Here are the major crypto-related news from last week:

1⃣ US Fed Fires Another 75 Basis Points Rate Hike at Record Inflation.
2⃣ Japan Ministry of Economy launches Web3 policy office.
3⃣ Blockchain Gaming Skyrockets 2,000% in One Year

The Bureau of Economic Analysis released data showing that GDP fell 0.9% between April and June, marking two consecutive quarters of economic contraction.

Negative GDP for 2 consecutive quarters used to be an indicator that we are in a recession.

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Security Tip: With the recent hacks we want to remind people it's a good idea to follow a:

🔥Hot wallet 🔥
❄️Cold wallet❄️

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Last week's major headlines:
1⃣ US Inflation Slows Down in July, Bitcoin and Ethereum Rally
2⃣ BlackRock announces the launch of a new private spot Bitcoin trust
3⃣ BTC mining stocks double in a month as production ramps

Eminem and SnoopDog perform their Otherside song using their BAYC IP at the Video Music Awards.

❓Did you know?

@DogechainFamily launched their mainnet on the 2nd August.

They have had an impressive growth since then with over 6 million transactions and more than 200,000 unique wallets created.

Its EVM compatible and it uses $DOGE to pay for gas fees.…

We are excited to bring you our first IDO in months. Black Magic Network will change the way web3 games are funded, developed and played. Get in at a cheaper crypto discount while you can!

🎉No registration needed. No KYC.

🗓️11AM UTC, Sept 5th!

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