It’s been a pretty big market news week with The Merge coming to a close, a track has been discovered in the Bellatrix upgrade, and the explosion of DeFi before Ethereum moves to the important update is also remarkable. Let’s review the main news of the market with CoinCu this week.
Market figures for the week
The crypto market’s capitalization: There were also two unsuccessful attempts to reach $1 trillion, as well as a fall to $934 billion, after which the market managed to recover.
Trading activity dropped significantly: The daily average fell to $63 billion over the week. The largest recovery was observed on September 7, 2022, during the market downturn.
The Cryptocurrency Fear & Greed Index: The index remained in the “Extreme Fear” zone for the third week in a row. On September 8, it stood at 20 points.
Interesting news of the week
Ethereum Successfully Deploys Bellatrix Upgrade
Ethereum has officially successfully implemented the Bellatrix upgrade. This is a premise development for The Merge, the event is scheduled to take place on September 15. For more specific information, you can read the article below:
FIFA Launches NFT Platform On Algorand During World Cup
FIFA, the global governing body of soccer, is launching a new NFT collectibles platform with the highly anticipated World Cup just around the corner. The new platform will be launched on Algorand, continuing an existing partnership between the two parties. For more specific information, you can read the article below:
ConsenSys Releases Free NFT To Celebrate The Merge
The Merge is bringing a new wave to the crypto community, leading many platforms to launch two campaigns to catch the trend. ConsenSys is also one of them, and the company plans to release a series of NFTs for Ethereum’s historic upgrade. For more specific information, you can read the article below:
LG Electronics Preparing To Launch Digital Asset Wallet
LG Electronics, a South Korean technology firm, has sought a patent registration for its newly designed digital asset wallet, Wallypto, which is now beta-tested to prevent system errors and crashes. For more specific information, you can read the article below:
Solana’s y00ts Collection Is At The Top 1 Of Weekly Trading Volume On OpenSea
y00ts is a collection of 15,000 yeti-like PFP avatars made by the DeGods founding team and is one of the most popular NFT projects on Solana. The project received submissions from a number of high-profile individuals, including NFT influencers and soccer great Wayne Rooney. For more specific information, you can read the article below:
Liz Truss, The New UK Prime Minister, Is A Crypto Advocate
On September 5, 2022, the UK announced the new Prime Minister and also the third female prime minister in history – Mrs. Liz Truss. From her previous statements, the community recognizes her as a cryptocurrency advocate. For more specific information, you can read the article below:
STEPN Announces Move To Hong Kong As Others Flee
The poster child for mobility is on Monday, STEPN unveiled an unexpected intention to create an office in Hong Kong, breaking the trend of businesses leaving the city because of the city’s tight Covid regulations and a challenging regulatory climate. For more specific information, you can read the article below:
Helium Is Increasingly In Crisis When The Price Of HNT Plunges “Not Seeing The Bottom”
Helium (HNT) is facing a severe downturn as the blockchain network has been rocked with various problems. Its market capitalization has plummeted more than 50%, from over $1 billion to around $490 million. For more specific information, you can read the article below:
Bitcoin Mining Pool Poolin Suspends Withdrawals From Wallet Service
PoolinWallet, one of the world’s largest Bitcoin mining pools, has suspended all withdrawals to conserve assets and stabilize liquidity, the company announced on Monday. For more specific information, you can read the article below:
Ethereum Classic Hash Rate Reaches All-Time High In Advance Of The Merge
With a growth of more than 480% a year so far, Ethereum Classic has climbed to an all-time high hash rate of 45 terahashes per second (TH/s). The hash rate is a measure of how much computer power is used to generate new blocks on the network. For more specific information, you can read the article below:
Franklin Templeton Launches Metaverse ETF In The European Region
Franklin Templeton, one of the world’s largest asset managers, launches a metaverse ETF in the European region. For more specific information, you can read the article below:
stETH Continues To Depeg, What Is The Cause?
On September 7, stake ETH on Lido (stETH) once again returned to the 0.95 ETH area even though the market had somewhat stabilized before. This raised concerns when earlier in June, this incident also occurred, leading to many “disasters” in the market. For more specific information, you can read the article below:
El Salvador Celebrates One-Year Anniversary Of Bitcoin Day
El Salvador, Central America’s smallest and most densely populated country, became the first to make Bitcoin legal tender one year ago. For more specific information, you can read the article below:
Bitcoin had a rough week when it was pushed below the $20,000 price zone and bounced back this weekend. However, it seems that bullish momentum is returning before the market awaits Ethereum’s Merge upgrade news. Join CoinCu to update the market news in the coming week.
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