Crypto Trends Weekly March 5 – 11

Breaking crypto news from the last week (Mar. 5 – 11, 2022):

Mar. 5: The global pandemic changed everything for creators: The stay-at-home orders accelerated the shift toward blockchain and Web3 advancement, writes Doug Petkanics, a co-founder at Livepeer, where the team is building a decentralized live video broadcast platform to enable the next generation of video streaming.

Mar. 6: Prominent developer Andre Cronje has quit the DeFi sector, according to an announcement by his colleague Anton Nell, a senior solutions architect at the Fantom Foundation, who’s joining him in that decision without citing a reason. The price of YFI and other tokens where Cronje was involved plunged after reports of him leaving the industry.

Mar. 7: US President Joe Biden is ready to sign a long-awaited executive order related to cryptocurrency regulations this week, said Bloomberg citing anonymous sources. The order will allow federal agencies to study the impact of crypto on the economy.

Mar. 8: The Avalanche Foundation has launched a $290 million incentive program called Multiverse to promote its new “Subnet” functionality. The Subnets’ intended utility is to encourage the development of a vibrant ecosystem of “scalable app-specific blockchains.” The foundation wants Web3 builders to develop subnetworks using its technology.

Mar. 9: Binance Holdings is in talks to obtain a license to operate in Dubai. The move comes after Dubai adopts its first law governing virtual assets.

Crypto tokens tied to gold, a traditional inflation hedge, continue to see solid growth with a market cap surpassing $1 billion amid a turbulent geopolitical backdrop as the specter of stagflation hangs over the global economy.

Mar. 10: Roofstock, a digital real estate platform for single-family rental investing, announced closing a $240 million Series E round led by SoftBank‘s Vision 2 fund. With the new funding, Roofstock achieved a valuation of $1.94 billion.

Mar. 11: Yuga Labs, the company behind one of the biggest and most valuable NFT collections in the industry, the Bored Ape Yacht Club, announced Friday that it has bought the rights to the intellectual property of the other two most popular collections – CryptoPunks and Meebits – from Larva Labs.