Amazon’s Andy Jassy, who took over Jeff Bezos’ role as CEO in July 2021, has revealed the online retail giant could sell non-fungible tokens (NFTs) in the future, but dismissed crypto payments.

CryptoCompare’s latest Asset Report shows that no cryptoasset among the five followed in the report saw negative returns, and interestingly shows Ethereum’s transaction fees fell for a second consecutive month, this time with a 37% decline to $424 million.

The U.S. government has linked North Korean hacking unit Lazarus Group to last month’s exploit of Axie Infinity’s Ronin sidechain network, adding an address “reported to be involved in hack targeting the Ronin bridge” to its sanctions list.

Top stories in the Crypto Roundup today:

•   Amazon CEO Dismisses Crypto Payments, Says Amazon Could Sell NFTs
•   Ethereum Transaction Fees Fall Below $1 Billion in March
•   U.S. Links North Korean Hacking Group to Ronin’s $600 Million Exploit
•   Crypto Market Movers – AAVE, ZRX, MPL

Amazon CEO Dismisses Crypto Payments, Says Amazon Could Sell NFTs

Amazon’s Andy Jassy, who took over Jeff Bezos’ role as CEO in July 2021, has revealed the online retail giant could sell non-fungible tokens (NFTs) in the future, but dismissed crypto payments.

In an interview given shortly after releasing the first Amazon shareholder letter as its CEO, Jassy said he believes “it’s possible down the road on the platform” to sell NFTs, although he said Amazon isn’t close to adding crypto payment options in the future.

During the interview, Amazon’s CEO also revealed he does not own BTC or NFTs, but believes cryptoassets will become more significant over time.

Amazon selling NFTs on its platform would see it compete with other online retailers like eBay, which added NFTs in May of last year.

Ethereum Transaction Fees Fall Below $1 Billion in March

Last month both traditional crypto markets had positive movements, with Bitcoin and stock indices moving very tightly. While BTC saw returns of 5.4%, the S&P 500 Index returned 5.2% and Nasdaq 5.1%.

CryptoCompare’s latest Asset Report shows that no cryptoasset among the five followed in the report saw negative returns, and interestingly shows Ethereum’s transaction fees fell for a second consecutive month, this time with a 37% decline to $424 million.

The drop follows a 12-month record fall of 46.7% that occurred the prior month. Ethereum’s average fee per transaction fell to $12.13. The network, as a result, was inflationary the whole month of March.

While no cryptoasset followed had negative returns last month, Solana led in performance with double-digit returns. The cryptocurrency rose 23.2% in March to reach $123 at month end. This is the first time Solana saw double-digit returns since October 2021.

U.S. Links North Korean Hacking Group to Ronin’s $600 Million Exploit

The U.S. government has linked North Korean hacking unit Lazarus Group to last month’s exploit of Axie Infinity’s Ronin sidechain network, adding an address “reported to be involved in hack targeting the Ronin bridge” to its sanctions list.

The Treasury Department has included Ethereum address x098B716B8Aaf21512996dC57EB0615e2383E2f96 to its sanctions list. The address currently holds 147,753 ETH, and has been flagged as being linked to the Ronin exploit.

The Ronin exploit saw hackers steal 173,600 ETH and 25.5 million USDC tokens in one of the largest exploits of its kind. Sky Mavis, the firm behind Axie Infinity, has pledged to beef up its security and raised $150 million to repay victims of the exploit.

Crypto Market Movers – AAVE, ZRX, MPL

Several tokens are leading the charge in the last 7-day period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Aave (AAVE) - Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.

0x (ZRX) - 0x is an open protocol that facilitates the decentralized exchange of Ethereum-based tokens and assets. Developers can use 0x to build their own custom exchange apps with a wide variety of user-facing applications i.e. 0x OTC, a decentralized application that facilitates trustless over-the-counter trading of Ethereum-based tokens.

Maple (MPL) - Maple Finance is an institutional capital marketplace powered by blockchain technology. On a mission to redefine capital markets through digital assets, Maple expands the digital economy by providing undercollateralized lending for institutional borrowers and fixed-income opportunities for lenders.

State of the Crypto by Top Tier Exchange Volume

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