crypto.com

ETH’s The Merge was completed. ETH is down 13.5% since The Merge; BTC is outperforming. U.S. Aug inflation at +8.3% YoY, higher than expected.

Chart of the Week: The Merge…Crickets Ethereum’s The Merge, one of the most anticipated events in the cryptosphere, was completed on 15 September. From a ETH price performance perspective however, it has been rather underwhelming, as ETH has dropped 13.5% since The Merge. Perhaps the prior substantial price surge since the June lows indeed made it a sell the news event?  Also, macro headwinds are perhaps proving difficult to overcome, with a higher than expected August U.S. CPI print (+8.3% YoY) last week and the upcoming Fed rates decision on 21 September. Read our recent Alpha Navigator report for more analysis.     Fund Flow Tracker The aggregated exchange balance for ETH spiked over the past week and marked the highest level since July 2022.         Derivatives Pulse Implied vol

Crypto.com - Cryptomarket Update - AMC Accepts SHIB And DOGE

crypto.com - Cryptomarket Update - AMC Accepts SHIB And DOGE

Crypto.com Accelerate the... Crypto.com Accelerate the... 14.03.2022 14:04
BTC climbed to $42,500 as Biden signed an exec order on digital assets. eBay plans a digital wallet. Pay for the movies in SHIB and DOGE at AMC. Key Takeaways Bitcoin (BTC) climbed to a high of about USD 42,500 before closing lower at the end of the week. Simultaneously, U.S. President Joe Biden signed the executive order for digital assets. Stripe and eBay laid out plans for digital wallet and payment options for cryptocurrency amidst rising adoption. In the week ahead, we have the FOMC meeting and also an European Union (EU) upcoming vote on the Markets in Crypto Assets (MiCA) regulation. The general price, volume, and volatility indices were mixed at -1.12%, -11.21%, and +27.40%, respectively. Highlights ECB’s Lagarde supports acceleration of Digital Euro work Jamaican central bank to airdrop Jam-Dex CBDC to early adopters Block’s Bitcoin wallet will contain a fingerprint sensor for transactions Shiba Inu and Dogecoin are now accepted by AMC theaters Pantera Capital’s blockchain fund has $1B in commitments Bessemer commits $250M to Web 3, launches DAO This $70 million work of art could be paid for in Bitcoin or Ethereum Princeton launches blockchain research initiative with $20M from crypto-alumni DAO creation platform Upstream raises $12.5M and launches publicly JustCarbon, Likvidi launch blockchain markets for carbon credits Chainalysis launches free sanctions screening tools Check the latest prices on Crypto.com/Price. Market Index Tokens   Metrics Price Volume Volatility Top Gainers XMR (+10.33%)XLM (+4.08%)DOT (+3.75%) XMR (+82.10%)XLM (+21.66%) XMR (+87.16%)XLM (+70.70%)LINK (+48.29%) Top Losers ATOM (-7.16%)LINK (-4.84%)ADA (-3.81%) ATOM (-35.19%)ADA (-31.74%)XTZ (-29.31%) – Benchmark BTC (-0.73%) BTC (-6.99%) BTC (+21.90%)       * Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT DeFi Tokens   Metrics Price Volume Volatility Top Gainers SNX (+9.62%)REN (+5.86%) SNX (+101.12%)YFI (+9.20%)REN (+8.72%) SNX (+176.60%)UNI (+56.72%)AAVE (+52.32%) Top Losers UMA (-13.03%) CRV (-6.29%)MKR (-6.27%) UMA (-73.34%)CRV (-35.20%)NXM (-34.52%) UMA (-83.78%)CRV (-19.06%) Benchmark ETH (-2.66%) ETH (-18.49%) ETH (+18.92%)       * DeFi tokens: LINK, YFI, AAVE, SNX, UNI, COMP, MKR, UMA, REN, LRC, NXM, BAL, CRV Other Tokens   Price Change (%) NFT Gaming Meme Top Gainers OGN (+32.2%)THETA (+0.42%)FET (+0.10%) MBOX (+3.26%) – Top Losers UOS (-9.58%)OMI (-9.48%)CHZ (-7.62%) ALICE (-14.01%)POLIS (-12.95%)ATLAS (-12.19%) HOGE (-12.24%)SHIB (-8.49%)DOGE (-7.67%)       *NFT tokens: THETA, CHZ, ENJ, FLOW, FET, WAX, OGN, UOS, OMI*Gaming tokens: AXS, MANA, SAND, ALICE, YGG, MBOX, ILV, ATLAS, POLIS, DAWN*Meme tokens: DOGE, SHIB, MONA, HOGE, PEPECASH Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES DEFI MARKET Source: Crypto.com
US Inflation Report And Its Impact On The Cryptocurrency Market

Ether (ETH), AVAX, Solana (SOL) And Other Layer 1&2 Projects - Weekly Update

Crypto.com Accelerate the... Crypto.com Accelerate the... 16.03.2022 15:27
ETH investment funds reach record-high inflows in 13 weeks. EU parliament votes against ban on Proof-of-Work consensus. Layer 2 solution developer StarkWareLtd raises $100M at $6B valuation. Key Takeaways Ethereum (ETH) investment funds recorded their largest inflows in 13 weeks against a discouraging investment backdrop. In addition, the Eth 2.0 deposit contract crossed the 10M ETH mark as the community continues to support the network’s transition. The European Parliament voted against a proposed ban on proof-of-work (PoW) mining under the Markets in Crypto-Assets (MiCA) legislation, which would have blocked member states from mining PoW cryptocurrencies like Bitcoin (BTC). Layer 2 solution developer StarkWare raised USD 100M at a $6B valuation. StarkWare provides two layer 2 solutions, StarkEx and StarkNet. Recently, the developer launched StarkNet at the end of February. Cronos (CRO) saw a +8.07% increase in total transactions to 21.55M, while its TVL grew to $2.73B (+14.51% week-on-week). The total number of wallet addresses now stands at 442,534, up +3.94% from last week. Highlights Ethereum ‘Merge’ edging closer with final Kiln testnet launch Ethereum gas fees drop to lowest levels since August 2021 Block’s wallet will have a fingerprint sensor, not a screen Now You can try ‘teleporting’ bitcoin for greater privacy with CoinSwaps How El Salvador is fixing Chivo Wallet, trying to get Bitcoin adoption back on track Polygon network back up with a ‘temporary fix’ after eight-hour stoppage Cosmos’ Inter-Blockchain Communication Protocol (IBC) surpassed 11 million transfers in February Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell         Tags CRYPTO CRYPTO RESEARCH CRYPTO.COM WEEKLY REPORTS CRYPTOCURRENCIES LAYER 1 LAYER 2 MARKET Source: crypto.com
US Inflation Report And Its Impact On The Cryptocurrency Market

Crypto.com - Cryptomarket - Week 14/03-20/03 Analysis

Crypto.com Accelerate the... Crypto.com Accelerate the... 21.03.2022 11:58
U.S. Federal Reserve raises benchmark interest rate; crypto market climbs on news. Bored Ape Yacht Club maker launches new crypto ApeCoin APE. Crypto.com begins its exchange rollout in the U.S. Key Takeaways The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points for the first time since 2018 – read the FOMC statement here. The crypto community reacted to the expected rate hike positively. Bitcoin (BTC) closed the week higher at roughly USD 41,000.  Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC) NFT collection, launched ApeCoin (APE), the governance token for the ApeCoin DAO, through an airdrop to current holders of BAYC and Mutant Ape Yacht Club (MAYC) NFT holders. Yuga Labs teased followers with future development featuring other NFTs.  Crypto.com begins the roll-out of its Exchange in the U.S., starting with institutional investors. The general price, volume, and volatility indices were mixed at +7.62%, +2.08%, and -65.01%, respectively. Highlights Australian Senator proposes landmark Digital Services Act El Salvador’s Bitcoin bond issuance apparently delayed Taiwanese Crypto exchange MaiCoin eyes Nasdaq listing Animoca Brands co-leads $88M series B funding round of Hex Trust ConsenSys’ Lubin confirms MetaMask token in the works Ethereum wallet pursuing plan of ‘Progressive decentralization’ “We’re already buying” Terra founder plans to obtain $10B BTC for reserves New digital Asset Manager files for first ETF Baidu, China’s largest search site, has announced the launch of its NFT platform Noyack Logistics Income (NLI) became the first REIT to accept crypto payments The U.S. state of New Hampshire recently passed a bill: Developers or sellers of open blockchain tokens that meet certain conditions should not be considered issuers of securities. Gitcoin grants have raised $1.2M in Ethereum for Ukraine Check the latest prices on Crypto.com/Price. Market Index Tokens   Metrics Price Volume Volatility Top Gainers EOS (+12.01%)LINK (+11.98%)ETH (+11.37%) ADA (+13.78%)ETH (+11.55%)EOS (+5.76%) – Top Losers – XMR (-30.82%)XLM (-24.56%)ATOM (-20.95%) XMR (-73.54%)EOS (-60.81%)XLM (-58.13%) Benchmark BTC (+6.36%) BTC (+2.33%) BTC (-74.97%)       * Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT DeFi Tokens   Metrics Price Volume Volatility Top Gainers SNX (+31.14%)AAVE (+25.98%)LRC (+20.83%) LRC (+118.77%)AAVE (+90.69%)MKR (+52.79%) AAVE (+52.74%)LRC (+19.04%)COMP (+7.46%) Top Losers REN (-4.58%)UMA (-1.34%) NXM (-55.37%)REN (-39.26%)YFI (-39.21%) UMA (-79.21%)LINK (-39.30%)SNX (-38.66%) Benchmark ETH (+11.37%) ETH (+11.55%) ETH (-35.37%)       * DeFi tokens: LINK, YFI, AAVE, SNX, UNI, COMP, MKR, UMA, REN, LRC, NXM, BAL, CRV Other Tokens   Price Change (%) NFT Gaming Meme Top Gainers OGN (+119.21%)FLOW (+14.42%)ENJ (+10.23%) POLIS (+14.05%)ILV (+13.6%)ALICE (+12.37%) DOGE (+7.63%)SHIB (+5.85%)MONA (+0.98%) Top Losers OMI (-11.69%) – HOGE (-1.67%)       *NFT tokens: THETA, CHZ, ENJ, FLOW, FET, WAX, OGN, UOS, OMI*Gaming tokens: AXS, MANA, SAND, ALICE, YGG, MBOX, ILV, ATLAS, POLIS, DAWN*Meme tokens: DOGE, SHIB, MONA, HOGE, PEPECASH Source: crypto.com
US Inflation Report And Its Impact On The Cryptocurrency Market

UST Can Be Exchanged For BTC. DeFi Update - Week 21/03-28/03

Crypto.com Accelerate the... Crypto.com Accelerate the... 28.03.2022 11:53
Terra’s UST is now exchangeable for BTC thanks to the integration by Thorchain. Minswap becomes top DeFi protocol on Cardano. Cronos Ecosystem Grant Program revealed batch 2 of grantees.   Key Takeaways  Terra (LUNA) stablecoin UST has been integrated by the Thorchain (RUNE) protocol and can now be exchanged for Bitcoin (BTC) natively. Minswap (MIN), a recently-launched DeFi protocol on Cardano (ADA), has surpassed SundaeSwap (SUNDAE) in terms of TVL, making it the top DeFi protocol on Cardano with a TVL dominance of 65.85% at the time of writing. Former Polychain Capital partner Tekin Salimi launched $125 million crypto fund, dao5, to focus on investing in early-stage protocols and blockchain companies. Dao5 is on track to become a fully founder-owned DAO by 2025. The Cronos Ecosystem Grant Program, which focuses on supporting early-stage projects on Cronos, announced its second batch of beneficiaries. This week’s price and volume indices were positive at +11.29% and +20.91%, respectively, while the volatility index was negative at -47.26%. Highlights Euler proposes eIP6: Bringing Chainlink (LINK) at the ensure degree Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration DeFiance Capital rescues $13.3 million at risk of being stolen Solana (SOL) stablecoin project Cashio (CASH) plummets to zero after multi-million dollar hack MakerDAO (MKR) dev insists DeFi protocol should leverage real world assets to scale Litedex (LDX) protocol set to be listed on LBank exchange SushiSwap (SUSHI) community proposes Swiss legal structure to limit DAO liability FTMCRAZY: Introducing the new hybrid ROI DApp project in the crypto world dxFeed implements Airnode API3 to present pricing information for a broad array of Web3 applications Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund Check the latest prices on Crypto.com/Price Top Token Metrics   Metrics Top 20 DeFi tokensmarket cap Top 100 DeFi tokens market cap Current $99.14B $126.25B 7-Day Change +6.82% +8.86% 14-Day Change +15.39% +18.46%       *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens   Metrics Price Volume Volatility Top Gainers LRC (+28.14%)REN (+21.41%)UNI (+16.21%) LRC (+210.80%)NXM (+57.50%)COMP (+36.45%) LRC (+159.95%)UMA (+4.55%) Top Losers SNX (-1.43%) MKR (-22.63%)CRV (-18.28%)SNX (-16.35%) COMP (-69.18%)YFI (-63.79%)NXM (-54.44%) Benchmark ETH (+11.08%) ETH (+11.08%) ETH (-55.21%)       *DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV Notable Events Loopring (LRC) metrics surged after GameStop’s NFT marketplace integration     Notable Events Trader Joe (JOE) shows decline in TVL, possibly due to the cooling down of the native token AVAX after Avalanche launch on Anchor Protocol Souce: Crypto.com
Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?

Madonna - A Member Of The Bored Ape Yacht Club, Metaverse's Fashionweek - NFT Update - Week 23/03-29/03/22

Crypto.com Accelerate the... Crypto.com Accelerate the... 30.03.2022 14:33
Madonna joins the Bored Ape Yacht Club. Decentraland holds Metaverse Fashion Week with over 70 brands. Looking for an island getaway? Check out Satoshi Island, the first crypto-centric island. MAR 30, 2022     Key Takeaways On Wednesday, BAYC creator Yuga Labs announced it raised US$450 million in its latest funding round led by a16z crypto, with participation from Animoca Brands and The Sandbox. This brings the company’s total valuation to $4 billion. Crypto artist XCOPY recently released ‘Max Pain’, an open edition NFT drop which raised US$23 million in mere minutes. 7,394 NFTs were minted in total priced at $3,108 each (price of 1 ETH at the time) and were sold within a 10-minute window. Decentraland recently held Metaverse Fashion Week, a virtual fashion event with participation from 70 brands such as Estée Lauder, Tommy Hilfiger, Dolce & Gabbana, and Forever 21. On Tuesday Bored Ape #835 sold for just 115 DAI, which was about US$115 at the time of sale on OpenSea. BAYCs are considered blue chip NFTs with extremely high floor price and boast a group of high-profile holders, with Madonna as the latest celebrity to invest, which is why this made the headlines and was even deemed suspicious to some.  LooksRare recorded a +42% increase in sales and a +8% jump in transactions. OpenSea recorded a +9% increase in sales and a +11% jump in transactions. Crypto.com NFT in the Spotlight On their sacred and holy quest to make money from THE ONE TRUE DICTIONARY, a group of talented Hollywood writers and performers joined together to help create these handcrafted NFTs. With ‘Own Every Word: Trinity Drop Pack’, the hapless group of comedians are back to work translating the sacred Word Wizard’s text into 1-of-1 NFTs to be exploited for profit. And after a month with an epic Word Wizard airdrop where four legendaries were found, we continue our hunt for #1: The Original Word Wizard. Interdisciplinary visual artist Nibera welcomes you to an immersive experience in which you can explore The Cosmic City and its inhabitants. ‘The Cosmic City’ is here to offer you a space in which you can explore your imagination and ideas. From galactic landscapes to retro-futuristic scenes, Nibera created visual artworks and soundscapes that will inspire you to explore the universe in your mind. Highlights Ukraine launches NFT museum ‘to keep the memory of war’ World of Women Galaxy NFTs sell out in 3 days LooksRare to allow messaging between users after partnering with Etherscan to launch chat button An in-depth look at Satoshi Island — a crypto-centric residential community in Vanuatu where land titles are NFTs Silk Road founder Ross Ulbricht to drop Bitcoin NFT collection China’s ZTE secures trademarks in the Metaverse Paris Saint-Germain Soccer Club files trademark application to get into the Metaverse and NFTs The NFL eases up on its NFT and blockchain restrictions Liverpool FC auctions official NFTs on Sotheby’s NEAR and SailGP partner on ground-breaking new sports DAO Qantas announces NFT collection and becomes the second airline offering NFTs Tommy Hilfiger designs to hit Decentraland’s Metaverse Fashion Week Bulgari brings a touch of the non-fungible to high end watchmaking Cool Cats Ethereum NFT project signs with CAA for media, licensing push Nelson Mandela’s original arrest warrant sold for $130K as NFT African Digital Art Network Launches Nandi NFT Marketplace on Celo Foodverse: World’s first food metaverse where NFTs can buy food IRL TooNFT looks to revolutionise the Webtoon industry via next-generation blockchain platform Canadian musician Grimes reveals ‘intergalactic children’s metaverse book’ at Avalanche Summit Grammy-winning DJ Diplo to sell NFT song on Royal NFT marketplace Blur raises $11 million in seed round led by Paradigm Bored Ape Yacht Club’s newest merch drop can only be bought with ApeCoin Chip giant Qualcomm launches $100M Metaverse fund Zilliqa ready to launch metaverse-as-a-service (MaaS) platform, Metapolis South Korea recruits NFT experts for metaverse boot camp 2021 Decentraland Annual Real Estate Report US Justice Dept. charges Ethereum NFT project creators over ‘rug pull’ Transaction Volume Benchmark     Top Collectibles   Project Name Weekly Sales (USD) Transaction Count Number of Buyers Women of World Galaxy $66,205,646 12,683 8,155 Azuki $53,208,448 979 595 Bored Ape Yacht Club $44,339,863 122 109 Mutant Ape Yacht Club $41,049,209 562 441 BAPETAVERSE $17,679,556 6,737 3,343       * Collectibles data from CryptoSlam.io The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows top upcoming NFT sales (by market cap) and a sample of their art.   Project Name Sale Date Price (ETH) Items Market Cap (ETH) Sample CBirdz 4 Apr 2022 8 10,000 8,000 Meta Survivors Club 9 Apr 2022 1.3 10,000 13,000 LycaFox Pack 2 Apr 2022 1 11,111 11,111 AquaHeads 30 Apr 2022 2 3,333 6,666 DEGENZ GAME 14 Apr 2022 1.984 3,333 6,6612.672       Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art.   Platform Artist Sales Volume (USD) Sample Crypto.com NFT Travis Ragdale $2,000,000+ Solanart Degenerate Ape Academy $1,688,040 OpenSea Women of World Galaxy $64,201,809       Share with Friends Source: Crypto.com
Rate Hike Announcements Throughout This Week

Is Crypto.com (CRO) Price Collecting Rocket Propellant?

FXStreet News FXStreet News 31.03.2022 16:21
Crypto.com price token shows signs of climbing higher due to a potential rounding bottom. Investors can expect CRO to trigger an exponential rally after flipping the $0.53 resistance barrier into a support level. A daily candlestick close below the $0.37 foothold will invalidate the bullish thesis, Crypto.com price is currently at the midway point in completing a bullish setup. Therefore, market participants can expect massive returns for this token even before a breakout! Crypto.com price ready for an explosive move Crypto.com token shows no signs of slowing down as it approaches a significant resistance barrier at $0.53. After bottoming at roughly $0.37, CRO has rallied 27% to where it currently trades - $0.53. Flipping the said hurdle into a foothold will be key to triggering a massive run-up for Crypto.com price to retest the $0.88 ceiling. Doing so would complete a rounded bottom setup for CRO. This technical formation shows a slow resurgence of buyers that pushes the price back to its peak. If that were the case for Crypto.com price market participants can expect it to gain a total of 88% from its current position. Depending on the momentum, CRO could extend the run-up and retest the all-time high at $0.97. In some cases, Crypto.com bulls might tag the $1 psychological level and set a new high. CRO/USDT 1-day chart Regardless of the outlook for Crypto.com price, the altcoin market could undergo a drastic U-turn if Bitcoin flash crashes. Hence, market participants need to pay close attention to the big crypto's directional bias. In case of a sudden shift in narrative, a daily candlestick close below the $0.37 foothold will invalidate the bullish thesis for the Crypto.com price by producing a lower low. This move is likely to skew the odds in bears’ favor and trigger a crash that could push CRO to January 22 swing low at $0.32.  
Micron Stock Decreased! Crude Oil Supply Reduced By Russia!

Global Crypto Market Value Fell By Over 2% Today. (Polygon) MATIC/USD, CRO (Crypto.com) and TRON/USD (US Dollar)

Rebecca Duthie Rebecca Duthie 22.04.2022 21:51
Summary: Market sentiment and current market conditions remain main drivers in the prices of crypto currencies. TRON (TRX) planning a decentralized stablecoin. Polygon USD Along with most other cryptocurrencies in the market, the price of MATIC has fallen over the course of today. Market sentiment, current market and economic conditions along with the ECBs intention to regulate the crypto market are all factors currently affecting the price of cryptocurrencies. Polygon USD Price Chart Related article: U.S Yields Expecting Further Increases!?, Announcement Of PMIs Prelims For The Private Sector - FOREX Today| FXMAG.COM Cryptocoin.com (CRO USD) Crypto coin price is following the same trends as the rest of the crypto market by reflecting losses in its price overall today. The crypto market has weak investor confidence in general due to the lack of regulations attached to these coins, we hope to see more stability and more long term investors going forward inlight of the ECBs intention to regulate this market. Cryptocoin.com Price Chart Tron Coin plans a decentralized stable coin. Tron is a blaock-chain based decentralized trading platform with its own cryptocurrency. Whilst most other cryptos fell in price today, Tron's price saw a rise in the first half of the trading day,the price rise came amidst the coin's plans for a decentralized stablecoin. However, overall the price has fallen by almost 6,5%. Read next: Gold Price Forecast: XAUUSD recovers from intra-day dip under $1930, but still pressured as yields/USD rise| FXMAG.COM  Tron USD Price Chart Sources: Finance.yahoo.com, coinmarketcap.com
Forex Wakes You Up! (USD) US Dollar Index Is Not Far From 110.00! EUR/USD Is Expected To Be Hovering Between 0.99-1.01

How Have (BTC/USD) Bitcoin Price, Gold Price And Stocks Been Doing This Week? | BeInCrypto

BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. 03.06.2022 13:07
Be[in]Crypto brings you an overview of this week’s price movements for bitcoin (BTC), gold, and our stock pick, GameStop.     BTC While an improvement over the prior two weeks, bitcoin has been struggling to maintain a $30,000 baseline. Trading just below $29,000 on May 19, BTC rose above $30,000 the next day, but swiftly returned below. Over the next two days it trickled upward, before accelerating up to $30,000 by May 24. Hitting resistance again, it dropped back down to $29,000 and failed to recover over the next few days, eventually slipping further down to $28,250 by May 27. While it rose a bit over the following days, BTC spiked on May 30, reaching $32,000 by May 31. Once again, BTC plummeted from there to $29,000 by June 2 and is now trading around $30,000.     Bitcoin’s rise to $32,000 was a result of markets responding to the relaxation of COVID-19 restrictions in China, in addition to the possibility that the Federal Reserve could loosen its hawkish stance later this year. “Bitcoin’s price action today is not entirely surprising,” said Joe DiPasquale, the CEO of crypto fund manager BitBull. “Not only is it facing pressure from traditional markets, it has also been struggling to breach the resistance zone between $31K-$32K, resulting in a breakdown from the range it set over the weekend.” GOLD The gold price has fared well over the past two weeks. Trading around $1,810 on May 19, it then shot up to $1,845 later that day, before rising even further to $1,865 by May 23. While sinking a bit from there, gold rose a bit higher by May 24 before sinking a bit back to $1,845. Over the next few days, gold reached $1,855, then dropped down further to $1,830 by June 1. However, over the past day, it has surged and is now trading around $1,865.  Gold prices rose yesterday bolstered by a dip in the dollar and data showing U.S. private payrolls rose less than expected last month. “[The job data] is really raising the recession concerns that have been brewing in the market and supporting gold,” said Ryan McKay, commodity strategist at TD Securities. According to ADP National Employment Report data, private payrolls rose by 128,000 jobs last month against a forecast for an increase of 300,000 jobs. GME GameStop shares have trickled down over the past two month, but have surged over the past week. At the beginning of April, GME dropped from $190, and had fallen to $140 by April 18. Despite a brief recovery, it continued to trickle down, hitting $115 by May 1. While maintaining around $120 the next few days, it continued to fall and hit $80 by May 11. It then shot up the next day to nearly $110 and traded between $100 and $90 until May 25. From there it shot up to nearly $150 on May 26, and while it has fallen a bit since then, it is currently trading around $135. During its latest financial results, GameStop reported sales of $1.378 billion, up from $1.277 billion during the same period last year. The company said that new and expanded brand relationships have helped boost sales, in what is likely a reference to its crypto efforts. CEO Matt Furlong said in the earnings call: “We firmly believe that digital assets are core to the future of gaming,” giving a clear indication that the company is going to double down on its digital assets strategy. GameStop will release its highly anticipated NFT marketplace in the second quarter of the year, which should inject a lot of life into the company’s business, having seen a resurgence since last year’s stock incident.  Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto
NFT: Funko x Warner Brothers - Effect? DC Comics NFTs! Sega And Bandai Namco May Affect Blockchain Gaming

FIFA To Launch An NFT Platform, GameStop (GME) Partners With FTX

Crypto.com Accelerate the... Crypto.com Accelerate the... 09.09.2022 19:00
FIFA to launch Algorand-powered NFT platform. OpenSea to exclusively support NFTs on Ethereum’s PoS blockchain post-Merge. DappRadar data shows gaming makes up half of blockchain activity in Aug. The 2022 FIFA World Cup is just months away. To celebrate this event, global football association FIFA is partnering with Algorand to build its very own NFT platform. Named FIFA+ Collect, it will showcase soccer-themed digital collectibles that represent the greatest World Cup game moments. In preparation for the upcoming Merge, NFT marketplace OpenSea announced that it will exclusively support NFTs on the Ethereum proof-of-stake blockchain after the event. It also said it is preparing for any issues that may arise along with the upgrade, and will no longer support existing NFTs on the proof-of-work blockchain. Video game retailer GameStop doubles down on crypto, as it becomes the preferred retail partner of crypto exchange FTX US. This partnership aims to introduce more of its followers to the FTX ecosystem and community, and will kick off the deal by carrying FTX gift cards in some of its U.S. stores.  Recent data from DappRadar and Blockchain Gaming Alliance shows that gaming accounts for over half of blockchain industry activity in August, with hundreds of millions in transactions. While the figures show a decrease from the previous month, it indicates that top games are growing despite the market slump. X2Y2 recorded a +10% increase in sales and -24% decrease in transactions. Meanwhile, OpenSea‘s sales were positive at +23% and its transaction count also increased +23%. The total market cap for GameFi tokens now stands at US$8.97 billion, down -0.1% from last week. Crypto.com NFT in the Spotlight Crypto.com NFT Collection Activity feature just got enhanced! Through this upgrade, users can now easily discover how an NFT ranks within its own collection, check out new data points, and directly place bids and make purchases. Try out the feature via Crypto.com NFT.  MetaBeat, a Music Community NFT platform, has partnered with Crypto.com to create the “MAMAMOO NFT Collection”. MAMAMOO’s drop will start on 19 September 2022 and collectors will be able to reveal one of eight types of NFTs by purchasing a mystery pack. Collectors will also receive access to exclusive redeemables in addition to their collectible. All holders will be eligible for a chance to receive exclusive NFT airdrops as well as physical goods, and will be offered early access to future MAMAMOO drops on the MetaBeat Platform. NFT Highlights Ethereum domain names top NFTs as most traded asset on OpenSea Avalanche NFT marketplaces weekly volume has reached a 7-week high Sorare takes on NBA Top Shot with Ethereum NFT-based fantasy NBA game a16z’s latest bet on NFTs: Free licenses for everyone ConsenSys to launch ‘sustainable’ NFTs celebrating the Ethereum Merge Magic Eden CEO on the future of the billion-dollar NFT marketplace Decentralised NFT marketplace Sudoswap announces Ethereum token airdrop GameFi Highlights Move-to-Earn game StepN to open regional offices at Hong Kong’s Cyberport Animoca’s Grease Monkey Games secures Epic MegaGrant Splinterlands: Details about Riftwatchers set and pre-sale dates announced ImmutableX and Kiraverse partner to deliver brand new game What are fan tokens? Crypto assets that give fans a voice NFT Transaction Benchmark     The following chart shows select top NFTs and their historical floor prices: Top Collections The following table shows select top creators (by sales volume on each platform) and a sample of their art: PlatformCollectionSales Volume (USD)Sample Crypto.com NFT Loaded Lions $122,400 Minted VVS Miner Mole $96,400 Magic Eden Y00ts: mint t00bs $9,792,000 OpenSea Y00ts: mint t00bs $9,248,000 GameFi Top Gainers & Losers     Top Games Metrics     Daily Gamers by Blockchain Authors Research and Insights Team Tags CRYPTO CRYPTO RESEARCH GAMEFI NFT Source: NFT & GameFi Weekly (09/09/2022) (crypto.com)
Altcoins: Ethereum Price (ETH/USD) Has Declined By Over 13% Since The Transition

Altcoins: Ethereum Price (ETH/USD) Has Declined By Over 13% Since The Transition

Crypto.com Accelerate the... Crypto.com Accelerate the... 19.09.2022 09:57
ETH’s The Merge was completed. ETH is down 13.5% since The Merge; BTC is outperforming. U.S. Aug inflation at +8.3% YoY, higher than expected. Chart of the Week: The Merge…Crickets Ethereum’s The Merge, one of the most anticipated events in the cryptosphere, was completed on 15 September. From a ETH price performance perspective however, it has been rather underwhelming, as ETH has dropped 13.5% since The Merge. Perhaps the prior substantial price surge since the June lows indeed made it a sell the news event?  Also, macro headwinds are perhaps proving difficult to overcome, with a higher than expected August U.S. CPI print (+8.3% YoY) last week and the upcoming Fed rates decision on 21 September. Read our recent Alpha Navigator report for more analysis.     Fund Flow Tracker The aggregated exchange balance for ETH spiked over the past week and marked the highest level since July 2022.         Derivatives Pulse Implied vols for both BTC and ETH dropped during the past week. 1-month implied vol currently stands at 63.9% (vs. 69.0% a week ago) and 92.3% (vs. 104.2% a week ago) for BTC and ETH, respectively.                     ETH perpetual futures funding rates showed a positive print after a month-long streak of being in negative territory.         Leveraged traders’ net-short position in CME Bitcoin futures continues to reduce and mark new YTD lows.     Leveraged traders are typically hedge funds and various types of money managers, including commodity trading advisors and commodity pool operators. The traders may be engaged in managing and conducting proprietary futures trading, and trading on behalf of speculative clients. The asset manager category consists of institutional investors, including pension funds, endowments, insurance companies, mutual funds, and those portfolio/investment managers whose clients are predominantly institutional. The dealer category consists of participants typically described as the “sell-side” of the market. These include large banks and dealers in securities, swaps, and other derivatives. The other reportable category consists of traders mostly using markets to hedge business risk, and includes amongst others corporate treasuries. Price Movements     News Highlights Crypto.com announced it has successfully renewed the National Institute of Standards and Technology Cybersecurity Framework and Privacy Framework assessments as audited by SGS, an internationally-recognised certification authority. Ethereum’s The Merge was finally completed on 15 September. Ethereum’s energy consumption is expected to drop by ~99.95% and its developers say the upgrade will make the network more secure and scalable too. U.S. CPI increased by 8.3% YoY in August, higher than market expectations, as rising shelter and food costs offset a fall in gasoline prices.  A consortium of leading broker-dealers, global market makers, and venture capital firms announced the launch of EDX markets, a digital assets exchange. Backers include Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital, and Virtu Financial. Catalyst Calendar             Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters    Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES MARKET PULSE MARKET UPDATES Source: Market Pulse (19/09/2022) (crypto.com)