Most financial markets have been heavily impacted by the widespread transmission of coronavirus and failed oil negotiations between Russia and OPEC. The sell-off has even affected traditional safe-haven assets, like gold. Moreover, its crypto equivalents are falling just as hard.

With millions of people worldwide forced into quarantine at home, Crypto.com has launched an initiative to support and promote online shopping.

The payments and cryptocurrency platform has launched a campaign offering 2X Pay Rewards when shoppers use Crypto.com gift cards to buy goods from grocers, food delivery services, department stores, and other merchants.

The service, intended to support people in quarantine who are “staying home and shopping online,” is available in 24 countries around the world.

After Maker network’s $4 million undercapitalization debacle let users win collateral auctions for free, an emergency executive vote went through to add USDC as a form of collateral to mint DAI.

Zilliqa, a notable Ethereum competitor, has announced that it is working with Switcheo to build a decentralized exchange (DEX) for its blockchain.

Switcheo itself is a NEO-based decentralized exchange with additional support for Ethereum and EOS tokens, meaning that this will unite multiple blockchain ecosystems.

Investors who took a chance on some of Set Protocol‘s trading algorithms will find their crypto wealth slightly greener as most automated token Sets closed last week with a 40% gain over Ether. 

By rebalancing into stablecoins when technical indicators turned bearish, Set helped investors set emotions aside and make data-based investment decisions. 

Delta Exchange announced the launch of XAUT (Tether Gold) Perpetual Contracts, with 20x leveraged trading against Tether USDT.

Delta’s new trading product will allow traders to hedge against market risk, by purchasing Tether Gold futures contracts with leverage. The futures were launched yesterday.

On the launch, CEO of Delta, Pankaj Balani said:

Bakkt, Intercontinental Exchange’s Bitcoin derivatives trading platform, has closed a $300 million Series B financing round.

Investors that participated in the round include the Intercontinental Exchange, Microsoft’s M12, PayU, and Pantera Capital, bringing the total raised capital to over $482 million.

Blockchain collectibles game Axie Infinity has added Kyber Network Crystals to its rewards. The Season 2 of the game allows anyone who owns 3 Axies to earn KNC from Arena battles.

Ethereum-based collectibles game Axie Infinity will begin offering its users financial incentives in Kyber Network Crystals (KNC). According to the company’s announcement, the Season 2 version of the game will allow anyone with at least 3 of the game’s collectible pets, called Axies, to earn KNC from Arena Battles.

Cryptocurrency exchange Bitfinex has listed a Bahamas-based hedge fund, Fulgur Alpha, for institutional investors. Paolo Ardoino, CTO of Bitfinex, said the fund will trade almost exclusively on the platform to leverage the exchange’s high liquidity.

In a first, an institutional fund is being listed on a cryptocurrency exchange. 

Self-quarantine measures may have dampened many economic activities, but SpankChain volumes suggest online porn may be benefiting.