The crypto market traded lower over the past weekend, with US inflation data, possible US Fed moves, and bearish-looking technology stocks weighing on investors’ sentiment, with crypto market stuck in a ‘bearish lull’ stablecoins saw growth, Ethereum devs called the first mainnet shadow fork a ‘huge success’ and proposed fixes for bugs, but there’ll be no Merge until “a few months” after June, AVAX went up as the Avalanche developer reportedly seeks USD 350m in funding, and Robinhood CEO shared an old idea of increasing Dogecoin block size.
Nexo launched a new Mastercard for its users to spend without selling crypto, OneDegree and Munich Re partnered to launch a new digital asset insurance product, Meta is testing metaverse “tools” that will let its users sell “digital assets”, Elon Musk will not be joining Twitter’s board of directors but he announced ‘significant improvements’ and teased DOGE payments integration, but then he offered to buy 100% of Twitter, Terra spent additional USD 100m on BTC, and the financial giant BlackRock became a ‘strategic investor’ in Circle.
South Korean lawmakers, industry chiefs, and leading academics called for the President-Elect to create a crypto ministry, Spanish crypto investors are ‘fleeing to Portugal to escape taxes’ says lawyers, a small and rural Argentinian town invested in crypto mining hardware in a bid to raise money to pay for improved rail connections and “beat inflation,” crypto lobbyists are making breakthroughs with adoption-focused legislation at the state level in various parts of the USA, Coin Center said that the US SEC’s proposal on ‘exchange’ definition could be unconstitutional, and central banks across the world are struggling with privacy-related CBDC questions.