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Archived coverage · Forkast crypto archive
Market Analysis
Bitcoin briefly fell to US$26,166 this week, as BRC-20 memecoins flooded the blockchain, raising network congestion issues. Market analysts told Forkast that a weekly close under US$26,111 signals more bearish momentum
Zoltan Vardai
Investment Insights
Henan Cultural Tourism Investment Group, a state-owned investment enterprise in Central China’s Henan province, has set up a 150 million yuan private equity investment fund to finance metaverse ventures.
Timmy Shen
Investment Insights
New York-based investment bank H.C. Wainwright has initiated a “buy” rating on publicly traded Coinbase Global Inc., the largest cryptocurrency exchange in the U.S., saying the company is poised to benefit from growth in the global digital asset economy as the so-called “crypto winter” of falling prices is over.
Timmy Shen
Investment Insights
Franklin Templeton said Wednesday that its OnChain U.S. Government Money Fund is now supported on the Polygon network.
Danny Park
Investment Insights
Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg said the social media giant is not moving away from its metaverse focus despite reporting repeated losses in the billions of dollars at its division dedicated to developing the virtual reality online world.
Timmy Shen
Market Analysis
The culture of collecting unique digital assets may be here to stay, but data suggests that NFT prices may continue to fall.
Yehudah Petscher
Market Trends
The French government announced a public consultation on “virtual immersive universes,” or the metaverse.
Danny Park
Market Trends
Nasdaq-listed Equinix and Indonesian conglomerate Astra International have set up a joint venture to help local businesses and multinationals capitalize on emerging technologies.
Pradipta Mukherjee
Market Trends
Paul Chan said it is the right time for the city’s Web3 push ahead of Hong Kong’s busy week of blockchain and finance gatherings.
Forkast.News
Market Analysis
Entertainment conglomerate Walt Disney Co. has reportedly scrapped its metaverse plans as part of its decision to lay off 7,000 employees and reduce US$5.5 billion in expenses.
Pradipta Mukherjee
