Animoca Brands, the #blockchain gaming giant, is planning to launch a $2 billion fund for #metaverse projects. Rather than seeking economic returns, the Animoca Capital fund will focus on developing the Web3 ecosystem and creating an active market.

Telegram founder, Pavel Durov, revealed the platform’s plans to build a set of decentralized tools, including non-custodial wallets and decentralized exchanges.

In a speech on Wednesday, the U.S. central bank’s chief Jerome Powell hinted at slowing rate hikes starting in December. The #crypto market response was positive, showing an overall 3.11% increase against the U.S. #dollar.

Elon Musk has confirmed his plans to integrate payments into “Twitter 2.0”. While there was no mention of #Dogecoin, the news managed to trigger a 19.4% price surge for the crypto.

According to Glassnode’s recent #Twitter thread, small #Bitcoin holders continue accumulating BTC despite the market turmoil brought on by the FTX exchange collapse.

A non-custodial crypto wallet Metamask will start collecting IP and #Ethereum wallet addresses when users send transactions. Within the crypto community, the privacy policy update has been met with a mostly negative reaction.

Strict COVID-19 restrictions and their aftermath triggered massive protests across China and rising pressure within global markets. Bitcoin lost 3% trading at $16,180 levels, with altcoins down by 4-8%. Considering crypto market vulnerability following the FTX collapse, concerns about the potential Bitcoin correlation have been on the rise.

Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA), released a statement saying that #Bitcoin, #Ethereum, and other cryptocurrencies that are issued solely by computer code do not constitute securities.

The government of El Salvador has presented a bill aimed at regulating Bitcoin bond offering for congressional approval. President Nayib Bukele announced the idea of so-called “volcano bonds” a year ago, and his New Ideas party currently holds a majority in the legislature.

Bill Ackman, billionaire investor and hedge fund manager, posted on Twitter that he thinks “#crypto is here to stay and with proper oversight and regulation, it has the potential to benefit society greatly and grow the global economy.”