The SEC's crackdown on centralized crypto staking services is benefiting decentralized platforms like Rocket Pool and Lido. The halt on issuing Binance's BUSD could favor decentralized stablecoins. Meanwhile, US inflation data remains a critical market influencer.

The strong jobs report suggests the Fed will likely raise interest rates three times this year to combat inflation. In crypto news, Membrane Finance launched EUROe, a fully-regulated EU stablecoin on Ethereum. Meanwhile, Aave, a leading decentralized lending protocol, is preparing to launch GHO, a multi-collateralized stablecoin backed by user-selected cryptocurrencies.

Cryptos and stock indices are showing renewed correlation. Despite signs of a tight labor market, US recession risk remains due to weak domestic demand and poor earnings reports. Moody's is launching a stablecoin rating tool, which will help analyze the reserves guaranteeing exchange value. Real-yield tokens, which derive income from platform fees, could outperform the market this year. For businesses wishing to generate crypto income, options include investing, staking, lending, mining, liquidity mining, keepering, and airdrops, but all entail varying degrees of risk.