Market Pulse by the Crypto.com Research & Insights Team (Week 44, 01/11/2022 – 07/11/2022)
Market Pulse by the Crypto.com Research & Insights Team (Week 44, 01/11/2022 – 07/11/2022)MATIC surges 27.8%. Instagram will allow minting of NFTs using the Polygon blockchain. Deribit suffers security breach, hackers take $28M.Weekly Market IndexLast week’s crypto market prices were up slightly at +3.7%, while volume and volatility were down -3.7%, and -38.7%, respectively. Sources: Crypto.com Research, Crypto.com PriceNotes: Based on market-cap adjusted index of selected top-cap tokensWeekly PerformanceBitcoin (BTC) is holding above the $20K price level and was up +1.1% last week, while Ethereum (ETH) was down -1.3%. Amongst other selected top-cap crypto tokens, Polygon (MATIC) surged +27.8% and Litecoin (LTC) rose +26.5%. Potentially behind MATIC’s rally might be Meta’s announcement that Instagram will allow creators to mint NFTs using the Polygon blockchain. Sources: Crypto.com Research, CoinGeckoNotes: Selected top-cap tokens; rectangle size represents market capProject Spotlight
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Weekly NFT & GameFi Update (Week 43, 28/10/2022 - 04/11/2022)
Friday, November 4, 2022
Minted Network launchpad goes live. Instagram users will soon be able to mint and sell NFTs. GameStop extends its NFT Store to ImmutableX.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 43, 26/10/2022 - 01/11/2022)
Wednesday, November 2, 2022
Matter Labs launches 'Baby Alpha' on the zkSync 2.0 mainnet. Arco Protocol goes offline, asks community for confidence vote. Huobi Global stablecoin HUSD depegs after delisting.
Market Pulse by the Crypto.com Research & Insights Team (Week 43, 25/10/2022 – 31/10/2022)
Monday, October 31, 2022
Dogecoin rockets up 106%. Elon Musk acquires Twitter. Matter Labs releases second version of zkSync.
Weekly NFT & GameFi Update (Week 42, 21/10/2022 - 28/10/2022)
Friday, October 28, 2022
Crypto.com signs an MOU with ACT Games. Bored Ape Yacht Club NFT holders have access to a new merch drop. Reddit brings half a million newcomers to the world of NFTs.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 42, 19/10/2022 - 25/10/2022)
Wednesday, October 26, 2022
Aave released GHO technical paper and first audit findings. MakerDAO voted in favour of founder's 'Endgame Plan'. NEAR Foundation to end USN stablecoin.
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