Robinhood's new wallet will give customers full control over crypto and NFTs. The new wallet will complete with the likes of Coinbase Wallet and MetaMask. There is a waitlist for the wallet, which is expected to launch by end of the year. The implosion of Terra UST has damaged the reputation of stablecoins and the broader crypto industry. But in an attempt to distance itself from the fallout, Tether says it is different. In a recent blog post, Tether points out that, being a collateralized stablecoin, "it has nothing in common" with UST, which relies on an algorithm to maintain its dollar peg. Universal Music Group has signed a deal to let its artists release NFTs via the upcoming music platform, LimeWire. Previously a peer-to-peer music sharing service, LimeWire will launch a music-centric NFT marketplace on Algorand. Digital music sharing services are coming back... in form. Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020. The real question is whether it's the start of a larger downturn or if there will be a significant bounce-back as in 2020 that led to an extended bull run in both crypto and stocks markets. You can find these stories and more at the link below:
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