Sphynx Labs
3 min readAug 26, 2023

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Weekly Update: August 19- August 25th 2023

I’m seeing red. That’s probably most crypto traders over the past few weeks as the market continues to trend in the red with the Fear and Greed Index reading in the fear side of things right now.

Interest rates likely to rise, 1M liquidated from the market last week, Binance fighting for its life and losing out on their Mastercard. It's a good time for our industry right now. You can get enough doom and gloom anywhere though, and it won’t be forever. Let’s talk about what’s been up with Sphynx.

Current live standings at the time of writing this are as follows:

BTC: $26,058.58
ETH: $1,652.66
BNB: $217.94

So what have we been up to? Well we have our physical crypto card awaiting final approval for design right at this moment. It’s never ideal to have to wait on others, yet we often must in life. At least we will be issuing new cards very soon, which is more than Binance can say (Too soon?).

As a reminder this card will be available worldwide as well, but requires KYC. After applying, your card will be mailed directly to you. We can’t tell you how excited we are to see Sphynx Crypto Cards out in the wild. This has been a dream utility long in the making.

Our time has also been spent making the SPay API as flawless as possible. We have recently started the effort of reachout out to businesses both online and in person to get SPay in as many places as possible. It is our belief that the more crypto is adopted in everyday life, the better off we all will be.

Tyler also gave a project update during the Ninja Lounge X Space on Thursday. Much of the Sphynx Team bandwidth is being focused on the upcoming ETH launch, and with it CEX listings and many different marketing avenues. You can listen to the Space directly here: https://twitter.com/TheNinjaLounge/status/1694801083829481716?s=20

Lastly, the Telegram community was recently moved to a new channel. We did this to allow for a cleaner and more well protected group as we are expecting an influx of members once we launch the ETH Pair.

You can find the new channel here: Sphynx Labs Official Group. AIO Trading Platform and Sphynx DeFi App for Android/iOS.

Portal: https://t.me/sphynxlabs_portal

As we always say, good things take time. We are working to make sure everything we do is made well and released at the right time. We are very excited to get to everything on our list, and we are sure you guys are excited to see it.

Thank you to everyone that believes in Sphynx Labs and the team. We are rolling forward full steam with things no one else is even trying. Once the world knows of us, there is no stopping the train.

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!
Sphynx Labs Links
Website: https://sphynxlabs.co
Telegram: https://t.me/sphynxlabs_portal
Twitter: https://twitter.com/SphynxLabs
Sphynx Mobile App on Apple App Store: https://apps.apple.com/app/sphynx-defi-app/id1626361848
Sphynx Mobile App on Google Play Store: https://play.google.com/store/apps/details?id=com.sphynx

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Sphynx Labs

All-In-One Platform, Supporting 22+ Blockchains. Aggregator, Realtime Charts, Bridges, Mobile Wallet, HyperPools and much more