Over the previous few months, there have been some main developments popping out of China which have rocked the cryptocurrency market and the worldwide monetary markets. China’s Evergrande debt reimbursement disaster despatched shockwaves all through international equities markets, in addition to the USA Securities and Trade Fee’s (SEC’s) constant signaling of upcoming regulation for stablecoins and decentralized finance (DeFi) continued to weigh on sentiment inside the market. Whereas the Evergrande state of affairs considerably resolved itself, in the interim, the federal government crackdown on unregulated DeFi platforms and stablecoin transactions continues. This has resulted in cross-chain geared up layer-one protocols…