After a weekend rally, major cryptocurrencies took a slight hit. Bitcoin (BTC) is currently priced at $86,000, down 1%, while Ethereum (ETH) has dipped to $2,800, also down 1%. Binance Coin (BNB) and Solana (SOL) followed suit, each down 1% at $840 and $129 respectively. On the bright side, some altcoins saw notable gains, with Chainlink (CC) up 12%, XDC increasing by 3%, and AAVE also rising by 3%. Despite these shifts, the Crypto Fear & Greed Index remains firmly in the 'Extreme Fear' zone for the twelfth consecutive day.

In a significant move for the crypto space, Coinbase has acquired the Vector Dot Fun team from Tensor, signaling a commitment to expanding its portfolio and capabilities in the NFT domain. As part of this acquisition, the TNSR token will be transferred to the foundation, marking a strategic shift in how Coinbase approaches NFT projects. This acquisition could pave the way for new innovations in the NFT space, leveraging Coinbase's extensive resources and reach.

In other news, Satoshi Nakamoto's estimated Bitcoin fortune has taken a hit, falling by approximately $41 billion during the recent market selloff. This decline underscores the volatility that continues to plague the crypto markets, reminding investors of the risks involved.

On a more technical front, Zcash developers are proactively preparing for potential quantum threats. Their recent announcement suggests that ZEC's protocol design and upgrade paths could position it as a more resilient option than Bitcoin in the face of future cryptographic transitions.

Meanwhile, Cardano's network faced a security challenge with a “poisoned” transaction attack, leading to a chain split. This incident highlights the ongoing security concerns that cryptocurrency networks must address to maintain trust and stability.

Amidst these developments, crypto industry lobbyists took to the dining table with lawmakers, advocating for friendlier tax treatment for digital assets. The dinner aimed to foster discussions around current market structure debates, emphasizing the need for regulatory clarity as the industry matures.

Jack Mallers, CEO of Strike, made headlines when he revealed that JPMorgan had closed his bank accounts without explanation. This incident raises questions about the banking sector's relationship with the cryptocurrency industry, as traditional financial institutions grapple with how to handle digital assets.

As the week unfolds, traders and investors are keeping a close eye on market dynamics, particularly the performance of major cryptocurrencies. With Bitcoin hovering around the $86,000 mark, the sentiment remains cautiously optimistic, albeit tinged with a sense of urgency to monitor the evolving landscape.

The latest price data shows a wide array of cryptocurrencies experiencing fluctuations. BTC is currently priced at $85,961.00, reflecting a 4.15% decline. ETH is down 6.54%, trading at $2,917.21, while BNB has dropped to $854.23, marking a 3.97% decrease. XRP is also down by 6.55% at $1.87. Stablecoins like USDC remain steady at $1.00, indicating the market's reliance on these assets during turbulent times.

As the crypto market continues to evolve, investors are reminded of the importance of diversification and vigilance. Recent volatility and market shifts serve as a reminder that the landscape can change rapidly, necessitating a proactive approach to asset management.

The coming days will be pivotal for the cryptocurrency market. Whether the recent selloff proves to be a temporary setback or a sign of deeper issues remains to be seen. Investors are advised to stay informed and prepared for potential market movements as they navigate the complex world of digital assets.