This week in web3 #25

Every Friday afternoon, we share with you the most important news of the week in the world of web3.

This week in web3 #25

1️⃣ Bitcoin drops below $30K

Bitcoin slid more than 3% in just 15 minutes during European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization to below $30K.

2️⃣ Coinbase could leave the US

Coinbase, the largest U.S.-domiciled crypto exchange by trading volume, could leave the U.S. if regulators don't clarify their approach to cryptocurrencies, CEO Brian Armstrong said.

3️⃣ EU adopts MiCA

Lawmakers in the European Union on Thursday voted in favor of a new crypto licensing regime, Markets in Crypto-Assets (MiCA), making it the first major jurisdiction in the world to introduce a comprehensive crypto law.

4️⃣ Société Générale lauches stablecoin

Société Générale's crypto arm, Forge, announced plans to launch a euro stablecoin, "CoinVertible," on the Ethereum blockchain. Unfortunately, the smart contract shows issues that make the coin very centralized.

5️⃣ Rainbow + Ledger

Rainbow, the crypto wallet company, just announced that you can pair your Ledger Nano X hardware wallets with your Rainbow wallet on iOS and Android.

6️⃣ Trump releases 2nd NFT collection

Former POTUS Donald Trump took to Instagram after over two years to advertise his second series of NFTs.