Daily Crypto News

1. Arbitrum’s New Chain Arbitrum Nova Is Open to Developers — Arbitrum is a protocol that implements optimistic rollup technology to create a full Ethereum virtual machine (EVM) environment, providing a user experience that’s faster and cheaper than Ethereum’s mainnet.
2. Jason Wu Launches NFT of Michelle Obama’s Inaugural Gown — Jason Wu will release his first NFT in the form of a digitally wearable copy of the former first lady’s 2009 inaugural ball gown.
3. Metaverse Symposium: Philipp Plein Embracing the Metaverse, Cryptocurrencies, Web 3.0 — One would be hard-pressed to find another fashion designer as excited about the digital world and its tools and Plein, president and chief executive officer of his namesake group, was among the first to fully embrace the potential of the metaverse.
4. NFT gallery drops on Tencent’s SEA music app JOOX — JOOX, Tencent’s music streaming service for the Southeast Asian market, has launched a non-fungible token (NFT) gallery in its app, taking another step in the Chinese tech giant’s Web3 drive.
5. Bitcoin (BTC) Fear & Greed Index Falls on US Inflation Fears — On Tuesday, bitcoin (BTC) fell by 3.18%. Following a 4.33% slide on Monday, bitcoin ended the day at $19,310. Bitcoin extended its losing streak to 5 sessions.
6. U.S. state regulator says it believes crypto lender Celsius is “deeply insolvent” — Vermont’s Department of Financial Regulation (DFR) on Tuesday said it believes cryptocurrency lender Celsius Network is “deeply insolvent” and does not have the assets and liquidity to honor its obligations to customers and other creditors.
7. Vitalik Buterin defends Ethereum ahead of merge; ‘not a security’ — Ethereum co-founder Vitalik Buterin tweeted a defense of the network’s transition to proof of stake (PoS) on Tuesday, responding to arguments suggesting assets secured by such consensus mechanisms are a security.
8. BlockFi Quickly Reverses Plan to Stop Accepting GBTC as Collateral —Crypto lending platform BlockFi, after asserting earlier Tuesday that it would no longer accept shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans, reversed its position later in the day and issued a statement that, “We are not saying that we won’t support GBTC as collateral moving forward.”
9. Behind Voyager’s Fall: Crypto Broker Acted Like a Bank, Went Bankrupt — At its height, Voyager Digital boasted 3.5 million users (roughly what Coinbase boasted in 2015) and $5.9 billion in assets, comparable to a small regional bank or respectable wealth management firm.
10. Bitcoin Settles in Calm Before Possible US Inflation Storm — Bitcoin settled into a holding pattern on Wednesday ahead of US inflation figures that could inject fresh volatility.

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