BTC mining revenue is at a 2-year low. AAVE proposes governance changes. Blockchain venture capital investments are down in October.
Weekly Market Index
Last week’s crypto market prices were up slightly at +1.99%, while volume and volatility dropped by -14.48% and-2.34%, respectively.
News Highlights
- The total Bitcoin mining revenue fell to a two-year low of US$11.67M due to the declining Bitcoin (BTC) price and heavier computational demand from rising network difficulty.
- Blockchain venture capital investment decreased in October to US$0.84B compared to US$1.64B in September. The number of individual deals dropped from 93 to 69.
- Due to the recent attempt to exploit DeFi protocol Aave (AAVE) via short-selling, project contributors have proposed governance changes. One proposal is for temporarily freezing a list of token markets, including Curve DAO Token (CRV), on Aave v2.
- Singapore bank DBS said it has become the first Asian bank to use JPMorgan’s blockchain-based fixed income trading network Onyx. The Onyx Digital Assets network uses tokens for short-term trading in fixed income markets.
- Crypto wallet downloads reached 100 million in 2022 for both iOS and Android devices comprising over 21 wallet applications that allow storage.
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| Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs. | Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. | Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy? |
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| Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs. | |
Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. | |
| Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy? |
Catalyst Calendar
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