Inflation was an economic concept that most people never had to consider in daily life.

Like annual GDP growth or the price of one ounce of silver.

Who cares, right?

Since the rapid increase in prices and Fed rate adjustments, inflation is top of everyone's mind - and for good reason! Lower inflation means lower rates and more money flowing into assets.

Today's CPI print came in at 6% year over year, with an increase of 0.4% over February.

The Labour Department noted that "this was the smallest 12-month increase since the period ending September 2021."

Traditional markets weren't sold on the news and experienced a choppy Tuesday morning, resulting in a pretty flat day. Whereas crypto lovers were jumping through the roof with excitement as Bitcoin and Ether surged for the second day in a row.

Why the contrast in market reactions?

Bitcoin talking head Anthony Pompliano took to Twitter, stating, "Bitcoin continues to accelerate in response to high inflation, a legacy banking crisis, and lack of predictability in the Fed's response."

This may oversimplify the issue, but it's nice to think that Bitcoin may finally be the inflation hedge we've needed. Either that, or traders are simply anticipating a 'fed pivot' in order to stave off more bank collapses.

Looking further into the CPI data, we find that the "shelter" basket contributed to over 70% of the CPI increase. The basket includes necessities like food, household furnishings, and energy.

Maybe selling your house to buy Bitcoin isn't such a bad idea after all. (Certainly not financial advice 😝)

The team behind crypto's #1 decentralized exchange has been keeping busy!

Following an announcement on March 3rd, where Uniswap offered early access to their non-custodial mobile wallet, the news immediately broke that the team is having difficulties launching their app on the Apple App Store.

Why the issues?

A spokesperson for Uniswap was quoted saying, "Apple won't yet green-light our launch, and we don't know why - we've responded to their concerns, answered every question and reiterated that we are 100% compliant with their specifications".

Meaning that no one knows the reason for the hold-up.

Strange.

Interestingly, other mobile wallets (Metamask, Rainbow, TrustWallet) have had no issue launching their product on the App Store and are known to route users' trades through Uniswap when needed.

Uniswap's Design Lead, Callil Capuozo, added, "It's a rulebook that nobody can read which is a really hard environment to operate in."

The Uniswap team hopes that the TestFlight program showcases the safety of the Uniswap wallet and can act as a bridge to bring the app to all iPhone users.

Go Uniswap!

While waiting on approval from the tech giant, the Uniswap team has been on their toes. 

News leaked Tuesday morning that Uniswap will join Aave as one of the first DeFi apps on Coinbase's Base blockchain.

Uniswap is expanding and expanding now.

Just recently, a governance vote dictated that Uniswap would bring its services to Binance's Smart Chain, previously dominated by PancakeSwap.

BSC and Base!

Although this may be another fabrication of the rumor mill, it's exciting that Coinbase's layer two could be another great network for crypto users to transact on.

If Uniswap is so focused on growing, are enough resources going to their current product?

Actually, the core product is doing better than ever.

This weekend during the infamous USDC de-pegging, Uniswap processed over $11.8B in transaction volume over a 24h period, running without a second of downtime!

Uniswap's Founder Hayden.eth commented on the accomplishment and simultaneously threw a little jab at the traditional institutions.

Spicy.

Over a year ago, Amazon CEO Andy Jassy said that the sale of NFTs on Amazon was "possible down the road" and since then, speculation has been in the air.

Are Ape JPEGs coming to Amazon? That seems strange.

Interest reached an all-time high earlier this year when Blockworks released an article titled "Amazon NFT Initiative Coming Soon: Exclusive" - covering how the platform might work and which assets could be traded.

Amazon has yet to comment on the piece, but we've received some interesting takes from current leaders in the NFT space.

Orange Comet CEO Dave Broome and OpenSea's chief business officer Shiva Rajaraman are upbeat about Amazon's venture into blockchain and web3. Both leaders spoke on the positive traction that Amazon could bring to the industry.

Blur CEO, Pacman, had some more harsh feedback for the retail giants, stating that he "would be surprised if web2 companies make something compelling in web3."

In his defense, not many legacy companies went on to become the best internet companies throughout the growth of web2.

But everyone loves some healthy competition!

Most crypto users would be thrilled for Amazon to bring its 300M users into the NFT space to help build out the digital economy.

Well at minimum, the loaned credibility would be appreciated.

With certain government officials blaming bank collapses on crypto and Meta pulling Instagram away from NFTs, it could be the social adrenaline boost the space needs!

But how would Amazon get involved?

The leading theory is a marketplace for gaming NFTs. Since Twitch, the massive video game and streaming platform is under Amazon's wing, it could partner with creators and game developers to bring the ever-growing gamer market onchain.

Keep an eye out for something like this in the coming months, and remember, Coinsprout said it first. Or second.