Crypto Pulse #21 - Will a major Fed announcement affect Crypto this week . Tuesday, 20th Sep 2022 | Powered by GenShards.
20 Sep 2022, 12:33
Crypto Pulse #21 - Will a major Fed announcement affect Crypto this week ? 🤔
Tuesday, 20th Sep 2022 | Powered by GenShards
👉 Read the issue || 🐧 Read the tweet thread ||👇You can also find the highlights below
⛰Macro Landscape
📌 Another week of major macro updates is here - we could see the largest Fed rate hike in 40 years. So what are the key announcements that could affect the market this week ? (source)
📌 Terraform Labs CEO Do Kwon is at risk of an Interpol red notice. An arrest warrant has been issued by South Korea against Kwon, founder of TerraUSD and Luna - that wiped out reportedly $60 billion in the cryptocurrency market (source)
📌 In an interview with CNBC's Squawk Box, Sam Bankman-Fried, the CEO of cryptocurrency derivatives exchange FTX, stated that the exchange had at least $1 billion available for acquisitions and bailouts (source)
📈 Markets and Ecosystem
📌 After reaching a multi month low last week, the crypto market has recovered some ground , with BTC rebounding above $19k (source)
📌 As Ethereum declined to 2-month lows post merge, it triggered over $400M in liquidations (source)
📌 Consumers are being cautioned by the UK's Financial Conduct Authority about the exchange FTX, which it claims is not permitted by the authority to provide financial services or goods in the nation (source)
🀄️ NFTs and Metaverse
📌 NFTs can now be brought to Grand Theft Auto V and Minecraft, as per Enjin and MyMetaverse (source)
📌 Japanese gaming giants such as Bandai Namco & Sega are positioning for mainstream blockchain game adoption, and are not being swayed by a section of gamers that are against crypto and NFTs (source)
📌 Lamborghini has launched its second NFT collection of "The Epic Road Trip". This campaign consists of monthly drops that will run until March 2023 (source)
👉 Read the newsletter for the latest in the Web3 and NFT world (and for some of the choicest memes 😉). Subscribe to get it directly in your inbox !
🐧 Spread the word - retweet !