We are back with the 114th volume of ICRYPEX CryptoEconomics Newsletter 😊. This is the first newsletter in Turkey in which you can find CryptoFinance, FinTech, DeFi, NFT and On-Chain themes all together. We have compiled this week’s metrics 📊 and news 📰.
Additionally, you can find the latest highlights from the BlockchainIST Center.
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Metrics and Stories of the Week
FinTech
Societe General Securities Services (SGSS) launched digital asset funds service.
UK retail investors have so far spent about 31.795£ billion(34.7$ billion) investing in cryptocurrencies.
FinTech series A funding by region; 2021 was an impressive year for Series A FinTech fundraising across the globe, with total Series A deal amount in Africa increasing almost 900% from 2020, North America up nearly 250%, and Latin American up nearly 200%.
DeFi
DeFi derivatives protocol Ribbon Finance launches options exchange on Ethereum.
The multi-billion dollar digital asset management platform Safe will offer SAFE governance token to steward its newly formed DAO.
Top 9 projects by total value locked in BNB Chain ecosystem.
CryptoFinance
Chainlink and SWIFT are working on a proof-of-concept that will allow SWIFT to transfer cryptocurrencies across almost all blockchains.
Spanish telecom giant Telefonica enables crypto payments.
BTC’s price movements are more tightly correlated to US equities compared with European markets (as measured by the STOXX600 index).
NFT
BlackRock preps ETF targeting metaverse companies.
Facebook and Instagram users in the US can now connect their crypto wallets to their accounts.
In September, Web3 startups raised a total of $1.3 billion in funding. Infrastructure startups raised $469 million and the gaming category has raised $129 million.
On-Chain
Bitcoin is still in early stages with $0.36 Trillion market cap compared to market cap of traditional assets such as; debt ($303 Trillion), equities ($56.2 Trillion), gold ($12.2 Trillion) and real estate ($326.5 Trillion).
The number of ETH staked increased 80.2% from 7.81M to 14.08M in Q3.
The US Securities and Exchange Commission filed a complaint against a former Coinbase employee alleging he traded on insider information and some of the tokens involved were crypto asset securities under US securities laws, the release of the allegations did not appear to have an immediate impact on the prices of the tokens alleged as securities, however, most did underperform in the quarter vs. ETH and BTC.
Highlights from BlockchainIST
Trends of the Week 📈
Highlights of the Week
Reading List of the Week
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Sources
Societe General Securities Services (SGSS) launched digital asset funds service.
DeFi derivatives protocol Ribbon Finance launches options exchange on Ethereum.
Facebook and Instagram users in the US can now connect their crypto wallets to their accounts.
The number of ETH staked increased 80.2% from 7.81M to 14.08M in Q3.