Weekly Crypto Report: Comprehensive Analysis of Blockchain, Bitcoin, Altcoins, ETFs, and More

Breaking News This Week
Federal Reserve Interest Rate Cut Anticipated for March Despite Strong December Retail Sales
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Bitcoin ETF Listings Rejected by Monetary Authority of Singapore
The Monetary Authority of Singapore has declined to list Bitcoin ETFs, stating that cryptocurrencies are not eligible assets for ETFs.
SEC Extends Decision Deadline for Ethereum ETF Proposal
The SEC has extended the deadline for Fidelity’s spot Ethereum ETF proposal to March 5, coinciding with other Bitcoin ETF applications.
Binance Launches Crypto Exchange Services in Thailand
Gulf Binance, a joint venture between Binance and Gulf Innova, has launched crypto exchange services in Thailand for the public.
SEC Aims to Approve Bitcoin ETF-Based Options by End of February
The SEC is working towards potentially approving spot Bitcoin ETF-based options by the end of February.
Ripple Objects to SEC’s Request
Ripple has responded to the SEC’s motion to compel, arguing that it is seeking irrelevant information and challenging the need for new data.
SEC and Coinbase Await Judge’s Decision on Violation of Securities Law
The SEC and Coinbase are awaiting a judge’s decision on whether secondary-market trades of a dozen tokens on the exchange violate securities law.
2. Blockchain Performance
In this section, we will analyze the top-performing blockchains based on their 7-day change and the top performers among the top five blockchains with the highest TVL.
2.1. Top Blockchain Performers by 7-Day Change
Blockchain
7-Day Change (in %)
Mode
+357%
Viction
+185%
PulseChain
+120%
ICP
+109%
DogeChain
+59.50%

Among the top blockchain performers based on 7-day change, Mode leads with an impressive increase of 357%, followed by Viction at 185%. PulseChain demonstrates a notable increase of 120%, while ICP and DogeChain show positive trends with increases of 109% and 59.50%, respectively.
2.2. Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL
Blockchain
7-Day Change
TVL (in Billion)
Ethereum
-0.35%
$32.884b
Tron
-3.49%
$7.827b
BSC
-2.11%
$3.476b
Arbitrum
+1.67%
$2.631b
Solana
+3.19%
$1.362b

In terms of the top-performing blockchains based on 7-day change and highest TVL, Ethereum remains stable with a slight decrease of 0.35%, boasting a substantial TVL of $32.884 billion. Solana shows robust growth with an increase of 3.19%, securing a TVL of $1.362 billion. Other contenders like Arbitrum, Tron, and BSC exhibit varying 7-day changes, ranging from -3.49% to +3.19%.
3. Crypto Market Analysis
3.1. Bitcoin Price and Dominance
Cryptocurrency
Price
Market Cap
Dominance Percentage
7-Day Change in Market Cap
BTC
$41,517.05
$814,183,398,032
47.6%
-3.7%
ETH
$2,472.54
$297,227,466,946
17.47%
-3.1%
USDT
$0.993
$94,931,461,114
5.36%
-0.0%
BNB
$312.61
$48,091,288,144
2.63%
+4.5%
SOL
$91.56
$39,659,679,333
2.33%
-1.2%
XRP
$0.5464
$29,726,797,725
1.76%
-4.8%
ADA
$0.5104
$17,911,980,946
1.09%
-6.9%
DOGE
$0.078
$11,222,007,173
0.65%
-2.7%
Others
21.34%

Bitcoin (BTC) leads with a price of $41,517.05, commanding a substantial market cap of $814.18 billion and a dominance percentage of 47.6%. Its 7-day change in market cap is a negative index of -3.7. Ethereum (ETH) follows with a price of $2,472.54, a market cap of $297.23 billion, and a 7-day change in market cap of -3.1%. Binance Coin (BNB) stands out with a positive 7-day change of +4.5%, priced at $312.61, and a market cap of $48.09 billion.

3.2. Top Gainers & Losers of the Week in Crypto Market
Here is the list of the top gainers and losers of the week in the cryptocurrency market. The analysis is based on the 7-day gain and 7-day loss indexes.
3.2.1. Top Gainers of the Week in Crypto
Cryptocurrency
Price
7-Day Gain
Flare (FLR)
$0.02213
26.62%
Siacoin (SC)
$0.01095
18.13%
Chiliz (CHZ)
$0.09643
14.87%
Ronin (RON)
$2.10
14.57%
Astar (ASTR)
$0.174
14.56%

This week’s top gainers in the crypto space include Flare (FLR) with a 7-day gain of 26.62%, Siacoin (SC) at $0.01095 with an 18.13% increase, Chiliz (CHZ) at $0.09643 showcasing a 14.87% gain, Ronin (RON) with a 14.57% increase at $2.10, and Astar (ASTR) at $0.174 with a 14.56% gain.
3.2.2. Top Losers of the Week in Crypto
Cryptocurrency
Price
7-Day Loss
Sui (SUI)
$1.08
-18.57%
Optimism (OP)
$3.13
-18.40%
Arbitrum (ARB)
$1.79
-17.29%
Bonk (BONK)
$0.00001133
-15.72%
Bitcoin SV (BSV)
$71.57
-15.23%
Ethereum Classic (ETC)
$24.69
-15.22%

This week’s top losers in the cryptocurrency market are led by Sui (SUI) with a 7-day loss of -18.57%, followed closely by Optimism (OP) at $3.13 with an -18.40% decrease. Arbitrum (ARB), Bonk (BONK), Bitcoin SV (BSV), and Ethereum Classic (ETC) also experienced losses ranging from -15.22% to -17.29%, indicating a challenging week for these assets.
3.3. Stablecoin Weekly Analysis
Stablecoin
Market Capitalization (7d)
Market Dominance (7d) [in %]
Trading Volume (7d)
Tether
$94,967,646,331
72.25%
$45,051,204,444
TrueUSD
$1,876,926,357
1.44%
$128,811,385
USDC
$25,524,310,090
19.54%
$7,508,298,350
Dai
$5,166,646,630
3.93%
$157,000,259
Frax
$648,627,425
0.49%
$11,020,426

In the weekly stablecoin performance analysis, Tether (USDT) stands out with a commanding trading volume of $45.05 billion, emphasizing its widespread utility. Tether also holds the highest market capitalization at $94.97 billion, securing a dominant 72.25% market share. USDC follows closely with a notable trading volume of $7.51 billion and a substantial market capitalization of $25.52 billion, commanding a 19.54% market dominance.
4. Bitcoin Spot ETF Weekly Analysis
Bitcoin Spot ETFs
Assets Under Management (in Billion)
Price
Change (Gain)
Grayscale (GBTC)
$28.62B
$37.01
+1.98%
ProShares (BITO)
$2.28B
$20.09
+1.88%
BlackRock (IBIT)
$1.17B
$23.80
+1.97%
Fidelity (FBTC)
$1.02B
$36.49
+2.04%

In this week’s Bitcoin Spot ETF analysis, Grayscale (GBTC) leads with $28.62 billion in Assets Under Management and a price of $37.01. Notably, Fidelity (FBTC) displays a remarkable 2.04% gain, with $1.02 billion AUM and a $36.49 price. ProShares (BITO) and BlackRock (IBIT) also show positive changes at 1.88% and 1.97%, respectively. This reflects a dynamic week, with Fidelity standing out for its impressive gain in value.
5. DeFi Market Weekly Status Analysis
DeFi Protocols
7-Day Change (in Total Value Locked) [in %]
Aladdin DAO
+25212%
INU FAIR
+10852%
Magma Finance
+6066%
Steroids
+5204%
Roketo
+851%

In this week’s DeFi market analysis, impressive growth is observed in Total Value Locked (TVL) across various protocols. Aladdin DAO leads with a remarkable 25212% 7-day change, followed by INU FAIR at 10852%, Magma Finance at 6066%, Steroids at 5204%, and Roketo at 851%.
6. NFT Marketplace: A Basic Weekly Analysis
NFT Marketplaces
7-Day Rolling Volume
7-Day Rolling Trade
Volume Change
Market Share (based on 1-day Volume)
Blur
34705.91
42920
+11.91%
54.19%
Blur Aggregator
19661.24
23917
+35.32%
17.83%
Opensea
10870.06
35894
-6.81%
15.45%
Cryptopunks
2470.67
36
+57.37%
7.89%
Gem
1931.81
7354
-11.34%
1.84%

In this week’s basic analysis of NFT marketplaces, notable trends emerge. Blur and Blur Aggregator show substantial volume increases of 11.91% and 35.32%, respectively, with market shares of 54.19% and 17.83%. In contrast, Opensea experiences a -6.81% volume change but maintains a significant market share of 15.45%. Cryptopunks exhibit a remarkable 57.37% volume change, claiming a 7.89% market share. Gem, however, sees an 11.34% volume change, holding a 1.84% market share.
6.1. Top NFT Collectible Sales this Week
NFT Collectibles
Price (in USD)
CryptoPunk #6912
$475,676.56
CryptoPunk #4506
$349,195.00
Art Blocks #78000643
$243,379.25
Azuki #5889
$236,049.33
CryptoPunks #6889
$227,976,52
In this week’s NFT collectible sales, notable transactions include CryptoPunk #6912 at $475,676.56, followed by CryptoPunk #4506 at $349,195.00. Art Blocks #78000643 secured a significant value of $243,379.25, while Azuki #5889 and CryptoPunks #6889 fetched prices of $236,049.33 and $227,976.52, respectively.
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Weekly Report