Last Week in Review: Luno’s turning 10, and it seems like inflation is sticking around

The highlights from last week’s headline grabbers. All the important news, numbers and events from the world of crypto in one place. 

News from the block

🎂 Luno’s celebrating 10 years in crypto

• We’re celebrating a decade in the crypto industry, a huge milestone for any company but even more so for one in crypto where things happen a little faster. 
  

• Luno’s been the sensible voice in crypto for more than 10 years as we continue with our mission to put the power of crypto in everyone’s hands, and doing this safely and responsibly.  
  

• Stay tuned to our social channels and check your mail for upcoming competitions and bitcoin giveaways to celebrate our decade in crypto.  
  

💎 Ether staking ratio nears key milestone 

• Staking on Ethereum neared 20% of all ETH locked up in staking contracts, according to blockchain data. 
  

• “Investors have deposited 23.9 million of ETH to Ethereum’s staking network, including tokens committed and waiting in a queue,” according to CoinDesk. 
  

• Deposits have outpaced ETH withdrawals by 4.5 million.
  

🕸️ Inflation proved sticky, again

• Private sector jobs in the US increased by 497,000 in June, according to data from payroll processing firm ADP, in the biggest monthly gain since July 2022, as reported by CNBC.
  
  
• “The market clearly would have preferred an in-line number,” said John Lynch, chief investment officer at Comerica Wealth Management. “But because it was more than double expectations, that really ratchets up the fear factor that the Fed would have to be more aggressive.”
  

🦧 Rare Bored Ape NFT sells for record lows

• The second rarest Bored Ape Yacht Club NFT sold for 200 ETH last week, roughly $372,000, far below peak prices, as reported by The Block. 
  

• “In the past, apes with similar traits have been sold for millions of dollars. The record sale, brokered by Sotheby’s in 2021, was $3.4 million,” according to the publication. 
  

• “We’re not interested in monitoring the purchase or sale of our collections on marketplaces because it has no impact on what we’re doing at Yuga,” a spokesperson told The Block.

---

TL;DID read

7 ways crypto could shake things up in the next 10 years 

---

Crunching the numbers

🔺 20% – Staking on Ethereum is nearing this key staking ratio. 

🔻 $372,000 – The price at which the second-rarest Bored Ape NFT sold recently. 

🤑 $3.4 million – The record price at which similar NFTs were sold in the past. 

⛏️ 10% – The size of the stake asset manager Vanguard Group purchased in Bitcoin miner Riot Platforms, signalling the investor’s expectation of future profitability in the sector. 

---

Crypto trivia

Follow our journey through 10 years in crypto, the highs, the lows and everything in between.