- News and analysis
- NAGAX Weekly Recap 16 May - 20 May
NAGAX Weekly Recap 16 May - 20 May
It's Friday again, and the time for a quick recap of this week's news.
So, before you go on enjoying your weekend, take a snap below! 📸
Crypto Winter or a New Ice Age? Disaster or Buy-On-The-Dip Opportunity?
The current bear market of 2022 continues to disrupt all cryptocurrencies, including non-fungible tokens (NFT), and the decentralized finance market (DeFi). Many link the crypto winter to the ongoing months-long war between Russia and Ukraine, as well as the US Federal Reserve’s recent interest rate hike. Read more on the blog!
Hot Crypto Drops at NAGAX this Week!
NAGAX is continually giving users the best offering in digital assets. As we continue to push the boundaries and reshape what crypto trading platforms are, we are happy to announce three new digital assets you can buy, sell, and trade at NAGAX! Continue reading for more on these new drops.
‘Huge testing milestone’ for Ethereum
The Ropsten testnet Merge, scheduled on June 8, will be a "major testing milestone" for the Ethereum ecosystem. Ethereum DevOps engineer Parathi Jayanathi filed a pull request for the Ropsten testnet Merge setup code on Monday, according to the Merge test net’s page on GitHub, indicating that the implementation is ready to go.
Someone Just Sold a Bored Ape NFT for 200 USDC
On Sunday, Boredapebot, a Twitter account dedicated to posting sales of Apes from the Bored Ape Yacht Club (BAYC) collection, disclosed that Ape #6462 was sold for a pittance of 200 USDC ($200). With a floor price of 101.75 ETH ($206,000), BAYC is one of the most expensive NFT collections on the market. It might mean that the previous owner mistakenly accepted a 200 USDC offer instead of 200 ETH offer.
That's it for now, see you next week!
Important Notice: Any news, opinions, research, analyses, prices, or other information contained on this feed are provided as general market commentary and do not constitute investment advice or solicitation for a transaction in any financial instrument or unsolicited financial promotions. All material published on the website is intended for informational purposes only. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. We do not make any warranties about the completeness, reliability, and accuracy of this market commentary. Past performance is not an indication of possible future performance. Any action you take upon the information on this feed is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this feed.
Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you can not afford to lose.