What’s changed in GameFi in the last month? – July Report

While the previous bull market saw hundreds of play-to-earn games launched, only a few were able to maintain a steady user base as the market declined. This became apparent in July, when activity continued to fall. However, the trying market conditions also highlighted the handful of titles that managed to stand out. Splinterlands is one…

What’s behind Synthetix (SNX) unusually strong summer?

The Synthetix protocol, which was launched in September 2017, allows users to mint and trade derivative tokens called Synths. Recent integrations and upcoming releases have significantly strengthened Synthetix protocol’s position: Recent integration with 1inch is driving up the utilization of the protocol on ETH mainnet Several protocols integrated with Synthetix on Optimism, a L2 solution…

Research: Miner data shows Bitcoin could have bottomed

Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique…

Bitcoin sees minor sell off after US payroll data beats expectations

The U.S Bureau of Labor Statistics (BLS) released its nonfarm payroll showing employment had increased by 528,000 in July. This was more than twice Wall Street’s expectations of a 258,000 increase. According to the figures, U.S unemployment now stands at 3.5%, beating analysts’ expectations of a 3.6% unemployment rate. Stocks and Bitcoin initially reacted negatively…

Conservative leadership race has U.K global crypto hub ambitions in limbo

The shock resignation of Rishi Sunak on July 5 has cast uncertainty on the future direction of crypto in the United Kingdom In the months before his resignation, the former Chancellor spearheaded several policies to turn the country into a global crypto hub. This included payment regulation reform to recognize stablecoins as a valid payment,…

Retail investors were responsible for Bitcoin’s best run since October 2021

Retail investors are piling into Bitcoin despite continued regulation and price uncertainty, according to Barrons. Since July 13, Bitcoin has been trending upwards, growing in value by 18%. Having peaked at $24,700 on July 30, the uptrend was cut short. Nonetheless, this performance was BTC’s best run of form since October 2021. Bitcoin price action…

Chainalysis reports $2B lost in cross-chain bridge hacks

Research conducted by blockchain data platform Chainalysis estimated that $2 billion was lost from cross-chain bridge hacks so far in 2022. Chainalysis stated in the report that the issue now “represents a significant threat to building trust in blockchain technology.” Moreover, researchers said bridge hacks are favored by North Korean hackers, who are estimated to…