Quick Take

Weekly Market Index

Price 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 Week

Monthly 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 Performance

BTC 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.



News Highlights

ETFs and Funds

Regulations

Adoption

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📈 Spot trading volume across crypto exchanges increased in August, with the Crypto.com Exchange ranking as the top crypto exchange with USD support

Spot 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 assets

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