Yuga Labs NFT Buys CryptoPunks and Meebits, Europe Pushes For Greener Crypto

It was another good week for WAVES, which increased in value 55.9% over the past seven days. Just behind it were RUNE (up 34.1%), ZEC (up 32.6%), and STX (up 10.1%).

However, as a whole, the crypto market declined. At the extreme end of the spectrum, we have ANC, which saw its price decrease by a significant 47.6%. Similarly, HEART experienced a drop of 45.1%, FTM of 30.3%, and JUNO of 18.6%.

Investors in the major cryptocurrencies didn’t see such dramatic price changes, but the general trend was downward. BTC decreased by 2%, ETH by 3.7%, and SOL by 11%. The only exception was XRP, which enjoyed a price increase of 3.8%.

Yuga Labs — the company behind the mega-popular Bored Ape Yacht Club NFT collection — has now acquired CryptoPunks and Meebits, two more very popular NFT collections that were previously owned by Larva Labs.

The US Treasury has released information about avoiding the use of cryptocurrencies to circumvent sanctions for Russia. It said that individuals in the US shouldn’t make crypto transactions that involve the Russian Federation, the Ministry of Finance of the Russian Federation, or the National Wealth Fund of the Russian Federation.

This will be a welcome development for Ukraine — the country has been asking crypto exchanges and countries to halt their dealings with Russia. More recently, Vice Prime Minister Mykhailo Fedorov made this request to the stablecoin protocol Tether, which Ukraine has been using but facing premiums for.

New figures suggest that more than $26 billion worth of ETH is locked up in a staking contract for Ethereum 2.0 while the protocol awaits an update to Ethereum 2.0, which will move from a proof-of-work to proof-of-stake system for verification.

After its first launch was met with failure, the Ethereum Virtual Machine (EVM) chain Evmos is going for a second attempt. The protocol, which aims to enable transactions between Ethereum and Cosmos, launched its mainnet last week — but things didn’t quite go to plan due to bugs and a security vulnerability.

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