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Ewpple - Crypto Market Insight Jun 2022
- As the market improves, Coinbase will launch Bitcoin (BTC) 'Nano' futures valued at 1/100th of a Bitcoin, once granted CFTC approval.
- Soon, Ethereum (ETH) will undergo The Proof-of-Stake (PoS) Merge, which is more network-efficient and bullish for ETH.
- Aave's (AAVE) Lens Protocol developed its Web3 decentralized social media platform so users could control their own profiles, communications and presence on social networks.
- The 'Saga' is an Android Web3 phone from Solana (SOL) Mobile with a dApp store, a Solana SDK, and hardware private keys for secure Web3 transactions and digital asset management.
- Cryptocurrency derivatives exchange CoinFLEX has halted withdrawals until 30 June due to unfavorable market conditions and uncertainty related to an unnamed counterparty.
- A $100 million Ethereum cross-chain bridge owned by Harmony was stolen. Harmony alerted exchanges and shut down the Horizon bridge to prevent further transactions, but said its Bitcoin bridge was not affected.
- The Swiss watch maker Hublot, owned by LVMH, has begun accepting Bitcoin and other crypto payments through the crypto payment platform BitPay. In addition, Tag Heuer, Gucci, and Balenciaga now accept crypto payments.
- Singapore Three Arrows Capital 3AC, with $18 billion in assets under management, is facing insolvency after failing to meet margin calls from lenders such as Genesis, Nexo, and Celsius.
Ewpple DeFi Crypto Index Fund (EWD) is up by +2%.
Benchmark index fell by -26%.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) 50% & Decentralized Finance Index (DEFX) 50%
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