72nd Edition

This week in The Flippening, TL;DR

• Ethereum devs set a March date for staking withdrawals
• New York's getting crypto regulations for Christmas
• PayPal makes crypto purchases "ETHier" than ever before

Top Highlights of the Week

1. Ethereum staking withdrawals coming soon

It's a well-known fact that ether staked on the Ethereum mainnet would remain stuck until its next upgrade, Shanghai. The amount of ETH locked is valued close to $30 billion, as of publishing date. During the All Core Devs call on 15th December, the last one for this year, it was made abundantly clear that staking withdrawals are on schedule and will likely happen around March 2023.

Our takeaway: Ethereum's one of the most reputed blockchains on the market for a reason. While precise roadmaps are hard to execute in a decentralized system, Ethereum seems to have found a solution that works. And if the devs can keep their promise, who knows, we might be one step closer to the flippening.

2. Want to regulate crypto? Get in line

The New York Department of Financial Services (NYDFS) announced regulations for TradFi institutions to offer crypto services. The guidance issued to state-regulated banks requires them to submit detailed business plans at least 90 days in advance. These business plans are expected to include risk assessment as well as relevant consumer protection policies.

Our takeaway: New York now joins a long list of jurisdictions bringing regulations to virtual assets. We've always remained optimistic about regulations in the world of crypto. Cryptocurrencies are for the people, and if this is what instills trust and increases the adoption of digital assets, we're all for it!

3. Ethereum's got a new Pal

MetaMask has integrated PayPal with its software wallet. This feature will now allow US users to buy Ether directly from the PayPal app. Users will have to pay MetaMask's 1% service fee as well as the applicable PayPal fees. Currently, there's not much clarity regarding how Apple's 30% in-app purchase fee will apply to this service.

Our takeaway: One small step for Ethereum, one big step for crypto kind. This feature is bound to make the digital asset more accessible to a wider audience. And anything that brings more investors into the crypto community is a win in our book!

• Dreambound Orbital launches NFT collections... into space. NFTs beat crypto to the moon?
• Donald Trump launches NFT collection—and crypto Twitter is losing its mind. Well, that was quite the anti-climax after all that suspense.
• Post-merge, Ethereum block builder Blocknative raises $15 million to provide global infrastructure to Ethereum. Time for an Ethereum comeback?
• Apple to allow users to download from third-party app stores, and it's great news for NFTs and crypto. Bet no one saw that U-turn coming from Apple.

Crypto simplified

We have talked a lot about crypto airdrops in the past. Airdrops are often used to increase the awareness and adoption of a blockchain project. They serve as a way to reward loyal supporters or community members.

With an eventful year in crypto ending, let us look at the best ways to become eligible for upcoming potential airdrops. Here are some general factors that may affect your eligibility:

1. Keep a tab on potential opportunities: First and foremost, out of the entire universe, it is essential to keep a tab on projects that might come out with a token. 'Defillama' maintains a good repository of projects that do not yet have a token but are likely to have one.
2. Holding a certain amount of tokens of a certain project: Some airdrops may only be available to users who already hold a certain amount of tokens of certain other projects.
3. Being a member of the project's community: Some airdrops may be available exclusively to members of the project's community, such as subscribers to the project's newsletter or members of its Telegram group.
4. Completing certain actions: Some airdrops may require users to complete certain actions in order to be eligible, such as sharing the project's social media posts or referring friends to the project.

It's important to carefully read the terms and conditions of any airdrop and follow the instructions provided to ensure that you are eligible to participate.

Disclaimer: All price movements are recorded up to 03:30 PM UTC, 16th Dec 2022

It was a bloodbath this past week. The situation was similar across the stock markets with the Federal Reserve's inflation combatting measures.

Disclaimer: All price movements are recorded up to 03:30 PM UTC, 16th Dec 2022

Currencies sector remained the least affected. Overall, the sectors fared better than individual cryptocurrencies.

Coin of the week 💸

Bitcoin: $BTC

It has been a while since the largest crypto made the cut to our coin of the week pick. The macroeconomic conditions globally have prompted us to choose a less volatile asset, but with the potential to remain a successful long-term investment.

Featured: Mudrex Coin Set 😎

During times of market volatility, assets with a history of proven resistance are less likely to be affected by short-term market fluctuations. These time-tested cryptos are regarded as the Blue chips of the crypto ecosystem.

With the the Federal Reserve and other central banks continuing their journey towards controlling the rising inflation, it is prudent to invest in assets that have the potential to capture the alpha during a rising market and stay relatively stable otherwise.

Crypto Blue Chip Coin Set by Mudrex captures the best of the crypto ecosystem.Cl

Click to invest in Crypto Blue Chip

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