Top News, Blockchain Activity, Bitcoin and Altcoin Price Analysis and More – Crypto News BTC

This evaluation report, backed by high quality knowledge, covers the main developments the Web3, Blockchain and Crypto panorama has witnessed this week. 

1. Breaking Information This Week

Seneca Protocol Hacker Returns Stolen Ether Tokens After Exploit

The hacker returned $5.3 million price of Ether after exploiting an approval mechanism bug in Seneca Protocol’s good contract, draining $6.4 million. The protocol provided leniency, not pursuing authorized motion if 80% was returned. 

Gemini to Return $1.1 Billion in Settlement Take care of NY Regulators

Gemini agrees to repay prospects $1.1 billion from its defunct Earn Program in a settlement with New York regulators. The change faces authorized challenges from the SEC and the NY Lawyer Normal’s workplace.

Robinhood Companions with Arbitrum for Entry to Layer-2 Swaps

Robinhood collaborates with Arbitrum to supply its pockets customers entry to swaps on the layer-2 community. The alliance goals to simplify entry to layer-2 networks, introduced at ETHDenver 2024 occasion.

Uniswap Introduces New Options to Improve Swapping Expertise

Uniswap introduces three options: Uniswap Extension, Restrict Orders, and Information & Insights. Restrict Orders and Information & Insights pages are dwell, with entry through a waitlist system for customers. 

CDC Helps Kraken in Lawsuit Towards SEC’s Regulatory Techniques

The Chamber of Digital Commerce information amicus curiae to help Kraken towards SEC lawsuit. CDC goals to counter SEC’s regulatory techniques and advocate for clearer guidelines. 

RiskOnBlast Below Scrutiny Amid Suspected Rug Pull Rip-off

RiskOnBlast challenge faces scrutiny over a suspected rug pull rip-off, leaving traders with vital losses. The challenge raised $1.25M in ETH for a presale token Threat. 

HTX Withdraws Crypto License Utility in Hong Kong

HTX, previously Huobi, withdraws crypto licence software from Hong Kong. The Digital Asset Buying and selling Platform (VATP) licence permits exchanges to function inside Hong Kong.

MicroStrategy’s X Account Compromised in Ethereum Token Rip-off

Micostrategy’s X account hacked, resulting in lack of $400k in Ethereum-backed token rip-off. The corporate turns into the newest sufferer of the X hack in 2024.

OFAC Flags Pockets Addresses Linked to LockBit Associates

OFAC flags ten pockets addresses related to LockBit ransomware associates. Artur Sungatov and Ivan Kondratyev face costs linked to ransomware deployment.

Binance Agrees to $4.3 Billion Settlement for AML Violations

Binance pleads responsible to AML and sanctions violations, agrees to $4.3 billion settlement. A U.S. federal choose approves the plea and settlement deal. 

2. Blockchain Efficiency

On this part, we’ll analyse two components primarily: the top-performing blockchains primarily based solely on their 7-day change and the highest performers among the many prime 5 blockchains with the very best TVL.  

2.1. Prime Blockchain Performers by 7-Day Change

This week’s prime blockchain performers, primarily based on their 7-day change, are Ergo, ZetaChain, Cardano, Base, and Metis Andromeda. 

Blockchain
7-Day Change (in %)
TVL

Ergo
35.9%
$11,717,364

ZetaChain
32.4%
$4,457,103

Cardano
28.6%
$485,599,836

Base
27.9%
$516,919,414

Metis Andromeda
27.1%
$89,816,456

Among the many prime blockchain performers by 7-day change, Ergo leads with a major 35.9% enhance, adopted carefully by ZetaChain, Cardano, Base, and Metis Andromeda. These beneficial properties point out sturdy market demand and probably beneficial developments inside these blockchain networks, suggesting potential funding alternatives. 

2.2. Prime Performers: 7-Day Change in Prime 5 Blockchains with Highest TVL

Ethereum, TRON, BNB Good Chain, Arbitrum One, and Solana are the highest 5 blockchains out there on the idea of TVL and market dominance. Let’s see how these blockchains have carried out this week. 

Blockchain
7d Change (in %)
Dominance
TVL (in Billion)

Ethereum
15.3%
65.70%
$55,680,891,029

TRON
12.6%
11.17%
$9,470,543,359

BNB Good 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%

Among the many prime 5 chains with the very best Complete Worth Locked, Solana displays the very best 7-day change at 26.2%, indicating sturdy momentum. BNB Good Chain and Ethereum comply with with 16.0% and 15.3% respectively. TRON and Arbitrum One present comparatively decrease modifications at 12.6% and 12.4%. 

3. Crypto Market Evaluation

The crypto value and dominance evaluation and prime beneficial properties and losers evaluation are the 2 prime sections of the crypto market evaluation. 

3.1. Crypto 7-D Worth Change and Dominance Evaluation

Bitcoin, Ethereum, Tether, BNB, and Solana are the highest cryptocurrency as per the market cap index. Let’s analyse their seven-day value change and dominance indices. 

Cryptocurrency
7d- Worth Change (in %)
Dominance Share
Worth
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
$99,397,231,923

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%

Among the many prime 5 cryptocurrencies with the very best market capitalisation, Solana leads with a 7-day value change of 27.5%, adopted by Bitcoin at 21.7% and Etheruem at 16.1%. BNB exhibits an 8.4% enhance, whereas Tether has a minimal change of 0.2%. These fluctuations replicate investor sentiment and market dynamics impacting cryptocurrency costs. 

3.2. Prime Gainers & Losers of the Week in Crypto Market

Right here is the checklist of prime gainers and prime losers of the week within the cryptocurrency market. The evaluation is made utilizing the 7-day Achieve and 7-day Lose indices. 

3.2.1. Prime Gainers of the Week in Crypto

Cryptocurrency
7-Day Achieve (in %)
Worth

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 highest gainers of the week within the crypto market exhibit substantial development, with Dogwifhat main at 299.9% acquire, adopted by Pepe at 241.69%, Shiba Inu at 113.78%, Bonk at 108.78%, and Arweave at 100.49%. Notably, a majority of those cash are characterised by their meme-inspired origins, reflecting a development the place community-driven and novelty themed cryptocurrencies are gaining vital traction. 

3.2.2. Prime Losers of the Week in Crypto

Cryptocurrency
7-Day Loss (in %)
Worth

Bitget Token
5.94
$0.936

Starknet
3.30
$1.84

Worldcoin
2.95
$7.72

The highest losers of the week within the crypto market skilled modest losses, with Bitget Token main at 5.94%, adopted by Starknet at 3.30% and Worldcoin at 2.95%. Curiously, a majority of those cash share a attribute of being comparatively newer initiatives or lesser-known tokens throughout the crypto area. 

3.3. Stablecoin Weekly Evaluation

Tether, USDC, DAI, First Digital USD, and TrueUSD are the highest stablecoins out there by way of market capitalization. Let’s analyse their weekly efficiency utilizing seven-day market capitalisation, market dominance and buying and selling quantity indices.  

Stablecoins
Market Dominance (7d) [in %]
Market Capitalisation (7d)
Buying and selling Quantity (7d)
Market Capitalisation

USDT
71.37%
$99,274,662,637
$64,886,564,825
$99,374,582,749

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%

Among the many prime stablecoins, Tether dominates the market at 71.37% adopted by USDC at 20.74%. Whereas Dai, First Digital USD, and TrueUSD maintain smaller market shares, they nonetheless contribute to stabilising the crypto market. The date suggests Tether’s sturdy place because the main stablecoin, with USDC additionally displaying vital market presence, indicating investor belief in these extensively used secure property. 

4. Bitcoin ETF Weekly Evaluation

Bitcoin Futures ETFs and Bitcoin Spot ETFs must be analysed individually, with a view to get the fitting image of the Bitcoin ETF market, as they signify two totally different segments. Let’s begin!

4.1. Bitcoin Futures ETF Weekly Evaluation

ProShares, VanEck, Valkyrie, International X and Ark/21 Shares are the highest Bitcoin Future ETFs, as per the Asset Below Administration index. Let’s use the change share index to analyse these ETFs. 

Bitcoin Futures ETFs
Change (Achieve/Loss) (in %)
Asset Below Administration (in Billion)
Worth

ProShares
+1.74%
$598.78M
$29.00

VanEck
+0.33%
$42.41M
$39.22

Valkyrie
+1.63%
$38.20M
$19.90

International X
+2.55%
$26.10M
$67.69

Ark/21 Shares
+1.29%
$8.01M
$61.80

Among the many prime Bitcoin Futures ETFs, International X leads with a acquire of +2.55%, adopted by ProShares at +1.74%, and Valkyrie at +1.63%. Ark/21 Shares and VanEck present comparatively smaller beneficial properties. These ETFs observe Bitcoin futures contracts, offering traders publicity to Bitcoin’s value actions with out instantly holding the cryptocurrency. The constructive modifications replicate rising investor curiosity and confidence in Bitcoin derivatives. 

4.2. Bitcoin Spot ETF Weekly Evaluation

Grayscale, Blackrock, Constancy, Ark/21 Shares and Bitwise are the highest Bitcoin Spot ETFs, as per the Asset Below Administration index. Let’s analyse them utilizing the change index. 

Bitcoin Spot ETFs
Change (Achieve/Loss) (in %)
Asset Below Administration (in Billion)
Worth

Grayscale
+1.68%
$26.60B
$56.28

BlackRock
+1.61%
$10.01B
$35.99

Constancy
+1.58%
$6.47B
$55.19

Ark/21 Shares
+1.45%
$2.11B
$63.18

Bitwise
+1.77%
$1.53B
$34.43

Among the many prime Bitcoin Spot ETFs, Bitwise exhibits the very best acquire at +1.77%, adopted by Grayscale at +1.68%, and BlackRock at +1.61%. Constancy and Ark/21 Shares additionally exhibit constructive modifications. The beneficial properties replicate rising curiosity in these prime 5 ETFs. 

5. DeFi Market Weekly Standing Evaluation

Lido, AAVE, EigenLayer, Maker, and JustLend are the 5 prime DeFi protocols on the idea of TVL. Let’s analyse its weekly efficiency utilizing the 7d Change in TVL index. 

DeFi Protocols
7d Change (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

Among the many prime DeFi protocols, EigenLayer displays the very best 7-day change in Complete Worth Locked at +26.72%, adopted by AAVE at +19.49% and Lido at +16.61%. Maker and JustLend present comparatively smaller will increase. The numerous beneficial properties recommend rising adoption and utilisation of those protocols throughout the decentralised finance ecosystem. 

6. NFT Market: A Fundamental Weekly Evaluation

Blur, Blur Aggregator, Opensea, Cryptopunks, and Gem are the highest NFT marketplaces on the idea of market share. Let’s analyse them utilizing the 7-Day Rolling Quantity, 7-Day Rolling Commerce and Quantity Change indices.  

NFT Marketplaces
Quantity Change [Last 7 Day over the Previous 7 Day Volume] [In %]
Market Share
7-day Rolling Quantity
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%
2817.99
42

Gem
-23.83%
1.56%
1344.29
4183

Others

2.35%

Among the many prime NFT marketplaces, Cryptopunks experiences the very best quantity enhance at +114% whereas Gem exhibits a major lower of -23.83%. Blur Aggregator, Blur and Opensea additionally observe decline in quantity. The date suggests a dynamic NFT market the place quantity fluctuations differ throughout platforms, influenced by components like new releases, platform options and market demand for particular NFT collections. 

6.1. Prime NFT Collectible Gross sales this Week

Budgie, Composable Restaking Place, CryptoPunks #5308, and CryptoPunks #7049 are the highest NFT collectable gross sales reported this week within the NFT market panorama. 

NFT Collectibles
Worth (in USD)

Budgie #ci7….
$1,444,812.49

Composable Restaking Place #79b..
$1,108,561.85

CryptoPunks #5308
$492,694.44

CryptoPunks #5308
$457,764.03

CryptoPunks #7049
$362,396.53

Among the many prime NFT collectibles, Budgie holds the very best value at $1,444,812.49, adopted by Composable Restaking Place at $1,108,561.85. CryptoPunks #5308 and #7049 are priced at $492,694.44 and $362,396.53 respectively. 

7. Web3 Weekly Funding Evaluation

7.1. ICO Panorama: A Weekly Overview

Vendetta Video games, Portal, Type Protocol, Beoble, QnA3.AI, and Dechat are the main ICOs that ended this week. 

ICO
Token Worth
Acquired
Fundraising Purpose
Complete Tokens
Token (Accessible 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%

Type 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%

Among the many main ICOs ending this week, Beoble raised the very best quantity at $7,820,000, surpassing its fundraising purpose of $200,000. Type Protocol and Vendetta Video games additionally accomplished their ICOS, with various levels of success in assembly fundraising targets. 

8. Weekly Blockchain Hack Evaluation

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.

Current hacks embody FixedFlot dropping $26.1 million on Feb 18, Abracadabra dropping $6.5 million on Jan 30, Concentric dropping $1.72 million on Jan 22, and Bungee dropping $3.3 million on Jan 16. 

Earlier, Clever Lending misplaced $0.46 million on Jan 12, and Gamma misplaced $4.5 million on Jan 4.  

Endnote

On this week’s complete evaluation of Web3, Blockchain and Crypto, we have now introduced out highly effective insights, which can be utilized to stay-to-data in regards to the market developments. Because the panorama evolves, the strategic integration of know-how and data-driven decision-making turns into paramount for stakeholders navigating the dynamic realms of decentralised applied sciences.