Week Financial News

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Non-fungible tokens were in the news this week after the creators of Bored Ape Yacht Club became the latest high-profile target of the SEC. The financial watchdog wants to determine whether NFTs are securities. While that will happen in the future, for now, digital collectible sales haven't stopped, and this week brings more exciting new collections, including a collection from Hollywood legend Sir Anthony Hopkins.

Tron’s TRX may not be the best-performing cryptocurrency but it has delivered a net positive performance in October so far.

The crypto industry has witnessed another major hack in less than a week, where a hacker has stolen $100 million from Mango Markets.

Ripple’s XRP token is in the spotlight again with a strengthening technical analysis outlook for the token. At the same time, investors are becoming more hopeful that a long legal battle with America’s financial regulator could soon end and, with XRP potentially skyrocketing as a result.

global crypto market has recovered a bit as compared to the past week. Bitcoin has failed to hold above $20,000 level the previous week due to lack of buying activity but has traded above its psychological support this week in line with equities. It seems like the market participants are on their risk appetite to start a new quarter. Bitcoin has traded sideways most of the week as investors return to more macroeconomic cautiousness. Even though Bitcoin successfully traded above $20,000, it struggled to move above it. Its dominance in the market, however, increased to 41 per cent from 39 per cent on September 10, 2022. This indicates that the market participants are choosing Bitcoin over other assets for its comparatively stable nature.The whale accumulation and the US dollar index rising to a 20-year high are the reasons for BTC’s growth in the past few days.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Shiba Inu has endured another day of sideways and downwards action as the meme coin continues to struggle to maintain any momentum.

The last week in the crypto market continued the theme of the past quarter, namely of most assets holding just above their support levels. The asset class is hoping that there will be a reason for it to break out of its slump, and some coins are at least showing positive signs in the near term.

Monday is Columbus Day, a federal holiday. U.S. stock markets are open but the corporate bond and Treasury markets are closed.

The Binance Coin [BNB] chain recorded 19.5 million transactions on its network over what seemed like a torrid week. According to the updated posted by the chain on 8 October, BNB ended the week with an average of 2.78 million transactions. Furthermore, the daily active users were 774,000, with cumulative weekly users of 3 million.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The continued decline in the price of Tron [TRX] has led to an increase in the negative bias against the crypto asset, new data from Santiment revealed. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. 

CHZ is among the cryptocurrencies that have delivered the most gains recovering from June lows. It just concluded a 25% retracement from its September highs. However, multiple signs including a new listing may allow the bulls to regain control.

As a result of the rally in the price of AAVE since the beginning of the trading week, there has been a surge in profit-taking levels for the crypto asset, data from Santiment revealed. 

New applications for unemployment benefits rose last week in the latest sign of a cooling labor market, although they remained close to prepandemic lows. 

Paris Fashion Week 2022 consisted of 64 shows and 42 presentations, many of which demonstrated the future of fashion. From the sprayed-on dress worn by supermodel Bella Hadid at the Coperni show to upcycled fresh looks consisting of recycled garments, Paris Fashion Week brilliantly highlighted trends for upcoming seasons. 

Binance U.S. confirmed that the exchange will be adding the Sandbox [SAND] token on the platform. This news was also retweeted by Sandbox on their Twitter account. Since the news broke, investors and SAND reacted positively to this announcement. 

The non-fungible token (NFT) world continues to evolve, with investors looking for new collections to create returns in a bear market. This week, DoDoor, Kitaro World, and Renga Black Box are among the top trending NFT collections.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.