Deliq Weekly News Update 2

*Indonesia’s central banking regulator Bank Indonesia has announced the start of a consultation process for its central bank digital currency (CBDC) initiative known as Project Garuda.

*Vitalik Buterin, the co-founder of Ethereum, in a recent podcast, revealed that he didn’t expect non-fungible tokens (NFTs) to be as successful as it is at the moment.

*Venom Foundation and DAO Maker are joining forces to incubate promising web3 projects focused on delivering solutions for real-world problems

*As Turkey and Syria recovers from the devastating earthquake, crypto firms and individuals, including Optimism, Connext, Binance, and Vitalik Buterin of Ethereum continue to offer support

*Consumer Federation of California reattempts to regulate crypto companies

*BTC block reward miner Hut 8 (NASDAQ: HUT) is merging with US Bitcoin Corp. (USBTC) to form Hut 8 Corp., or New Hut, the two companies have announced.

*United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has publicly rebuked her own agency over the shutdown of crypto exchange Kraken’s crypto staking program in the United States

*The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes banning retail crypto staking in the United States would result in even more businesses moving offshore.

*Avalanche price analysis in positive momentum is currently in motion : AVAX gains nominal value as price touches $18

*The Avalanche Foundation has donated $1M in AVAX to the disaster relief efforts, for the earthquake that has affected Turkey and Syria. Encouraging others to join the effort.

• $JOE will be launched as an omni chain fungible token (OFT). This evolution of $JOE will unlock seamless connectivity for the $JOE token across all chains supported by the Trader Joe DEX