Market Pulse by the Crypto.com Research & Insights Team (Week 48, 06/12/2022 – 012/12/2022)

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Market Pulse by the Crypto.com Research & Insights Team (Week 48, 06/12/2022 – 012/12/2022)

Crypto.com releases its Proof of Reserves. Ethereum’s developers prioritising staked ETH withdrawals. Starbucks testing customer loyalty programme with NFT collecting.

Crypto.com

Dec 12

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Weekly Market Index

Last week’s crypto market prices were flat at +0.51%, while volume and volatility dropped by -20.09% and-48.99%, respectively.

Sources: Crypto.com Research, Crypto.com Price

Notes: Based on market-cap adjusted index of selected top-cap tokens

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were down -0.9% and -1.8%in the past seven days, respectively. Other selected top-cap crypto tokens also mostly fell.

Sources: Crypto.com Research, CoinGecko

Notes: Selected top-cap tokens; rectangle size represents market cap

News Highlights

Crypto.com released its audited Proof of Reserves, enabling users to verify that their crypto assets are fully backed (1:1) on the platform.
Ethereum’s developers are prioritising staked ETH withdrawals for the network’s next major upgrade, Shanghai, delaying the implementation of The Surge, the network’s sequel to The Merge.
Goldman Sachs is reportedly looking to buy crypto firms amid current lower valuations.
Starbucks launched a beta test of its Odyssey program, which combines customer loyalty rewards with non-fungible token (NFT) collecting and other gamified elements.

Recent Research Reports

Research Roundup Newsletter (November 2022): In our latest Research Roundup, we feature trending market insights and our research reports on SocialFi and the decentralised social network landscape.

Decentralised Social Networks: An Overview: Decentralised social networks aim to enable participants to take back ownership of and better monetise their content and data. We explore the project landscape.

Social Graph and Digital Identity in Web3: Relationships and identities are key elements that make up social networks. In this report, we put a spotlight on the roles that decentralised social graphs and digital identity play in Web3 social.

Alpha Navigator (November 2022): Risk assets were up in November, with the exception of crypto. Could potentially slower rate hikes provide some Christmas cheer?

Catalyst Calendar

* Forecasts from CME FedWatch Tool; dates shown are for Eastern Time

Disclaimer:

The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.

This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.

The brands and the logos appearing in this report are registered trademarks of their respective owners.

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Weekly NFT & GameFi Update (Week 48, 2/12/2022 - 9/12/2022)

Friday, December 9, 2022

US$30 million staked in the first day of ApeCoin staking. Warner Music to release music NFTs in January 2023. Starbucks launches beta test of NFT loyalty programme. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 48, 30/11/2022 - 06/12/2022)

Wednesday, December 7, 2022

Telegram to build crypto exchanges and wallets. Trader Joe to deploy on Ethereum L2 network Arbitrum. US$20M exploit confirmed on Ankr and Helio Protocol, Ankr to reimburse affected users. ‌ ‌ ‌ ‌ ‌ ‌

Market Pulse by the Crypto.com Research & Insights Team (Week 47, 29/11/2022 – 05/12/2022)

Monday, December 5, 2022

Telegram to build a decentralised exchange and non-custodial wallets. Fidelity opened up retail crypto trading accounts. European Investment Bank issues first-ever digital bond. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Weekly NFT & GameFi Update (Week 47, 25/11/2022 - 2/12/2022)

Friday, December 2, 2022

NFT trading is now live on Uniswap. Porsche has planned a 7500-piece NFT collection. Animoca Brands starts a US$2 billion metaverse fund. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 23/11/2022 - 29/11/2022)

Wednesday, November 30, 2022

Ethereum staking withdrawals enter the testnet stage. Gas usage on Ethereum L2 networks reaches record monthly high. Aave proposed governance changes after failed US$60M short attack. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Journey with Deadmau5 through the Metaverse | Decentralized Arts

Wednesday, February 8, 2023

Dear Bankless Nation, What do adidas, Nike, Starbucks, and Deadmau5 have in common? They've adopted, adapted to, and are immersed in NFTs and the metaverse. This technology is taking fashion,

Turkish watchdog stretches rules and allows crypto wallets to collect aid

Tuesday, February 7, 2023

A Turkish singer convinced the country's watchdog to allow three wallets to collect funds, even though the act isn't currently legal in Turkey. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Coin Metrics’ State of the Network: Issue 193

Tuesday, February 7, 2023

Tuesday, February 7th, 2023 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Canto Eco Checklist, Trending L1 with DeFi Components

Tuesday, February 7, 2023

Author: @0xMavWisdom Following the recent launch of the Contract Security Revenue (CSR) cost allocation model, Canto has seen strong growth in the number of transactions, TVLs, and cross-chain data on

Binance is suspending USD-based bank transfers

Monday, February 6, 2023

Binance said its users' could use all other methods of buying and selling crypto, including bank transfers in other fiat currencies like Euros. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Global Crypto Mining News (Jan 30 to Feb 5)

Monday, February 6, 2023

1. Kazakhstan Parliament adopts law regulating crypto mining and exchange. The Law of the Republic of Kazakhstan on Digital Assets and its related accompanying documents were considered by the Senate

Market Pulse by the Crypto.com Research & Insights Team (Week 54, 31/01/2022 – 06/02/2023)

Monday, February 6, 2023

CRO Accelerator Program opens applications for its second cohort. Indonesia's Ministry of Trade to roll out a national crypto exchange. ETH launches test network, Zhejiang for staked $ETH

FOMC Meeting... What You Need to Know

Monday, February 6, 2023

We bring you the top stories in crypto every week! Stories like... Monday February 6, 2023 Sign Up Your Weekly Update On All Things Crypto In Partnership With: TL;DR FOMC Meeting Sheds Some Light On

UK looks to launch digital pound by 2030, roadmap to be released soon

Sunday, February 5, 2023

The Bank of England and the Treasury believe that the UK will "likely" need a digital pound amid declining cash usage. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Asia's weekly TOP10 crypto news (Jan 30 to Feb 5)

Sunday, February 5, 2023

Author：Lily Editor：Colin Wu 1. Kazakhstan's weekly summary 1.1 Kazakhstan Parliament adopts law regulating crypto mining and exchange link Lawmakers in Nur-Sultan have approved the final version of