📢 Weekly Market Update 05-Aug-22 📢

💱 BTC and ETH long dated vols have increased due to recent buying pressure according to Paradigm

⛽️ WTI has been trading around $90/bbl, its lowest level over the past 6 months

🥷$190m worth of users’ cryptocurrencies were stolen from US firm Nomad. Ethical hackers have returned $9m to the company. Chainalysis estimates that $2bn were stolen from cross-chain bridge hacks this year.

🇳🇬 Nigerians are accumulating cryptocurrencies due to low confidence in Naira leading the exchange rate to fall to record low againt USD on the black market.

💰 Ledger is seeking to raise an additionnal $100m following $380m Series C funding round last year. The firm will be above $1.5bn | The firm Smrti Lab has launched a $90m fund to invest in BTC and ETH.

👩🏻‍🚀 Today in 1930, US astronaut Neil Armstrong was born in Wapakoneta, Ohio.

📅 Inflation data in China, Germany and US (10-Aug), Crude oil inventories (10-Aug), Initial Jobless Claims in the US (11-Aug), GDP data in the UK (12-Aug)