The third largest Bitcoin whale continued to increase its holdings by 2,822 Bitcoins in the past 7 days

The United States has launched a new round of sanctions against Russia. The highlight of this round of sanctions is cryptocurrency companies. This is the first time that the crypto market has been included in the sanctions list, which indirectly shows the important position of the crypto market in the world today. The company sanctioned this time is a Russian mining farm called Bitriver. Russia's vigorous development of mining farms, as the name suggests, is to mine Bitcoin to increase foreign exchange reserves, which is also part of Russia's foreign exchange strategy. Although there is no actual evidence that cryptocurrencies have helped Russia evade sanctions in large quantities, the United States still saw such signs and chose to prevent them before they happen. At the same time, Binance implemented the fifth set of EU sanctions and only provided crypto asset services below 10,000 euros to Russian citizens, which is also part of Binance Europe's compliance. One of the current values ​​of cryptocurrency is to help sanctioned countries complete asset transfers.

The report shows that 3.6 million Americans will use cryptocurrencies for shopping this year, and the number of crypto users will increase to 33.7 million. It is expected that the number will reach 37.2 million next year. The continuous support of the US government and merchants means that crypto payments in the United States will be very convenient in the future, and even in many states it will be used to pay public fees and taxes. This is the beginning of the emergence of non-state competitive currencies. In the future, Bitcoin will gradually establish its position in the new currency market in the form of good money driving out bad money.

Tesla's latest financial report shows that it has not traded any cryptocurrency in a year. The Bitcoin held by the company has formed a small capital pool, becoming a locker in the limited circulation of Bitcoin. This also represents the idea of ​​holding coins by many American institutions, all of which are long-term holders rather than speculators.

Yalla Market, a grocery delivery service in the United Arab Emirates, announced that it will accept cryptocurrency payments. The UAE has fully compliant the cryptocurrency market, so all walks of life should soon accept crypto payments. In the future, the use of cryptocurrency in the UAE should soon be as convenient as legal currency.

Australia has released a cryptocurrency policy roadmap, aiming to complete the regulation of cryptocurrencies and stablecoins in the future. The country has already stepped half a foot into the organization that embraces cryptocurrencies. Several developed countries have embraced it one after another, and the future takeover has become increasingly clear.

Sunil Mittal, an Indian billionaire entrepreneur, said that the world will turn to cryptocurrency. This is the perception of the Indian tycoon. In fact, with such global inflation, the crypto market has entered a golden stage of development. It is a good time for the right time, right place and right people. At this time, all we have to do is hold on to the coins and hold positions.

The third largest Bitcoin whale continued to increase its holdings by 2,822 bitcoins in the past seven days. Those who were optimistic about the market locked and bought bitcoins all the way, and traditional institutions watched the U.S. stock market's performance. Ultimately, as demand increased and the circulating stock decreased, prices could only continue to rise.

The total locked volume of Defi has increased by 40,000% from 2020 to this year, indicating that Defi is still developing vigorously. It is just a slight pause at the moment, and the future is still bright.

Panic 27, even with such a rebound, the market is still in panic.

Coin News:

Bitcoin: The bulls in the market are obviously stronger recently. There is not much to analyze. It will most likely continue to rise after the shock, so it is better to hold on.

Ethereum: The ETH that was previously stolen from Axie’s sidechain Ronin has been laundering recently, causing ETH’s short-term weakness. The overall trend is still linked, and it is expected to gradually strengthen in the future.

UNI: Last week, it accounted for as much as 75% of DEX's spot transactions, defending its dominant position in Dex. Its current position is not high, and there is a certain expectation of a rebound.

SUSHI: SUSHI also made great efforts, announcing the launch of MISO V2, and comprehensively rectifying the previous proposal, abandoning the XSUSHI model and replacing it with a more transparent DAO. This is also a positive bottom line, with relatively low risk, so you can consider participating.

ALGO: There was a Metaverse Earth Day event. This coin has had a lot of activities recently, but the market price has not reacted much. The main reason is that there are not enough substantial positive factors. It is better for public chains to focus on the front row first, such as LUNA and NEAR.

ZRX: Coinbase announced the launch of an NFT social market powered by ZRX, which will bring huge ecological growth to ZRX. It will see a sharp rise in the short term. It is expected that there is still room for the market outlook, but it is necessary to be cautious in chasing highs and try to participate in a pullback.