What is the price performance and crypto news of the three projects SafeMoon (SAFEMOON), DeRace (DERC) and Cronos (CRO)? Here is a brief description.
Summary
SafeMoon, Derace and Cronos: the price performance of the last week
Looking at the charts of the last week on CoinMarketCap, we can see how the prices of the three crypto assets have been trending differently.
SafeMoon (SAFEMOON) has seen a 3.40% pump over the past seven days, DeRace (DERC) has seen a 12.25 % pump, and Cronos (CRO) a small price dump of 1%.
These three crypto projects are scatteredly placed in the rankings by market capitalization. And indeed, SafeMoon itself has $3 million in total martket cap, compared to DeRace’s $17 million and Cronos’ $1 billion.
As with any analysis, the price performance described above could be relative and of developments or news announced by crypto projects, or simply from reversals of crypto-investor trends.
SafeMoon, Derace and Cronos: the crypto news
The SafeMoon Twitter profile this week announced the 3.46 update that made Wallet Connect 1.0 permanently obsolete, whereas Wallet Connect 2.0 for the entire DeFi and Web3 system is official.
The protocol thus seems to be advancing in its developments, even with respect to that breach that occurred on 28 March 2023, which had seen a hacker compromise SafeMoon LPs with a theft of more than $8 million in crypto.
The vulnerabilities were associated with the Bridge Burn feature in Safemoon’s contract.
As for DeRace, the crypto project seems to have pleased its community with the integration of the race multiplier.
And finally, looking at Cronos (CRO), through a roundup of tweets, the crypto project wanted to update its community with the progress of its roadmap.
The situation at Crypto.com
When it comes to Cronos (CRO), it is apt to also link the thought to the latest vicissitudes of Crypto.com’s crypto-exchange.
And indeed, in the last week, Crypto.com has seen a glimmer of light in Europe, after the crackdown in the US initiated by the SEC, by conquering the Bank of Spain and obtaining Virtual Asset Service Provider (VASP) registration.
This is a real regulatory achievement in addition to those already in the hands of the crypto-exchange.
Crypto.com has obtained licenses in France, Greece, Cyprus and Italy. Recently, it has also conquered Singapore, as well as the United Kingdom, Dubai, South Korea and Australia.
Therefore, the Spanish news is a sigh of relief, especially after the Securities and Exchange (SEC) in the US has rallied against crypto-exchanges oftentimes on the same charges such as insider trading or that of offering some crypto defined as unregistered securities.
Specifically, Crypto.com wanted to react by closing its institutional exchanges in the US.
