CryptoDaily Briefs

Daily Brief Crypto: It’s Merge Week and more

In today’s briefing:

  • It’s Merge Week
  • Sporting Crypto – September 12th 2022: NBA Sign Multiyear Sorare Deal

It’s Merge Week

By Kaiko

  • Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%. 
  • Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.
  • Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.

Sporting Crypto – September 12th 2022: NBA Sign Multiyear Sorare Deal

By Sporting Crypto

  • The NBA, and NBPA (National Basketball Player’s Association) have signed a multi year deal with Sorare, to create the basketball league’s first NFT fantasy game.
  • Before we talk about the NBA’s ventures into Web3, let’s remind ourselves of just how well Sorare have done over the past three years.
  • Sorare, who started as an NFT Soccer fantasy game, have raised incredible sums of money including a $50m Series A which broke french tech records, followed by a $680m Series B raise led by none other than Softbank.

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