Weekly Market Update (Week 12, 21/03/2022 – 27/03/2022)

Key Takeaways

• The total market capitalisation for the crypto economy steadied above US$ 2T, with Bitcoin (BTC) closing the week higher. 
• Following US President Joe Biden’s executive order, the White House’s Office of Science and Technology Policy (OSTP) will be examining the climate impact of digital assets. The OSTP calls on industry participants to help provide insight into how digital assets can affect the country’s climate goals. 
• Australian bank, ANZ, has completed the first ever Australian-bank issued stablecoin (A$DC) payment to a digital assets firm. 
• In partnership with the Red Cross Red Crescent Movement, Crypto.com is airing a campaign during the 94th Academy Awards to provide assistance to people affected by the crisis in Ukraine.
• The general price, volume, and volatility indices were mixed at +9.67%, +6.82%, and -22.93%, respectively.

Highlights

• Britain will reveal crypto regulation plans in coming weeks, sources say
• EU Lawmakers to vote on blocking anonymous crypto payments, documents show
• Florida Governor says State working towards accepting Bitcoin for tax payments
• Rio de Janeiro to accept Bitcoin for real estate taxes from 2023
• Paris Blockchain Week to happen from April 12-14th 2022
• Avalanche crypto event woos 3.5K to Barcelona with late parties, late starts, long Lines
• UAE Venture capital firm launches $100M seed fund for blockchain and crypto projects
• LG’s new business plans include blockchain and crypto
• MIT adds the Bank of England to its stable of CBDC digital currency research partners
• Goldman Sachs, Galaxy Digital announce milestone over-the-counter crypto trade
• Top 10 Ethereum wallets now hold 23.7% of total ETH supply: Santiment
• Ethereum Shanghai upgrade details unveiled by Ethereum Foundation: EVM, fees, what else?
• Luna Foundation reportedly deposited $1.1B worth of BTC in this Bitcoin address
• Crypto.com unveiled as FIFA World Cup Qatar 2022™ Official Sponsor

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