The US annual inflation rate was 8.6 percent, the highest level in the last 40 years, and the May inflation rate was announced as 1 percent. After the announcement of inflation figures in the crypto money markets, a downward volatility occurred, while the total market value decreased to $ 1.81 trillion. During the day, the total value stood at an average of $1.21 trillion.
Police are getting new information as the LUNA investigations continue. As you know, after the collapse of LUNA and UST, investigations are being carried out against Terraform Labs in South Korea, where Terra's headquarters are located. As these investigations continue, the police are getting new information.
The U.S. Securities and Exchange Commission's (SEC) legal watchdog over Ripple says there was evidence that a key SEC official was aware of a conflict of interest in the case at the time of the inception.
Speaking at the Bitcoin 2022 conference in Miami recently, Robinhood Chief Product Officer Aparna Chennapragada said that Bitcoin is the most purchased asset for the company so far this year. Chennapragada stated in his presentation that Bitcoin is the most purchased asset, without giving any figures.
The Luna Foundation (LFG), which invests in Bitcoin to support the TerraUSD algorithmic stablecoin, made new purchases and expanded its wallet over the weekend. The foundation bought $ 173 million in Bicoins and brought the number of BTC in its hands almost 40,000.
Ricardo Salinas Pliego, the 3rd richest businessman in Mexico, made statements at the Miami Bitcoin 2022 conference. Touching on many critical details in his statements, Pliego says that he allocates 60% of his investment portfolio for the leading cryptocurrency.
Libertarian tech investor Peter Thiel challenged the most powerful figures in the US financial world over their criticism of Bitcoin at the Bitcoin conference in Miami, accusing them of trying to suppress what has become a powerful political movement.
US Treasury Secretary Janet Yellen said in a statement today that crypto regulation should support innovation as well as the efficient management of risks. Moreover, Yellen added that the outline of the US executive decision, which was received positively by crypto market participants, should be adhered to.
Nayib Bukele, President of El Salvador, who has become an extremely important name for the crypto market, stated that he will not be able to attend the Bitcoin 2022 conference due to the problems arising from internal conflicts in his country. However, the conference hosts important names that have the potential to increase Latin America's Bitcoin adoption.
Cryptocurrency markets entered a notable correction on April 5, with the total market cap drooping to less than $2 trillion with the outflows of funds after the total market cap had peaked above $2.15 trillion 48 hours ago.
The crypto community and industry favor Ethereum for most blockchain-based decentralized applications. But other chains may be better suited to handle the workload of decentralized autonomous organizations.
Citigroup, one of the world's largest financial companies, talked about the increase in interest in Web3, and emphasized that Metaverse could enter a significant growth momentum depending on corporate use cases.