Ethereum Shanghai update to run on Goerli testnet, mainnet update scheduled for April. Spotify debuts token-gated playlists for NFT holders. Reserve Bank of Australia announces pilot phase for eAUD.
Weekly Market Index
Last week’s crypto market prices were down -3.26%. Volume and volatility also decreased by -21.24% and -7.15%, respectively.
Weekly Performance
Bitcoin (BTC) and Ethereum (ETH) were down -4.6% and -4.5% in the past seven days, respectively. Other selected top-cap tokens also mostly fell.
News Highlights
- The much-anticipated Shanghai update, which will allow staked ether to be withdrawn from the Ethereum blockchain, is scheduled to run on the Goerli testnet on March 14. The event will be the final test before Ethereum’s upcoming hard fork on the mainnet. Additionally, Ethereum developers have pushed back the Shanghai hard fork and will now likely be deployed in April according to the Ethereum developer meeting.
- Music streaming platform Spotify has debuted token-gated playlists that allow holders of selected NFTs to connect their wallets and listen to curated music from their communities.
- Israel’s public stock exchange, the Tel Aviv Stock Exchange (TASE), is proposing amendments that would permit certain clients to trade crypto assets.
- The Reserve Bank of Australia (RBA) announces a pilot phase for its digital version of the Australian dollar (eAUD). The RBA also invited firms such as ANZ and Mastercard to help explore use cases for the eAUD.
- Assets under management (AUM) for digital asset investment products grew to its highest level since May 2022. In February, the AUM for digital asset investment products increased by 5.2% from January to $28.3 billion, marking the third consecutive monthly growth.
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