• Team Sygnum

Discover the top news in crypto for the week!


Are we in a Crypto Winter? The Sygnum team explores the market fundamentals showing another reality. Meanwhile, the share of stablecoins in the market is rising while the relationship between sports and crypto is growing. Find out the top 5 crypto news of this week.

 

Digital Nugget: A repeat of the 2018-19 Crypto Winter?

The latest market volatility has led investors to worry about a potential Crypto Winter. But, what do the fundamentals tell us? Today, the quality of crypto projects relies on a growth trajectory and not on artificial token emissions, as in the 2018/2019 correction. Meanwhile, the industry has focused on fulfilling its vision of a decentralised world while investors matured to offer growth-based valuations. Read more

 

Record stablecoin market share points to crypto upside: JPMorgan

Stablecoins have been facing many challenges lately, with the downfall of TerraUSD and the depeg of other projects. However, in a new note, JP Morgan highlighted that the share of stablecoins in the market just reached an all-time high at above 14 percent. The note suggests that the rise of stablecoins could mean a current ‘oversold status’ in crypto markets with a ‘significant upside from here.’ Read more

 

Deloitte, NYDIG partner to help institutions adopt Bitcoin

Big Four consulting firm Deloitte is partnering with crypto infrastructure provider NYDIG to onboard more companies into crypto. With the new partnership, Deloitte and NYDIG will offer services focused on Bitcoin adoption to new and existing clients. Examples of adoption could include ‘embedding bitcoin wallets into existing user experiences, powering bitcoin rewards programs, and enabling bitcoin-secured lending.’ Read more

 

Consulting giant KPMG makes its first foray into Metaverse

KPMG is the latest company to delve into the Metaverse after another consulting firm, PwC, bought digital real estate. Citi has called the Metaverse a $13 trillion opportunity, attracting more institutions to this new trend. A new report by DappRadar showed that GameFi and Metaverse are attracting more users and funding even with the correction in crypto markets. Read more

 

Sports fans twice as likely to buy bitcoin, ethereum, NFTs

Sports and crypto are mingling more and more. A new survey by Seton Hall University showed that sports fans are more likely to be involved in crypto and non-fungible tokens (NFTs). In the survey, 57 percent of households with sports fans owned digital assets, while households without sports fans only had a crypto adoption rate of 24 percent. Many of the leading crypto brokers have sponsored sports clubs and famous arenas, while fans are becoming more involved with digital collections through NFTs. Read more



To be the first to get the latest news on Sygnum and the market, expert insights and industry research please follow us on Linkedin and Twitter.




Disclaimer

This document is purely for educational purposes and has been issued by Sygnum Group. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Group, as at the date of issue. These opinions and the information contained herein do not take into account an individual‘s specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Group uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

51 views