Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 3, 11/01/2024 - 17/01/2024)USDC issuer Circle confidentially files for IPO in US. Polygon launches Amoy testnet, zkEVM enters its next stage of development. Cosmos Hub voting on a proposal to set ATOM’s inflation rate to 0%.
Weekly DeFi IndexThis week's market cap, volume, and volatility indices were positive at +10.47%, +2.16%, and +29.53%, respectively. Chart of the WeekCircle, the issuer of the USDC stablecoin, has confidentially filed for an initial public offering (IPO) in the United States, signalling its intent to become a publicly traded company. This is Circle’s second attempt since December 2022, as it previously took steps to go public through a US$9 billion SPAC deal. It did not disclose the number of shares it plans to sell or the proposed price range for the new IPO filing. USDC is the second-largest stablecoin, with a market cap of about $25 billion. News Highlights
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Market Pulse by the Crypto.com Research & Insights Team (Week 3, 09/01/2024 - 15/01/2024)
Monday, January 15, 2024
US Spot Bitcoin ETFs begin trading; $7.69B volume in first two days. US inflation at 3.4% YoY in Dec 2023, above estimates. Circle, issuer of USDC, files for IPO.
Weekly NFT & GameFi Update (Week 2, 06/01/2024 - 12/01/2024)
Friday, January 12, 2024
Azuki will produce an anime anthology series. Opensea launches an email-based wallet setup. Visa launches a Web3 Loyalty Engagement Solution.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 2, 04/01/2024 - 10/01/2024)
Friday, January 12, 2024
TVL of Ethereum L2 networks reach a record-high of nearly $21B in Jan 2024. Ethereum developers confirm #Dencun upgrade testnet dates. Paxos exploring $PYUSD deployment on AaveAave to boost liquidity.
Market Pulse by the Crypto.com Research & Insights Team (Week 2, 03/01/2024 - 08/01/2024)
Monday, January 8, 2024
Digital assets ETPs' 2023 inflows of $2.2B more than double 2022. Last-minute application updates for spot BTC ETFs. Reporting of crypto transactions over $10K to the IRS effective Jan 1 2024.
Market Pulse by the Crypto.com Research & Insights Team (Week 1, 27/12/2023 - 02/01/2024)
Wednesday, January 3, 2024
Blackrock and other asset managers file updated Spot $BTC ETF applications. Vitalik Buterin shares #Ethereum roadmap for 2024. Bitcoin mining hash rate reaches new record high.
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