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Discover the top news in crypto for the week!

Ethereum just completed its final testnet, Goerli, ahead of the full merge, while investors are registering high interest in ether-based funds. Meanwhile, the new crypto regulations in the EU may prevent another Terra-like event, while bills in the US will help bring more clarity to the sector. Find out the top 5 crypto news of this week.


Digital asset outlook report 2022: private markets

Sygnum Bank’s new Digital Asset Outlook 2022 explores the impact of private markets in crypto and the outlook for venture capital investments in the following quarters. Valuations may decrease, but tier 1 projects will continue to find options in the market, while companies should focus on product-market fit and keeping costs controlled amid the bear market. Crypto unicorns will emerge after these harder times, as companies with key competitive advantages become outliers under these circumstances, while regulation will bring clarity to the sector. Read more


EU securities watchdog to arm itself with crypto data

European Commission’s Peter Kerstens claims the new EU crypto regulations, the MiCA bill, can prevent events like the Terra collapse. Under the new law, crypto providers will have to report more information to the regulator, while stablecoins will be fully collateralised, and customers will be able to redeem funds. The new bill will offer more transparency, clarity, and customer protection in the European Union to prevent future Terra-like events. Read more


Investors bullish over Ethereum merge disinflation narrative

Ethereum is coming closer to its full merge in less than six weeks, as its third and final testnet, Goerli, occurred this week. Researchers estimate that the merge will not cause the network to be deflationary, but it will reduce inflation by 90 percent, turning investors optimistic about ETH’s long-term trajectory. According to CoinShares, the past seven days marked the seventh week of positive inflows in ether vehicles from institutional investors, given the anticipation ahead of the merge. Read more


Three bills introduced in the US to make CFTC primary regulator of crypto spot markets

Several crypto bills have been introduced by senators this year, with the common goal to clarify the roles of regulators over cryptocurrencies. There is a debate about establishing the SEC or the CFTC as the primary regulator of crypto, but three proposals - the Lummis Gillibrand bill, the House bill, and the Digital Commodity Exchange Act - are leaning towards the latter. Some of the bills would equate digital assets to commodities and fit clear and straightforward rules, opening a new stage for crypto adoption and consumer protection in the country. Read more


Wells Fargo: Digital assets are an ‘innovation on par with the internet, cars, and electricity’

Wells Fargo released a new report comparing digital assets to the importance of the internet, cars, and electricity, while exploring all the facets of cryptocurrencies. The research suggests that digital assets are the building blocks of the ‘internet of value,’ opening ‘new possibilities and investment opportunities’ for people and companies. Wells Fargo also states the factors slowing down crypto adoption, including the lack of clear regulations and a difficult onboarding experience into crypto products. Read more

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