ANIVERSE Crypto Daily News_Dec 2, 2022💌
Friday, December 2, 2022
ANIVERSE Crypto Daily News💌
1. Crypto Investors Are Cashing Out: Over $3.5 Billion Stablecoins Redeemed
- Crypto investors have redeemed over $3 billion worth of stablecoins in the last two weeks.
Fears of the FTX contagion has dampened trust in centralized exchanges.
USDC is a notable exception among the stabelcoins.
2. CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill
- Rostin Behnam made the suggestion as regulators and the crypto industry continue processing the implosion of crypto exchange giant FTX.
3. Solana Soars, Flow Falls as NFT Market Declines Further in November
- Trading in November is about 88% lower than January as overall volume and total NFTs sold both slump even further.
4. Apple Forces Coinbase to Disable NFT Transfers on Its Wallet App
- Apple has begun enforcing its 30% tax on NFT transactions, and Coinbase isn’t happy.
5. Bitcoin Rallies as PCE Price Index Comes in Below Expectations
- PCE Price Index rose 0.2% in Oct. 2022, falling slightly short of analysts’ 0.3% prediction.
This, coupled with slightly dovish sentiments in yesterday’s Fed speech, sparked a rally in equities and headline cryptocurrencies.
In the short-to-medium term, cryptos could follow macroeconomic indicators as investor sentiment continues to suffer from the fallout of the FTX collapse.
6. Elon Musk May Have Resolved His Beef With Apple, but Now Storm Clouds Gather Over Twitter
- Elon Musk resolved his issues with Apple after a conversation with CEO Tim Cook at the company’s headquarters.
Musk had previously accused Apple of being against free speech and said the company wanted to withhold Twitter from its App Store.
Meanwhile, the European Union threatened to ban Twitter due to fears over the spread of illicit material under Musk’s new lax content restrictions.
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