Market
DeFi
Ethereum’s merge could help save DeFi TVL, Bloomberg reports
Data from DeFiLlama shows the total value of assets locked in DeFi is less than $110 billion, the lowest since October 2021.
CBDCs
China to gift citizens 90M digital yuan via lottery to restart economy
Shenzhen, Guangzhou, and Xiong'an New Area are reportedly gifting citizens roughly 90 million digital yuan in red packets to citizens in a bid to restart the economy following Covid-19.
Exchanges
Coinbase top executives reportedly made over $1B via stock sales
One of Coinbase co-founders has sold close to $500 million of his shares of the company.
Scams
Scammers looking to take advantage of LUNA 2.0 airdrop
Malicious actors have sent wrapped LUNA to public addresses of crypto influencers and industry leaders like Justin Sun and Vitalik Buterin.
DAOs
Avalanche’s new proposal wants ApeCoin on its subnet
Ava Labs says it would provide support for ApeCoin integration into its subnet through various initiatives.
Politics
FTX CEO Sam Bankman-Fried reveals willingness to spend $1 billion to keep Trump away from White House
A $1 billion donation from SBF would place him on-par with mega-donors like the Adelsons, Michael Bloomberg, and the Koch brothers.
Analysis
ECB expresses concerns over ‘interconnectedness’ of crypto with financial institutions
The European Central Bank's report said that the full scale of the connection between the crypto industry and traditional finance might be unknown as there are "significant informational and data shortcomings."
Adoption
Central African Republic wants to launch Africa’s first legal Bitcoin investment platform
President Faustin-Archange Touadera has said that the traditional formal economy does give his country a chance to be competitive.
Analysis
Bitcoin, Ethereum lead outflows as crypto investments see red week
The total value of crypto assets under management dropped to to $38 billion, the lowest since July 2021.
Adoption
Fed’s annual report shows most American crypto investors have ‘disproportionately high income’
The report surveyed 11,000 respondents and shows that the financial well-being of Americans is at its highest since the report started.
Adoption
Report: African crypto startups venture funding grows by over 1000% in 2022
Most venture capital funding in the region has gone to fintech companies and crypto exchanges.
Scams
New Zealand Police investigate allegedly fraudulent crypto platform Quwiex
Police investigation into Quwiex revealed that the platform had registered in New Zealand in September 2021, but it appears that all of the information used for its registrations were false.