Crypto Market Pulse (07/08/2023)

$ETH futures ETF applications rising. Tether unveils $BTC mining software to boost efficiency and capacity.

Aug 07, 2023
Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices were down -2.60%. Volume rose by +9.10% while volatility decreased by -39.16%.

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Chart of the Week

Real World Assets (RWA) is a promising application for blockchain technology that is gaining traction. RWA typically refers to the utilisation of distributed ledger technology like blockchain to track physical and intangible assets, with performance and valuation derived from sources outside the blockchain. Unique address interactions with RWA tokens on the Ethereum blockchain have been rising, as shown in the chart below.

Check out our report on RWA: Real-World Assets: Bringing Real-World Value to DeFi.  


Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) prices dipped at -1.0% and -2.0%, respectively, in the past seven days. Price action for other selected top-cap tokens was mostly down as well, although Shiba Inu (SHIB) posted a double-digit percentage gain.

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Selected key categories were mostly down on market cap change in the past seven days.

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News Highlights


Recent Research Reports


Recent University Articles


Catalyst Calendar

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Author

Research and Insights Team

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Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens