The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more - one week on Cointelegraph in one link! Coming every Saturday, Hodler's Digest will help you track every single important news story that happened this week. A week of Cointelegraph news, including the best and worst quotes, highlights on adoption and regulation, leading coins, predictions, and more - all in one place. Top Stories This Week 3AC founders admit ties to Terra founders, blame overconfidence in collapse After five weeks of being AWOL the founders and CEO of the defunct crypto hedge fund Three Arrows Capital (3AC), Su Zhu, and Kyle Davies, resurfaced in an interview with Bloomberg. The pair admitted to operating the company with excessive confidence as a result the multi-year bullmarket. They also pointed out that Terra founder Do Kwon was close to them. However, they were shocked when the extremely risky algorithmic stabilitycoin of the project went bust. Zhu and Davies said they overlooked several red flags as a result of the kinship. Mojang Studios bans Minecraft NFT integrations Minecraft developers Mojang Studios banned nonfungible token (NFT) integrations in their wildly popular flagship game this week. NFTs could be linked to price speculation, exclusion, rug pullings, and other undesirable behaviors. To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our client and server applications, the firm announced. Crypto-skeptic gamers called Epic Games, a developer of Fornite, to follow their lead. However, Epic Games said that it definitely will not impose a similar ban. SEC lists 9 tokens as securities in Insider Trading Case - CFTC The U.S. Securities and Exchange Commission (SEC) has listed nine crypto assets as securities as part of the insider trading case against former Coinbase product manager Ishan Wahi. The SEC named Powerledger (POWR), Kromatika (KROM), DFX Finance (DFX), Amp (AMP), Rally (RLY), Rari Governance Token (RGT), DerivaDAO (DDX), LCX, and XYO. These were only nine of the 25 assets that were allegedly used to facilitate insider trading. Experts reveal what Tesla's $936M sell-off means for Bitcoin Following the news that Tesla sold 75% of its Bitcoin in Q2 for roughly $936 million, experts have remained relatively unfazed. Cointelegraph spoke with Markus Thielen (chief investment officer at IDEG), who said that Tesla likely sold its BTC because it was seen to be a distraction from their core businesses. Kylie Purcell, a financial consultant site Finder, suggested that many firms are trying to shore capital in cash currencies given the current macroeconomic climate. Some Twitter users called it a nothingburger, suggesting that Tesla's move may not be significant. Amazon.eth ENS Domain Owner ignores 1M USDC purchaseout offer on OpenSea On Tuesday, the Amazon.eth ENS domain belonging to an anonymous OpenSea user fetched a bid of 1 million USD Coin. In their quest to make a big profit, speculators have a habit of registering ENS domains with the names of famous entities. The bid went unanswered, however, and it is unclear why such a large sum of money was ignored. The next largest bid on this domain was only 6,300 USDC. Winners and losers Bitcoin (BTC), Ethereum (ETH), and Bitcoin (BTC), are at $23,478.96 at the end. XRP is at $0.36. According to CoinMarketCap, the total market cap stands at $1.06 trillion. The top three altcoins to gain this week among the 100 most popular cryptocurrencies are Ethereum Classic at 71.03%, Bitcoin Gold at 50.95%, and Lido DAO at 48.60%. GAMES The top three altcoin losers for the week were TerraClassicUSD at 17.08%, Elrond at 5.05%, and Internet Computer at 1.85%. Cointelegraph has a market analysis that provides more information about crypto prices. When the worlds collide: Joining Web3 & crypto from Web2 Block by block: Blockchain technology transforms the real estate market The benefits and risks of VCs to crypto communities Australia's world-leading crypto laws are at the crossroads: The inside story Thailand's Crypto Utopia -- 90% of a Cult, but without all the weird stuff Most Memorable Quotes All the Ethereum killers back in the day didn’t succeed, and they won’t succeed now. Freddy Zwanzger, Ethereum ecosystem lead at Blockdaemon Developers should have the freedom to decide how to build their game, and you are free decide whether or not to play them. Tim Sweeney is the CEO and founder of Epic Games. Don’t try to fix terrorists, Nazis and fraudsters. They will remain. They existed before the internet, and they will continue to exist after it. Tomer Poran, Vice President of Business Development at ActiveFence Crypto revolutionized the way people use the internet, as we've seen Chrome extensions used. If we can prove this in mobile devices, that will be a game changer. Anatoly Yakovenko, cofounder of Solana The Merge upgrade feels like changing the engine mid-flight. Everything, from the consensus algorithm to execution environment, is being overhauled. Vasily Shapovalov is co-founder of Lido I wouldn't be surprised that Tesla keeps nibbling in Bitcoin after Bitcoin stabilizes. If they had sold 100%, they would not have done so. Markus Thielen, chief Investment Officer at IDEG Prediction of Week Trader says Bitcoin could hit $120K in 2023. According to a Bitcoin trader, who goes by TechDev Twitter, the price of Bitcoin could rise to $120,000 next year. They used the True Strength Index (TSI for BTC) as evidence. This metric uses several base calculations in order to determine how overbought/oversold an asset is at a specific price. TechDev reports that the asset's decline in price since November has remained consistent with historical trends. If these patterns continue, BTC could rise to a peak value of between $80,000- $120,000 next fiscal year. FUD of the Week Report: Gemini reduces staff as crypto prices rise: Gemini's report Gemini, the crypto-exchange owned by Tyler Winklevoss and Cameron Winklevoss has reportedly laid off another 7% of its employees. This was just two months after the firm had laid off 10% of its workers due to the current bear markets. TechCrunch obtained the report from a source close enough to the firm, who stated that Gemini had 68 more employees on its Slack channel in March. FBI issues public warning over fake crypto apps The U.S. Federal Bureau of Investigation has issued a warning about fake crypto apps this week. The FBI estimates that the apps are stealing $42.7million from investors so far. Cybercriminals are said to have created the apps using the same logos and branding as legitimate crypto firms to scam investors. The FBI reported that these fake apps had already been used by 244 victims.
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