The year 2022 has been characterized by both ups and downs in the cryptocurrency market. Bitcoin, the largest and most well-known cryptocurrency, experienced a significant price increase in the first few months of the year, reaching an all-time high of over $67,000 in April. However, the market then went through a significant correction, and the price of Bitcoin dropped sharply to around $30,000 in July. This market correction also affected other cryptocurrencies, and the overall market capitalization of the crypto market has seen a significant drop from its peak earlier this year. Nevertheless, cryptocurrencies remain a popular investment option, and many analysts predict that the market will continue to grow in the coming years. In recent months, there has been increasing interest in the development of central bank digital currencies (CBDCs), which are cryptocurrencies issued by national banks. Several countries, including China and the Bahamas, have already launched their own CBDCs, and others are exploring the possibility of doing so. Furthermore, the crypto industry has seen growing institutional adoption, with large companies and financial institutions investing in cryptocurrencies or integrating blockchain technology into their operations. For example, in November 2021, Facebook changed its corporate name to Meta and announced its plan to build a metaverse powered by blockchain technology. Overall, the crypto market remains volatile and subject to sudden fluctuations, but it continues to attract significant attention from investors and innovators alike.