Let’s see what crypto news this week brought us. 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. Acuiti said that high volatility is necessary to attract traders to the crypto derivatives space, and Nasdaq found that 86% of the surveyed US financial advisors plan to raise crypto allocations. US record-holding astronaut Scott Kelly dropped his first-ever NFT to support Ukraine, Belarus-based Currency.com banned Russian clients, and Bitfinex and Tether set up a crypto relief fund to aid the families of those affected by the gang-related violence in El Salvador. Speaking of NFTs, the first-ever Jack Dorsey Tweet has been reauctioned but so far got a massively lower bid than expected.
Coinbase was all over the news: CryptoCompare said that Coinbase ranks top among crypto exchanges and that ‘oligopoly’ is likely coming, Coinbase halted support for India’s payment system after a watchdog claimed it was not aware of “any crypto exchange using UPI”, and it faced criticism from the community again for listing ‘dead’ and ‘stupid’ tokens. Also, Bored Ape Yacht Club is launching a film series with Coinbase while Snoop Dogg is collaborating with Clay Nation to launch a new collection on Cardano. Meanwhile, two new ERC token standards aim to standardize tokenized vaults and add the refund option to NFTs, and Axie Infinity developer Sky Mavis is offering up to USD 1M in bounty to those who identify…
