US Markets Plunge, Goldman Sachs Keen on Crypto Platform FTX And Stepn Winner of The Week

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Last Updated on 23 April 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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Bitcoin followed US stock markets down and started the weekend just below $40k. Meanwhile Wall Street saw a selloff as the Dow Jones had one of it’s worst days of the year.

Meanwhile, the interest of global investors in crypto savant Sam Bankman-Fried knows no bounds. Worldwide banking giant Goldman Sachs is now considering partnering with FTX. As Bitcoin continued to circle the $40k level, there was one apparent winner this week, namely move-to-earn coin Stepn, which gained some 40% in seven days through a partnership with Asics.

Advertentie.

Caribbean bromance

The Financial Times had quite the scoop this week. Lured by the exchange’s wild growth, Goldman Sachs CEO David Solomon sat down with FTX founder Sam Bankman-Fried in March already. The two leaders notably discussed a possible IPO and the platform’s relationship with US regulators. The meeting took place on an unnamed island in the Caribbean.

For now, Sam Bankman-Fried seems reluctant to raise funds on a stock market. According to indiscretions FTX, whose valuation has reached $32 billion, wants to focus on short-term private fundraising.

Stepn winner of the week

The price of so called “move to earn” crypto token Stepn (Green Metaverse Token) has been steadily climbing. In the last 7 days, GMT’s price has jumped 40%. Thanks to an agreement with Asics, the coin has also been one of the top trending crypto tokens on CoinMarketCap for over several weeks now. The project touts itself as a “Web3 lifestyle app,” letting users earn tokens by walking, jogging, or running outdoors.

rafapress / Depositphotos.com