Market Pulse by the Crypto.com Research & Insights Team (Week 19, 03/05/2023 – 08/05/2023)
Market Pulse by the Crypto.com Research & Insights Team (Week 19, 03/05/2023 – 08/05/2023)Crypto.com launches artificial intelligence chatbot, Amy. US Federal Reserve raises rates by 25 bps. Kingdom of Bhutan is running $BTC mining operations.Chart of the WeekBitcoin Ordinals inscriptions continue to surge, making new record highs of over 4 million. Bitcoin Ordinals NFTs are minted on Bitcoin’s base layer using the Ordinal theory through the Ordinals protocol. The aim of Ordinal theory is to give each Satoshi an individual identity, allowing them to be tracked, transferred, and imbued with individual meanings through inscriptions. This allows one Satoshi to be different from another, hence non-fungible. Want to read more? Check out our new report Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT. Weekly Market IndexLast week’s crypto market prices were down -2.38%. Volume and volatility also dropped by -14.91% and -21.18%, respectively. Weekly PerformanceBitcoin (BTC) and Ethereum (ETH) were down -3.8% and -1.6%, respectively, in the past seven days. Other selected top-cap tokens also dropped. Selected key categories were also all down in the past seven days. News Highlights
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Catalyst CalendarDisclaimer: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.Thank you for reading! We hope you find Market Pulse, our new weekly market insights newsletter enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! |
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Weekly NFT & GameFi Update (Week 18, 29/04/2023 - 05/05/2023)
Friday, May 5, 2023
Auction house Sotheby's launches secondary NFT marketplace. Blur launches NFT lending protocol, Blend. Sports Illustrated launches NFT ticketing platform on Polygon.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 18, 27/04/2023 - 03/05/2023)
Wednesday, May 3, 2023
Cronos Labs partners with AWS for its AWS Activate programme. Bitcoin's transaction volume hits all-time high thanks to Ordinals. Circle launches USDC transfer protocol for Ethereum and Avalanche.
Market Pulse by the Crypto.com Research & Insights Team (Week 18, 25/04/2023 – 02/05/2023)
Tuesday, May 2, 2023
Crypto.com and Samsung enhance Crypto.com App for Galaxy Z Fold. Cronos Labs collaborates with AWS to support Web3 startups. Franklin Templeton launches money market fund on Polygon.
Weekly NFT & GameFi Update (Week 17, 22/04/2023 - 28/04/2023)
Friday, April 28, 2023
Bored Ape Yacht Club creator Yuga Labs wins landmark victory over copycat project. Musicians Steve Aoki and 3LAU announce track inspired by CryptoPunks. Romania launches national NFT marketplace.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 17, 20/04/2023 - 26/04/2023)
Wednesday, April 26, 2023
Third round of Ethereum withdrawals almost meets the deposits amount. Aptos introduces Delegated Staking. 1inch deploys protocols on Ethereum rollup zkSync Era.
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CryptoQuant Research Director: Halving is imminent and Bitcoin price has room to continue to rise
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DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL
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