Crypto News Weekly Recap #134 📣
- Genesis' crypto lending businesses files for bankruptcy protection
- Feds seize almost $700M of FTX assets in SBF criminal case
- Signature Bank pulls back from crypto transactions below $100K
- National Australia Bank creates stablecoin called AUDN
- DCG suspends dividends amid distress at Genesis unit
- Binance launches off-exchange settlement solution, Binance Mirror
- Nexo reaches landmark resolution with U.S. regulators
- DeFi project 1inch Network launches hardware wallet
📈Market Overview
Bitcoin price nears $23,000 in fresh 5-month high and not far from reclaiming its 200-week moving average, but traders are still highly suspicious of the bullish BTC price action.
The Top-10 cryptocurrencies are traded in different directions: Cardano +2.9%, Dogecoin -1.6%, Ethereum -1.4%.
Market capitalization: $1.10T (+0.22%)
The BTC dominance: 40.16% (+0.54%)
Fear & Greed Index: 53 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Stargate Finance (STG) +49.3%
Magic (MAGIC) +37.5%
Monavale (MONA) +31.2%
👉 Top Losers
pSTAKE (PSTAKE) -17.5%
Tap (XTP) -16.6%
Saitama V2 (SAITAMA) -14.4%
BTC Futures
Aggregated Volume — $40.6B
Aggregated Open Interest — $8.2B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin prolonged breakout above $22,000 is easing pressure on razor thin profit margins for BTC miners.
An increase in Bitcoin price and the network’s hashprice are helping BTC miners that kept net positive balances at the end of 2022 which is improving business stability. In addition, now miners are mostly back in profit.
The Top-10 cryptocurrencies are traded in green zone: Solana +20%, Cardano +8.6%, Dogecoin +7.8%.
Market capitalization: $1.10T (+7.29%)
The BTC dominance: 39.82% (+1.08%)
Fear & Greed Index: 53 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Polytrade (TRADE) +90.1%
pSTAKE (PSTAKE) +66.7%
Aptos (APT) +58.3%
👉 Top Losers
Opulous (OPUL) -6.7%
VAIOT (VAI) -5.5%
Vita Inu (VINU) -4.7%
BTC Futures
Aggregated Volume — $39B
Aggregated Open Interest — $8.6B
👉 Derivatives Market Analytics
Genesis Owes Creditors More Than $3.5 Billion
The bankruptcy filings revealed that Genesis Trading (a subsidiary of Digital Currency Group) owes its top 50 creditors about $3.5 billion. The largest disclosed creditors are Gemini, Mirana (crypto VC fund), MoonAlpha (a company behind Babel Finance), and Coincident Capital (crypto hedge fund). Genesis has over 100,000 creditors between the three of its companies that declared bankruptcy.
👉https://cryptorank.io/funds/genesis
The Latest Breaking News 📣
- Genesis' crypto lending businesses files for bankruptcy protection
- New FTX chief says crypto exchange could restart
- Nexo reaches landmark resolution with U.S. regulators
- DeFi project 1inch Network launches hardware wallet
- Paxos courts MakerDAO with paying yield for holding $1.5B USDP
👉 https://cryptorank.io/news
Top 15 Play To Earn Projects By Active Users
Alien Worlds leads with more than 599K active users in the last 30 days, followed by Benji Bananas and Splinterlands. BNB Chain is the leader by the number of GameFi projects, Ethereum and Polygon hold the second and third places respectively.
👉 https://cryptorank.io/tags/play-to-earn
The Latest Breaking News 📣
- Crypto firm Genesis is preparing to file for bankruptcy
- National Australia Bank creates stablecoin called AUDN
- Crypto exchange Coinbase to halt Japan operations
- US charges crypto exchange Bitzlato with laundering $700M
- Crypto media outlet CoinDesk taps bankers for potential sale
👉 https://cryptorank.io/news
Ethereum Liquid Staking Derivatives Discounts
Liquid staking derivatives (LSD) allow unlocking the liquidity of staked Ethereum. Lido (29%), Coinbase (13%), and Binance (6.4%) are the three biggest staking platforms that issue LSD tokens. Among others are Rocket Pool, Ankr, StakeWise, and others. But their share of the staking pool is relatively small; also, low volume increases their price volatility.
Most Ethereum LSDs are currently traded at discount, which gives an opportunity for higher returns for long-term stakers. With the upcoming Shanghai network update staked ETH withdrawals may be enabled, which will allow redeeming ETH for LSD tokens. Worth noting, that the discounts result from several risks: liquidity, protocol, and smart contract risks. In addition, centralized staking platforms are subject to trust risks.
👉https://cryptorank.io/tags/liquid-staking
The Latest Breaking News 📣
- FTX reports $415 million of crypto was hacked
- DCG suspends dividends amid distress at Genesis unit
- Crypto bank Silvergate Capital reports Q4 loss of $1 billion
- Polygon completes hard fork to reduce gas fee spikes
- About $575M worth of BNB burnt in quarterly auto-burn
👉 https://cryptorank.io/news
Recent Fundraising Rounds Among Crypto AI Startups
Artificial intelligence is one of the most popular topics in the technology field over the past months. Microsoft is currently in talks to buy a 49% stake in OpenAI, the company behind ChatGPT. Amid this, tokens of crypto AI projects rose in price.
👉https://cryptorank.io/funding-rounds
The Latest Breaking News 📣
- Binance launches off-exchange settlement solution, Binance Mirror
- 3AC founders pitch to raise $25M for new crypto exchange
- Shiba Inu about to launch Ethereum L2 network Shibarium in beta
- Visa lists Alchemy Pay as official service provider
- Bithumb ordered to pay damages for outage during Bitcoin's 2017 rally
👉 https://cryptorank.io/news
⚡️CSIX Tokens for CryptoRank Users
Earn CryptoRank Spaceships to be a part of Carbon's presale, fast and privacy-focused browser.
👉 https://cryptorank.io/earn/rewards/703eee85-76d1-4027-b64e-efd469144fe9
Crypto News Weekly Recap #133 📣
- FTX has recovered over $5 billion in assets
- Judge allows Binance US bid to buy Voyager assets to advance
- SEC charges Gemini and Genesis with unregistered securities offering
- Microsoft in talks to acquire a 49% stake worth $10B in OpenAI
- Justin Sun says willing to spend up to $1B on DCG assets
- LongHash launches soulbound tokens to reward contributors
- Group One acquires 13.5% options position in MicroStrategy
- Venom Foundation and Iceberg Capital to launch $1B web3 fund
Top 10 Gainers Of The Week 📈
$ORCA +228%
$SRM +216%
$ALBT +157%
$AGIX +131%
$APT +126%
$ALI +118%
$GMT +95.8%
$PLEX +95.4%
$PHB +80.9%
$EVER +80.2%
👉 https://cryptorank.io/performance
🚀The TOP-10 Trending Searches on CryptoRank in the Last 7 Days
Aptos leads, followed by Gala, Fetch AI, and Aurora.
👉https://cryptorank.io/trending
📈Market Overview
Bitcoin continued its recent buoyancy over the weekend, rising over $23,000 at one point – BTC's first time above the threshold since early August – before retreating late Sunday. Bitcoin is currently trading around $22,750, which represents a -0.73% decrease over the past 24 hours. However, BTC is up more than 8% during the past week.
The Top-10 cryptocurrencies are traded in different directions: Dogecoin +4.64%, Cardano +0.93%, Solana -2.46%.
Market capitalization: $1.10T (+0.56%)
The BTC dominance: 39.82% (-1.27%)
Fear & Greed Index: 50 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
SONM (SNM) +140%
ELYSIA (EL) +64.2%
Axie Infinity (AXS) +45.7%
👉 Top Losers
LUKSO (LYXE) -17.9%
Magic (MAGIC) -8.61%
Verasity (VRA) -8.22%
BTC Futures
Aggregated Volume — $24.1B
Aggregated Open Interest — $8.36B
👉 Derivatives Market Analytics
To deep dive into Genesis situation after bankruptcy filings, take a look at funds held on the public addresses associated with investment branch of Genesis Trading firm.
👉 https://cryptorank.io/portfolio/dff8ac117ad5?type=tracker
After the recent bankruptcy of Genesis, Digital Currency Group, its parent company, found itself in the middle of a crisis. Genesis owes its creditors more than $3.5B, and Gemini, the largest creditor, says the real figure is higher. Recently DCG has halted its quarterly dividend payments. In addition, it has about $1.65B of debt to Genesis, $575M of which due in May.
DCG is a major crypto venture investor, which has an outstanding protfolio of projects. However, in need of funding, it might sell some of its investments.
Take a look at some of the top projects from Digital Currency Group portfolio.
Follow the links for more insights.
👉 https://cryptorank.io/funds/dcg-group/rounds
👉 https://cryptorank.io/funds
Crypto Expo Europe Conference
The largest Blockchain and Crypto conference in the Eastern and Central Europe will take place from Mar 19 - 20th. The focus is on Education: with special guests from Binance, KuCoin, Gemini, OKX, LBank and others.
👉https://news.cryptorank.io/despite-crypto-crash-largest-european-blockchain-conference-almost-sold-out-for-march-2023-in-bucharest/
📈Market Overview
Bitcoin was recently trading at about $20,950, up 0.47% over the past 24 hours. The news of Genesis' bankruptcy shook the market a bit, and BTC lost its comfortable $21,000 level once again.
The Top-10 cryptocurrencies are traded in different directions: XRPL +0.92%, Ethereum +0.9%, BNB -1.12%.
Market capitalization: $1.03T (+0.69%)
The BTC dominance: 39.34% (-0.13%)
Fear & Greed Index: 51 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Crypterium (CRPT) +147%
SUKU (SUKU) +69.4%
Opulous (OPUL) +39.9%
👉 Top Losers
YIELD App (YLD) -9.58%
Decentralized Social (DESO) -7.13%
Aurora (AURORA) -7%
BTC Futures
Aggregated Volume — $20B
Aggregated Open Interest — $8.55B
👉 Derivatives Market Analytics
⚡️Top DAO Treasuries
Uniswap $2.6B
BitDAO $2.2B
Ethereum Name Service $1B
Gnosis $740M
Lido $308M
Frax $244M
You can now track all funds and NFTs held on treasury addresses of major DAOs via our portfolio tracker !
👉 https://cryptorank.io/tags/dao
📈Market Overview
Bitcoin and Ethereum are beginning the business day well into the red. The world’s largest digital asset is down 2.02% on-day, while ETH is down 3.23%.
The Top-10 cryptocurrencies are traded in red zone: Dogecoin -7.37%, Polygon -5.89%, Cardano -5.39%.
Market capitalization: $1.02T (-2.42%)
The BTC dominance: 39.32% (+0.5%)
Fear & Greed Index: 45 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Gains Network (GNS) +22.2%
Verasity (VRA) +15.1%
Streamr DATAcoin (DATA) +12%
👉 Top Losers
BEAM (BEAM) -23.7%
Steem (STEEM) -19%
Terran Coin (TRR) -18.8%
BTC Futures
Aggregated Volume — $41.2B
Aggregated Open Interest — $8.28B
👉 Derivatives Market Analytics
Major VC Fund Portfolio Gainers 📈
Discover the best performing projects from major VC funds from the past 7 days.
👉https://cryptorank.io/funds
👉https://cryptorank.io/performance
📈Market Overview
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $21,260, up 0.82% over the past 24 hours but a marked improvement from its levels little more than a week ago. Other major cryptos were largely in the green with popular meme coin Shiba Inu recently jumping more than 18%.
The Top-10 cryptocurrencies are traded in green zone: Dogecoin +4.63%, Ethereum +1.28%, BNB +1%.
Market capitalization: $1.05T (+1.1%)
The BTC dominance: 39.03% (-0.31%)
Fear & Greed Index: 52 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Tap (XTP) +125%
Steem (STEEM) +120%
Rocket Pool (RPL) +71.2%
👉 Top Losers
Serum (SRM) -12%
Metadium (META) -10.7%
NuCypher (NU) -9.63%
BTC Futures
Aggregated Volume — $26.7B
Aggregated Open Interest — $8.23B
👉 Derivatives Market Analytics
🔥 About $575M Worth of BNB Burnt in Quarterly Auto-Burn
About 28% of BNB circulating supply has been burnt to date after the most recent quarterly burn of 2.06M BNB.
👉https://cryptorank.io/price/bnb
📈Market Overview
Bitcoin's 2023 feel-good story continued as the largest cryptocurrency by market capitalization held firm above the $21,000 heights it last reached in the fall. BTC was recently trading at about $21,150, a moderate 0.18% gain over the past 24 hours.
The Top-10 cryptocurrencies are traded in red zone: Dogecoin -2.95%, Cardano -2.34%, XRPL -1.99%.
Market capitalization: $1.04T (-0.63%)
The BTC dominance: 39.08% (+0.29%)
Fear & Greed Index: 51 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
BSCPAD (BSCPAD) +43.4%
Tap (XTP) +38.6%
Metadium (META) +37.0%
👉 Top Losers
Orca (ORCA) -14.6%
Alethea Artificial Liquid Intelligence (ALI) -11.7%
Bonk (BONK) -11.3%
BTC Futures
Aggregated Volume — $29.0B
Aggregated Open Interest — $8.11B
👉 Derivatives Market Analytics
Biggest Jump in Bitcoin Mining Difficulty Since October 2022
Bitcoin mining difficulty reached a new ATH after a biggest increase since October 2022. On January 16 Bitcoin ushered in a mining difficulty adjustment, the mining difficulty was increased by 10.26% to 37.59T.
👉https://cryptorank.io/price/bitcoin
📈Market Overview
Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at about $21,120, roughly +2% over the previous 24 hours and a whopping +27.7% this year, most of the gains occurring since last Tuesday when BTC was still hovering near $17,400. The majority of other cryptocurrencies also showed an upward move in the past day.
The Top-10 cryptocurrencies are traded in green zone: Polygon +5.13%, Cardano +4.14%, Ethereum +2.88%.
Market capitalization: $1.05T (+2.38%)
The BTC dominance: 38.86% (-0.5%)
Fear & Greed Index: 45 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
NuCypher (NU) +44.6%
Alethea Artificial Liquid Intelligence (ALI) +37.0%
Manifold Finance (FOLD) +36.6%
👉 Top Losers
Anchor Protocol (ANC) -19.2%
Mirror Protocol (MIR) -9.52%
Lido DAO Token (LDO) -2.89%
BTC Futures
Aggregated Volume — $27.1B
Aggregated Open Interest — $8.02B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin's rally cooled down after crossing $21,000 mark. Bitcoin is currently trading around $20,600, which represents a +0.16% increase over the past 24 hours.
The Top-10 cryptocurrencies are traded in red zone: Dogecoin -3.73%, BNB -3.43%, Polygon -2.21%.
Market capitalization: $1.02T (-2.29%)
The BTC dominance: 39.00% (+0.74%)
Fear & Greed Index: 52 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
Anchor Protocol (ANC) +47.7%
Serum (SRM) +45.1%
Wrapped NXM (WNXM) +26.4%
👉 Top Losers
SingularityNET (AGIX) -32.8%
MinePlex (PLEX) -31.8%
Phoenix Global (PHB) -20%
BTC Futures
Aggregated Volume — $35.5B
Aggregated Open Interest — $7.82B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin's 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November. Meanwhile, the total market capitalization jumped above $1 trillion mark. BTC is up 10.8% over the last 24 hours and is currently trading around $20,876.
The Top-10 cryptocurrencies are traded in green zone: Polygon +11.67%, Dogecoin +11.03%, Ethereum +10.17%.
Market capitalization: $1.05T (+9.49%)
The BTC dominance: 38.64% (+1.56%)
Fear & Greed Index: 46 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
SingularityNET (AGIX) +89%
Alethea Artificial Liquid Intelligence (ALI) +58.2%
Serum (SRM) +47.5%
👉 Top Losers
xExchange DEX (MEX) -7.05%
XYO (XYO) -6.1%
chrono.tech (TIME) -5.47%
BTC Futures
Aggregated Volume — $63.1B
Aggregated Open Interest — $7.33B
👉 Derivatives Market Analytics