Last week’s crypto market prices were up slightly at +1.31%. Volume dropped by -7.45% while volatility increased by +47.48%.
Chart of the Week
In our latest feature reportReal-World Assets: Bringing Real-World Value to DeFi, we explore the Real World Assets (RWA) landscape. RWA tokens are essentially representations of assets (such as stocks, bonds, money markets, real estate, and commodities) that are not inherently native to the blockchain. The chart below shows the growth in the number of RWA token holders on the Ethereum blockchain.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) prices were flat +0.5% and +0.1%, respectively,in the past seven days. Price action for other selected top-cap tokens was mixed, with ApeCoin (APE) posting a double-digit percentage gain.
Selected key categories were mostly up on market cap change in the past seven days, with Artificial Intelligence the best performer.
News Highlights
Xsolla, a global video game commerce company, and Crypto.com have announced a partnership for the integration of Crypto.com’s checkout solution into Xsolla’s Pay Station platform.
PayPallaunched a new Ethereum-based stablecoin called PayPal USD (PYUSD). The US. dollar-pegged stablecoin will be issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents.
Visa has been working on an experimental solution that allows for the payment of on-chain gas fees with a Visa card. The proposed solution leverages Ethereum’s ERC-4337 account abstraction standard and a feature known as the “paymaster” smart contract, which facilitates off-chain gas fee payments.
The Central Bank of Brazil has unveiled its upcoming digital currency, ‘DREX.’ It will be a digital representation of the Brazilian real, with the capacity to interact with other digital assets, and is projected to launch in 2024.
Real-World Assets: Bridging Real-World Value to DeFi: Real World Assets is a promising application for blockchain technology that is gaining traction. We explore notable projects like Centrifuge, Ondo, Tangible, and Toucan.
Alpha Navigator: Quest for Alpha [July 2023]: Risk assets continued their positive price action in July, although BTC dipped slightly. Macro calendar is quiet up until mid-August when we have the US CPI and release of FOMC minutes.
The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.
The brands and the logos appearing in this report are registered trademarks of their respective owners.
Crypto.com and Xsolla partner to integrate payment solutions. PayPal launches Ethereum-based stablecoin PYUSD. Brazil to launch CBDC dubbed “DREX” in 2024.
Obtenha o seu guia passo a passo para configuraruma conta com Crypto.com
Ao clicar no botão Enviar, o utilizador reconhece ter lido o Aviso de Privacidade da Crypto.com onde explicamos como utilizamos e protegemos os seus dados pessoais.
