Crypto News Weekly Recap #166 📣
— SEC postponed 7 applications for Spot Bitcoin ETF
— Grayscale wins lawsuit against SEC
— Twitter (X) acquires required license to add crypto payments
— Binance may withdraw from Russia
— US unveils new crypto tax reporting guidelines
— SWIFT has successfully tested a system that integrates digital assets with payment systems
— Bitcoin sees 11% decrease in August
— Binance will stop supporting BUSD in 2024
👉 https://cryptorank.io/news
Top 10 Gainers of the Week 📈
$SHPING +218%
$CYBER +83.9%
$UNFI +79%
$NMR +78.4%
$PROM +31.3%
$API3 +30.2%
$TAMA +27.7%
$VELO +26.6%
$TON +25.7%
$ARK +25%
👉 https://cryptorank.io/performance
Top 7 Token Unlocks of the Upcoming Week
The following tokens with the largest unlock amount will be unlocked next week:
- ImmutableX ($22.6M)
- STEPN ($17.1M)
- Near Protocol ($10.7M)
- WazirX ($2.94M)
- ChainGPT ($2.20M)
- Galxe ($1.24M)
- Vela ($1.15M)
👉 https://cryptorank.io/token-unlock
Monthly Derivatives Trading Volume Down 12.1% in August
Huobi saw the largest decrease in volume (-32.3%), while Deribit showed a 21.5% increase in derivatives trading volume in August.
👉 https://cryptorank.io/exchanges/derivatives
Bitcoin Sees 11% Decrease in August 🔻
Bitcoin closed August 2023 with a price decrease of -11.2%, significantly below the average.
It is worth noting that September has historically been the worst month for Bitcoin, with an average return of -5.25% over the past 10 years.
You can see monthly and quarterly returns on CryptoRank.io.
👉https://cryptorank.io/price/bitcoin
📈Market Overview
Bitcoin price trades near $26K. The top-10 cryptos are traded in red zone:
Solana -4.85%
BNB -4.48%
XRP -4.21%
Market capitalization: $1.16T (-3.41%)
The BTC dominance: 43.76% (-1.3%)
Fear & Greed Index: 40 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
RSS3 (RSS3) +30.7%
JOE (JOE) +28.7%
BitMEX Token (BMEX) +19.8%
👉 Recent Funding Rounds
DeForm $4.6M seed round led by Kindred Ventures
Stroom Network $3.5M seed round led by Greenfield Capital
Coral Finance $500K funding round with participation from Momentum Capital
BTC Futures
Aggregated Volume — $42.5B
Aggregated Open Interest — $7.8B
👉 Derivatives Market Analytics
Crypto Lost $361.7M in 31 Hacks this Summer
DeFi projects remain the most vulnerable area for crypto hacks and scams, accounting for 84% of hacks this summer.
The $126M Multichain hack was the largest hack of the summer, followed by Atomic Wallet ($100M) and Curve ($61.7M).
👉 https://cryptorank.io/performance
The Latest Breaking News 📣
— Ethereum foundation introduced the Ethereum Execution Layer Specification (EELS)
— Robinhood and Jump Trading end crypto partnership
— Crypto bank SEBA obtains approval-in-principle in Hong Kong for crypto-related services
— Curve Finance Integrated With Base
— OKX releases the tenth proof of reserve
👉 https://cryptorank.io/news
1inch Dominates DEX Aggregator Market by Trading Volume
1inch is the leading Dex aggregator with $4.3B trading volume in the last 30D (48.6% market share).
Ox Protocol leads by the number of active users at the same period of time.
👉 https://cryptorank.io/tags/dex-aggregator
Monthly NFT Sales Volume By Blockchain
Despite a significant decline of -40%, Ethereum remains the leading position among other blockchains in terms of NFT sales volume. NFT sales volume on Bitcoin declined by 83.6% in August. Mythos and Flow are the only blockchains among the top 10 that showed a positive trend.
👉https://cryptorank.io/categories/non-fungible-tokens-nft
The Latest Breaking News 📣
— Grayscale wins lawsuit against SEC
— SEC's secret Binance court filing has observers bracing for bad news
— Twitter (X) acquires required license to add crypto payments
— Binance will stop supporting BUSD in 2024
— About $120M of positions gets liquidated due to BTC price rise
👉 https://cryptorank.io/news
About $120M of Positions Gets Liquidated Due to BTC Price Rise Above $27,500
Due to the recent Bitcoin price rise, about $120M in longs and shorts was liquidated from the leading derivatives exchanges in the past 4 hours:
- $36M on OKX;
- $33M on Binance;
- $17M on Huobi;
- $15M on Bybit;
- $10M on Deribit.
👉 https://cryptorank.io/derivatives-analytics/bitcoin
Top 10 Upcoming Token Unlocks in September 🔓
The following token unlocks with the highest value will happen in September:
AVAX ($98.88M)
BIT ($71.95M)
HBAR ($60.17M)
APE ($56.92M)
UNI ($38.14M)
TRIBL ($36.86M)
SUI ($36.29M)
FIL ($28.55M)
APT ($25.58M)
IMX ($22.56M)
👉https://cryptorank.io/token-unlock
The Latest Breaking News 📣
— Binance may withdraw from Russia
— US unveils new crypto tax reporting guidelines
— DCG nears 90% recovery in Genesis Creditors' Resolution
— Polygon unveils massive technical upgrade to MATIC With POL
— Balancer attackers now accrues $2.1M in profits
👉 https://cryptorank.io/news
DeFi Total Value Locked Overview
The total value locked (TVL) across all DeFi protocols has seen a significant decline of -11.6%.
Ethereum and TRON have strengthened their market domination in terms of TVL, with a combined share of over 78%.
👉https://cryptorank.io/category/defi
📈Market Overview
Bitcoin price trades below $26K. The top-10 cryptos are traded in different directions:
Solana +1.41%
Cardano +0.46%
Dogecoin -0.68%
Market capitalization: $1.16T (+0.14%)
The BTC dominance: 43.76% (+0.03%)
Fear & Greed Index: 40 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Gitcoin (GTC) +32%
Bluzelle (BLZ) +27.1%
Ark (ARK) +22.8%
👉 Recent Funding Rounds
DeForm $4.6M seed round led by Kindred Ventures
Stroom Network $3.5M seed round led by Greenfield Capital
Coral Finance $500K funding round with participation from Momentum Capital
BTC Futures
Aggregated Volume — $12.8B
Aggregated Open Interest — $7.6B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin price trades below $26K. The top-10 cryptos are traded in different directions:
XRP +1.07%
Bitcoin +0.5%
Solana -0.79%
Market capitalization: $1.15T (+0.23%)
The BTC dominance: 43.76% (+0.26%)
Fear & Greed Index: 40 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Numeraire (NMR) +31.5%
Unifi Protocol DAO (UNFI) +28.2%
chrono.tech (TIME) +23.3%
👉 Recent Funding Rounds
DeForm $4.6M seed round led by Kindred Ventures
Stroom Network $3.5M seed round led by Greenfield Capital
Tako Protocol $2M Pre Seed funding round with participation from DWF Labs, Mask Network, and RSS3
BTC Futures
Aggregated Volume — $8.2B
Aggregated Open Interest — $7.6B
👉 Derivatives Market Analytics
📈Market Overview
Bitcoin price trades below $26K. The top-10 cryptos are traded in red zone:
XRP -1.37%
Solana -1.11%
Ethereum -0.75%
Market capitalization: $1.15T (-0.53%)
The BTC dominance: 43.68% (-0.13%)
Fear & Greed Index: 39 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Shping (SHPING) +85.1%
Numeraire (NMR) +51.6%
Creditcoin (CTC) +19.5%
👉 Recent Funding Rounds
DeForm $4.6M seed round led by Kindred Ventures
Stroom Network $3.5M seed round led by Greenfield Capital
Tako Protocol $2M Pre Seed funding round with participation from DWF Labs, Mask Network, and RSS3
BTC Futures
Aggregated Volume — $27.5B
Aggregated Open Interest — $7.5B
👉 Derivatives Market Analytics
Top Gainers in August 2023
Discover the best performing projects of the month.
👉https://cryptorank.io/performance
The Latest Breaking News 📣
— SEC postponed 7 applications for Spot Bitcoin ETF
— SWIFT has successfully tested a system that integrates digital assets with payment systems
— Google Cloud and El Salvador partner for Web3 Infrastructure
— HashKey Capital forms liquid fund with heavy altcoin focus
— PancakeSwap now expands to Base Network
👉 https://cryptorank.io/news
Monthly Spot Exchange Volume Decreased by 8.3% in August
In August, the monthly spot exchange volume (adjusted) on the major centralized exchanges fell by 8.3% (MoM).
Only Huobi and Crypto.com showed an increase in spot trading volume among major exchanges.
👉 https://cryptorank.io/exchanges
GBTC's Discount to NAV Narrowed to 18% After The Court Victory
GBTC price showed a significant increase after Grayscale won a lawsuit against the SEC, narrowing its discount to net asset value.
👉 https://cryptorank.io/ico/grayscale-bitcoin-trust
📈Market Overview
Bitcoin price trades above $27K. The top-10 cryptos are traded in different directions:
Dogecoin +1.05%
Solana -3.82%
XRP -1.15%
Market capitalization: $1.2T (-0.57%)
The BTC dominance: 44.34% (+0.05%)
Fear & Greed Index: 52 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
PIVX (PIVX)+31.6%
CyberConnect (CYBER) +18.6%
SwftCoin (SWFTC) +15.8%
👉 Recent Funding Rounds
IronMill $2.6M pre-seed round led by gumi Cryptos
Coral Finance $500K funding round with participation from Momentum Capital
Lyvely seed round with participation from Cypher Capital
BTC Futures
Aggregated Volume — $20.4B
Aggregated Open Interest — $8.2B
👉 Derivatives Market Analytics
❗️CryptoRank Portfolio Tracker Now Supports zkSync Era
We have just added support of zkSync Era blockchain to our DeFi Portfolio Tracker!
You can now track, and manage all of your crypto assets on zkSync Era using CryptoRank Portfolio Tracker.
👉 https://cryptorank.io/portfolio
Best Performing Large Cap Cryptocurrencies over the Last 24H 🔥
$STX +18.6%
$BCH +15.8%
$TON +14.5%
$KAS +8.9%
$BSV +8.6%
$RUNE +8.3%
$EOS +8.26%
$XEC +8%
$CFX +7.7%
$FTM +7.5%
👉 https://cryptorank.io/performance
📈Market Overview
Bitcoin price rallies above $27K after the news about Grayscale victory in the lawsuit against SEC. The top-10 cryptos are also traded in green zone:
Solana +6.53%
Bitcoin +5.5%
Ethereum +4.28%
Market capitalization: $1.21T (+3.98%)
The BTC dominance: 44.33% (+1.47%)
Fear & Greed Index: 49 (Neutral)
https://cryptorank.io/heatmaps
👉 Top Gainers
CyberConnect (CYBER) +104.5%
Unifi Protocol DAO (UNFI) +20.6%
Arkham (ARKM) +20.1%
👉 Recent Funding Rounds
FirstMate $3.75M funding round led by DragonFly Capital
BuidlerDAO $2M angel round led by Sequoia Capital China and SevenX Ventures
BitOasis funding round with participation from CoinDCX
BTC Futures
Aggregated Volume — $59.5B
Aggregated Open Interest — $8.4B
👉 Derivatives Market Analytics
Grayscale Wins Lawsuit Against SEC
The U.S. may be about to get its first spot bitcoin exchange-traded fund, after a federal court ruled that the U.S. SEC must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF.
👉 https://www.coindesk.com/policy/2023/08/29/sec-must-review-grayscales-etf-bid-appeals-court-rules/
Most Popular Cryptocurrencies on Social Networks
Bitcoin leads by total social mentions and engagements in the last 30D, followed by Ethereum and XRP.
👉 https://cryptorank.io/performance
📈Market Overview
Bitcoin price trades slightly above $26K. The top-10 cryptos are traded in different directions:
Solana -0.07%
Cardano +1.52%
Dogecoin +1.01%
Market capitalization: $1.16T (+0.3%)
The BTC dominance: 43.69% (+0.07%)
Fear & Greed Index: 39 (Fear)
https://cryptorank.io/heatmaps
👉 Top Gainers
Syscoin (SYS) +26.8%
Open Exchange Token (OX) +17.8%
Dogelon Mars (ELON) +17.4%
👉 Recent Funding Rounds
FirstMate $3.75M funding round led by DragonFly Capital
BuidlerDAO $2M angel round led by Sequoia Capital China and SevenX Ventures
Cryptoworth strategic round led by CMT Digital
BTC Futures
Aggregated Volume — $16.3B
Aggregated Open Interest — $7.8B
👉 Derivatives Market Analytics
Top 10 Projects by 7D Fees Growth
MakerDAO leads, followed by Internet Computer, Manifold.xyz, and StakeWise.
👉 https://cryptorank.io/performance