Market focus

Month-over-month trading volumes on crypto exchanges increased 16% from August to September. It was the first significant increase in exchange trading volume since April this year.  According to The Block’s Data Dashboard, September’s exchange trading volumes saw the first notable jump since this May. The volume jumped to $733 billion, or a 16% month-over-month increase….

Breaking crypto news from the last week (Sept. 24 – 30, 2022): Sept. 24: The Walt Disney Company is looking to hire a transaction lawyer working at an “accelerated and aggressive timeline” to explore new technology opportunities, like the metaverse, DeFi, and NFTs. The media conglomerate looks to expand into Web3 territory focusing on “next…

Top investment deals across the crypto sector over the last week (Sept. 24–30, 2022): Deribit raises $40 million from existing investors at a $400 million valuation Deribit, the largest Bitcoin options exchange by market share, has raised funds from existing investors at a $400 million valuation, The Block reported. The Panama-based exchange raised around $40…

Interbank messaging service SWIFT has partnered with Chainlink Labs (LINK) for a cross-chain interoperability proof-of-concept project. The project would connect SWIFT’s network to every blockchain to allow traditional finance players access to digital and traditional assets within the single network. The link-up was announced at an event in New York on Sept. 28. At the…

Apple is adding standardizing acceptance of NFT-based apps to be available on the Apple App Store. However, the company is including their standard 30% transaction fees for all transactions, a mechanism that many NFT firms argue is unreasonable and simply not feasible for their existence in the store. In a report from The Information first…

The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low of -35.26% on Sept. 23. This decline comes four months after its previous all-time low of 34%. Now, Grayscale is suing the SEC after rejecting its application to convert to a spot Bitcoin ETF…