Market Pulse by the Crypto.com Research & Insights Team (Week 20, 09/05/2023 – 15/05/2023)
Market Pulse by the Crypto.com Research & Insights Team (Week 20, 09/05/2023 – 15/05/2023)US inflation indicator CPI rose 4.9% YoY in April. Microsoft, Goldman Sachs, and more are developing a blockchain called Canton. New survey finds 26% of family offices are invested in crypto.
Chart of the WeekBRC-20 transactions have been surging since March. The BRC-20 token standard is an experimental fungible token standard for the Bitcoin blockchain. It enables developers to create and transfer fungible tokens using the Ordinals protocol. As of writing, 18,250 tokens have been minted using the BRC-20 standard - like ORDI, the first BRC-20 token. Learn more in What is the BRC-20 token standard for Bitcoin? Also, check out our new report Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT. Weekly Market IndexLast week’s crypto market prices were down -5.74%. Volume and volatility also dropped by -4.46% and -13.83%, respectively. Weekly PerformanceBitcoin (BTC) and Ethereum (ETH) fell -4.3% and -2.3%, respectively, in the past seven days. Other selected top-cap tokens also decreased in price. Selected key categories also fell 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 19, 05/05/2023 - 12/05/2023)
Friday, May 12, 2023
Elon Musk tweets meme from 'Milady' NFT collection. The market cap of BRC-20 Bitcoin tokens surpassed US$1 billion. The government of Turkey launches a virtual office in the metaverse.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 19,04/05/2023 - 10/05/2023)
Friday, May 12, 2023
Bitcoin transaction fees surpass block subsidy for miners. MakerDAO launches Spark Protocol, a DeFi lending solution for $DAI users. SushiSwap rolls out v3 liquidity pools across 13 networks.
Market Pulse by the Crypto.com Research & Insights Team (Week 19, 03/05/2023 – 08/05/2023)
Monday, May 8, 2023
Crypto.com launches artificial intelligence chatbot, Amy. US Federal Reserve raises rates by 25 bps. Kingdom of Bhutan is running $BTC mining operations.
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.
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