Last week’s crypto market prices were down -1.12%. Volume fell by -14.48% while volatility increased by +102.68%.
Chart of the Week
Worldcoin (WLD), a new token that launched last week along with its mainnet, is making the crypto news headlines. It is a project founded by OpenAI co-founder Sam Altman and proposes a novel solution to differentiate humans from Artificial Intelligence (AI) in the digital landscape. However, Worldcoin has faced criticism, particularly for its use of biometric data (eye scans) for identity verification.
Bitcoin (BTC) and Ethereum (ETH) prices were down slightly at -1.4% and -0.3%, respectively,in the past seven days. Price action for other selected top-cap tokens was mixed.
Layer-2 led market cap change among selected key categories.
Palau, a country comprising some 340 islands in the Pacific Ocean, is running a trial of a stablecoin linked to the US dollar. The stablecoin will run on the Ripple (XRP) ledger.
The US Federal Reserveraised interest rates by a quarter percentage point to a target range of 5.25%-5.50%, in line with market expectations. The midpoint of that target range would be the highest level for the benchmark rate since early 2001.
Research Roundup Newsletter [June 2023]: We present to you our latest issue of Research Roundup, featuring trending market insights in June, charts of the month, and our latest research exploring ZK rollups and Layer-0 protocols.
The Development of ZK Rollups: Zero-knowledge rollups (ZK rollups) are still in their nascent stage. However, as the technology evolves, various methods to achieve compatibility with the Ethereum Virtual Machine (EVM) have emerged.
Layer-0: Infrastructure for Customised Blockchains: Layer-0 protocols are the infrastructure that customised Layer-1 blockchains can be built on. We explore notable projects like Cosmos, Polkadot, Avalanche, LayerZero, and zkLink.
Alpha Navigator: Quest for Alpha [June 2023]: Asset classes finished the first half of 2023 strongly, with crypto in the lead. Decelerating US inflation readings could ease market concerns for the time being, while BTC options implied volatilities remain muted.
Top Crypto Utility Tokens to Know in 2023: In this guide, we explore the top crypto utility tokens in 2023, delving into their unique use cases and potential growth in the market.
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