THE DAILY ENCRYPT

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NFTs In A Nutshell: A Weekly Review

As NFTs cool off this week, there’s still plenty of activity in the market. New music properties are making a splash, the SEC is investigating some areas of the NFT market, and there’s an abundance of discussion in the NFT community around OpenSea’s centralized decision-making around some geo-restricted access for users. Every weekday evening, we

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Ethereum Gains Edge Over Stock Market, What’s the Key to Fresh Rally

A recent Bloomberg Intelligence report published by Mike McGlone, Senior Commodity Strategist, presents a bullish thesis for Ethereum vis-à-vis the current macro environment. The Russia-Ukraine conflict, potential interest rates hikes, and uncertainty surround the markets, but McGlone believes BTC, and ETH could come out on top. Related Reading | How Vitalik Buterin Will Use $100M

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Bitcoin Activity Soars Post SWIFT Ban On Russia, BTC At Do Or Die Spot?

Bitcoin has found temporal support at $39,000, but buyers have been scarce as the market enters into weekend price action. Uncertainty around macro factors seems to be growing with the Russia-Ukraine conflict contributing with the selling pressure experience by BTC and larger cryptocurrencies over the past days. Related Reading | Market Update: Crypto Market Rebounds …

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