Crypto Market Pulse (31/07/2023)

Crypto.com partners with LINE Xenesis. Crypto.com secures registration approval in the Netherlands. Worldcoin makes headlines.

Jul 31, 2023
Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices were down -1.12%. Volume fell by -14.48% while volatility increased by +102.68%.

Crypto.com Weekly Market Index 31 Jul

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.

Check out Crypto.com University’s article on What Is WorldCoin? The New Digital Identity Token.  

Crypto.com Worldcoin Token Performance

Weekly Performance

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.

Crypto.com Selected Top-Cap Tokens Price Change

Layer-2 led market cap change among selected key categories.

Crypto.com Selected Categories Market Cap Change

News Highlights


Recent Research Reports

  • 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.

Recent University Articles


Catalyst Calendar

Crypto.com Blockchain Launch and Upgrades 31 Jul
Crypto.com Macroeconomic Events 31 Jul

Author

Research and Insights Team

Disclaimer:

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Ethereum / Dogecoin / Dapp / Tokens