Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 34, 17/08/2023 - 23/08/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 34, 17/08/2023 - 23/08/2023)New Ethereum testnet Holesky scheduled to launch in September. Tether stops support for USDC on three blockchains. Shibarium resumes block production after a brief pause after its mainnet launch.Weekly DeFi IndexThis week's market cap index was negative at -16.84%, while volume and volatility indices were positive at +10.48 and +65.70%, respectively. Chart of the WeekLaunched on 10 August, Friend.Tech (Beta) is an invite-only Web3 social app. Users have shares, or ‘Keys’, tied to their X (formerly Twitter) account, which can be bought or sold on the platform. Shareholders can also access a private chat room owned by the account whose shares they bought. Aside from linking their X account, users are also required to provide their email via Google or Apple during registration. Friend.Tech has reached over 100,000 users, and on 21 August, its fees climbed to US$1.68 million. This rapid growth can be attributed to a surge in trading volumes as of 18 August, accumulating over 19,000 ETH (worth approximately $34 million as of writing) in tokens bought. Within this period, the community has raised questions about issues relating to data retention, privacy, and regulation. News Highlights
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Market Pulse by the Crypto.com Research & Insights Team (Week 34, 15/08/2023 - 21/08/2023)
Monday, August 21, 2023
PayPal introduces Cryptocurrencies Hub. Europe gets its first Bitcoin ETF. CME Group is launching Bitcoin reference rates for the Asia Pacific region.
Weekly NFT & GameFi Update (Week 33, 12/08/2023 - 18/08/2023)
Friday, August 18, 2023
CryptoCom releases full tutorial for Loaded Lions: Mane City. BAPE collaborates with adidas Originals to release a new sneaker. NFT collection 'y00ts' announces migration from Polygon to
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 33, 10/08/2023 - 16/08/2023)
Wednesday, August 16, 2023
Curve Finance passes proposal to launch new stableswap pool. Microsoft partners with Aptos Labs to build new blockchain AI tools. Sei mainnet goes live.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 32, 03/08/2023 - 09/08/2023)
Monday, August 14, 2023
PayPal to issue a new stablecoin in the US. Tether unveils new software to improve Bitcoin mining. Cypher Protocol suffered an exploit with close to US$1 million in losses.
Market Pulse by the Crypto.com Research & Insights Team (Week 33, 08/08/2023 - 14/08/2023)
Monday, August 14, 2023
Crypto.com and Xsolla partner to integrate payment solutions. PayPal launches Ethereum-based stablecoin PYUSD. Brazil to launch CBDC dubbed “DREX” in 2024.
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