Market Pulse by the Crypto.com Research & Insights Team (Week 27, 27/06/2023 - 3/07/2023)
Market Pulse by the Crypto.com Research & Insights Team (Week 27, 27/06/2023 - 3/07/2023)Crypto.com establishes its very first Global Innovation Lab. Hong Kong government forms task force for Web3 development. Swiss National Bank to launch wholesale CDBC pilot project.
Weekly Market IndexLast week’s crypto market prices were flat at +0.36%. Volume and volatility decreased by -13.66% and -69.29%, respectively. Chart of the WeekNew primitives are emerging in today’s multichain ecosystems. This new class of protocols represents novel approaches to cross-chain interoperability. LayerZero is one such project aiming to build omnichain interoperability that unifies dapps from multiple blockchains. It is a cross-chain messaging layer for smart contracts to natively communicate between blockchains (via endpoints). The LayerZero protocol has been gaining traction in Q2 as shown in the growth of addresses interacting with it. Weekly PerformanceBitcoin (BTC) and Ethereum (ETH) were up slightly at +0.7% and +2.6%, respectively, in the past seven days. Other selected top-cap tokens also mostly rose. Key categories were mixed in the past seven days, with DeFi outperforming. News Highlights
Recent Research Reports
Recent University Articles
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 26, 24/06/2023 - 30/06/2023)
Friday, June 30, 2023
CryptoCom announces Global Innovation Lab for Web3 and AI. Azuki releases 'Elementals' expansion with mixed reactions. Gaming giant Ubisoft unveils its first blockchain game.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 26,22/06/2023 - 28/06/2023)
Wednesday, June 28, 2023
Crypto.com establishes Global Innovation Lab to advance blockchain, Web3, and AI. Circle's CCTP is now live on Arbitrum. zkSync unveils ZK Stack for building ZK-powered 'hyperchains'.
Market Pulse by the Crypto.com Research & Insights Team (Week 26,20/06/2023 - 26/06/2023)
Monday, June 26, 2023
Crypto.com receives VASP registration from Bank of Spain. JPMorgan conducts its first Euro-denominated blockchain transaction. SAP launches testnet for stablecoin cross-border payments.
Weekly NFT & GameFi Update (Week 25, 17/06/2023 - 23/06/2023)
Friday, June 23, 2023
'CryptoPunk' NFT burnt and transferred to Bitcoin as Ordinals inscription. Fortnite and Nike unveil 'Airphoria' collaboration. Germany releases dog-themed NFTs to recruit blockchain
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 25,15/06/2023 - 21/06/2023)
Wednesday, June 21, 2023
Ethereum devs submit proposal to increase validator limit from 32 to 2048 ETH. Uniswap selects Wormhole and Axelar for cross-chain bridging. Polkadot revamps governance system and launches OpenGov.
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