Crypto.com Weekly Market Update (Week 48, 29/11/2021 - 5/12/2021)
Crypto.com Weekly Market Update (Week 48, 29/11/2021 - 5/12/2021)Price index drops, volatility & volume on the rise. $BTC loses $10,000 in overnight rout, joined by $ETH diving as low as $3,500 on Saturday.Key Takeaways
Highlights
Check the latest prices on crypto.com/price. Notable eventsA new study by researchers from the University of Sydney and Macquarie University has found that Ethereum (ETH) possesses good anti-inflationary characteristics, with up to half of the network’s blocks destroying more Ethereum than is created. (ref) Mike Shinoda has released his ‘generative mixtape’ ZIGGURATS. NFTs associated with the project sold out almost instantly after release. The music/NFT artwork collection was released December 2 on the Tezos (XTZ) blockchain and dropped on streaming services on December 3. (ref) FLOKI has integrated Chainlink (LINK) price feeds on the ETH & BSC blockchains. Part of FLOKI’s strategic plan for ensuring utility and wide appeal involves providing DeFi access to FLOKI users. (ref) Notable eventsAlmost 100% of the votes on a proposal to deploy Uniswap (UNI) on Polygon were in favor of the integration. Now that the temperature check poll has delivered a favorable outcome, the proposal will be moving to the next stage, ‘Consensus Check’. It requires 50,000 affirmative votes to be passed to the final stage of governance. (ref) Security token platform Securitize is looking to join Fireblocks in offering ID tools for Aave (AAVE) Arc. The firm, regulated by the SEC and a holder of U.S. broker-dealer and alternative trading system (ATS) licenses, proposed its know-your-customer (KYC) solution to DeFi lending platform Aave on Friday. (ref) Notable eventsThe MOBOX (MBOX) MOMOverse Phase One is launching on the Binance ecosystem. With this launch they are also giving away 5000 Mystery Boxes valued at over $1,000,000 BUSD. MOMOverse is the first metaverse to integrate with the Binance ecosystem. (ref) Enjin (ENJ) has announced a partnership with more than 70 ecosystem participants to build a decentralised metaverse on Efinity. In a highly competitive first batch of bids in Polkadot’s Parachain Auction, Enjin attempts to rally support from leaders in the development of Web3. (ref) Thank you for reading! We hope you find our Weekly Market Update 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! If you liked this post from Crypto.com Research, why not share it? |
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🚨 Crypto.com Research & FT.com Commercial Department collaborate on NFTs 🚨
Wednesday, December 1, 2021
NFT Hub launched on FT.com offers immersive insights
Crypto.com NFT Weekly Update (Week 47, 24/11/2021-30/11/2021)
Wednesday, December 1, 2021
Adidas buys Sandbox land. NFT community victim of malware campaign on Discord, Animoca repays users 265 ETH stolen in fake NFT drop.
Weekly Update - Layer 1 & Layer 2 News (Week 47, 23/11/2021 - 30/11/2021 )
Tuesday, November 30, 2021
El Salvador adds 100 $BTC to existing reserve during Omicron price drop. StarkNet Alpha Layer 2 rollup launched on Ethereum Mainnet.
Crypto.com Weekly Market Update (Week 47, 22/11/2021 - 28/11/2021)
Monday, November 29, 2021
Price, volume indices down, volatility index up. El Salvador's president buys 100 BTC after Omicron price-drop.
Crypto.com NFT Weekly Update (Week 46, 17/11/2021-23/11/2021)
Wednesday, November 24, 2021
The NFT market is now worth over US $7 billion. Crypto.com's 10000 Loaded Lion NFTs sold out before listing ended.
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