Crypto Pulse Issue # 9 - What's up with Inflation and the Markets. Tuesday, August 9, 2022 | Powered by GenShards.
09 Aug 2022, 14:29
📈 Crypto Pulse Issue # 9 - What's up with Inflation and the Markets?
Tuesday, August 9, 2022 | Powered by GenShards
👉 Read the issue || 🐧 Read the tweet thread ||👇You can also find a summary below
⛰Macro Landscape
📌 Is it possible that US Inflation may have topped out? Bitcoin keeps trucking higher after a good weekly close (source)
📌 Crypto financial services firm Galaxy Digital (GLXY) reported second quarter net loss of $554.7 million, more than triple the amount for the same period last year. This seems mainly due to the crypto market downturn (source)
📌 A Deloitte study has concluded that blockchain makes a lot of sense for use in commercial real estate processes like leasing and sales (source)
📈 Markets and Ecosystem
📌 Markets look green as Bitcoin tested $24K and BNB spiked to a 2-Month High (source)
📌 Binance said on Friday it doesn’t own India-based platform WazirX in a move that has baffled industry players, including the Indian firm that insists the purchase did take place (source)
📌 The Optimism protocol grew rapidly over past month as developer activity seems to be on a clear uptrend (source)
🀄️ NFTs and Metaverse
📌 Meta has rolled out NFT support for Instagram users in over 100 countries (source)
📌 The NFT sales volume for Immutable X has hit a low for the year of 2022, dropping more than $48 Million (source)
📌 Popular Ethereum competitor Avalanche has gained double-digits as NFTs on the network gain traction (source)
👉 Read the newsletter for the latest in the Web3 and NFT world (and for some of the choicest memes 😉). Subscribe to get it directly in your inbox !
🐧 Spread the word - retweet !