- Bitcoin and Ether moved above $43,000 and $3,000, respectively, for the first time since February as the fundamentals of crypto align and appetite for risk-assets increases. On-chain metrics (as covered in previous editions) point towards a sustainable rally as investors persistently accumulate and deplete supply on exchanges.
- Ethereum continues to capture relative market share as we approach the deployment of ETH 2.0 in Q2 2022. To learn more about Ether and the impact of ETH 2.0, check out this week’s top story.
- According to data from glassnode, investors across Asia have until recently been biased to the sell-side on Bitcoin. In contrast, European traders are providing the largest bid support at present levels. Check out the quantitative section for an in-depth analysis.
- According to a study from PwC, crypto will play a critical role in driving revenues for sports teams across the world. The three catalysts of growth are: (1) tokenized tickets, (2) NFT media rights, and (3) sponsorship of digital or metaverse events.
- On Monday, Malayasia’s Communication Ministry proposed making digital assets legal tender in the country. The ministry hopes to “develop youth participation in crypto and assist them” by being a leader in the space.
Bitcoin has fallen by more than 37% in June, its worst monthly performance since December 2018. The downward pressure is…