📈 Spot trading volume across crypto exchanges increased in August, with the Crypto.com Exchange ranking as the to…
📈 Spot trading volume across crypto exchanges increased in August, with the Crypto.com Exchange ranking as the top crypto exchange with USD supportSpot trading volume across crypto exchanges increased in August, with the Crypto.com Exchange ranking as the top USD-supported crypto exchange. Qatar released a regulatory framework for digital assetsQuick Take
Weekly Market IndexPrice and volatility indices decreased by -7.82% and -32.60%, respectively. The volume index increased by +0.69% last week. This coincided with a broader decrease in the equities market with concerns of a US labour market and economy slowdown. Chart of the WeekMonthly spot trading volumes across cryptocurrency exchanges increased to $1.2 trillion in August, 7% higher than July 2024 and 179% higher than August 2023, according to the Block. The Crypto.com Exchange was the leading crypto exchange with USD support by spot trading volume in August, claiming the title for the second consecutive month. Weekly PerformanceBTC and ETH decreased by -7.0% and -9.4%, respectively, in the past seven days. Price action for most other selected top market capitalisation tokens was also down. AVAX (+1.6%) and OP (+1.0%) increased while ATOM (-16.7%) led the drop. Key categories were all down in market capitalisation in the past seven days. The Layer-1 (L1) category led the drop. Notable Token UpdatesNews HighlightsETFs and Funds
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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 - 🐱 CryptoKitties resurges as its ‘Egg’ NFTs soar by over 40x; BAYC announces a pa…
Friday, September 6, 2024
CryptoKitties resurges as its 'Egg' NFTs soar by over 40x. BAYC announces partnership with BMW and releases a mini-game. Mysten Labs launches gaming device SuiPlay0X1, integrating the Sui
DeFi & L1L2 Weekly - 📈 Ethereum’s inflation rate at 0.69% per year; Polygon is set to migrate from its MATIC toke…
Wednesday, September 4, 2024
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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
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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. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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