Bitcoin (BTC) closed the week up only 0.97%, while Ethereum (ETH) continued its domination, increasing by 17.18% during the week. The total market capitalization of cryptography increased by 3.13% to finish the week to 4.084 T $, against 3,960 T $ the previous week.
This week’s liquidations started in the short term, with a strong bullish movement during the weekend to Monday, but Momentum quickly overturned on Thursday, liquidating nearly $ 900 million in one day. While funding rates have generally dropped, notable exceptions and soil have seen an increase in funding during the week.
📌 Peter Thiel supported Crypto Exchange, bullish, the IPO successfully collecting $ 1.1 billion. – Link
📌 The secretary of the United States of the Treasury, Bessent, said that the United States government will not buy Bitcoin for its strategic reserve, but will rather maintain that bitcoin currently seized under his care. – Link
📌 Leader Eth Treasury Company, Bitmin Immersion Technologies, file a stock offer of $ 20 billion to accelerate their ETH purchases. – Link
Why is it important?
The traditional and cryptographic markets began the strong week, more supported by a solid IPC reading at the start of the week. However, PPI launched a curve for the market, pouring the cryptographic markets, while the traditional markets remained largely not affected by the figures. The S&P 500 climbed 1.78% this week, while the Nasdaq increased 1.60% in the same period.
See CMC Gaires & Losers Board
The Stablecoins take up the spotlights while the main players intervene to launch their own stablecoin and their payment chains.
📌 Circle announces arc plans, an L1 focused on the USDC, with plans to deploy Testnet in the coming months. – Link
📌 Stripe announces their collaboration with the VC, paradigm research firm, to launch their own payments, tempo. – Link
📌 Stable chain with back dosage, plasma, integrates Pendle and Aave, strengthening their ecosystem for Maint de Maint. – Link
Why is it important?
The climb of the stable-oriented channels could potentially highlight the inability for existing channels to follow what traditional financial companies are looking for their use cases, perhaps combing a lower case for outgoing L1s.
📌 Mining pool, Qubic, tries a 51% takeover on the Monero network, successfully reaching 51% of the network’s hashrate after a month’s “experience”. – Link
📌 OKX announces an upgrade of their blockchain, x layer, burning Okb 65 m tokens, fixing their total diet of tokens at 21 m, resulting in an appreciation of the 3x price of the OKB token. – Link
📌 The interoperability protocol, Layerzero, proposes to acquire a bristing protocol, Stargate, thanks to an acquisition of $ 110 million from the Stg token. – Link
📌 The tokenized stocks platform, Dinari Global, announces plans to deploy its own L1, powered by Avalanche, in order to facilitate the negotiation of tokenized chain token. – Link
📌 Coinbase completes the acquisition of exchange of centralized options, drunken. – Link
Why is it important?
The attack experience of 51% of Qubic continues to highlight increasing centralization in the same L1 like Monero, due to the domination of mining pools.
Source: https://coinmarketcap.com/chain-ranking/
📌 Uniswap Foundation offers for the formation of a new legal entity as a Duna of Wyoming, to grant recognition of the real world of UNISWAP governance, potentially opening the door to the long -awaited cost switch. – Link
📌 Perpetual, extended Dex, is put online on Starknet. Users who are currently on Starkex will have to migrate to continue to earn points. – Link
📌 The DEX base, aerodrome, fits into Coinbase One, allowing Coinbase One members to pay zero additional costs when using the aerodrome via Coinbase, with additional advantages of locking aerodynamic tokens. – Link
Why is it important?
The recent Uniswap decision shows that the passage of older projects in order to provide an accumulation of appropriate value to tokens in order to remain relevant in an industry increasingly motivated by traditional financing flows.
📌 Web3 learning platform, Hack Quest, collects $ 4.1 million in a pre-fin funding led by Open Campus and Animoca Brands, with the support of Stepn, Gate Ventures, Hashkey, Outlative Ventures, and more. – Link
📌 The payment infrastructure company, Transak, collects $ 16 million in a strategic round led by Tether and IDG Capital, with the participation of Primal Capital, 1Kx, Umami Capital and more. – Link
📌 Transfrontal payment infrastructure, HoneyCoin, collects $ 4.9 million in a financing tour led by Florish Ventures, with the support of Visa, Lava, Antler and more. – Link
📌 Shrapnel web 3 game project, collects $ 19.5 million in two finance laps, with the most recent round led by gala games, with other investors including Griffin Gaming Partners and Polychain Capital. – Link
📌 Lens presents the objective token distributor, distributing the GHO to users eligible directly to their objective accounts according to their activity and their contribution. – Link
📌 Hyperevm liquidity layer, Mizu Labs, launches the Mizu points, allowing users to check their points accumulated so far. – Link
Source: @Cobia
Guess who is back, back? Cobie is the back, tell a friend.
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