Crypto.com Weekly Market Update (Week 15, 11/04/2022 - 17/04/2022)
US inflation comes in hotter at 8.5%, with rate hikes likely to continue into 2023. Epic Games raise $2B to fund Metaverse. Bored Ape Yacht Club set to create a film trilogy.
Key Takeaways
The Bureau of Labor Statistics reported headline inflation for the USA at 8.5%, above the Dow Jones estimate of 8.4%. To reduce inflation, the Federal Reserve has begun raising interest rates and will continue to do so into 2023.
The Bank for International Settlements (BIS) released a study on how central bank digital currencies (CBDCs) can play a role in financial inclusion. The range of topics included using CBDCs as a catalyst to innovate and also to serve as a complement to existing systems.
The popular NFT collection is set to release a trilogy film. Also, Bored Ape Yacht Club (BAYC)’s creator, Yuga Labs, has teamed up with Superplastic to create vinyl art collectibles based on the collection.
The general price, volume, and volatility indices were mixed at -5.77%, -8.27%, and +23.23% respectively.
Highlights
Bank of Japan official says Digital Yen won’t be used to achieve negative interest rate
Bank of Canada using quantum computing to simulate crypto adoption scenarios
Central Bank of Brazil confirms it will run a pilot test for its CBDC this year
Institutional Asset Manager enlists Fireblocks to help with crypto security
Fortnite creators Epic Games raise $2B from Sony and LEGO to fund Metaverse plans
BlackRock to handle Circle's USDC cash reserves as part of $400M funding round
A16z leads $4M seed round for Web 3 recurring payments startup
Opera expands crypto browser to iOS for access to 9 Blockchain ecosystems
Check the latest prices on Crypto.com/Price.
Market Index Tokens
* Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT
DeFi Index Tokens
*DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI
Other Tokens
*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
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