The Consumer Price Index inflation data arrived higher than expected, and markets responded in roller-coaster fashion before settling down. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Author: Glenn Williams, Jocelyn Yang

Lindsey McInerney on why entertainment will bring the first 100 million people to Web3. Author: Jeff Wilser

The Financial Accounting Standards Board (FASB) has said that firms should use fair-value accounting methods for cryptocurrencies likes bitcoin and ethereum. Author: Oliver Knight

Decentraland and Meta’s Horizon Worlds, among others, say they’re popular, but a deep dive into user data indicates that they’ve yet to catch on; Bitcoin trades up slightly as inflation report nears. Author: Sam Reynolds, James Rubin

Author: Jeff Wilser