Weekly Market Update (Week 14, 04/04/2022 – 10/04/2022)

UFC lets fans vote which athletes get BTC bonuses. More BTC ETFs are coming. Worldpay from FIS starts USDC payouts in pilot with Crypto.com

Key Takeaways

• Bitcoin (BTC) futures ETF – Teucrium receives approval; ProShares files for a short Bitcoin futures ETF; Direxion following suit one day later.
• WorldPay from FIS to offer stablecoin settlements to merchants. Initial pilot programme to be tested with the USDC stablecoin. The stablecoin is a reserved backed digital currency with more than US$ 51B in circulation as of April 2022.
• Crypto.com’s latest partnership with UFC allows fans to vote for their top fighters; BTC bonuses paid to top fan-voted UFC Fighters. 
• The general price, volume, and volatility indices were all down at -7.52%, -17.19%, and -20.80% respectively.

Highlights

• CME adds reference rates for Solana, Cardano, Polygon, and other altcoins
• First South Korean bank issues crypto accounts for corporations
• Bolt to enable Bitcoin and NFT access via Wyre acquisition
• Singaporean fintech adds Bitcoin payments for merchants with BitPay partnership
• Yellen: No evidence Russia is bypassing sanctions with crypto
• American Bank to enable customers buy Bitcoin and Ethereum via new crypto offering
• Terraform Labs, LongHash Ventures roll out Terra accelerator program
• South African authorities are actively exploring blockchain-based payments
• South Korea’s Kakao to buy into Japanese crypto exchange
• Coin Metrics raises $35M for crypto data provision
• Deltec, Chainalysis, Robinhood and others join Crypto Market Integrity Group
• Shopify facing another lawsuit from crypto holders over Ledger data breach

Check the latest prices on Crypto.com/Price.

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