As the cryptocurrency world continues to evolve, here are three important developments that will emerge next week.
Important Developments in the Crypto Space Next Week
1. Sam Bankman-Fried's Trial Is Nearing Conclusion
The trial of FTX founder Sam Bankman-Fried is nearing its final stages. Witnesses offered different takes on the stock market crash.
Bankman-Fried's defense will continue the case, followed by cross-examination by the government. A possible rebuttal by the prosecution could extend the hearings to next week.
2. Celestia Mainnet Launch Expected
Modular blockchain platform Celestia is on the verge of mainnet launch. The project has completed token allocations, a significant portion of which is planned for Ethereum and Cosmos users.
Observers noted an October 31 deadline on the project's GitHub repository, pointing to a possible launch this week.
3. Solana Breaking Point: Expected Announcements
Solana's annual Breakpoint event will be held in Amsterdam between 30 October and 3 November. The event will feature Solana Labs CEO Anatoly Yakovenko, project leaders and speakers from industry giants such as Stripe and Visa.
Previous Breakpoints have made major announcements in 2021, including major funding for social media and blockchain gaming.
*This is not investment advice.