Christina Patterson

While the cryptocurrency markets were flat, Chainlink (LINK) and Tezos (XTZ) became high-demand altcoins this week with the significant developments in their ecosystems.

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.

We have prepared a news summary that we have compiled among the prominent developments in the crypto money industry.

Panama has given its first approval for the bill regulating cryptocurrencies. Panama Congressman Gabriel Silva is the leading figure in the bill that will pave the way for the use of crypto assets as a means of payment.

Telegram, whose crypto project was vetoed by the SEC in the past years, now seems to be returning to its crypto activities.

US stocks were higher after the close on Thursday, as gains in the Technology, Oil & Gas and Consumer Services sectors led shares higher.

While the crypto markets have been on a recovery trend for the last 2 days, the losses at the beginning of the week have not been compensated yet. Bitcoin (BTC) continues to change hands below $40,000, while Ethereum (ETH) continues to find buyers below its psychological level of $3,000.

Many people who closely follow the case between Ripple and the SEC think that the case will end in Ripple's favor. However, Ripple CEO Brad Garlinghouse made statements about what could happen otherwise.

Following the debate between the CFTC and the SEC about which regulatory watchdog should be best suited to regulate cryptocurrencies, Ripple CEO and founder Brad Garlinghouse has given his opinion on the matter.