Market Update (Week 47, 22/11/2021 – 28/11/2021)

El Salvador adds 100 $BTC to existing reserve during Omicron price drop. StarkNet Alpha Layer 2 rollup launched on Ethereum Mainnet.

Nov 29, 2021

Key Takeaways


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Notable events

According to a statement from crypto exchange eToro, both Cardano (ADA) and Tron (TRX) will be removed over regulatory concerns. ADA founder and IOHK CEO Charles Hoskinson took to Twitter to make it clear that Cardano wasn’t fully delisted from eToro, it is only not available to customers in the United States. (ref)

Parity Technologies co-founder and CEO Jutta Steiner has left the company. Parity is the technology firm behind the Polkadot (DOT) blockchain network. A Parity representative also confirmed that Gavin Wood will assume the role of CEO following Steiner’s departure. (ref)

Mike Shinoda, the founding member of Linkin Park, announced that he will publish a new music project as a generative NFT series called Ziggurats. The collection of 5,000 mini mixtapes will be launched on Tezos (XTZ) on December 3rd. (ref)

Notable events

IntoTheBlock analytics showcase that the largest concentration of Curve (CRV) was acquired in between $17.5 and $30.7. A total volume of 762.11 million was accumulated in nearly 112 addresses. (ref)

Chainlink (LINK) is joining the Gitcoin Grants round 12 to support the development of infrastructure for the Ethereum network. (ref)

Notable events

Adidas, which recently ventured into the metaverse with the launch of POAP, or proof of attendance protocol, on its Adidas Confirmed app, tweeted Tuesday about developing a so-called ‘adiVerse’ in partnership with The Sandbox (SAND). (ref)

Polemos, a play-to-earn gaming guild focused on the open-world NFT-based battler game Illuvium (ILV), has raised US$2 million in a strategic funding round involving notable global investors. (ref)
Metaverse Group, a subsidiary, has bought a patch of virtual real estate in the Decentraland (MANA) metaverse for 618,000 MANA – equivalent to around $3.2 million at the time of writing. (ref)

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