RABIT Weekly News (W2 December 2022)

Dec 9, 2022 • 1 min read

In the aftermath of the U.S. Federal Reserve's interest rate liftoff and the bankruptcy of FTX, the cryptocurrency traded quantity plunged as the average traded quantity dropped by 30-40%.
Starbucks launches the NFT membership trial service, 'Starbucks Odyssey.' Starbucks Odyssey has the distinction of introducing NFT to their existing membership service. Currently, the Beta service has been provided only to Starbucks members in the U.S., but it is expected to be provided to the global market.
According to Cointelegraph, institutional investors' interest in the cryptocurrency market continues to increase despite the downturn in the cryptocurrency market. Willy Woo, the cryptocurrency analyst, said, "The traditional financial markets are now seeking an opportunity to enter the cryptocurrency market, and they believe the risk of the cryptocurrency market has been removed through the FTX crisis."

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