Weekly Update: August 13th-19th, 2022

This week in the market has seen an overall positive yet somewhat hesitant trend. Market leaders Bitcoin and Etherium are hovering at $24k and $2k, respectively, while BNB remains over the $300 mark.

For Sphynx specifically, Sphynx BSC has seen a downward trend this week into a consolidation period currently around $5.5M. Sphynx BRC, on the other hand, has seen quite the uptrend from around $600k to $1.3M at the time of this writing. Sphynx CRO continues to hold steady with more buys and sideways trading at $2M.

Sphynx has created an official Facebook group to bring more users to the platform. The group is separate from the official page and is meant to be another place for Sphynx investors to discuss Sphynx and crypto in general. The group will also serve as another option for new users to learn about Sphynx along with Telegram and Discord. You can find the link to the new group here: https://www.facebook.com/groups/sphynxlabs

Tyler and Kolten, the writers for Sphynx Labs, will also begin hosting a weekly Twitter Spaces hangout on the official Twitter every Wednesday at 4 PM UTC. The Spaces will be an informal take on Sphynx and projects adjacent to Sphynx, such as Omnia and Whale Maker Fund. Efforts will also be made to invite different CRO projects to come and talk about their projects to help grow the Cronos Network for everyone.

Assets on the Sphynx Bridges continued to grow this week with the addition of USDC on ETH and USDT on BSC, CRO, BRC, and ETH. The respective pools for each asset on each network are also live and available so that liquidity providers can earn Sphynx. Bridge fees are accruing daily and will be given to Genesis NFT holders.

There is much more to come with Sphynx. Stay tuned for Sphynx’s Weekly Updates posted every Friday or be informed on the Sphynx Telegram, Twitter, and Instagram pages.

Thank you for reading, and have a great week!

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