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The U.S. Department of Treasury has asked the public to submit comments on digital assets, including cryptocurrencies. The Treasury has invited comments on the illicit uses of crypto and the proposed action plan in particular. Thenotice follows the Executive Order on 9 March 2022.

Whale movements recently have turned out to be a blessing in disguise on Chainlink [LINK]. With the crypto markets experiencing a major sell-off event last week, LINK token prices were among the ones that suffered.

Court filings made by Voyager Digital indicate that the bankrupt crypto lender is seeking to unwind a loan of $200 million that was extended to Alameda Research, Sam Bankman-Fried’s quantitative crypto trading firm.

Coinbase on Monday announced that the cryptocurrency platform is releasing a new fee schedule on Sept 20, 5 pm EST.

Take a look at some of the biggest movers in the premarket:

ATOM was among the few cryptocurrencies that managed to bypass last week’s bearish pressure. While this paved the way for the bulls, their dominance is short-lived after encountering friction at its short-term resistance level.

Ethereum (ETH) has not been able to get the right footing since the much-anticipated Merge went live on September 15.

Bitcoin noted some upside over the last 24 hours following a brief recovery back above $20,000. Investors that have kept a close eye on its performance over the last few weeks may have noticed its confinement within a tight range. However, it might be closer to the tail end of this range, and things are about to get more interesting.

UNI might not be among the best-performing cryptocurrencies over the last 7 days, but its press time position seemed to suggest an upcoming change. In fact, it was flashing multiple signs that make it a healthy candidate for investors looking for potential gainers next week.

AAVE just concluded a bearish week alongside most of the market’s top cryptocurrencies. Despite this outcome, however, it is still currently one of the top candidates for the bulls as the market enters a new week. Here’s why –

Cardano [ADA], in its newly published weekly development updates, saw some ecosystem growth between 9 to 16 September. According to the report, 98 projects launched on the blockchain within the period under review. This represented a 4% uptick from the 94 projects launched on the network the week before. 

According to crypto social intelligence tool, LunarCrush, ATOM, has been one of the best-performing cryptocurrencies in the last 90 days. With its price at the $16 price level, LunarCrush found that the price of the #18 largest cryptocurrency had gone up by 139% in the last three months.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

The long wait came to an end when the much-hyped Ethereum [ETH] Merge completed successfully. This development sparked community excitement, and Twitter was flooded with opinions about what would happen next.

The United States Treasury Department released three publications related to digital assets Friday, in response to U.S. President Joe Biden’s executive order “Ensuring Responsible Development of Digital Assets.” One of them focuses specifically on crypto assets, and a shorter action plan looks at countering illicit finance risks. 

Memecoin Shiba Inu [SHIB] recently registered a decline in its price. Though the developers are leaving no stone unturned to burn large amounts of tokens daily, their efforts are not reflecting on SHIB’s chart.

The London Metal Exchange is facing fresh legal action from five trading firms including AQR Capital and Capstone Investment over its handling of the March nickel crisis.

The framework comes six months after President Biden issued a sweeping executive order on the oversight of cryptocurrencies and is based on reports with recommendations on protecting consumers, investors, businesses financial stability, national security and the environment.The reports call for the SEC and CFTC to "aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space", and also asks the CFPB and FTC to "redouble their efforts to monitor consumer complaints".Meanwhile, the president will consider asking Congress to amend the Bank Secrecy Act to explicitly apply to digital asset service providers.The Treasury will complete an illicit finance risk assessment on decentralised finance by the end of February 2023 and an assessment on non-fungible tokens by July 2023.While signalling a crackdown on fraud, the White House insists it also wants to "foster responsible digital asset innovation".To this end, the Office of Science and Technology Policy and NSF will develop a Digital Assets Research and Development Agenda, while regulators are being encouraged to provide firms in the space with guidance and best-practice information.On a potential digital dollar, the administration says it encourages the Federal Reserve's research and will support this with a Treasury-led interagency working group to consider the potential implications of a CBDC.The White House also wants to push efforts to improve the efficiency of cross-border payments by working to align global payments practices, regulations, and supervision protocols, while exploring new multilateral platforms that integrate instant payment systems.Secretary of the Treasury Janet Yellen says: "The reports clearly

The update is in conflict with guidance released in March of this year, which states that US listed companies which hold cryptocurrencies on behalf of users should account for those assets as a liability on their balance sheet and inform users of the risks.

In this article

Ethereum just concluded the blockchain industry’s most anticipated event of 2022. The Merge garnered a lot of hype, especially in the last weeks but the entire period turned out anticlimactic for ETH’s price action.