photo Ethereum Suffers as Investors Worry about Interest Rate Hike

Ethereum Suffers as Investors Worry about Interest Rate Hike

– In the week leading up to the FOMC announcement, ETH/BTC showed strength, jumping over 4% by Tuesday afternoon.
– After the successful merge was confirmed, along with the cancellation of any technical issues, activity skyrocketed in the following days.
– Interestingly, increased volumes persisted throughout the week, particularly in the DeFi and NFT sectors.
– US lawmakers have proposed a bill to ban algorithmic stablecoins.
– Zilliqa has announced a prototype of its web3 gaming console that will allow individuals to directly play NFT-based games without relying on centralized authorities.
– Tether launched USDT on Polkadot as part of its aggressive blockchain expansion.

photo Ethereum Suffers as Investors Worry about Interest Rate Hike

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