Weekly Update: Nov 4th-10th, 2022.

Sphynx Labs
2 min readNov 12, 2022

It was a week that will be hard to forget in the crypto community. Bitcoin’s price hit a two-year low early on November 9th, 2022, and the market capitalization of all cryptocurrencies dropped by almost 10% in the previous day, from $980 billion to $880 billion.

The reasoning was created by the binding agreement between the two biggest cryptocurrency exchanges, Binance and FTX, and Binance liquidating any remaining FTT on their books.

Even though the Market seems gloomy, the team of Sphynx Labs are not concerned as they keep pushing forward to continue developing, innovating, and networking.

This past week, Sphynx Labs has reached a major milestone by minting every NFT on each chain! Scion holders have access to Whitelist places for any Tier 2 IDOs, as well as any Premier IDOs held on the Sphynx Launchpad, by staking their Scions. If you feel like you missed out, don’t worry. You can buy Sphynx NFTs on the Secondary Market, which will soon be accessible through the Sphynx Labs NFT Marketplace!

Omniaverse’s $BLOCK token is available to bridge. Easily bridge $BLOCK from BSC to the Apex Chain and vice versa. The Sphynx Bridge link is provided below. https://thesphynx.co/bridge/56

On the BSC side of the Sphynx dApp, a new staking pool for the Drunk Skunks Drinking Club $STINK token is now operational. Earn extra $STINK by being among the first to stake. https://thesphynx.co/pools/56

To read more about the recent price fall in the crypto market, read this article. https://www.linkedin.com/feed/update/urn:li:activity:6996178278394781696

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!

Sphynx Labs Links
Website: https://sphynxlabs.co
Telegram: https://t.me/sphynxlabs
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



Sphynx Labs

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