This week’s market cap and volume indices were negative at -4.23% and -14.88%, respectively, while the volatility index was positive at +32.53%.
Chart of the Week
LayerZero Labs, the team behind the cross-chain messaging protocol LayerZero, announced on Tuesday a new collaboration with Google Cloud to enhance the security of its cross-chain environment. Through the agreement, Google Cloud will verify the validity of every message sent across 15 chains on LayerZero’s network, and will be configured as the default oracle as of 19 September. Developers building dapps on top of LayerZero will now be able to use the Google Cloud Oracle to verify transactions. To date, the network has reached nearly 70 million executed messages after more than a year from going live.
DEX platform dYdX is planning to launch a fully decentralised order book exchange as it migrates its ecosystem from the Ethereum network to the interchain network Cosmos. The order book will be decentralised and hosted within the validators.
Decentralised exchange Sushi has expanded its services to Layer-1 blockchain Aptos — the first time Sushi has been accessible on a blockchain that is not compatible with the Ethereum Virtual Machine (EVM).
The Commodity Futures Trading Commission (CFTC) has charged three DeFi operations — namely Opyn, ZeroEx, and Deridex — with offering illegal derivatives trading. The firms face a number of accusations based on their use of blockchain-based protocols and smart contracts to function as trading platforms, and have been ordered by the CFTC to cease activities and pay respective penalties.
Cryptocurrency exchange CoinEx confirmed that it was hacked on 12 September, with approximately US$27 million worth of cryptocurrency drained from the platform. The exchange appointed a special investigative team to determine the cause, and also confirmed that affected users will receive 100% compensation for any loss due to this breach.
Research Roundup Newsletter [August 2023]: We present to you our latest issue of Research Roundup, featuring trending market insights in August, charts of the month, and our latest research on decentralised stablecoins.
Alpha Navigator: Quest for Alpha [August 2023]: Asset classes dipped in August; BTC and ETH underperformed. No surprises from the central bankers summit at Jackson Hole. China intensifies economic stimulus.
Decentralised Stablecoins: Stablecoins are well positioned to facilitate broader adoption of cryptocurrencies. We explore the key decentralised stablecoin projects and their innovative mechanisms.
What Is Cardano (ADA)?: In this article, learn about Cardano’s scalable, sustainable, and interoperable blockchain solution, as well as the features of its native token, ADA.
What Is USD Coin (USDC)?: In this article, we explore Circle’s USDC, a leading stablecoin in the cryptocurrency market, diving into its tokenomics, backing, and utility.
We’re all ears.
Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you!
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.
Circle’s USDC launches on Optimism, Base, and Cosmos. dYdX to launch decentralised order book exchange on Cosmos. Sushi expands to Aptos and marks first non-EVM chain deployment.
Dapatkan panduan langkah demi langkah untuk menyiapkanakun Crypto.com
Dengan mengeklik tombol Kirim, saya menyatakan telah membaca Pemberitahuan Privasi Crypto.com tempat kami menjelaskan cara kami menggunakan dan melindungi data pribadi Anda.
