Market Update (Week 48, 29/11/2021 – 5/12/2021)

Price index drops, volatility & volume on the rise. $BTC loses $10,000 overnight, joined by $ETH diving as low as $3,500.

Dec 06, 2021

Key Takeaways


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Notable events

A new study by researchers from the University of Sydney and Macquarie University has found that Ethereum (ETH) possesses good anti-inflationary characteristics, with up to half of the network’s blocks destroying more Ethereum than is created. (ref)

Mike Shinoda has released his ‘generative mixtape’ ZIGGURATS. NFTs associated with the project sold out almost instantly after release. The music/NFT artwork collection was released December 2 on the Tezos (XTZ) blockchain and dropped on streaming services on December 3. (ref)

FLOKI has integrated Chainlink (LINK) price feeds on the ETH & BSC blockchains. Part of FLOKI’s strategic plan for ensuring utility and wide appeal involves providing DeFi access to FLOKI users. (ref)

Notable events

Almost 100% of the votes on a proposal to deploy Uniswap (UNI) on Polygon were in favor of the integration. Now that the temperature check poll has delivered a favorable outcome, the proposal will be moving to the next stage, ‘Consensus Check’. It requires 50,000 affirmative votes to be passed to the final stage of governance. (ref)

Security token platform Securitize is looking to join Fireblocks in offering ID tools for Aave (AAVE) Arc. The firm, regulated by the SEC and a holder of U.S. broker-dealer and alternative trading system (ATS) licenses, proposed its know-your-customer (KYC) solution to DeFi lending platform Aave on Friday. (ref)

Notable events

The MOBOX (MBOX) MOMOverse Phase One is launching on the Binance ecosystem. With this launch they are also giving away 5000 Mystery Boxes valued at over $1,000,000 BUSD. MOMOverse is the first metaverse to integrate with the Binance ecosystem. (ref)

Enjin (ENJ) has announced a partnership with more than 70 ecosystem participants to build a decentralised metaverse on Efinity. In a highly competitive first batch of bids in Polkadot’s Parachain Auction, Enjin attempts to rally support from leaders in the development of Web3. (ref)

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