62nd Edition

This week in The Flippening, TL;DR

• Leading asset management firm brings Ethereum Index Fund
• Bitcoin, I'm Lovin it, says our most loved fast food chain
• Historic crypto law finally coming to EU after 2 years of efforts

🔊 Top Highlights of the Week

Asset management giant, Fidelity, builds a $5 Million Ethereum Index Fund

Fidelity Investments seems to be a flagbearer of Ethereum investments among institutional players. The leading asset management company collected $5 million and is exclusively open to qualified investors only. The progress of the Fidelity Ethereum Index PR benchmark will be tracked. 

The Ethereum 'Merge' is considered a crucial reason that has piqued the interest of many big industry players. 

{{newsletter-component}}

Bitcoin, I’m Lovin’ It, says McDonald's

It is a small step for one of the largest fast food chains while a giant leap for crypto! Lugano is a city in Switzerland wherein you can now pay for your 'Happy Meals' with Bitcoin and USDT. 

Lugano is well known as the hot crypto hub in Europe, with a high adoption rate. BTC and USDT are also accepted when their citizens are filing taxes. It is indeed a progressive step for the crypto ecosystem. If widescale crypto adoption is a marathon, these initiatives serve as small sprints leading to the big race. 

The European Union is finally coming up with its historic crypto law after 2 rigorous years

Anyone working on releasing cryptocurrency must submit a white paper outlining the project's details. Stablecoin issuers will be required to meet specific financial criteria, including keeping reserves to back up the value of their token. Officials claim that the crypto industry should be allowed to develop without "undue burden."

Such checks and balances with an open road to innovation are the need of the hour.

Other Highlights:

• MakerDAO is swapping DAI worth $500M for US treasuries and bonds.
• Mastercard introduced Crypto Secure, a new tool designed to assist institutions with risk management related to crypto crime.
  
• BlackRock is launching an ETF and has interests in 35 Blockchain-based firms.
  
• Dogecoin pumps momentarily after Elon Musk yet again agrees to buy Twitter.

Upcoming important dates in crypto

October 4-5, 2022: Blockchain Economy Dubai Summit:

This event is one of the largest meeting places for the top crypto companies and blockchain entrepreneurs in the Largest Crypto Hub in the World.

October 12-14, 2022: Bitcoin Amsterdam

Bitcoin Amsterdam brings the European Bitcoin community to the global stage and will also be a great opportunity to learn, engage, and party with other bitcoiners.

It remained a modest week for the cryptocurrency market. The blue chips in crypto hovered around their crucial resistance levels. The sluggishness in the market resonated with investors adopting a cautious stance on macroeconomic events. We are keeping a close eye on Ripple as it makes interesting strides toward growing its presence across different geographies.

Although we did not see much from individual cryptos, the different sectors saw modest growth over the previous week. DeFi continues to outperform for the second consecutive week. Could this be the moment that brings back the old charm of DeFi? Only time will tell!

Coin of the week

Polygon Matic: $MATIC

This Ethereum scaling solution is witnessing increased interest from investors following the Merge. One exciting fundamental update for Matic is its recent association with Robinhood. The Robinhood wallet will now run on Polygon's blockchain, potentially bringing ~22 million users to Polygon. We expect it to drive demand for the native token, Matic, and it will be on our radar for the long term.

Featured - Mudrex Coin Sets

Crypto Blue chip:  This Coin Set consists of the top 5 cryptocurrency assets weighted by their market capitalisation. The weightage given to different coins helps tackle market volatility.

DeFi 10:This Coin Set invests in well-diversified tokens in the Decentralized Finance space. 

Smart Contract Platforms: It encapsulates the top 7 smart contract platform tokens weighted by their market cap.

Share the Flippening with your friends and earn rewards

Did you know that reading the Flippening is sweeeet on an iPhone, too? Sharing the Flippening with 3like-minded readers can help you stand a chance to win an iPhone 14. Get access to exclusive content about potential airdrops and a shoutout on Twitter. Don't miss your chances for bragging rights and some community swag!

Hurry now! Refer at least 3 friends to subscribe to the Flippening and become eligible. Click below to get your unique referral link.

Here we are at the end of our 62nd edition. We hope you liked reading it. The team would love to hear back from you.

Liked this edition? Refer a friend to subscribe to the Flippening today!