**Cryptocurrency News:**
• Bitcoin, the world’s largest digital currency by market value, was down more than 3% at $34,582.36 on Sunday. This year, Bitcoin has been trading in a narrow range as it attempts to reclaim its highs of late 2021.
•NFTs from some of the most popular blockchain networks for crypto art is coming to Instagram with the announcement of a pilot as soon as today.
• Block, formerly known as Square announced that it generated $1.73 billion worth of bitcoin sales via Cash App during 2022’s first quarter.
• Google is reportedly putting together a web3 team that will build services for developers running blockchain applications.
• The algorithmic stablecoin UST, which is part of the Terra crypto ecosystem, is struggling to maintain parity with the dollar following Saturday’s market event.
• The U.S. Securities and Exchange Commission has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department.
• After nearly a three-year-long discussion about establishing a task force to oversee blockchain and crypto initiatives, the governor of Utah, Spencer Cox, signed a bill to create the Blockchain and Digital Innovation Task Force.
• Binance is expected to reintroduce the derivatives option only after receiving regulatory approval in the form of a guarantee certificate from the Bank of Spain.

** CoinMarketCap Top 10 Trending Cryptos:**
1. GMT
4. UST
7. GAL
8. BTC
9. GST
10. SOL

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