Issue #50

Crypto crime down 65% year on year, SEC loses XRP case, tokenised US Treasuries pass $600m in value, Aave release a stablecoin (GHO) & more...

Market Overview

As of the time of writing (Monday 5pm), the total market cap of the crypto asset market is $US1.26T, up (3.9%) from last week.

Below is the weekly performance of the top crypto and NFT assets. 

230718 newsletter

News Headline Highlights

 Crypto Asset Project Updates

  • Aave, a decentralised liquidity protocol, has received the go ahead to launch its native US Dollar stablecoin GHO on Ethereum mainnet. Approval for developers to launch GHO followed a community governance vote, which received close to 100% approval from the 424 addresses that participated. 
  • Polkadot founder Gavin Wood proposed his vision for Polkadot 2.0 at a recent conference. Wood explained his vision for the ecosystem’s evolution as a network of sovereign chains connected by treaty-like “accords.”
  • Arkham Intelligence, a US based crypto company that incentivises its users to deanonymize blockchain users, is holding their public token sale on Binance. Magnet quick take: Running a public token sale, especially when based in the  US seems highly risky. I would not like to be their legal council when the SEC catches wind of this public sale…

Regulation Station

The Weekly Deal Room

Metric of the Week

The amount of bitcoin held on exchanges has reached a 5-year low of 2.25 million. This represents a float of 11.6% of all BTC in circulation. 

Source: Glassnode

230718 metric

Similar posts