Last week’s crypto market prices fell slightly by -5.43%, while volume and volatility rose by +14.90% and +210.58%, respectively.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were down -2.0% and -6.2% in the past seven days, respectively. Other selected top-cap crypto tokens also fell.
News Highlights
Crypto.com has secured a Payment Institution License (EMI) in Brazil from the Central Bank of Brazil. This license will allow Crypto.com to continue offering regulated fiat wallet services for customers in Brazil.
The Bank for International Settlements (BIS) endorsed a global standard for banks’ exposure to crypto assets. The standard sets a limit of 2% on crypto reserves among banks.
Grayscale Bitcoin Trust (GBTC) shares hit a record-high discount rate relative to the price of bitcoin, pushing past 50% for the first time after the U.S. Securities and Exchange Commission reiterated its reasons for denying an application to convert the world’s largest bitcoin fund into an exchange-traded fund.
Decentralised Social Networks: An Overview: Decentralised social networks aim to enable participants to take back ownership of and better monetise their content and data. We explore the project landscape.
Social Graph and Digital Identity in Web3: Relationships and identities are key elements that make up social networks. In this report, we put a spotlight on the roles that decentralised social graphs and digital identity play in Web3 social.
Research Roundup Newsletter (November 2022): In our latest Research Roundup, we feature trending market insights and our research reports on SocialFi and the decentralised social network landscape.
Catalyst Calendar
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Research and Insights Team
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Crypto.com secures the Payment Institution License in Brazil. Apple to allow third-party app stores in the EU. Bank for International Settlements sets a 2% limit for banks’ crypto reserves.