Crypto.com releases audited Proof of Reserves. Ethereum’s developers prioritising staked ETH withdrawals. Starbucks testing customer loyalty programme with NFT collecting.
Weekly Market Index
Last week’s crypto market prices were flat at +0.51%, while volume and volatility dropped by -20.09% and -48.99%, respectively.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were down -0.9% and -1.8% in the past seven days, respectively. Other selected top-cap crypto tokens also mostly fell.
News Highlights
- Crypto.com released its audited Proof of Reserves, enabling users to verify that their crypto assets are fully backed (1:1) on the platform.
- Ethereum’s developers are prioritising staked ETH withdrawals for the network’s next major upgrade, Shanghai, delaying the implementation of The Surge, the network’s sequel to The Merge.
- Goldman Sachs is reportedly looking to buy crypto firms amid current lower valuations.
- Starbucks launched a beta test of its Odyssey program, which combines customer loyalty rewards with non-fungible token (NFT) collecting and other gamified elements.
Recent Research Reports
- Research Roundup Newsletter (November 2022): In our latest Research Roundup, we feature trending market insights and our research reports on SocialFi and the decentralised social network landscape.
- Decentralised Social Networks: An Overview: Decentralised social networks aim to enable participants to take back ownership of and better monetise their content and data. We explore the project landscape.
- Social Graph and Digital Identity in Web3: Relationships and identities are key elements that make up social networks. In this report, we put a spotlight on the roles that decentralised social graphs and digital identity play in Web3 social.
- Alpha Navigator (November 2022): Risk assets were up in November, with the exception of crypto. Could potentially slower rate hikes provide some Christmas cheer?
Catalyst Calendar
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Research and Insights Team
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