This analysis report, underpinned by substantial data, summarizes the notable progressions in the Web3, Blockchain, and Crypto domain observed this week.
1. Key News Highlights
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SEC Attorneys Resign Amid Sanctions in Crypto Fund Case
Two SEC attorneys resigned post a federal judge’s sanctions against the agency in a $49 million crypto fraud case involving Digital Licensing Inc. -
BlackRock’s IBIT Fund Achieves 70-Day Daily Inflow Streak
BlackRock’s IBIT fund accomplished a 70-day streak of daily inflows, ranking it among the top ten longest streaks among U.S. exchange-traded funds. -
Scammers Abandon Solana Meme Coin Projects After Huge Profits
Twelve Solana presale meme coin projects were deserted, leading to a $26.7 million loss for investors. -
Shiba Inu Raises $12 Million for Blockchain Security and Expansion
Shiba Inu secured $12 million from non-U.S. investors to bolster blockchain development and regulatory compliance. -
Grayscale Submits Application for Smaller Bitcoin ETF With Competitive Fees
Grayscale filed for a smaller Bitcoin ETF, the Bitcoin Mini Trust, featuring a 0.15% fee. -
NYSE Explores Round-The-Clock Stock Trading, Similar to Crypto Exchanges
The New York Stock Exchange explored the feasibility of 24⁄7 stock trading, akin to crypto exchanges. -
Railgun Denies Allegations of Laundering by North Korean Entities
Crypto privacy protocol Railgun dismissed accusations of being utilized for money laundering by sanctioned entities. -
Kraken Introduces Self-Custodial Mobile Wallet for Crypto and NFTs
Kraken launched its self-custodial mobile wallet, Kraken Wallet, supporting various digital assets. -
Akira Ransomware Group Linked to Over 250 Global Breaches
The Akira ransomware group breached 250 organizations, accumulating nearly $42 million in ransom payments. -
Hong Kong Authorities Arrest 70 in JPEX Crypto Scandal
Over 70 individuals associated with the HK$1.6 billion JPEX cryptocurrency scandal were apprehended in Hong Kong. -
Ernst & Young Unveils Ethereum Solution for Business Contracts
Ernst & Young revealed OpsChain Contract Manager, an Ethereum solution for managing business agreements. -
“Jay Mazini” Sentenced to Seven Years for Crypto Fraud
Jabara Igbara, aka “Jay Mazini,” received a seven-year prison term for wire fraud and money laundering. -
Bitcoin Rollups Enable Unlimited Smart Contract Functionality
A new whitepaper from BitcoinOS outlines a system enabling rollups on Bitcoin, facilitating limitless smart contract functionality. -
Nubank Enables Bitcoin Withdrawal and Deposit Feature
Nubank now allows customers to send and receive Bitcoin, Ethereum, and Solana via its app. -
Tether Freezes Wallets Linked to Venezuela’s Oil Sanctions Bypass
Tether froze wallets associated with Venezuela’s efforts to circumvent U.S. sanctions on oil exports. -
Binance Founder Faces DOJ’s Recommended Three-Year Prison Term
The U.S. DOJ proposed a three-year prison sentence for Binance founder Changpeng Zhao for violating the Bank Secrecy Act. -
SEC Requests $5.3 Billion Payment from Terra and Do Kwon
The SEC demanded Terraform Labs and founder Do Kwon to pay $5.3 billion for damages related to their unsuccessful Terra blockchain.
2. Blockchain Performance
2.1. Top Blockchain Performers by 7-Day Change
This week’s top blockchain performers based on their 7-day change include Chiliz, Filecoin, Near Protocol, Scroll, and Wemix Network.
| Blockchain | 7-Day Change (in %) | TVL |
|---|---|---|
| Chiliz | +182.0% | $643,248 |
| Filecoin | +48.7% | $49,755,949 |
| Near Protocol | +22.5% | $307,052,493 |
| Scroll | +21.4% | $73,337,100 |
| Wemix Network | +17.6% | $14,487,976 |
2.2. Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL
Among the top five blockchains, Ethereum and TRON demonstrated positive changes in their dominance percentage.
| Blockchain | Dominance (in %) | 7d Change (in %) | TVL |
|---|---|---|---|
| Ethereum | 63.39% | +7.3% | $54,154,679,165 |
| TRON | 9.73% | +0.8% | $8,313,860,046 |
| BNB Smart Chain | 6.20% | -11.2% | $5,297,434,351 |
| Solana | 4.28% | -2.2% | $3,655,240,576 |
| Arbitrum One | 3.05% | -0.7% | $2,607,984,662 |
3. Crypto Market Analysis
3.1. Crypto 7-D Price Change and Dominance Analysis
Among the top five cryptocurrencies, BNB and Ethereum exhibited positive 7-day price changes, while Solana saw a decline.
| Cryptocurrency | 7-D Change (in %) | Dominance Percentage | Price | Market Cap |
|---|---|---|---|---|
| Bitcoin | -1.6% | 50.88% | $62,863.06 | $1,240,401,567,006 |
| Ethereum | +2.1% | 15.47% | $3,116.67 | $380,766,457,230 |
| Tether | -0.1% | 4.47% | $0.995 | $110,308,062,997 |
| BNB | +6.7% | 3.73% | $592.43 | $91,379,019,687 |
| Solana | -4.2% | 2.52% | $135.82 | $60,961,965,498 |
3.2. Top Gainers & Losers of the Week in Crypto Market
3.2.1. Top Gainers of the Week in Crypto
| Cryptocurrency | 7-Day Gain | Price |
|---|---|---|
| Bonk | +57.15% | $0.00002365 |
| Pepe | +37.26% | $0.000007121 |
| Hedera | +31.83% | $0.1073 |
| Near Protocol | +24.36% | $7.16 |
| FLOKI | +20.62% | $0.0001731 |
3.2.2. Top Losers of the Week in Crypto
| Cryptocurrency | 7-Day Loss | Price |
|---|---|---|
| Ethena | -20.28% | $0.8166 |
| Toncoin | -14.46% | $5.23 |
| Ronin | -14.22% | $2.73 |
| Sui | -12.99% | $1.17 |
| Celestia | -12.46% | $10.03 |
3.3. Stablecoin Weekly Analysis
Among the top stablecoins, Dai demonstrated a positive 7-day price change, while others experienced minor fluctuations.
| Stablecoins | 7-Day Price Change (in %) | Price |
|---|---|---|
| Tether | -0.1 | $0.9995 |
| USDC | -0.1 | $0.9998 |
| Dai | +0.2 | $1 |
| First Digital USD | -0.2 | $1 |
| Ethena USDe | -0.0 | $0.9981 |
4. Bitcoin ETF Weekly Analysis
4.1. Bitcoin Futures ETF Weekly Analysis
Among the top Bitcoin Futures ETFs, only XBTF displayed a positive price change, while others showed negative changes.
| Bitcoin Futures ETFs | Price Change (Gain/Loss) (in %) | Asset Under Management (in Million) | Price |
|---|---|---|---|
| BITO | -1.84% | $598.78M | $27.70 |
| XBTF | +0.33% | $42.41M | $39.22 |
| BTF | -1.17% | $38.20M | $18.64 |
| BITS | -0.31% | $26.10M | $65.00 |
| ARKA | -1.30% | $8.01M | $61.04 |
4.2. Bitcoin Spot ETF Weekly Analysis
All top Bitcoin Spot ETFs experienced negative price changes this week.
| Bitcoin Spot ETFs | Price Change (Gain/Loss) (in %) | Asset Under Management (in Billion) | Price |
|---|---|---|---|
| GBTC | -1.49% | $24.33B | $56.74 |
| IBIT | -1.47% | $17.24B | $36.32 |
| FBTC | -1.52% | $9.90B | $55.75 |
| ARKB | -1.61% | $2.85B | $63.72 |
| BITB | -1.53% | $2.16B | $34.75 |
5. DeFi Market Weekly Status Analysis
EigenLayer led the top DeFi protocols with a significant 16.20% change in Total Value Locked.
| DeFi Protocols | 7d Change (in Total Value Locked) (in %) | TVL |
|---|---|---|
| Lido | +1.95% | $29.264B |
| EigenLayer | +16.20% | $15.327B |
| AAVE | +1.82% | $10.529B |
| Maker | +2.73% | $8.085B |
| JustLend | -2.77% | $6.052B |
6. NFT Marketplace: A Basic Weekly Analysis
Cryptopunks and Superrare were the only NFT marketplaces that saw positive volume changes this week.
| NFT Marketplaces | Volume Change (Last 7 Day over the Previous 7 Day Volume) | Market Share |
|---|---|---|
| Blur | -21.45% | 65.98% |
| Blur Aggregator | -19.49% | 19.31% |
| Superrare | +4.69% | 8.85% |
| Cryptopunks | +10.77% | 2.36% |
| Opensea | -33.37% | 1.47% |
6.1. Top NFT Collectible Sales this Week
Cryptopunks #635 garnered the highest amount this week, followed by CryptoPunks #58 and $PUPS BRC-20 NFTs #569d857.
| NFT Collectibles | Price (in USD) |
|---|---|
| CryptoPunks #635 | $12,415,880.00 |
| CryptoPunks #58 | $617,572.63 |
| $PUPS BRC-20 NFTs #569d857 | $259,192.41 |
| Azuki #5869 | $211,907.50 |
| CryptoPunks #9872 | $211,390.17 |
7. Web3 Weekly Funding Analysis
7.1. General Crypto Fundraising Trend Analysis
Blockchain Infrastructure and Blockchain Services raised substantial funds this week, with the U.S. and Germany emerging as the top crypto investment destinations.
7.2. ICO Landscape: A Weekly Overview
Focus.xyz received the highest funding this week among major ICOs.
8. Weekly Blockchain Hack Analysis
Hackers pilfered approximately $7.77 billion, predominantly targeting decentralized finance platforms.
This comprehensive analysis offers valuable insights into the evolving landscape of Web3, Blockchain, and Crypto, aiding stakeholders in making informed decisions as the market progresses.