Ethereum overtakes Bitcoin as markets thaw

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Companies are freezing redemptions, laying off staff, slashing expenditure, filing for bankruptcy, and negotiating buyouts to survive crypto winter,

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Although markets have warmed over the past week.

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Bitcoin rose 8% the previous week to $22,337, whereas Ethereum soared 27% to $1,523.

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Ethereum Classic (based on the original ledger, which includes $55 million DAO theft data removed by vote) surged 80% this week to $27. Others are nostalgic.

"Ethereum Classic rose 80% to $27 after the DAO theft."

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Solana gained 9% to $40.04, Cardano gained 10% to $0.47, Polkadot increased 9% to $7.25, NEAR Protocol soared 25% to $4.26, and Avalanche gained 23% to $23.57.

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Chainlink, Cronos, and Bitcoin Cash increased to $6.78, $0.12, and $121.07. The ECB will boost interest rates by up to 0.5% to curb June's 8.6% inflation.

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It ends the ECB's -0.5% negative interest rate from 2014. Cryptocurrency prices fell on the news.

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Paraguay's legislature approved a measure to regulate crypto miners, while Colombia submitted draft legislation for public discussion.

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