Weekly Market Index

Last week’s crypto market prices were up slightly at +1.74%. Volume dropped by -31.68% and volatility increased +7.98%.

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were slightly down -1.3% and -0.1% in the past seven days, respectively. Other selected top-cap tokens were mixed.

News Highlights

• China’s Ministry of Industry and Information Technology, a regulator for the Chinese fintech industry, said it intends to improve standards for its blockchain technology development by 2025. 

• Germany’s second-largest stock exchange and one of the largest in Europe, Boerse Stuttgart, to provide both trading and custody solutions for their crypto asset offerings through its subsidiary Blocknox.

• Japanese bank Mitsubishi UFJ Financial Group and domestic blockchain players are teaming up to launch a stablecoin interoperability pilot.

• American multinational chewing gum company Wrigley plans to enter Web3 through NFTs and its own Metaverse called “Juicyverse”, according to a new patent filing with the United States Patent and Trademark Office (USPTO).

Recent Research Reports

• Liquid Staking Derivatives: Money Legos in DeFi: Today the liquid staking narrative remains strong in anticipation of Ethereum’s Shanghai upgrade, and this report explores its current landscape.

• Visa Card Consumer Spending Insights 2022: In this report, we took a deep dive on how our users spend their crypto, where, and on what. For 2022, the card saw more than 80% growth in total spending compared to the previous year.

• Alpha Navigator: Quest for Alpha [February 2023]: Asset classes took a breather in February and sold off, although crypto bucked the trend. BTC and ETH options implied volatilities remain at subdued levels.

Catalyst Calendar

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