Antalpha Weekly. Week of March 14, 2022 | by Antalpha | Mar, 2022

Highest NFT Sale of the Week

Bored Ape Yacht Club #3250

Bored Ape Yacht Club #3250

Weekly TVL

Gross: ⬆️ $209.2B

DeFi News

[Coinbase Wallet Supports Solana] The Coinbase Wallet now supports SOL with plans to add support for Solana NFTs & dApps.

Key Metrics

7D SALES: $526,650,529

NFT News

Mar 19, Yuga Labs is building an interoperable gaming metaverse called MetaRPG.

[Accenture enters Metaverse] The leading company in communications and media, Accenture is positioning itself as a Metaverse infrastructure provider for business to offer their services in virtual reality. Their recent report, “Meet Me in the Metaverse” revealed that they aimed to help companies set up a 0 to 1 digital branding and build and operate their metaverse capabilities. Now Accenture’s market cap is at $213B.

[Chelsea Football Club owned by Chealsea DAO?] A DAO was formed to raise funds through tokens to allow Chelsea fans to become the owners of Chelsea Football club. Ever since the British Government sanctioned Russia for Russo-Ukrainian War, Chelsea Football Club, owned by Russian Billionaire Roman Abramovich, was frozen as a result of the sanction. Chelsea DAO further revealed that 10% of initial tokens will be donated to the Ukrainian Red Cross Society.

Mar 15(🇪🇺) EU Parliament voted against banning Proof-of work crypto assets.

  • Stocks markets recovered from the two-week drop while volatility and the commodity prices lowered from session highs. Nasdaq gained over 8% to recover from the bear market territory. Bonds prices dropped this week as a reaction to the fed rate hike.
  • The Fed raised the interest rate 25bp, the first move since 2018. Despite the ongoing war in Ukraine and the volatility of the market, The Fed starts its process of tightening to better the inflation problem, which is at a multi-decade high. According to the updated economic forecast, the Fed is expected to raise the rate 7 times in 2022 and the target rate for this cycle is 2.8%.
  • A large decline in oil price helps alleviate the inflation pressure in February. The labor market remains healthy with unemployment claims at low levels. After the Fed rate increase, the mortgage rate has surpassed 4% first time in 3 years.

Author: Traciwininger

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