Weekly Market Index

Last week’s crypto market prices were up +11.35%. Volume and volatility also rose by +20.09%and +107.84%, respectively.

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were up +11.2% and +10.3% in the past seven days, respectively. Other selected top-cap tokens also rose, with Polkadot (DOT) as the top performer amid recent news of its blockchain showing growth in user activity.

News Highlights

• Hong Kong’s government successfully issued its first tokenised green bond of 800 million Hong Kong dollars (US$101 million), in collaboration with Bank of China (Hong Kong), Crédit Agricole CIB and HSBC. Processes of the bond lifecycle will be digitalized and performed on Goldman Sachs’ tokenisation platform - GS DAP^TM, a private blockchain network.

• Japan will launch a pilot program in April to test its version of a central bank digital currency (CBDC) known as the digital yen. The move comes after more than two years of proof-of-concept experiments by the Bank of Japan (the country’s central bank) around the digital yen.

• German conglomerate Siemens issued its first digital bond on a public blockchain. The company used the Polygon mainnet to issue the bond worth 60 million euros. Such a bond issuance makes paperwork more efficient and removes the requirement for a central clearinghouse.

• The U.S. consumer price index (CPI) for January rose 0.5% versus 0.1% a month earlier, in line with economist forecasts. On a year-over-year basis, however, inflation came in at a 6.4% versus 6.5% in December and against market predictions for 6.2%.

Recent Research Reports

• Research Roundup Newsletter (January 2023): In our latest issue, we feature trending market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3.

• Alpha Navigator (January 2023): Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio at a yearly low, implying shift to positive sentiment.

• AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3.

Catalyst Calendar

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