SEC cracks crypto-staking, BTC loses 23,000 dollar brand, but Bitcoin NFTS rise: The summary of this week

SEC cracks crypto-staking, BTC loses 23,000 dollar brand, but Bitcoin NFTS rise: The summary of this week

In the past seven days, the cryptocurrency market has decreased considerably and has lost around $ 60 billion of its total capitalization. This was done on the basis of an official passage in the name of the United States Securities and Exchange Commission against the diligence of cryptocurrencies.

It all started a few days ago when a report suggested that the SEC targeted the Kraken Kraken to say that their staking offers were not registered securities.

The following day, Brian Armstrong's CEO also tweeted his concerns on this matter and said that this would be particularly negative for the industry. The results were not too late. Shortly afterwards, the SEC published an explanation that they had resigned themselves with octopuses. The latter closed his entire cryptocurrency staking program and agreed to pay a whopping $ 30 million in comparisons.

This had negative effects on the market, but there was a ray of hope. Decentralized staking alternatives such as Lido, Rocket Pool and Frax saw their native cryptocurrency skyrocketing because the users expect them to present practical solutions for cefi-staking burglaries.

However, Bitcoin has dropped by about 8 % compared to the weekly newspaper and is currently being traded below $ 23,000. Ethereum is traded at around $ 1520, which corresponds to a decline of 7.8 % in the last seven days.

However, Bitcoin NFTS are currently the last scream in other messages. People have inscribed Satoshis like crazy in the past few weeks, and there are now hundreds of thousands of registration that have been carried out via the Ordinal Protocol. In fact, one of the NFTs was sold from the Ordinales Punk collection for a whopping $ 215,000.

It is very interesting to see what the future of Bitcoin NFTS will look like and whether they will be as popular as their Ethereum counterparts.

market data

Market capitalization: $ 1052 billion | 24h volume: 98b | BTC dominance: 39.7 %

Bitcoin: 21,635 USD (-8.2 %) | ETH: $ 1,520 (-7.8 %) | bnb : $ 305 (-6%)

Sek

The CEO of Coinbase is concerned about the ambitions of the seconds to act against crypto staking. The CEO of Coinbase, Brian Armstrong, has expressed concerns about the attitude of the United States Securities and Exchange Commission to stake cryptocurrencies. He said that there are rumors that the SEC will act against it and that this is a "terrible way".

Paxos is examined by US authorities: Report. The StableCoin emittent Paxos, which is responsible for the issue of Busd, is reportedly examined by the New York State Department of Financial Services (NYSDFS). A speaker has not yet wanted to comment on this.

BTC, ETH crashes by 4 % after the SEC has ended the octopus staking. Bitcoin and Ethereum lost 4 % of the news that the Securities and Exchange Commission (SEC) had reached an agreement with octopuses regarding the use of cryptocurrencies. The stock exchange has to pay $ 30 million in degorable, prejudice interest and civil penalties.

Investors are interested in the Bny market for crypto: Bny Mellon Exec. The bear market did not discourage investors. At least that's what Michael Demissie, Head of Digital Assets at BNY Mellon. He said that investors are still interested in the industry.

Tether generated a profit of over $ 700 million in the fourth quarter of 2022. this week is not all the mood on the market, even though prices are falling. Tether - the issuer of USDT - reported profits of $ 700 million in the last quarter of 2022.

NFTS on Bitcoin? Ordinal punk is sold for over $ 200,000 (9.5 BTC). NFTS on Bitcoin quickly develop into a trend. In fact, one of the so -called grues in this regard, ordinary punks, only yesterday was sold for a whopping 9.5 BTC worth around $ 215,000.

diagrams

This week we have a chart analysis from Ethereum, Ripplecardano, Solana and Lido - click here for full price analysis.

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