Weekly Market Index
Last week’s crypto market prices rose slightly by +1.97%. Volume and volatility decreased by -3.56% and -53.70%, respectively.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were up +3.9% and +0.3% in the past seven days, respectively. Avalanche (AVAX) and Polygon (MATIC) were the top performers among selected top-cap tokens. Polygon’s zkEVM launch is drawing near, tweeted by Sandeep Nailwal, co-founder of Polygon, while Avalanche recently collaborated with Amazon Web Services to support developers to launch and manage nodes on the Avalanche blockchain.
News Highlights
- Crypto.com announced it has been certified with ISO 27017 for security in the cloud and ISO 27018 for privacy protection in the cloud as audited by SGS, an internationally-recognized certification authority. These two certifications are both firsts for a digital asset platform.
- The first set of testing has commenced for Ethereum’s much anticipated Shanghai upgrade. Developers said they successfully created a copy of the blockchain – known as a “shadow fork” – to provide a testing environment.
- The Bitcoin mining network hit new records for mining difficulty and hash rate despite market headwinds. Taken together, both hash rate and mining difficulty are typically seen as indicative of a strong and growing network. Additionally, America’s first nuclear-powered Bitcoin mining center is scheduled to open in Pennsylvania in Q1 2023.
- Moody’s, a credit ratings agency, is reportedly working on a system to score up to 20 stablecoins based on the quality of their reserves attestations.
- The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance.
Recent Research Reports
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| Crypto Market Sizing Report: Global crypto owners reached 425 million by the end of 2022. Bitcoin and Ethereum owners grew by 20% and 263%, respectively. | 2022 Year Review & 2023 Year Ahead: 2022 has been a ride for the crypto industry. In this report, we curate the top ten crypto events and trends of 2022, followed by our outlook for 2023. | Alpha Navigator (December 2022): The new year sees crypto outperforming equities and gold. BTC options implied volatilities are subdued while perpetual futures funding rates are positive. |
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| Crypto Market Sizing Report: Global crypto owners reached 425 million by the end of 2022. Bitcoin and Ethereum owners grew by 20% and 263%, respectively. | |
| 2022 Year Review & 2023 Year Ahead: 2022 has been a ride for the crypto industry. In this report, we curate the top ten crypto events and trends of 2022, followed by our outlook for 2023. | |
| Alpha Navigator (December 2022): The new year sees crypto outperforming equities and gold. BTC options implied volatilities are subdued while perpetual futures funding rates are positive. |
Catalyst Calendar
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Research and Insights Team
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