At the start of the new week, crypto market sentiment fell, bitcoin's key options metric suggested more traders were taking bullish bets, BTC then took hold as the US Federal Reserve kicked off a meeting of a couple of days and rose after the Federal Reserve rate hike. ETH outperformed BTC after news that a final testnet has taken the necessary steps to transition Ethereum to PoS, XRP pumped and dumped following what the CEO called a "big win" for Ripple, and the NFT market has outperformed the most extensive crypto market this year. At the time this happened, the market capitalization of gold-backed tokens exceeded US$XNUMX billion after the start of the war in Ukraine. Elon Musk claimed that he is not going to sell his BTC, ETH and DOGE, and the CEO of Terra agreed a huge bet with a Twitter user that the cost of LUNA will stay above €XNUMX in a year. Bored Ape Yacht Club and MetaMask have confirmed their plans for tokens and DAO.
Binance and FTX have expanded into the Arab Gulf States with new licences, HSBC has become the first global financial services distributor to enter the virtual planet The Sandbox, Instagram may start accepting "some 'NFTs'" in the coming months", and speaking of NFT, 3 winners solved the Larva Lab puzzle and got a Meebit and 2 ETH. S. Korean game companies try to imitate the success of the Axie Infinity PXNUMXE game with heavyweight Neowiz ready to launch a new crypto golf game title, while a DAO has bought a national treasure of S. Korea, marking a remarkable first for the country's culture and crypto fields.
In the midst of the Russian invasion, Ukraine's President Volodymyr Zelenskyy signed a new law that will bring crypto assets under a legal umbrella. The Ukrainian government is already set to launch an NFT compilation as a “war museum,” and the Ministry of Digital Transformation, as well as FTX and Everstake, have launched a crypto fundraising venue. The FSA and the Japanese Ministry of Finance have asked national crypto exchanges to suspend any and all transactions with Russians and Belarusians under international sanctions, Elliptic claimed to have made a huge breakthrough in the search for Russian crypto sanctions scammers. while one lawmaker asserted that Russia has "every and every resource." It needs to build its crypto infrastructure, and a former central bank executive claimed that sanctions on Russia could lead more countries to estimate CBDC. While the war in Ukraine could disrupt plans related to El Salvador's bitcoin bonds, Arthur Hayes claimed that the global monetary regime ended the freezing of Russian currency reserves by Western governments, and the creator of the Internet Computer had a proposal to "hasten the end of the war in Ukraine.
In regulatory news, the UK NCA has called on the country's authorities to regulate decentralized crypto mixers, but Samourai Wallet has protected the need for CoinJoin, while Wasabi has already moved to ban certain bitcoin transactions. ECON rejected a suggestion that it could ban PoW protocols like Bitcoin and Ethereum in the EU, but the EU still has its eyes on miners. The People's Bank of China updated its digital yuan conduct app as police handle their first CBDC "fraud" case. Meanwhile, the Fed raised interest rates by twenty-five basis points in its first rate increase since 45, and a person in the case involving the alleged IRS attempt to refund a tezos tax bill has lobbied for a " final resolution" that could change the way the restatement is applied in the USA. In addition to this, the Argentine Senate approved a €XNUMX billion debt pact with the IMF that discourages the use of cryptocurrencies in that country.
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