Weekly Crypto Report: Hacks, Market Trends, and the Latest in Blockchain and Web3 Unveiled
Welcome to our comprehensive source for all things Web3, Blockchain, and Crypto! Our Weekly report is here to keep you up to date with the latest news, trends, and developments in the fast-moving world of Web3. We gather the most reliable data from trusted sources to ensure you stay ahead of the curve. So, let’s dive into the latest updates and insights together!
1. Breaking News in Web3, Blockchain & Crypto This Week
Here are the major breaking news reports related to Web3, Blockchain, and crypto that you should definitely pay attention to:
– DMM Bitcoin, a Japanese crypto exchange, suffered a hack and lost $305 million worth of 4,502.9 bitcoins. The exchange is currently investigating the incident and implementing measures to prevent future attacks.
– Riot Platforms is seeking to acquire Bitfarms Ltd., with plans for a public takeover offer despite Bitfarms’ board rejection. Riot Platforms currently owns 9.25% of Bitfarms.
– Ramp, a crypto-to-fiat service, has expanded its services across Europe. It now supports SEPA money transfers and over 35 local currencies, allowing for seamless crypto cash-outs directly to credit and debit cards.
– ENS Labs has proposed expanding the Ethereum Name Service to layer-2 scaling, making ‘eth’ names more affordable and accessible. However, no specific layer-2 network has been chosen yet.
– Former FTX Co-CEO Ryan Salame has been sentenced to 90 months in prison for illegal political contributions and unlicensed money-transmitting business conspiracies.
– The Artificial Superintelligence Alliance (ASI Alliance) has finalized its merger, bringing together Fetch.ai, SingularityNET, and Ocean Protocol. The ASI Alliance has also launched the ASI token, aiming to enhance AI network scalability.
– Officials from Argentina and El Salvador have met to discuss enhancing Bitcoin adoption and leveraging El Salvador’s experience with digital assets.
– Donald Trump has expressed opposition to the creation of a central bank digital currency in the US if re-elected, making cryptocurrency a key election issue.
– Caitlyn Jenner has promoted $JENNER, a meme coin on the Solana-based DEX pump.fun. Despite community skepticism, the coin has reached a market cap of over $24 million.
– Hong Kong’s Privacy Commissioner for Personal Data (PCPD) has ordered Worldcoin to halt its operations due to excessive biometric data collection, which violates local privacy laws.
2. Weekly Analysis of Blockchain
Our blockchain analysis focuses on dominance and 7-day change. We analyze Layer 1 chains and Layer 2 chains separately to provide more clarity.
2.1. Dominance Analysis
The top five blockchains, based on dominance and Total Value Locked (TVL), are as follows:
– Ethereum dominates the market with a dominance of 64.85%. TRON and BNB Smart Chain follow with 8.21% and 5.25% dominance, respectively. Solana and Arbitrum One mark 4.76% and 3.08% dominance, respectively.
2.1.1. Top Five Layer 1 Chains By Dominance
Among the top five Layer 1 chains, Ethereum dominates with 81.35%. BNB Smart Chain and Solana follow with 6.58% and 5.97% dominance, respectively. Bitcoin records 1.42% dominance, and Avalanche reports 1.14% dominance.
2.1.2. Top Five Layer 2 Chains By Dominance
Among the top five Layer 2 chains, Arbitrum One dominates with 28.51%. Blast and Base closely follow with 20.68% and 16.04%, respectively. Polygon POS shows a dominance of 8.71%, and Optimism registers a dominance of 7.67%.
2.2. 7-Day Change Analysis
Let’s analyze the top five Layer 1 chains and Layer 2 chains using the 7-day change index.
2.2.1. Layer 1 Blockchains 7-Day Change
Among the top five Layer 1 chains, only Ethereum and Solana show a positive 7-day change of +1.8% and +1.3%, respectively. Avalanche, BNB Smart Chain, and Bitcoin display a negative 7-day change, with Avalanche showing the highest negative change of -8.5%.
2.2.2. Layer 2 Blockchains 7-Day Change
Among the top five Layer 2 chains, at least three chains show a positive 7-day change. The highest positive change is marked by Blast with +19.4%. Base and Arbitrum One follow with +2.6% and +1.7%, respectively. Optimism showcases the highest negative 7-day change of -3.3%, and Polygon POS follows with -2.7%.
3. Cryptocurrency Weekly Analysis
Our cryptocurrency analysis covers various categories, including market cap analysis, top gainers and losers, stablecoins, memecoins, AI coins, and metaverse coins.
3.1. Top Cryptocurrency Categories By Market Cap
The top five cryptocurrency categories, based on market cap, are Layer 1 (LI), Smart Contract Platform, Andreessen Horowitz Portfolio, Alameda Research Portfolio, and Alleged SEC Securities. Layer 1 (L1) has the highest market cap of $2,088,167,099,227, followed by the Smart Contract Platform category with $770,415,441,846.
3.1.1. Trending Categories This Week
The top six trending categories this week are PolitiFi, Pantera Capital Portfolio, Alleged SEC Securities, DePIN, Smart Contract Platform, and DWF Labs Portfolio. The Smart Contract Platform category has the highest market cap of $770,357,776,148, followed by Alleged SEC Securities with $246,840,741,279.
3.2. Top Cryptocurrencies By Market Cap
The top five cryptocurrencies by market cap are Bitcoin, Ethereum, Tether, BNB, and Solana. Bitcoin has the highest market cap of $1,333,856,983,170, followed by Ethereum with $454,960,182,691.
3.2.1. Trending Coins This Week
The top five trending cryptocurrencies this week are MANTRA, Notcoin, Foxy, JasmyCoin, and Pepe. Pepe, a popular Memecoin, has the highest market cap of $6,419,889,652, followed by JasmyCoin with $1,770,142,107.
3.2.2. Top Gainers & Losers This Week
The top gainers this week are Beercoin, Super Trump, MINATIVERSE, LandWolf, and Notcoin. The top losers are Harambe on Solana, Apu Apustaja, The Doge NFT, OpSec, and enqAI.
3.3. Top Stablecoins Analysis
The top five stablecoins are Tether, USDC, Dai, Ethena USDe, and First Digital USD. Tether has the highest market cap of $111,812,258,509.
3.4. Top Memecoins 7-Day Change Analysis
The top five memecoins are Dogecoin, Shiba Inu, Pepe, dogwifhat, and FLOKI. Dogecoin has a negative 7-day change, while dogwifhat and FLOKI have the highest positive 7-day change.
3.5. Top AI Coins 7-Day Change Analysis
The top five AI coins are NEAR Protocol, Internet Computer, Fetch.ai, Render, and The Graph. All the top five AI coins show a negative 7-day change.
3.6. Top Metaverse Coins 7-Day Change Analysis
The top five metaverse coins are Render, FLOKI, Axie Infinity, The Sandbox, and Decentraland. Only FLOKI shows a positive 7-day change, while the others show a negative change.
4. Crypto ETF Weekly Analysis
Our crypto ETF analysis covers Bitcoin Spot ETFs, Bitcoin Futures ETFs, and Ethereum Futures ETFs.
4.1. Bitcoin Spot ETF Price Change Analysis
The top five Bitcoin Spot ETFs, based on Asset Under Management (AUM), are Grayscale (GBTC), BlackRock (IBIT), Fidelity (FBTC), Ark/21 Shares (ARKB), and Bitwise (BITB). All the top five Bitcoin Spot ETFs show a negative price change.
4.2. Bitcoin Futures ETF Price Change Analysis
The top five Bitcoin Futures ETFs, based on 24-hour open interest, are ProShares (BITO), VanEck (XBTF), Valkyrie (BTF), Global X (BITS), and Ark/21 Shares (ARKA). At least two Bitcoin Futures ETFs show a positive price change.
4.3. Ethereum Futures ETF Price Change Analysis
The top five Ethereum Futures ETFs, based on 24-hour open interest, are Bitwise (BITW), Valkyrie (BTF), VanEck (EFUT), ProShares (EETH), and Bitwise (AETH). All the top five Ethereum Futures ETFs show a positive price change.
5. DeFi Protocols Weekly Analysis
The top five DeFi protocols, based on Total Value Locked (TVL), are Lido, EigenLayer, AAVE, Maker, and JustLend. At least three of the top five protocols show a positive 7-day change.
6. Crypto Exchange Weekly Analysis
6.1. Top Crypto Centralised Exchanges
The top five crypto centralised exchanges, based on Monthly Visits, are Binance, Coinbase Exchange, Bybit, WhiteBIT, and OKX. Among these exchanges, Coinbase Exchange, Bybit, and OKX show a high trust score.
6.2. Top Crypto Decentralised Exchanges
The top five crypto decentralised exchanges, based on Market Share by Volume, are Uniswap V3 (Ethereum), Jupiter, Orca, Uniswap V3 (Arbitrum One), and Rydium. Uniswap V3 (Ethereum) has the highest market share by volume.
6.3. Top Crypto Derivative Exchanges
The top five crypto derivative exchanges, based on 24-hour open interest, are Binance (Futures), Bybit (Futures), Deepcoin (Derivatives), Bitget Futures, and CoinW (Futures). Binance (Futures) has the highest 24-hour Open Interest.
7. NFT Marketplace Weekly Analysis
The top five NFT marketplaces, based on Market Share, are Blur, Blur Aggregator, Cryptopunks, Gem, and X2Y2. Blur has the highest market share.
7.1. Top NFT Collectibles This Week
The top five NFT collectibles, based on price, are Azuki #3374, $ORDI BRC-20 NFTs #8b1e444e, BOOGLE #Ai822dfBR7, CryptoPunks #9461, and CryptoPunks #1714. Azuki #3374 has the highest price.
8. Web3, Blockchain & Crypto Funding Analysis
8.1. Crypto Fundraising Trend
The crypto sector has raised nearly $348.10M this week, higher than the previous week’s total of $250.47M.
8.2. Most Active Investors This Week
The most active investors this week are Animoca Brands, DWF Labs, Blockchain Founders Fund, SNZ Holdings, and The Spartan. Animoca Brands has the highest number of deals.
8.3. Crypto Fundraising By Category
The top fundraising categories this week are Blockchain Infrastructure, Blockchain Services, CeFi, Chain, DeFi, GameFi, NFT, and Social. Blockchain Services is the category that raised the highest amount.
8.4. Top Crypto Investment Locations
The top crypto investment locations this week are Singapore, the US, China, Switzerland, Cayman Islands, and Colombia. Singapore has the highest funds raised.
8.5. Most Active Crypto VC Jurisdictions
The most active crypto venture capital jurisdictions this week are the US, Singapore, China, the UK, Switzerland, and the UAE. The US has the highest number of projects.
9. Web 3, Blockchain & Crypto Hack Updates
The total value hacked in the crypto sector is $8.2B. The total value hacked in DeFi is $5.96B, and the total value hacked in Bridges is $2.83B. The top five project hacks reported this month include DMM Bitcoin, Gala, ALEX, pump.fun, and Sonne Finance.
That concludes our comprehensive analysis of the latest developments in the Web3, Blockchain, and Crypto space. Stay tuned for more updates and insights in the coming weeks!