📈 Bitcoin’s September price performance this year was the best since 2013; PayPal completed its first business pa…
📈 Bitcoin’s September price performance this year was the best since 2013; PayPal completed its first business payment with PYUSDBitcoin’s September price performance this year was the best since 2013; PayPal completed its first business payment with PYUSD; Bitwise filed for the first spot XRP ETF with the US SEC.Quick Take
Weekly Market IndexThe price index decreased by -5.86% last week. Volume and volatility indices increased by +11.64%, and +62.04%, respectively. The volatility increase was led by APT (+175.11%) and SOL (+113.67%). This coincided with Aptos Labs’s acquisition of Japanese NFT service provider HashPalette to expand into Asia. Chart of the WeekBitcoin’s price increased by 7% in September 2024, the highest recorded monthly returns in September since 2013, according to data from Coinglass. It recorded negative monthly returns in eight Septembers from 2013 to 2024, making it historically a ‘bad’ month for BTC. Looking forward, October is known as ‘Uptober’ (a portmanteau of ‘up’ and ‘October’), as it’s historically associated with BTC’s strong performance in October. BTC recorded nine years of positive returns in October from 2013 to 2023, with an average return of 22.9%. Weekly PerformanceBTC and ETH decreased by -4.7% and -8.5%, respectively, in the past seven days. Prices for all other selected top market capitalisation tokens decreased. LDO (-19.8%) and XRP (-18.8%) led the drop. Key categories were all down in market capitalisation in the past seven days. The gaming category led the decrease. Notable Token UpdatesNews HighlightsInvestment Vehicles
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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 - 🖼️ Indonesia’s postal service launches NFT stamps; Lamborghini brings cars to We…
Friday, October 4, 2024
NFT market experiences its sixth consecutive month of decline. Indonesia's postal service launches NFT stamps. Lamborghini brings cars to Web3 games. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💱 EigenLayer’s EIGEN token debuts trading; Ethena proposes native DEX and new stablecoin USTB
Wednesday, October 2, 2024
Pump.fun's revenue plummets. Societe Generale's subsidiary is launching a Euro stablecoin on Solana. Solana Labs and Google Cloud collaborate on a web3 gaming API. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
💫 Crypto.com introduced the initial version of the AI Agent SDK; Ethena Labs is developing a USTB stablecoin back…
Monday, September 30, 2024
Crypto.com introduced the initial version of its AI Agent SDK; Ethena Labs is developing a USTB stablecoin backed by BlackRock's BUIDL; Visa is set to help banks issue fiat-backed tokens on
DeFi & L1L2 Weekly - 📉 Pump.fun’s revenue plummets; Societe Generale’s subsidiary is launching Euro stablecoin on…
Wednesday, September 25, 2024
Pump.fun's revenue plummets. Societe Generale's subsidiary is launching a Euro stablecoin on Solana. Solana Labs and Google Cloud collaborate on a web3 gaming API. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🇧🇭 Crypto.com received its payment service provider license in Bahrain; the ETH/BTC ratio is at its lowest since…
Monday, September 23, 2024
Crypto.com received its payment service provider license in Bahrain; the ETH/BTC ratio is at its lowest since April 2021; Circle expanded USDC to Brazil and Mexico via local payment systems. ͏ ͏ ͏ ͏ ͏
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