Crypto.com partners with 50 artists on an NFT collection, supporting relief efforts in Turkey. JP Morgan to launch a new crypto innovation lab in Greece. BlackRock is offering a metaverse-themed exchange-traded fund.
Weekly Market Index
Last week’s crypto market prices were down -6.41%. Volume and volatility also decreased by -11.53% and -54.56%, respectively.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were down -3.3% and -2.7% in the past seven days, respectively. Other selected top-cap tokens also mostly fell.
News Highlights
- Crypto.com announced a partnership with more than 50 artists to create “The Art of Giving II” NFT collection. Proceeds from the primary sales of the NFTs will benefit local relief and humanitarian efforts in Turkey following earthquakes.
- The Solana network’s deep freeze continued over the weekend as validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain. The chain’s block production had ceased, affecting transaction processing and validation.
- BlackRock is offering a metaverse-themed exchange-traded-fund (ETF) that will invest in companies expected to contribute to the metaverse in areas including virtual platforms, social media, gaming, 3D software, digital assets, and virtual and augmented reality.
- DZ Bank, Germany’s second-largest bank in terms of asset size, announced plan to integrate digital currencies into its asset management services.
- JP Morgan to launch a new crypto innovation lab in Greece, which will develop solutions using blockchain tools. The lab will focus primarily on building applications that use Onyx, the blockchain platform launched by the bank.
Read next: EUR/USD Pair Is Trading Around 1.0560, USD/JPY Is Above 136.20, GBP/USD Gained| FXMAG.COM
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| Research Roundup Newsletter (January 2023): In our latest issue, we feature trending market insights and our research on artificial intelligence trends, the rise of AI-generated content, and their applications in blockchain and Web3. | Alpha Navigator (January 2023): Crypto outperforms other asset classes in January by a large margin. BTC options put-call ratio at a yearly low, implying shift to positive sentiment. | AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3. |
Catalyst Calendar
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