Market Pulse by the Crypto.com Research & Insights Team (Week 30, 18/07/2023 - 24/07/2023)
Market Pulse by the Crypto.com Research & Insights Team (Week 30, 18/07/2023 - 24/07/2023)Reddit tokens MOON and BRICK surge on terms of service change. Bäumer Vendôme launches jewellery NFT collection on Crypto.com NFT.Weekly Market IndexLast week’s crypto market prices were down -7.57%. Volume and volatility also fell by -25.92% and -72.08%, respectively. Chart of the WeekMoons (MOON), the native token of Reddit's r/CryptoCurrency community of over 6.5 million users surged last week. The Bricks (BRICK) token, which is distributed as a reward for contributions in the r/Fortnite subreddit, also rallied. Markets speculated that the recent change in Reddit's Terms of Service, which now explicitly allows for trading of Reddit's tokenised Community Points, was likely the catalyst for the price increases. Check out Crypto.com University’s article on What Are Reddit’s MOON and BRICK Tokens? Weekly PerformanceBitcoin (BTC) and Ethereum (ETH) were down slightly at -0.9% and -2.1%, respectively, in the past seven days. Price action for other selected top-cap tokens was mixed. Market cap changes for key categories were mixed in the past seven days. 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 29, 15/07/2023 - 21/07/2023)
Friday, July 21, 2023
Cronos announces a new partnership with Ubisoft. OpenSea launches peer-to-peer NFT swap function, 'Deals'. Gucci partners with auction house Christie's for an NFT sale.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 29, 13/07/2023 - 19/07/2023)
Wednesday, July 19, 2023
Uniswap launches the UniswapX protocol. Aave launches decentralised stablecoin GHO on Ethereum, with US$2M minted to date. zkSync Era unveils its latest prover tech upgrade Boojum.
Market Pulse by the Crypto.com Research & Insights Team (Week 29, 11/07/2023 - 17/07/2023)
Monday, July 17, 2023
District Court Judge rules $XRP is not a security in some situations. BlackRock's spot $BTC ETF application advances toward SEC review. Indonesia set to launch national crypto exchange.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 28, 06/07/2023 - 12/07/2023)
Sunday, July 16, 2023
On-chain Staking is now available in the Crypto.com App. Aave DAO community to vote on GHO stablecoin deployment on Ethereum. Shiba Inu Layer-2 Shibarium is expected to go live in August.
Weekly NFT & GameFi Update (Week 28, 08/07/2023 - 14/07/2023)
Sunday, July 16, 2023
Google Play allows NFTs in apps and games in its store. Starbucks's Odyssey announces collaboration with NFT collection Aku. 7-Eleven launches free 'Slurpee' NFTs on the Polygon network.
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