Crypto Market Momentum Fueled by Institutional Inflows, Key Move

The cryptocurrency market has risen by 1.59% in the last 24 hours, extending a solid 10.9% weekly gain. This growth is largely attributed to institutional investments, significant Binance-driven activity, and a positive market sentiment around derivatives.

Crypto Market Gains Momentum with Institutional Inflows

Bitcoin (BTC) is still stable at the all-time high, and has surged above $122k following the robust bull run. Etherium (ETH) has also soared above $ 4,500, which adds to the overall market gain and pushes the positive trend in most digital currencies.

The altcoin market is also performing well. The listing of the European ETP of FLOKI increased its value remarkably by 31% in 24 hours. Also, the emergence of AI and DeFi is stimulating a risk-on sentiment and bringing more investors to new industries.

FCA Set to Lift Ban on Crypto ETNs for Retail Investors

The Financial Conduct Authority ( FCA ) of the UK is in the process of overturning its 2019 retail investor ban on crypto exchange-traded notes (ETNs). Beginning Wednesday, retail traders will be able to trade such crypto-based debt securities as long as they are listed on an investment exchange approved by the FCA.

Although exchange-traded funds (ETFs) are still prohibited to the UK retail investor, the move on ETNs would open the possibility of more retail investor involvement in crypto markets.

Large companies such as BlackRock and Bitwise are also purportedly on the brink of launching their cryptocurrency offerings in the UK market, marking a new stage of the retail investors in the region. Ian Taylor of CryptoUK said that he hoped that this would be able to improve consumer protection, particularly as the markets changes.

Samsung Expands Coinbase Integration for Galaxy Users

Samsung has collaborated with Coinbase to integrate cryptocurrency purchases for Samsung Galaxy users. Through this increased integration, more than 75 million Galaxy users in the U.S. will be able to use Coinbase One, a subscription-based app that will provide zero trade fees, higher staking rates, and protection of lost funds.

As the company has plans to roll out this functionality to other nations around the world, this collaboration would significantly expand mainstream access to cryptocurrency , which would subsequently introduce millions of new investors to the markets. It is a partnership between Samsung and Coinbase in the effort to make cryptocurrency more accessible to smartphone users all over the world.

Unity’s Vulnerability Puts Android Crypto Wallets at Risk

A severe weakness in the Unity game engine has the potential to put the Android-based crypto wallets at risk. This vulnerability, which was present in projects as old as 2017, enables third-party code to execute in mobile games, and this could target the cryptocurrency wallets of users.

The issue affects not only Android but also other operating systems such as Windows, macOS, and Linux, despite Unity beginning to implement remedies.

Although Unity has already started to share with certain partners a patch, the official advice on the matter should be available at the beginning of next week. This has been an issue of concern to the gaming and cryptocurrency communities, which points out the dangers of the expanding overlap of the two fields.