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Daily Digest: The Fed's Fight Against Inflation Is Only Just Getting Started

Fed's Raphael Bostic sees the Fed's fight against inflation as "still in early days."

He also hinted at the Fed's "not so fast" process of lowering rates in 2023, which could be a reason for BTC to unsuccessfully break above 20,400 today.

In @COIN360com Daily Digest:

2/ A surge from the local low of 19,700 at the start of the day caused BTC short traders to lose 20M in liquidations.

After wavering in the 20,000 - 20,400 range, BTC tumbled to 19,900 before bouncing back to reclaim 20,000, posting a 0.7% decrease in the past 24h.

3/ ETH remained above 1,360 with a nearly 1% increase today. Any bounce from 1,327 can lead to a re-attempt and losing 1,327 could lead to a pullback down to 1,280.

Top gainers: TON RVN TWT Top losers: HNT XCN FEI

Details in our heatmap:

Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ @NearFoundation has announced a new partnership between @GoogleCloud and @NearProtocol providing infrastructure for NEAR's Web3 startup platform Pagoda.

Near Protocol partners with Google Cloud to support Web3 devsNear Protocol partners with Google Cloud to support Web3 devs

5/ @Grayscale is launching Grayscale Digital Infrastructure Opportunities, a “private, co-investment opportunity in mining hardware that powers the bitcoin ecosystem.”

Grayscale debuts Bitcoin mining investment vehicle that pays mined BTC as a dividendGrayscale debuts Bitcoin mining investment vehicle that pays mined BTC as a dividend

6/ @abrdn_plc is doubling down on digital assets and DLT technology by joining the @Hedera network’s governing council.

Abrdn takes another step into digital assets with Hedera partnershipAbrdn takes another step into digital assets with Hedera partnership

7/ @coolcatsnft has received an undisclosed amount of strategic investment from blockchain gaming giant @animocabrands

Cool Cats will expand its Web3 gaming offerings by tapping into Animoca’s deep gaming expertise.

Cool Cats NFT to Expand Web3 Gaming Offerings with Strategic Investment from Animoca Brands - Ethereum World NewsCool Cats NFT to Expand Web3 Gaming Offerings with Strategic Investment from Animoca Brands - Ethereum World News

8/ @CelsiusNetworks top three execs reportedly withdrew a total of 42M worth of cryptocurrency between May and June 2022.

Former CEO Alex Mashinsky, former CSO Daniel Leon, and CTO Nuke Goldstein allegedly removed the cash.

Celsius’ Top Execs Cashed Out 17M in Crypto Before BankruptcyCelsius’ Top Execs Cashed Out 17M in Crypto Before Bankruptcy

9/ South Korea has ordered @stablekwon to surrender his passport, or risk getting it revoked, as regulators reportedly arrested a @terra_money employee with the surname Yu.

The Pressure On Do Kwon Intensifies As South Korean Authorities Move Forward With The Plan To Invalidate The Luna Founder's Passport

- Ethereum World NewsThe Pressure On Do Kwon Intensifies As South Korean Authorities Move Forward With The Plan To Invalidate The Luna Founder's Passport</p><p>- Ethereum World News

10/ Yesterday the community noticed that @okx website was blocked by the Russian government. Today the reason is revealed.

The cryptocurrency exchange’s website was said to contain information about pyramid schemes, although no details were given.

Russia blocks OKX website for alleged unreliable financial information: ReportsRussia blocks OKX website for alleged unreliable financial information: Reports

11/ Crypto miner @Greenidge_GREE is looking to raise up to 22.8M. It has signed a sales agreement with investment bank B. Riley Securities for the Class A common stock offer.

Controversial Bitcoin Miner Greenidge Generation Looks to Raise 22.8 Million - DecryptControversial Bitcoin Miner Greenidge Generation Looks to Raise 22.8 Million - Decrypt

12/ SUSHI soared by 14% today after global asset management firm @0xgoldenchain unveiled a 5.3M token stake in @sushiswap DEX.

Asset manager GoldenTree reveals 5.3 million stake in SushiSwap tokenAsset manager GoldenTree reveals 5.3 million stake in SushiSwap token

13/ @MakerDAO has allocated 500M for investing in U.S. Treasuries and corporate bonds.

The funds will come from its overcollateralized stablecoin, with 80% going toward U.S. short-term Treasuries and 20% toward investment-grade corporate bonds.

MakerDAO to Move 500 Million Into U.S. Treasuries and BondsMakerDAO to Move 500 Million Into U.S. Treasuries and Bonds

14/ Other news:

EU issues bitcoin, crypto ban on Russia with new sanctions:

Apollo, Sixth Street no longer in talks to finance @Twitter deal:

Namibia’s central bank says Bitcoin can be accepted as payment:

EU Issues Bitcoin, Crypto Ban On Russia With New SanctionsEU Issues Bitcoin, Crypto Ban On Russia With New Sanctions
Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter dealExclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal
Namibia’s central bank says Bitcoin can be accepted as paymentNamibia’s central bank says Bitcoin can be accepted as payment

15/ @Ripple Labs joins blockchain carbon credit partnership:

Calls mount for Louisiana state to buy Bitcoin following @BlackRock divestment:

@dapperlabs sets launch date for LaLiga Golazos NFT marketplace:

Ripple Labs joins blockchain carbon credit partnershipRipple Labs joins blockchain carbon credit partnership
Calls mount for Louisiana state to buy Bitcoin following BlackRock divestmentCalls mount for Louisiana state to buy Bitcoin following BlackRock divestment
Dapper Labs Sets Launch Date for LaLiga Golazos NFT Marketplace - DecryptDapper Labs Sets Launch Date for LaLiga Golazos NFT Marketplace - Decrypt

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17/ That's a wrap!

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Updated: South Korea court dismisses arrest warrant for Terraform Labs employee:

South Korea court dismisses arrest warrant for Terraform Labs employeeSouth Korea court dismisses arrest warrant for Terraform Labs employee
This post is based on this twitter thread.

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