Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 51, 14/12/2023 - 20/12/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 51, 14/12/2023 - 20/12/2023)Cronos Labs launches the Cronos zkEVM testnet. Ethereum approves ERC-3643, its first compliant tokenisation standard. Circle launches its Euro stablecoin, EURC; AllUnity to launch a Euro stablecoin.
Weekly DeFi IndexThis week's market cap, volume, and volatility indices were negative at -2.29%, -21.31%, and -23.97%, respectively. Chart of the WeekCronos Labs launched the Cronos zkEVM testnet, a zero-knowledge (ZK) rollup blockchain on top of the Ethereum Sepolia testnet, meaning it is secured by Ethereum both from a final settlement and a data availability standpoint. The project is a hyperchain using ZK Stack, a modular open-source framework optimised for building custom Layer-2 (L2) and Layer-3 (L3) hyperchains. It is launched in partnership between Cronos Labs, Matter Labs, and engineering teams from Crypto.com, VVS Finance, Fulcrom Finance, and Veno Finance. The target date for the Cronos zkEVM mainnet launch is set in Q2 2024. The Cronos zkEVM testnet is a significant milestone in Cronos's multi-year scalability journey, where the Cronos ecosystem is now multi-chain across several networks to support a broad range of user needs and use cases:
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Market Pulse by the Crypto.com Research & Insights Team (Week 51, 12/12/2023 - 18/12/2023)
Monday, December 18, 2023
Crypto.com partners with top Singapore charities for Web3 payments. Cronos Labs launches zkEVM testnet. US Fed holds interest rates steady.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 50, 07/12/2023 - 13/12/2023)
Friday, December 15, 2023
Bitcoin Core V26.0 goes live, V27 could terminate Bitcoin Ordinals. Ethereum aims to activate Dencun in January 2024. Polygon CDK to integrate Celestia's data availability solution.
Weekly NFT & GameFi Update (Week 50, 09/12/2023 - 15/12/2023)
Friday, December 15, 2023
Crypto.com's 'Dark Lions' NFT collection launched. Pudgy Penguins plans to launch a game called 'Pudgy World Alpha'. Sotheby's initiates its first-ever auction for Bitcoin
Market Pulse by the Crypto.com Research & Insights Team (Week 50, 05/12/2023 - 11/12/2023)
Monday, December 11, 2023
Crypto.com is authorised as an Electronic Money Institution in the UK. CME BTC futures open interest reaches new highs. Societe Generale issues its first digital green bond on Ethereum.
Weekly NFT & GameFi Update (Week 49, 02/12/2023 - 08/12/2023)
Friday, December 8, 2023
NFT market sees a significant surge. Decentraland introduces a cross-chain upgrade to its marketplace. Funko to release digital collectibles featuring Disney's Mickey and Friends characters.
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