Weekly Update: Gary Gensler Gets Grilled

Key Takeaways

• Inflation in the UK hits hard at 10%. A worrying sign of the future.
• BTC and ETH are down 10%, but zoom out. We’re up 90% this year.
• SEC news: Enforcement action against Bittrex and 6 altcoins, including DASH, ALGO and OMG.
• Gary Gensler faces the heat in Congress and wouldn’t answer if ETH is a security.
• Positive news: Euro pegged stablecoin on Ethereum, Helium and Render’s successful migration to Solana and Russia to use Crypto for international settlements.
• The team gave two underappreciated news items this week: Pokemon Cards and y00ts.