- LunarCrush tweeted a recap video of the crypto industry in 2022.
- The video started with Fidelity including BTC in 401k plans and ended with the FTX bankruptcy.
- The recap mentioned that social activity for crypto was at its highest in 2022.
LunarCrush released a recap video on 2022’s most epic cryptocurrency moments. The video starts with a brief introduction to the company which collects social and market activity from cryptocurrencies, NFTs, and stocks to help users identify anomalies.
The video then dives into all that has happened in the crypto landscape in 2022, starting off with Fidelity Investments announcing plans to put Bitcoin in their 401K accounts, enabling BTC ETF and Mutual Funds.
The video continues to recap headlines including, Investment management company, BlackRock partnering with Coinbase, now bankrupt crypto exchange FTX partnering with Visa to allow crypto-linked cards, and major companies including fast-food chain Chipotle accepting crypto payments, alongside Google accepting crypto payments from users for cloud services
The list continued with major crypto developments in the sports industry with American football player Aaron Rodgers backing Bitcoin and a high number of crypto companies pouring ad money into the football championship Super Bowl.
The recap recalls when GameStop stock prices soared during the launch of the NFT marketplace, and when OpenSea’s valuation was declared at $13.3 billion, as well as when the LooksRare marketplace had doubled OpenSea’s volume in terms of NFTs.
The video also highlights the time when the music festival Coachella launched an NFT collection, when a property in Florida was sold as an NFT, when BAYC raised $450 million in funding, the SEC investigating YugaLabs, Coinbase, and Kim Kardashian, followed by a lawsuit against Ripple Labs.
The video finally ends with the most recent happenings in the market including Sam Bankman-Fried’s FTX collapse and bankruptcy. The recap concludes that 2022 witnessed a major crypto shakeout and extreme volatility, however social activity surrounding web3 was at its peak.
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