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🔵 CoinMarketCap Daily:

• BREAKING: Ukraine Cancels Airdrop to Crypto Donors

“Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens,” Ukraine’s deputy prime minister says.

• Ukraine Accepts DOGE as Justin Sun Criticizes Airdrop

More than $50 million has now been raised across multiple cryptocurrencies, but Justin Sun has controversially claimed that it is “unjust” that TRON donors are being excluded from an airdrop.

• Crypto Will Not Be Used to Evade Sanctions, West Vows

Officials in the U.S. and EU say they are monitoring the situation closely — as an expert tells CoinMarketCap that any sanctions evasion using crypto would be easy to detect on a mass scale.

• Fed Still Plans Rate Hike Despite Ukraine Invasion

Jerome Powell says soaring levels of inflation still need to be tackled — and warns the cost-of-living crisis is hurting everyday Americans. Here’s what a rate hike would mean for Bitcoin.

• Two Major Record Labels Join New NFT Marketplace

Sony Music Entertainment and Universal Music Group — who count Adele, Justin Bieber, Kanye West and Elton John among their talent — are going to be launch partners for Snowcrash.

• Double Blow for NFTs Amid Sales Slide and SEC Scrutiny

Crypto executive Ryan Carson recently warned that a “massive NFT crash” — not dissimilar to the implosion of ICOs — is on the horizon.

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