PRICE CHANGE: WTD/YTD

- BTC ($33,916): +0% / +17%
- ETH ($2,136): -4% / +189%
- XRP ($0.62): -6% / +183%
- UNI ($20): +2% / +316%
- Crypto Market Cap ($1.4T): -1% / +84% 
- BTC Dominance: 45%
- ETH Dominance: 18%

NFT 3M TRADING VOLUMES

STABLECOIN MARKET CAP CHANGE: WTD/YTD

- Tether ($62B): 0% / +197%
- USDC ($26B): +2% / +573%

THIS WEEK IN CRYPTO

- Square is building a secure, user-friendly hardware wallet that is designed for mainstream adoption. The wallet will be noncustodial and will prioritize smartphone use. Link. 

- Crypto company Circle is going public via SPAC, in a deal that values the company at $4.5 billion. Circle was founded in 2013 and created the USDC stablecoin as well as infrastructure products around it. Link. 

- Axie Infinity (AXS) has topped PancakeSwap to become the highest grossing DApp of all last month. The game has netted over $22 million over the last 30 days. Axie Infinity is a blockchain trading and battle game that uses NFT-based creatures called Axies. Link. 

- A team at JPMorgan said that El Salvador's daily payment activity could represent ~4% of recent on-chain transaction volume and more than 1% of the total value of tokens which have been transferred between wallets this year. Some people are worried that El Salvador's declaration of bitcoin as legal tender could lead to significant congestion on the network. Link. 

- DeFi startup Zerion raised an $8.2 million Series A led by Mosaic Ventures and with participation from DCG, Lightspeed and Blockchain.com. Zerion streamlines DeFi UI and allows users to trade and manage their portfolio from one place. The company processed more than $600 million in transaction volume so far this year. Link. 

- TikTok has stopped ads for financial products including investments and cryptocurrency. Link. 

- Ash Egan, ex-Accomplice partner, announced a $55 million debut solo GP fund. Ash has been investing heavily in the crypto space since 2015, investing in companies like Chainalysis and BlockFi. Link. 

- Bank of America has launched a new research team dedicated to covering the crypto market as well as new tech tied to digital currencies. Link. 

- Over $1 billion has been spent via Visa's crypto-linked cards in the first 6 months of the year. Visa also grew its active crypto partnerships over 43%, with crypto exchange FTX becoming the latest firm to partner with the giant. Visa recently became the first payments network to use the USDC stablecoin to settle a transaction. Link. 

- Over $1 billion has been spent on crypto-linked Visa cards in the first six months of this year. The company has also inked 50 corporate crypto partnerships to date, with crypto exchange FTX being the latest. Visa also recently became the first major payments network to use the USDC stablecoin for settlements. It has also said it would support payments with central bnak digital currencies in the future. Link. 

- Proposed legislation in New York would require public officials in the state to disclose crypto holdings above $1,000 on an annual basis. Link. 

- Proposed legislation in Argentina would let any worker receive some or all of their salary in crypto. Link.