# #Thisweek #Coins #Dogecoinleaves https://gotopnews.com/post/826491 With coins this week. Illustration by Mitchell Preffer for Decrypt. Crypto markets continued to see green for the second week running. In a typical week, market leaders Bitcoin and Ethereum set the pace for everyone else, but this week they took a back seat in other impressive rallies. Bitcoin has gained 3% in the last seven days and is currently changing hands at $21,314. Ethereum is up about 2% during this time and is trading at $1,640. Both could have made more headway, but the US Federal Reserve's announcement of another 0.75 percent rate hike Wednesday -- the fourth this year -- quickly disrupted their trajectory. Interest rate hikes are typically met with bearish sentiment among investors who turn to riskier assets like crypto or equities. This is because high rates make it harder for people to borrow money, so generally speaking, they hold onto their wealth and give up on their cheaper investments. On Friday, the two market leaders rebounded somewhat after the release of a Department of Labor report showing rising US job growth. A few top thirty currencies have risen positively this week. Binance Coin rallied 18.6%, Litecoin 25%, Chainlink 20% and Algorand 24% rallied. Uniswap and Cosmos added about 10% to their prices. The top meme coin Dogecoin is up 22% in seven days, surpassing 12 cents . Like last week, everyone's favorite memecoin is still responding positively to the news of Twitter's new executive director. And among the top 30 coins, the most impressive rally was Polygon , which rose 28% over the week after Reddit's booming Polygon NFTs and Meta announced on Wednesday that Instagram will integrate Polygon for its upcoming NFT issuance feature. Is Twitter going crypto? It's been a week since Elon Musk took over Twitter, and news since then has given strong hints that the world's largest microblogging platform may return to Web3 and crypto sooner than we thought. To start off, on Monday, Binance CEO Changpeng "CZ" Zhao appeared on CNBC and said that his exchange has invested half a billion dollars in Musk's takeover, giving crypto "a place at the table when it comes to freedom of speech." CZ also detailed potential crypto use cases on Twitter, saying Musk's tentative plans to charge subscription fees for verified accounts "could be done very easily globally using cryptocurrencies as a means of payment." Last week, Binance announced that it has created an internal blockchain team to assist the Tesla CEO with his crackdown on bot accounts. The previous day, Sriram Krishnan, general partner of venture capital giant Andreessen Horowitz , shared a photo with his followers from Twitter's San Francisco office, tweeting that he was "temporarily helping Elon Musk with some other great people" on Twitter. "I believe this is a very important company and can have a huge impact on the world, and I believe Elon is the one to make it happen," Krishnan said. Adoption! The steady adoption of cryptocurrency continued this week, when the industry on Monday applauded two key announcements. The Hong Kong Securities and Futures Commission said it is now ready for a public consultation on how to give retail investors access to crypto. Although crypto exchanges are allowed to operate in the special administrative region, recruitment is limited to investors with at least HK$8 million in their portfolio. The regulator said it is open to examining property rights for tokenized assets and, at some point, the legality of smart contracts, and is exploring a series of pilot projects to test the potential benefits of using crypto. Potential projects include issuing an NFT for Hong Kong Fintech Week 2022 and possibly even a pilot of Hong Kong's own central bank digital currency . Private equity giant Apollo Global, which manages half a trillion dollars of wealth, announced Monday that it will hold crypto for institutional clients through a new partnership with Anchorage Digital, the first federally authorized crypto bank in the United States. Anchorage will retain a "significant portion" of Apollo's portfolio. COO Adam Eling said in a statement: �Given their commitment to operate under strict regulatory oversight, their strong emphasis on security and separation of client assets, and the ease of use for asset managers to hold digital tokens, we were drawn to work with Anchorage. � According to Aave founder Stani Kulechov speaking to Decrypt, on Wednesday, Singapore's Monetary Authority decentralized finance pilot program ran "the first real-world use case for enterprise-grade DeFi protocols." J.P. Morgan, DBS Bank, and SBI Digital Asset Holdings used the Aave protocol in Polygon to complete foreign exchange and government bond transactions on Ethereum. Banks exchanged tokenized versions of Singapore government bonds for JapMore Info