Crypto.com Weekly Market Update (Week 11, 14/03/2022 - 20/03/2022)
Bored Ape Yacht Club maker launches new crypto ApeCoin. Crypto.com launching Exchange 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
Animoca Brands co-leads $88M series B funding round of Hex Trust
"We’re already buying" Terra founder plans to obtain $10B BTC for reserves
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
Check the latest prices on Crypto.com/Price.
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