Hodler’s Digest, May 29-June 4 By Cointelegraph Tech Tribune France

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The U.S. Fed Begins Quantitative Tightening, Japan Restricts Stablecoin Issuance, and LUNA 2.0 Goes on a Price Rollercoaster: Hodler’s Digest, May 29-June 4

Fed Money Printer Backtracks: What Does It Mean for Crypto?

Over the last couple of years or so, the US Federal Reserve has flooded the financial system with excess liquidity also benefiting stocks, crypto and other markets. Now the Fed is going in the opposite direction to fight inflation. In addition to raising interest rates, the central bank accelerated the process of quantitative reduction (QT). It’s not entirely clear how crypto markets react to the Fed’s QT efforts, but the near-term outlook is likely not good for risk assets.

CFTC sues Gemini claiming crypto exchange lied in pricing futures

US crypto exchange Gemini is facing action from the US Commodity Futures Trading Commission (CFTC) for certain alleged activities dating back to 2017. The CFTC essentially alleges that Gemini acted dishonestly in 2017 during its efforts to add futures trading contracts to its offerings. The commission says Gemini was not honest in its evaluation process.

Shenzhen city drops 30 million free digital yuan to incentivize consumer spending

The South Korean government becomes one of the first investors in the metaverse

Japan passes bill to limit issuance of stablecoins to banks and trust companies

Bitcoin could hit $14,000 in 2022, but buy BTC now ‘as good as it gets’: analyst

Investors get rid of LUNA 2 at 70% in two days

New York State Senate Passes Moratorium on Bitcoin Mining

Ex-OpenSea product manager charged with insider trading

You Can Now Clone NFTs as ‘Mimics’: Here’s What It Means

Fail better: Scott Melker defies the odds with crypto trading

Anonymous culture in crypto may be losing relevance

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Hodler’s Digest, May 29-June 4 By Cointelegraph Tech Tribune France


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