Defi News, Digital economy, NFT News

CRYPTO HOT NEWS 07/28/2022

The Fed announced interest rates, the market was covered in green

After the Fed announced the interest rate of 0.75%, the BTC market rose to $ 23,000 and the entire market was covered in green. The total market capitalization was $ 1.091 billion. In 24 hours, the volume reached 134 billion USD and the volume of assets liquidated was $315 million.

NFT domains platform Unstoppable raises $65M

Nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion. Unstoppable said it will use the fresh capital to fuel product innovation and grow partnerships in the Web3 space.

FTC files lawsuit against Meta over attempted monopolization of metaverse

The US Federal Trade Commission (FTC) has filed a lawsuit against Meta and its CEO Mark Zuckerberg in an attempt to prevent the giant from owning the entire ‘metaverse’. The complaint alleges Meta with its resources acquired Supernatural by acquiring Within. The move is expected to hinder “future innovation and competitive rivalry” among companies in the United States. The FTC said it planned to block Meta from acquiring Within to promote competition and help consumers.

Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer

An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling effect” on crypto exchanges and token projects. Coinbase “could face very substantial fines” or potentially be required to register as an exchange in the U.S. as a result of the investigation.

Zuckerberg unfazed about $2.8B metaverse division loss in Q2

Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology. He said “The Metaverse is a massive opportunity for a number of reasons. I feel even more strongly now that developing these platforms will unlock hundreds of billions of dollars, if not, trillions over time.”

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