Crypto Pulse Issue # 12 - Market sees Red as Analysts Fear Fed Decision. Friday, August 19, 2022 | Powered by GenShards.
19 Aug 2022, 14:10
📈 Crypto Pulse Issue # 12 - Market sees Red as Analysts Fear Fed Decision
Friday, August 19, 2022 | Powered by GenShards
👉 Read the issue || 🐧 Read the tweet thread ||👇You can also find a summary below
⛰Macro Landscape
📌 Will the Fed dash any hopes of easing rates in 2023 ? Bitcoin (BTC), ether (ETH) and S&P 500 futures are seeing weakness, amidst such fears (source)
📌 South Korea is cracking down on unregistered crypto exchanges, with a ban that will affect major exchanges like Poloniex and Kucoin (source)
📌 Coinbase’s CEO says the crypto exchange will abandon Ethereum staking if threatened by regulatory agencies (source)
📈 Markets and Ecosystem
📌 It appears that the era of troubles for stablecoins is yet to be over, as yet another one seems to be crashing. HUSD, a stablecoin created by the Huobi crypto exchange dropped to $0.92 (source)
📌 Meme coins like DOGE and SHIB are rallying again, outperforming BTC & ETH. Though this has historically foreshadowed a market-wide crash, analysts say this time it’s different (source)
📌 The three largest Bitcoin mining companies in the United States have collectively lost over $1 billion in Q2 2022. They have sold coins and mining gear to help recoup losses (source)
🀄️ NFTs and Metaverse
📌 Meta is launching Horizon Worlds in France and Spain to expand its social platform for virtual reality (VR) - expanding beyond Canada, the UK, and the US, where it is already available (source)
📌 Amidst the crypto market’s bearishness, a BAYC NFT sold for 777 Eth, worth US$1.4 million (source)
📌 Actor Anthony Hopkins is set to launch an NFT Collection inspired by his film roles and artwork (source)
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