In your nightly crypto news wrap-up, we bring you the top crypto stories. Jerome Powell came out with a hawkish statement on inflation as Elon Musk says America is already in a recession. Are we already in an American recession in 2022 or is the worst still to come? Do Kwon pushes his Terra Revival proposal live even though 92% of the Terra community voted “no”. AAVE has opened its decentralized social media company Lens protocol on the Polygon blockchain. Finally, crypto regulation becomes a topic with the G7.