Weekly Top Crypto News: ETFs, Blockchain Advancements, Altcoin Surges, and Bitcoin Trends
This report provides an in-depth analysis of the major developments in the Web3, Blockchain, and Crypto sector that occurred this week. The report covers breaking news, blockchain performance, crypto market analysis, Bitcoin ETF analysis, DeFi market analysis, NFT marketplace analysis, web3 funding analysis, and blockchain hack analysis.
Breaking News This Week:
1. Warning Issued to Shiba Inu Community Amid Rising Phishing Scams
The marketing strategist for Shiba Inu alerts users about phishing links from hacked accounts and emphasizes caution when connecting wallets to suspicious websites.
2. Former FTX CEO Sam Bankman-Fried Receives 25-Year Sentence
Sam Bankman-Fried, the founder of FTX exchange, has been sentenced to 25 years in prison for criminal charges. This marks a significant development in the legal landscape for cryptocurrency executives and their accountability.
3. New Staking ETP Launched to Capitalize on Toncoin Growth
A prominent ETP issuer has launched a new product that allows investors to stake Toncoin and benefit from The Open Network’s expansion.
4. Hashdex Bitcoin Futures ETF Renamed to Hashdex Bitcoin ETF
Hashdex has collaborated with Tidal Investments LLC to rename its Bitcoin Futures ETF to a spot ETF, trading under the ticker ‘DEFI.’ This move aims to align the fund with spot market dynamics.
5. Concerns Raised Over SEC’s Approach to Ethereum Regulation
US congressional committees have expressed concerns about the SEC’s handling of Ethereum regulation, particularly in response to Prometheum’s plans for institutional custody services.
6. Munchables Hacker Returns Stolen Funds
The hacker responsible for the Munchables exploit has returned stolen Ether worth $62 million. Speculations arise about the hacker’s possible ties to North Korea.
7. Consolidation of 2010 Bitcoin Reward Raises Speculation
An unidentified entity has consolidated 2,000 Bitcoin mined in 2010 into a single wallet, attracting attention within the cryptocurrency community. This consolidation sparks speculations about the motivations behind the move.
8. COTI and Civic Partner to Enhance Digital Identity Management
COTI and Civic have announced a partnership to empower users with confidentiality and self-sovereignty over their digital identities. This alliance aims to advance decentralized identity management.
9. Leading AI and Web 3 Companies Merge Tokens to Advance Superintelligence
Fetch.AI, SingularityNET, and Ocean Protocol have merged their native tokens into ASI, owned by the Superintelligence Collective, to advance artificial superintelligence research.
10. Tether Embraces AI Expansion to Enhance Stablecoin Technology
Tether has announced plans to intensify its focus on artificial intelligence to enhance efficiency and accessibility in the technology sector.
11. Worldcoin’s Eyeball Scan Project Draws Regulatory Scrutiny in Europe
Worldcoin’s “proof of personhood” project faces scrutiny over its biometric data collection method in Europe. Portugal’s CNPD has instructed a 90-day pause on data collection.
12. CommEX Crypto Exchange Ceases Russian Operations Amid Regulatory Pressure
CommEX, which took over Binance’s Russian operations, has announced its exit from the country. This decision aligns with Binance’s departure plan initiated in 2023.
13. Judge Sanctions SEC for Misconduct in Cryptocurrency Firm Case
U.S. District Judge Rober Shelby has imposed sanctions on the SEC for serious misconduct in the DEBT Box legal action. The ruling criticizes the SEC’s handling, highlighting concerns about abuse of power.
14. UN Report Reveals North Korea’s Cyberattack Involvement in Cryptocurrency
The UN Security Council has released a report revealing North Korea’s significant earnings from cyberattacks, with 50% attributed to cryptocurrency-related activities.
Blockchain Performance:
This section analyzes the top-performing blockchains based on their 7-day change and the top performers among the top five blockchains with the highest TVL.
Top Blockchain Performers by 7-Day Change:
– Kardia: +1664%
– Chiliz: +705%
– BEVM: +419%
– zkLink: +239%
– Merlin: +143%
Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL:
– Ethereum: +9.0%
– TRON: +8.8%
– BNB Smart Chain: +7.6%
– Solana: +22.8%
– Arbitrum One: +8.5%
Crypto Market Analysis:
This section provides an analysis of the 7-day price change and dominance of the top cryptocurrencies, as well as the top gainers and losers in the market.
Crypto 7-Day Price Change and Dominance Analysis:
– Bitcoin: +9.7%
– Ethereum: +5.6%
– Tether: +0.1%
– BNB: +10.7%
– Solana: +15.6%
Top Gainers of the Week in Crypto:
– dogwifhat: +102.97%
– Core: +100.69%
– Mantle: +58.50%
– GateToken: +44.41%
– Bitcoin Cash: +40.81%
Top Losers of the Week in Crypto:
– KuCoin Token: -22.67%
– Bittensor: -12.26%
– Fantom: -9.93%
– Akash Network: -2.87%
– Kaspa: -2.62%
Stablecoin Weekly Analysis:
This section analyzes the market dominance, market capitalization, and trading volume of the top stablecoins.
Stablecoin Weekly Price Analysis:
– Tether: +0.1%
– USDC: +0.1%
– Dai: +0.1%
– First Digital USD: +0.7%
– Ethena USDe: +0.4%
Bitcoin ETF Weekly Analysis:
This section analyzes the performance of Bitcoin Futures ETFs and Bitcoin Spot ETFs.
Bitcoin Futures ETF Weekly Analysis:
– ProShares: +3.33%
– VanEck: +0.33%
– Valkyrie: +2.87%
– Global X: +1.74%
– Ark/21 Shares: +3.13%
Bitcoin Spot ETF Weekly Analysis:
– Grayscale: +3.24%
– BlackRock: +3.42%
– Fidelity: +3.36%
– Ark/21 Shares: +3.32%
– Bitwise: +3.34%
DeFi Market Weekly Status Analysis:
This section analyzes the performance of the top DeFi protocols based on TVL.
DeFi Market Weekly Status Analysis:
– Lido: +4.36%
– EigenLayer: +8.08%
– AAVE: +7.09%
– Maker: +2.65%
– JustLend: +7.29%
NFT Marketplace: A Basic Weekly Analysis:
This section analyzes the performance of the top NFT marketplaces based on market share.
NFT Marketplace: A Basic Weekly Analysis:
– Blur: -6.20%
– Blur Aggregator: -36.52%
– Opensea: -38.46%
– Gem: -32.72%
– Cryptopunks: -88.76%
Top NFT Collectible Sales this Week:
– Uncategorised Ordinals #110fc35f: $276,665.31
– DeezNode #CqP3D8CT: $214,876.64
– DeezNode #YRJey6fpAggA1: $214,285.29
– CryptoPunks #5930: $213,568.45
– Bitcoin Rocks #36b95b0d: $204,556.35
Web3 Weekly Funding Analysis:
This section analyzes the funding received by ICOs that ended this week.
ICO Landscape: A Weekly Overview:
– Pundu: $3,100,000
– OrangeDX: $2,240,000
– Unibit: N/A
– ANote Music: $700,000
– GAIMIN: $1,460,000
– Bondex: $4,000,000
– BitBrawl: $3,670,000
Weekly Blockchain Hack Analysis:
This section provides an overview of the amount of money lost to hackers in the Web3, blockchain, and crypto world.
Weekly Blockchain Hack Analysis:
– Total amount lost: $7.77 billion
– Amount lost from DeFi platforms: $5.85 billion
– Amount lost from bridges: $2.83 billion
This week, three major hacks occurred, resulting in significant losses:
– Lava: $0.34 million
– Prisma Finance: $11.6 million
– Munchables: $62.5 million (funds returned by the hacker)
In conclusion, this comprehensive analysis provides valuable insights into the Web3, Blockchain, and Crypto sector. Stakeholders can use this data to stay informed about market developments and make data-driven decisions as the landscape continues to evolve.