Crypto Market Pulse (13/02/2023)

Ethereum’s Sepolia testnet for staked $ETH withdrawals is set for 28 Feb. China to open a national blockchain research centre. Louis Vuitton partners with artist Yayoi Kusama for 10,000-NFT project.

Weekly Market Index

Last week’s crypto market prices were down at -4.84%. Volume and volatility also dropped by -4.23% and -15.13%, respectively.

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) were down -5.2% and -7.3% in the past seven days, respectively. Other selected top-cap tokens also mostly fell, although Polygon (MATIC) put in a slightly positive performance. Recently, core developers shared statistics related to the stress-testing of Polygon’s zkEVM and the Polygon co-founder also shared the progress the blockchain is making on becoming a ZK-secure ecosystem.

News Highlights

• China plans to launch a national blockchain research centre in Beijing. The centre will create a research network with local universities, think tanks, and blockchain businesses to explore core blockchain technologies.
• Ethereum developers set 28 February as the target date for the Sepolia testnet, the second round of testing for staked ETH withdrawals. This follows the recent Zhejiang testnet.
• Louis Vuitton teamed up with Japanese artist Yayoi Kusama to release a 10,000-NFT project in celebration of its 200th anniversary. While many fashion brands have launched collectables in the past, Louis Vuitton is taking things a step further by allowing fans to trade in their NFTs for physical items.

Recent Research Reports

Research Roundup Newsletter (January 2023): In our latest issue, we feature trending market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3.	Alpha Navigator (January 2023): Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio at a yearly low, implying shift to positive sentiment.	AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3.

Catalyst Calendar

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Research and Insights Team

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