• Adidas has announced a partnership with Nasdaq-listed crypto exchange Coinbase as it plots an expansion into the Metaverse;
• Fear and Greed Index for the past week:
• According to a report by the Solana Foundation, a single transaction on the Solana network consumes 1,836 joules of energy. It is interesting that search request in Google consumes 1,080 joules;
• NFT, the abbreviation of «non-fungible token», has been named Word of the Year by dictionary publisher Collins, beating "crypto" and «metaverse» to the top spot;
• BTC network already processes more transaction volume than PayPal - $ 489 billion per quarter for BTC versus $ 302 for Paypal. Though Visa ($ 3.2 trillion) and Mastercard ($ 1.8 trillion) are still far away;
• The government of India will present a digital asset market regulation bill during the winter session of parliament. According to the preliminary agenda, the authorities plan to ban almost every «private cryptocurrency»;
• Ethereum co-founder Vitalik Buterin has put forth a proposal with Ansgar Dietrichs, a software developer for Ethereum. The proposal, called EIP-4488, is proposed as a short-term solution to the escalating gas fees experienced on Layer 2;
• Since the activation of the London update with the EIP-1559 burning mechanism, 1,000,000 ETH worth $ 4.3 billion have been burned on the Ethereum network;
• A piece of virtual land in the Axie Infinity NFT game was sold for a record 550 ETH;