Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market.
Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email to share your personal stories with crypto.
Crypto in a snap
Bitcoin
BTCUSD
lost 4.9% over the past seven days, trading at around $20,497 on Thursday, according to CoinDesk data. Ether
ETHUSD
declined 9% over the seven-day stretch to around $1,174. Meme token Dogecoin
DOGEUSD
retreated 12.5% while another dog-themed token, Shiba Inu
SHIBUSD,
is trading 9.6% lower from seven days ago.
Crypto Metrics
| Biggest Gainers | Price | %7-day return |
| Quant | $94.99 | 53.8% |
| Lido DAO | $0.90 | 46.3% |
| Aave | $87.11 | 38.7% |
| Serum | $1.05 | 38.6% |
| Polygon | $0.69 | 32.2% |
| Source: CoinGecko as of July 14 |
| Biggest Decliners | Price | %7-day return |
| Tenset | $3.29 | -21.8% |
| Evmos | $2.10 | -18.8% |
| Basic Attention | $0.38 | -13.2% |
| Maker | $88.30 | -12.7% |
| eCash | $0.00004 | -10% |
| Source: CoinGecko as of July 14 |
Struggling protocols
After crypto prices crashed, some digital asset protocols could face increasing difficulty continuing operations as their…
