🌐 Crypto.com announced the launch of global retail services through its Dubai regional hub; Tokenised treasuries’…
🌐 Crypto.com announced the launch of global retail services through its Dubai regional hub; Tokenised treasuries’ market capitalisation exceeded $2 billionCrypto.com announced the launch of global retail services through its Dubai regional hub and added PayPal as a payment method; Tokenised treasuries’ market capitalisation exceeded US$2 billion.Quick Take
Weekly Market IndexThe price index decreased by -9.97% last week. Volume and volatility indices increased by +5.45% and +52.59%, respectively. Chart of the WeekTokenised treasuries’ market capitalisation exceeded $2 billion to reach $2.07 billion as of 30 August, according to RWA.xyz. The market hit the $1 billion milestone in March 2024. Tokenised treasuries are digital forms of US government bonds that can be traded as tokens on blockchains. Launched in March 2024, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) was a big contributor to the rise in market capitalisation. BUIDL exceeded Franklin Templeton’s Franklin OnChain U.S. Government Money Fund (FOBXX) as the largest tokenised treasury fund in April 2024. BUIDL had a $503 million market capitalisation on 30 August, with FOBXX coming in second at $428 million. Weekly PerformanceBTC and ETH decreased by -9.5% and -10.7%, respectively, in the past seven days. Price action for all other selected top market capitalisation tokens was down. MATIC (-23.4%) and INJ (-23.2%) led the drop. The market capitalisation of all key categories was down in the past seven days. The Layer-2 category led the drop. Notable Token UpdatesNews HighlightsFunds
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Catalyst CalendarWe’re all ears.Your feedback helps make our reporting more insightful. Tell us how we can improve this newsletter by taking the survey below. It will take less than a minute of your time. Thank you! AuthorResearch and Insights Team Disclaimer: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! Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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NFT & Blockchain Gaming Weekly - 📉 NFT market saw declining sales for the 5th consecutive month; Hamster Kombat a…
Friday, August 30, 2024
NFT market saw declining sales for the 5th consecutive month. Hamster Kombat announced its airdrop plan. OpenSea received a Wells notice from the US SEC. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💰 PYUSD hits US$1 billion market cap; MakerDAO rebrands as Sky and introduces 2 new tokens
Wednesday, August 28, 2024
Cronos zkEVM Alpha mainnet launches with gasless transactions, easy onboarding. Solana DEXes' volume drops for third week. EigenLayer lets ERC-20 tokens become restakable assets. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📈 BlackRock’s ETHA became the first US spot ETH ETF to surpass $1 billion in net inflows; Sony’s joint venture la…
Monday, August 26, 2024
BlackRock's ETHA became the first US spot ETH ETF to surpass US$1 billion in net inflows; Sony's joint venture launched Ethereum Layer-2 Soneium; US SEC rejected two prospective US spot Solana
NFT & Blockchain Gaming Weekly - 📈 CryptoPunks leads the NFT market’s resurgence; Crypto.com and Hamster Kombat l…
Friday, August 23, 2024
Crypto.com and Hamster Kombat launch a new payment card. CryptoPunks leads the NFT market's resurgence. Magic Eden announces its native token, $ME. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 🚀 Cronos zkEVM Alpha Mainnet Launches; Solana DEXes Volume Plummets for the Third Consecutiv…
Wednesday, August 21, 2024
Cronos zkEVM Alpha mainnet launches with gasless transactions, easy onboarding. Solana DEXes' volume drops for third week. EigenLayer lets ERC-20 tokens become restakable assets. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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