Wall Street Weekly Digest Inflation in the EU (8.9%) and the UK (10.1%) continues to grow, and their financial regulators openly declare a recession at the end of the year. Fear of a global recession determined trading in stocks and cryptocurrencies at the end of the week. Galaxy Digital crypto bank refused to buy BitGo custodian. Ethereum transition to POS scheduled for September 15th. The PayPal mobile app has the ability to buy, sell and send cryptocurrencies. Leading Ethereum mining pool Ethermine announced to close after switching ETH to POS. Brazils leading broker XP launched a cryptocurrency trading platform. Mining company Riot Blockchain made a net loss of $366.3 million in Q2. Canadian pension fund CDPQ reported $150 million loss from investment in crypto-bankrupt Celsius. The oldest Binance client is an 84-year-old grandmother from Ukraine. Monero cryptocurrency held Bulletproofs+ hard fork. SBI Holdings decided to close its mining -business in Russia. 24h Global Market Data 13.4K views09:04
