The Recap: Crypto Contamination, Ethereum Fusion, Tesla Sells Its BTC…

ETH should soon to merge; the chairman of theMFA tap the table; You are here give up his bitcoins; Christie’s launches sound Web3 Funds; the metaverse to be created community; the crypto contagion calms… De news this week.

big names in the centralized crypto financing (CeFi) fell during the new episode of the bear market in 2022. This is the case for Celsius, 3AC and Digital travel. On the DeFi side, we defend against any proximity to these players and their practices.

Can the crypto ecosystem now? hope for a delay ? This is what the bank proposes city. The latter is of the opinion that the infection phenomenon could be on the market now ended upat least as far as the liquidity crisis.

This week in crypto news, the laid off continue, however, as with Blockchain.com and Gemini. Cryptocurrency prices have nevertheless recorded an increase this week, as have Bitcoin and Ethereum.

The merger is good for Ethereum

The value ofETH recovered much of the value lost in previous weeks. This recovery is mainly due to: the imminent merger Where ” to merge Indeed, in September, the two Ethereum networks should become one, completing the transition from PoW to PoS.

Vitalik Buterin warned this week that the merging was just one step in the development of the public blockchain. After “Merge” this will become final 55%. More updates await on Ethereum: “ Surge, Verge, Purge and Splurge In particular, the key is a very significant increase in throughput in terms of transactions.

Tesla sells Bitcoin for cash

The information did not go unnoticed. You are here nearly $1 billion in BTC fell in the second quarter of 2022. The builder led by Elon Musk has therefore liquidated most of its bitcoins previously purchased in 2021 economic uncertaintythe manufacturer explains that he need cash.

Tesla was one of the publicly traded companies with the most bitcoins. This sale is therefore not unimportant. However, the CEO assures that this is not the case does not translate a cryptocurrency rejection in any way. Incidentally, the automaker still has $218 million in crypto assets and still accepts Dogecoin in the Tesla derivatives store.

It’s time for AMF approval!

Crypto firms haven’t really had their hour of glory in the first half of 2022. This is the estimate prepared by the chairman of the AMF, Robert Ophele, who will soon be leaving his position. On the occasion of the conference SBB22the senior official estimated that the market had lost user trust and some of the supervisors.

How restore that trust? Thanks to regulatory compliance. MiCA has been adopted, but its application will take at least another two years. In France can, even must, anticipate. The solution: rather not be satisfied with the PSAN registration accreditation, more demanding. In fact, none of the PSANs have been approved today.

Christie’s: From Auction to Web3 Acceleration

The House Christie’s take a step forward in the digital field. The company had embraced NFTs by organizing NFT sales. Now she wants support the transformation of its core business by helping start-ups. For this, the historic auction player is launching Christie’s Ventures.

It is therefore a matter of providing support and financial resources to fintechs and technology startups that develop relevant solutions for the art market. And the specialists of web3 are, of course, his goals. LayerZero Labs becomes the first blockchain startup to benefit from its investment fund.

Otherside reveals itself and the metaverse ecosystem federations

The crisis in crypto values ​​does not mean that projects will be halted, at least not all of them. Yuga Labs, creator of the famous BAYC collection and the ApeCoin token, is discussed again. To be Other Metaverse Project continues its development. A first demonstration was performed, but only with 4,300 NFT holders. Phase 1 starts.

What does Yuga Labs have in store? opposite side ? Many of the applications are undoubtedly yet to be devised. And this is the case for the metaverse as a whole. To design them and also demonstrate the value of open virtual universes, the most important players in the sector meet. They are launching Metacircle, a dedicated think tank focused on supporting the most promising projects and ensuring the development of the metaverse by Europe.

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