Crypto.com Weekly Market Update (Week 13, 28/03/2022 - 03/04/2022)
Nearly $200M flowed into crypto the last 3 months. Axie Infinity experiences $625M hack. Trezor cold wallet users targeted with phishing emails.
Key Takeaways
Crypto funds saw US$ 193M of capital inflow – the largest in 3 months. The top 3 cryptocurrencies according to the CoinShares report, were Bitcoin (BTC) at US$ 97.8M, Solana (SOL) at US$ 87.1M, and Ethereum (ETH) at US$ 10.2M.
Popular Play-to-Earn blockchain game Axie Infinity saw its layer 2 bridge compromised and hacked totalling over US$ 625M worth in ETH and USDC. A detailed breakdown of the hack can be found on Ronin network’s substack. The hacked funds are being held at this address.
Cold wallet provider Trezor is looking into a potential data breach which targeted users with phishing emails. Trezor followed with a Twitter update citing the breach could have been from a newsletter hosted on MailChimp.
TradFi Gold Industry participants are looking to utilise blockchain technology to create an immutable record for physical deliverable gold across the globe. The Gold Bar Integrity Programme is aimed at improving transparency for consumers, investors and market participants.
The general price, volume, and volatility indices were positive at +5.17%, +24.44%, and +105.07% respectively.
Highlights
Fed’s preferred inflation gauge up 6.4% in February to four-decade high
US adds 431K jobs in March, as unemployment rate nears pre-pandemic level
From taxes to electricity, blockchain adoption is growing in Austria
Tesla taps MakerDAO-powered lender for $7.8M real estate deal
South Korea’s SK Square will spend $1.6B on semiconductors, blockchain
Eldridge, A16z lead $620M financing round for fintech Cross River Bank
Nasdaq-listed Microstrategy obtains $205M Bitcoin-backed loan to buy more BTC
Blockchain security firm CertiK just raised $88M, SEC docs show
Check the latest prices on Crypto.com/Price.
* Market index tokens: BTC, ETH, XMR, LINK, EOS, XLM, XTZ, ATOM, ADA, DOT
*DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI
*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
Thank you for reading! We hope you find our Weekly Market Update enlightening!
Hungry for more? Visit our Research Hub and University to access other insightful crypto research!
Share with a friend if you like our email!