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This analysis anecdote, backed by quality data, covers the important developments the Web3, Blockchain and Crypto landscape has witnessed this week.
1. Breaking News This Week
- Seneca Protocol Hacker Returns Stolen Ether Tokens After Exploit
The hacker returned $5.3 million rate of Ether after exploiting an approval mechanism bug in Seneca Protocol’s incandescent contract, draining $6.4 million. The protocol offered leniency, no longer pursuing honest circulate if 80% used to be returned.
- Gemini to Return $1.1 Billion in Settlement Handle NY Regulators
Gemini has the same opinion to repay customers $1.1 billion from its defunct Affect Program in a settlement with Unusual York regulators. The alternate faces honest challenges from the SEC and the NY Attorney Total’s space of labor.
- Robinhood Companions with Arbitrum for Entry to Layer-2 Swaps
Robinhood collaborates with Arbitrum to give its pockets users access to swaps on the layer-2 network. The alliance objectives to simplify access to layer-2 networks, announced at ETHDenver 2024 event.
- Uniswap Introduces Unusual Substances to Enhance Swapping Expertise
Uniswap introduces three aspects: Uniswap Extension, Limit Orders, and Facts & Insights. Limit Orders and Facts & Insights pages are live, with access via a waitlist system for users.
- CDC Helps Kraken in Lawsuit Against SEC’s Regulatory Tactics
The Chamber of Digital Commerce files amicus curiae to toughen Kraken against SEC lawsuit. CDC objectives to counter SEC’s regulatory tactics and advocate for clearer principles.
- RiskOnBlast Beneath Scrutiny Amid Suspected Rug Pull Scam
RiskOnBlast mission faces scrutiny over a suspected rug pull rip-off, leaving investors with essential losses. The mission raised $1.25M in ETH for a presale token Possibility.
- HTX Withdraws Crypto License Application in Hong Kong
HTX, formerly Huobi, withdraws crypto licence application from Hong Kong. The Digital Asset Buying and selling Platform (VATP) licence allows exchanges to operate within Hong Kong.
- MicroStrategy’s X Myth Compromised in Ethereum Token Scam
Micostrategy’s X fable hacked, leading to loss of $400k in Ethereum-backed token rip-off. The corporate turns into the most modern victim of the X hack in 2024.
- OFAC Flags Pockets Addresses Linked to LockBit Affiliates
OFAC flags ten pockets addresses connected to LockBit ransomware mates. Artur Sungatov and Ivan Kondratyev face costs linked to ransomware deployment.
- Binance Concurs to $4.3 Billion Settlement for AML Violations
Binance pleads guilty to AML and sanctions violations, has the same opinion to $4.3 billion settlement. A U.S. federal resolve approves the plea and settlement deal.
2. Blockchain Efficiency
On this fragment, we are in a position to analyse two factors essentially: the tip-performing blockchains based mostly entirely exclusively on their 7-day alternate and the tip performers among the tip 5 blockchains with the most attention-grabbing TVL.
2.1. High Blockchain Performers by 7-Day Alternate
This week’s top blockchain performers, based mostly entirely on their 7-day alternate, are Ergo, ZetaChain, Cardano, Infamous, and Metis Andromeda.
Blockchain | 7-Day Alternate (in %) | TVL |
Ergo | 35.9% | $11,717,364 |
ZetaChain | 32.4% | $4,457,103 |
Cardano | 28.6% | $485,599,836 |
Infamous | 27.9% | $516,919,414 |
Metis Andromeda | 27.1% | $89,816,456 |
Amongst the tip blockchain performers by 7-day alternate, Ergo leads with a essential 35.9% prolong, adopted closely by ZetaChain, Cardano, Infamous, and Metis Andromeda. These good points indicate sturdy market demand and potentially favourable developments within these blockchain networks, suggesting likely investment opportunities.
2.2. High Performers: 7-Day Alternate in High 5 Blockchains with Top likely TVL
Ethereum, TRON, BNB Supreme Chain, Arbitrum One, and Solana are the tip 5 blockchains available in the market on the foundation of TVL and market dominance. Let’s uncover about how these blockchains hold performed this week.
Blockchain | 7d Alternate (in %) | Dominance | TVL (in Billion) |
Ethereum | 15.3% | 65.70% | $55,680,891,029 |
TRON | 12.6% | 11.17% | $9,470,543,359 |
BNB Supreme Chain | 16.0% | 6.20% | $5,254,452,699 |
Arbitrum One | 12.4% | 4.68% | $3,970,063,989 |
Solana | 26.2% | 3.08% | $2,614,086,829 |
Others | 9.17% |
Amongst the tip 5 chains with the most attention-grabbing Complete Worth Locked, Solana exhibits the most attention-grabbing 7-day alternate at 26.2%, indicating sturdy momentum. BNB Supreme Chain and Ethereum observe with 16.0% and 15.3% respectively. TRON and Arbitrum One display comparatively decrease adjustments at 12.6% and 12.4%.
3. Crypto Market Analysis
The crypto rate and dominance analysis and top good points and losers analysis are the two prime sections of the crypto market analysis.
3.1. Crypto 7-D Tag Alternate and Dominance Analysis
Bitcoin, Ethereum, Tether, BNB, and Solana are the tip cryptocurrency as per the market cap index. Let’s analyse their seven-day rate alternate and dominance indices.
Cryptocurrency | 7d- Tag Alternate (in %) | Dominance Percentage | Tag | Market Cap |
BTC | 21.7 | 50.06% | $62,005.50 | $1,218,394,972,538 |
ETH | 16.1 | 16.89% | $3,421.37 | $410,942,976,277 |
USDT | 0.2 | 4.05% | $1.00 | $Ninety 9,397,231,923 |
BNB | 8.4 | 2.56% | $409.61 | $63,213,112,875 |
SOL | 27.5 | 2.4% | $128.74 | $56,980,635,126 |
Others | 24.04% |
Amongst the tip 5 cryptocurrencies with the most attention-grabbing market capitalisation, Solana leads with a 7-day rate alternate of 27.5%, adopted by Bitcoin at 21.7% and Etheruem at 16.1%. BNB shows an 8.4% prolong, while Tether has a minimal alternate of 0.2%. These fluctuations mirror investor sentiment and market dynamics impacting cryptocurrency costs.
3.2. High Gainers & Losers of the Week in Crypto Market
Here is the checklist of top gainers and top losers of the week in the cryptocurrency market. The analysis is made the usage of the 7-day Form and 7-day Lose indices.
3.2.1. High Gainers of the Week in Crypto
Cryptocurrency | 7-Day Form (in %) | Tag |
dogwifhat | 299.97% | $1.20 |
Pepe | 241.69% | $0.000004075 |
Shiba Inu | 113.45% | $0.00002026 |
Bonk | 108.78% | $0.00002379 |
Arweave | 100.49% | $26.01 |
The top gainers of the week in the crypto market display tall increase, with Dogwifhat leading at 299.9% maintain, adopted by Pepe at 241.69%, Shiba Inu at 113.78%, Bonk at 108.78%, and Arweave at 100.49%. Notably, loads of these money are characterised by their meme-inspired origins, reflecting a pattern where group-driven and novelty themed cryptocurrencies are gaining essential traction.
3.2.2. High Losers of the Week in Crypto
Cryptocurrency | 7-Day Loss (in %) | Tag |
Bitget Token | 5.94 | $0.936 |
Starknet | 3.30 | $1.84 |
Worldcoin | 2.95 | $7.72 |
The top losers of the week in the crypto market skilled modest losses, with Bitget Token leading at 5.94%, adopted by Starknet at 3.30% and Worldcoin at 2.95%. Interestingly, loads of these money fragment a characteristic of being relatively more recent initiatives or lesser-identified tokens true via the crypto dwelling.
3.3. Stablecoin Weekly Analysis
Tether, USDC, DAI, First Digital USD, and TrueUSD are the tip stablecoins available in the market in the case of market capitalization. Let’s analyse their weekly performance the usage of seven-day market capitalisation, market dominance and trading quantity indices.
Stablecoins | Market Dominance (7d) [in %] | Market Capitalisation (7d) | Buying and selling Volume (7d) | Market Capitalisation |
USDT | 71.37% | $Ninety 9,274,662,637 | $64,886,564,825 | $Ninety 9,374,582,749 |
USDC | 20.74% | $28,988,023,973 | $7,660,939,366 | $29,062,902,176 |
Dai | 3.61% | $5,029,425,225 | $208,750,503 | $5,011,755,123 |
First Digital USD | 2.34% | $3,243,882,916 | $9,794,726,739 | $3,251,032,916 |
TrueUSD | 0.93% | $1,288,752,739 | $97,196,974 | $1,291,448,000 |
Others | 1.01% |
Amongst the tip stablecoins, Tether dominates the market at 71.37% adopted by USDC at 20.74%. While Dai, First Digital USD, and TrueUSD withhold smaller market shares, they nonetheless make contributions to stabilising the crypto market. The date suggests Tether’s sturdy region because the leading stablecoin, with USDC also exhibiting essential market presence, indicating investor belief in these broadly extinct true resources.
Bitcoin Futures ETFs and Bitcoin Reputation ETFs may maybe nonetheless be analysed individually, in account for to earn the elegant order of the Bitcoin ETF market, as they symbolize two varied segments. Let’s launch up!
4.1. Bitcoin Futures ETF Weekly Analysis
ProShares, VanEck, Valkyrie, Global X and Ark/21 Shares are the tip Bitcoin Future ETFs, as per the Asset Beneath Administration index. Let’s exercise the alternate percentage index to analyse these ETFs.
Bitcoin Futures ETFs | Alternate (Form/Loss) (in %) | Asset Beneath Administration (in Billion) | Tag |
ProShares | +1.74% | $598.78M | $29.00 |
VanEck | +0.33% | $42.41M | $39.22 |
Valkyrie | +1.63% | $38.20M | $19.90 |
Global X | +2.55% | $26.10M | $67.69 |
Ark/21 Shares | +1.29% | $8.01M | $61.80 |
Amongst the tip Bitcoin Futures ETFs, Global X leads with a maintain of +2.55%, adopted by ProShares at +1.74%, and Valkyrie at +1.63%. Ark/21 Shares and VanEck display comparatively smaller good points. These ETFs music Bitcoin futures contracts, providing investors publicity to Bitcoin’s rate movements without without prolong keeping the cryptocurrency. The sure adjustments mirror rising investor ardour and self belief in Bitcoin derivatives.
4.2. Bitcoin Reputation ETF Weekly Analysis
Grayscale, Blackrock, Constancy, Ark/21 Shares and Bitwise are the tip Bitcoin Reputation ETFs, as per the Asset Beneath Administration index. Let’s analyse them the usage of the alternate index.
Bitcoin Reputation ETFs | Alternate (Form/Loss) (in %) | Asset Beneath Administration (in Billion) | Tag |
Grayscale | +1.68% | $26.60B | $56.28 |
BlackRock | +1.61% | $10.01B | $35.Ninety 9 |
Constancy | +1.58% | $6.47B | $55.19 |
Ark/21 Shares | +1.45% | $2.11B | $63.18 |
Bitwise | +1.77% | $1.53B | $34.43 |
Amongst the tip Bitcoin Reputation ETFs, Bitwise shows the most attention-grabbing maintain at +1.77%, adopted by Grayscale at +1.68%, and BlackRock at +1.61%. Constancy and Ark/21 Shares also display sure adjustments. The good points mirror rising ardour in these top 5 ETFs.
5. DeFi Market Weekly Reputation Analysis
Lido, AAVE, EigenLayer, Maker, and JustLend are the 5 top DeFi protocols on the foundation of TVL. Let’s analyse its weekly performance the usage of the 7d Alternate in TVL index.
DeFi Protocols | 7d Alternate (in Complete Worth Locked) [in %] | TVL |
Lido | +16.61% | $33.83b |
AAVE | +19.49% | $10.092b |
EigenLayer | +26.72% | $9.945b |
Maker | +7.14% | $9.23b |
JustLend | +11.03% | $6.908b |
Amongst the tip DeFi protocols, EigenLayer exhibits the most attention-grabbing 7-day alternate in Complete Worth Locked at +26.72%, adopted by AAVE at +19.49% and Lido at +16.61%. Maker and JustLend display comparatively smaller increases. The essential good points counsel rising adoption and utilisation of these protocols true via the decentralised finance ecosystem.
6. NFT Market: A Classic Weekly Analysis
Blur, Blur Aggregator, Opensea, Cryptopunks, and Gem are the tip NFT marketplaces on the foundation of market fragment. Let’s analyse them the usage of the 7-Day Rolling Volume, 7-Day Rolling Exchange and Volume Alternate indices.
NFT Marketplaces | Volume Alternate [Last 7 Day over the Previous 7 Day Volume] [In %] | Market Part | 7-day Rolling Volume | 7-day Rolling Trades |
Blur | -10.88% | 56.70% | 29141.76 | 43801 |
Blur Aggregator | -11.62% | 20.23% | 16442.14 | 22465 |
Opensea | -6.21% | 16.05% | 9517.86 | 25445 |
Cryptopunks | +114% | 3.11% | 2817.Ninety 9 | 42 |
Gem | -23.83% | 1.56% | 1344.29 | 4183 |
Others | 2.35% |
Amongst the tip NFT marketplaces, Cryptopunks experiences the most attention-grabbing quantity prolong at +114% while Gem shows a essential decrease of -23.83%. Blur Aggregator, Blur and Opensea also look decline in quantity. The date suggests a dynamic NFT market where quantity fluctuations fluctuate at some stage in platforms, influenced by factors take care of brand new releases, platform aspects and market demand for explicit NFT collections.
6.1. High NFT Collectible Gross sales this Week
Budgie, Composable Restaking Role, CryptoPunks #5308, and CryptoPunks #7049 are the tip NFT collectable sales reported this week in the NFT market landscape.
NFT Collectibles | Tag (in USD) |
Budgie #ci7…. | $1,444,812.49 |
Composable Restaking Role #79b.. | $1,108,561.85 |
CryptoPunks #5308 | $492,694.44 |
CryptoPunks #5308 | $457,764.03 |
CryptoPunks #7049 | $362,396.fifty three |
Amongst the tip NFT collectibles, Budgie holds the most attention-grabbing rate at $1,444,812.49, adopted by Composable Restaking Role at $1,108,561.85. CryptoPunks #5308 and #7049 are priced at $492,694.44 and $362,396.fifty three respectively.
7. Web3 Weekly Funding Analysis
7.1. ICO Landscape: A Weekly Overview
Vendetta Video games, Portal, Sort Protocol, Beoble, QnA3.AI, and Dechat are the important ICOs that ended this week.
ICO | Token Tag | Received | Fundraising Diagram | Complete Tokens | Token (Available for Sale) |
Vendetta Video games | $0.15 | $200,000 | $200,000 | 100,000,000 | 24% |
Portal | n/a | n/a | 50,000,000 Tokens | 1,000,000,000 | 33% |
Sort Protocol | $0.01 | $1,720,000 | $400,000 | 920,000,000 | 29.3% |
Beoble | $0.025 | $7,820,000 | $200,000 | 1,000,000,000 | 29.1% |
QnA3.AI | n/a | n/a | 15,000,000 Tokens | 1,000,000,000 | n/a |
Dechat | $0.55 | n/a | $475,000 | 25,000,000 | 28.36% |
Amongst the important ICOs ending this week, Beoble raised the most attention-grabbing amount at $7,820,000, surpassing its fundraising arrangement of $200,000. Sort Protocol and Vendetta Video games also accomplished their ICOS, with varying degrees of success in meeting fundraising targets.
8. Weekly Blockchain Hack Analysis
As of March 2, 2024, hackers stole $7.68 billion. $5.82 billion got here from DeFi platforms, and $2.83 billion from blockchain bridges.
Most up-to-date hacks consist of FixedFlot shedding $26.1 million on Feb 18, Abracadabra shedding $6.5 million on Jan 30, Concentric shedding $1.72 million on Jan 22, and Bungee shedding $3.3 million on Jan 16.
Earlier, Vivid Lending lost $0.46 million on Jan 12, and Gamma lost $4.5 million on Jan 4.
Endnote
On this week’s entire analysis of Web3, Blockchain and Crypto, now we hold introduced out great insights, which is able to be extinct to take care of-to-facts about the market developments. As the landscape evolves, the strategic integration of workmanship and data-driven resolution-making turns into paramount for stakeholders navigating the dynamic realms of decentralised applied sciences.