about Bankman-Fried's crimes and how they led to FTX's downfall, as well as Alameda's access to customer funds.
Top Prices of Coins Now: Any Improvements?
- Bitcoin - Price: $37,038 | 5.53 percent increase over the past week
- Ethereum - $2,042 | 7.54 percent increase over the past week
- Tether USDt - $1.00 | 0.05 decrease over the past week
- Binance Coin BNB - $247 | 1.02 percent increase over the past week
- XRP - $0.661 | 2.75 percent decrease over the past week
While its price from the last seven days did not see drastic changes, late October and the entirety of November saw a massive improvement in cryptocurrency's rally, with the top two coins seeing significant developments over time. After a massive slump for as many as two years, crypto is bouncing back again, with investors and customers foreseeing its rise in the market yet again.
Related Article: CryptoWatch: Sam Bankman-Fried's Trial and Guilty Verdict, UK's Cryptocurrency Regulation 2024
