Hodler’s Digest, May 29-June 4 -Breaking
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US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4Fed money printing goes backward: What does that mean for crypto?
The United States Federal Reserve (USF Reserve) has overflowed the financial system in recent years with liquidity that has been beneficial to stocks and crypto, as well as other markets. In order to counter inflation, the Fed has decided to move in the other direction. The central bank began the process of quantitative tightening, which is a combination of raising interest rates and increasing them. While it’s unclear how the crypto market will respond to Feds QT, there is no doubt that the long-term outlook wont be favorable for risk assets.
Gemini is sued by the CFTC after it was found out that crypto exchanges lied about futures contract evaluations
The U.S. Commodity Futures Trading Commission is taking action against Gemini, a crypto exchange in the United States. This was due to certain alleged activities dating back 2017. The CFTC asserts that Gemini acted fraudulently in 2017, when it tried to offer futures trading contracts. Gemini is accused of lying during the evaluation.
To stimulate spending, City of Shenzhen drops 30M digital Yuan in free.
South Korean government invests in Metaverse early
Japan adopts bill to restrict stablecoin issuance by banks and trust corporations
Bitcoin may hit $14K in 2022 but buying BTC now ‘as good as it gets:’ Analyst
Investors dump on LUNA2 tanks at 70% within two days
New York State Senate passes Bitcoin mining moratorium
OpenSea’s former product manager is charged with insider trading
You can now clone NFTs as ‘Mimics’: Here’s what that means
Scott Melker challenges the odds to crypto trading
It is possible that crypto-anonymous culture may lose its significance
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