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Crypto pumps after Fed rate hike, Zuckerberg pins hopes on Metaverse making hundreds of billions and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30

Cryptocurrency Jul 31, 2022 05:00PM ET
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Crypto pumps after Fed rate hike, Zuckerberg pins hopes on Metaverse making hundreds of billions and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30
 
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Bullish rate hike Why crypto spiked in the face of bad news

Despite the U.S. Federal Reserve announcing a 75-basis-point interest rate hike on Wednesday, the crypto markets pumped significantly on the same day with the momentum continuing through the week. Quantum (NASDAQ:QMCO) Economics founder and CEO Mati Greenspan jokingly called it a bullish rate hike and stated that investors were clearly expecting far worse. Analysts such as Swyftxs Pav Hundal suggested the recent rally may be due to an easing of inflationary pressures around gas and goods such as corn and wheat.

Ethereum dev confirms Goerli merger date, the final update before the Merge

On Thursday, lead Ethereum developer Tim Beiko revealed that the final Goerli testnet merger ahead of Ethereums long-awaited Merge and switch to proof-of-stake will occur between Aug. 6-12. In what has been a long and much-delayed roadmap since late 2020, the Ethereum network is now in the final stages of completing its largest upgrade to date. The official Merge is slated for Sept. 19 but could be subject to further delays if there are issues with the Goerli testnet.

Zuckerberg unfazed about $2.8B metaverse division loss in Q2

Cathie Wood sells Coinbase (NASDAQ:COIN) shares amid insider trading allegations

Tesla (NASDAQ:TSLA) reports $64M profit from Bitcoin sale

GameFi industry to see $2.8 billion valuation in six years

Solana-based stablecoin NIRV drops 85% following $3.5M exploit

Phishing risks escalate as Celsius confirms client emails leaked

TikTok data policy debacle: Is users crypto at risk?

The Merge is Ethereums chance to take over Bitcoin, researcher says

Tokenomics not Ponzi-nomics: Influencing behavior, making money

When worlds collide: Joining Web3 and crypto from Web2

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Crypto pumps after Fed rate hike, Zuckerberg pins hopes on Metaverse making hundreds of billions and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30
 

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