Fed Board Member Lael Brainard said balance sheet will be reduced quickly. It was also stated that the current inflation is quite high and the way to reduce the existing inflation is very important. On top of this statement, Bitcoin tested the resistance point once again.
Terra Might Become the Largest Bitcoin Holder
Do Kwon, the founder of Terra, invested another $230 million in Bitcoin in 3 separate transactions. Over-the-chain data shows that Terra has received more than $1.5 billion in BTCs so far.
Canadian Interest in Bitcoin ETFs at ATH Level
Bitcoin outflow from the stock markets reaching its highest levels in a year, investors' trust in this asset continues to increase. According to Glassnode data, inflow into the Canadian Bitcoin ETFs have reached all-time highs.
Metaverse Fund from HSBC
HSBC has launched a fund that focuses on investment opportunities in the metadatabase by designing a “Metaverse On-Demand Strategy Portfolio” for its wealthy customers living in Hong Kong and Singapore. According to Bloomberg, this metaverse fund will focus on five key areas: computing, infrastructure, experience and discovery, interface, and lastly virtualization.
Goldman Sachs to Offer OTC Ethereum Options
Goldman Sachs said they plan to offer OTC trading options for Ethereum exclusive to their customers. The investment bank is also showing increasing customer interest before Ethereum's transition from PoW consensus to PoS consensus.
Adidas Announces Collaboration with Metaverse Avatar Platform
Adidas has announced that it has launched a collaboration with Ready Player Me, an inter-game avatar platform for the metaverse. They will launch a personality-based platform created by artificial intelligence that includes Adidas Originals' Ozworld shoe collection.
Grayscale Adds AVAX, DOT and ATOM to Diversified Funds
Grayscale Investments announced that it added 3 crypto assets (AVAX, DOT, ATOM) to 3 different diversified funds and removed two products as part of the balancing. It has been informed that no news token were added.
Starbucks Launches in Metaverse
Another name that took its place in the metaverse was Starbucks. Howard Schultz, CEO of the company, said they plan to move into the metaverse and NFT world by 2022
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