Bitcoin (BTC) and Ethereum (ETH) prices both increased by +4.6% in the past seven days. Price action for other selected top-cap tokens was also positive.
Selected key categories were all up in terms of market cap in the past seven days.
News Highlights
Crypto.com announced it has teamed up with PayPal and Paxos to establish Crypto.com as a preferred PayPal USD (PYUSD) exchange. Crypto.com has already listed PYUSD on its platform for both retail and institutional users, providing deep liquidity for PYUSD trading pairs globally.
Ethereum developers successfully launched a new test network called Holesky after an initial failed attempt. Holesky is now Ethereum’s largest testnet by validator count, with 1.4 million validators. It aims to enhance testing capabilities for the blockchain’s ecosystem.
UBS Asset Management launched the controlled pilot of a tokenised money market fund through the company’s in-house tokenisation service called UBS Tokenise. Using a smart contract on Ethereum, the firm carried out various activities, including redemptions and fund subscriptions.
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland announced the successful completion of a new CBDC initiative called Project Mariana. This project tested cross-border trading and settlement of wholesale central bank digital currencies between financial institutions.
Microstrategy, the world’s largest corporate holder of Bitcoin, buys another US$147 million of the cryptocurrency. This brings their total Bitcoin holdings to about 158,245 BTC, with an average purchase price of $29,582 per Bitcoin.
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.
Recruitment Scams – How to Know if a Job Offer Is Fake: Received a job offer out of the blue that sounds too good to be true? It might be a recruitment scam. In this article, learn all about fake job offers in the crypto space and how to recognise them.
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