Crypto Highlights [Sunday, March 24]

Montenegrin Court Delays Do Kwon’s Extradition to South Korea as they seek more time to review the case. Following the arrest of Do Kwon, a prominent South Korean businessman accused of financial fraud, the court granted a delay in his extradition proceedings. The decision came after the defense team presented new evidence challenging the validity of the charges against their client. With this postponement, the Montenegrin Court aims to ensure a fair and thorough examination of the case, highlighting their commitment to upholding the principles of justice and due process.Bitcoin’s price weakness amid macroeconomic worries highlights the interplay between the digital currency and larger financial challenges. As investors face mounting concerns over global economic stability, Bitcoin’s value has suffered as a result. The uncertainty surrounding inflation, trade tensions, and geopolitical risks has prompted investors to seek safer assets, resulting in a decrease in demand for cryptocurrencies. This correlation between Bitcoin’s price and macroeconomic factors underscores the need for a comprehensive understanding of the broader financial landscape when analyzing the volatility of digital currencies. Bitcoin’s Price Weakness amid Macroeconomic Worries.Coinbase removes Bitcoin payments from merchants’ platform. Coinbase, one of the leading cryptocurrency exchanges, has announced that it will no longer support native Bitcoin payments on its merchants’ platform. In a surprising move, Coinbase removes Bitcoin payments, citing the need to streamline their offerings and focus on other cryptocurrencies. This decision has left many in the crypto community puzzled and disappointed, as Bitcoin has long been considered the pioneer and most widely accepted digital currency. With Coinbase’s decision, the future of Bitcoin as a mainstream payment method is now called into question, raising concerns about the overall adoption and utility of cryptocurrencies in daily transactions.Solana (SOL) Price Plummet: What’s the Deal? In recent trading sessions, Solana (SOL) has experienced a significant decline in its price, raising concerns and prompting investors to question the reasons behind this sudden drop. Several factors seem to be contributing to this downward spiral. Firstly, the overall market sentiment has been bearish, with major cryptocurrencies experiencing similar price drops. Additionally, the increasing regulatory scrutiny and concerns about the environmental impact of cryptocurrency mining have further dampened investor sentiment. Furthermore, Solana’s recent network outage, which caused disruptions and raised doubts about its reliability, may have also played a role in this price decline. As investors anxiously await further developments, it remains to be seen whether Solana can recover from this slump and regain its position in the market.