Market Pulse by the Crypto.com Research & Insights Team (Week 21, 16/05/2023 – 22/05/2023)
Market Pulse by the Crypto.com Research & Insights Team (Week 21, 16/05/2023 – 22/05/2023)Trading volume of meme coins surges. Visa experiments with smart contracts on Ethereum Goerli testnet. Tether plans to use profits to buy BTC for stablecoin reserves.
Chart of the WeekMeme coins have been one of the dominating narratives in the last two months, reflected in the surge in trading volume - up 779% compared to in January. Weekly Market IndexLast week’s crypto market prices were flat at -0.95%. Volume and volatility dropped by -25.68% and -57.16%, respectively. Weekly PerformanceBitcoin (BTC) and Ethereum (ETH) were both flat at -0.6% and +0.4%, respectively, in the past seven days. Other selected top-cap tokens mostly showed slight decreases. Artificial Intelligence was the best performing category in the past seven days. News Highlights
Recent Research Reports
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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 20, 13/05/2023 - 19/05/2023)
Friday, May 19, 2023
Pepe-themed 'Bitcoin Frogs' NFTs gain popularity amid Ordinals hype. Epic Games and LEGO Group collaborate to build metaverse. Ubisoft is creating an NFT collection for Assassin's Creed.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 20,11/05/2023 - 17/05/2023)
Wednesday, May 17, 2023
ETH's Beacon chain experienced two finality issues within 24 hours. Circle rebalanced its Treasury holdings, citing US debt default risk. Optimism's latest major upgrade, Bedrock, is set for 6
Market Pulse by the Crypto.com Research & Insights Team (Week 20, 09/05/2023 – 15/05/2023)
Monday, May 15, 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.
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.
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