Coin68 Weekly Weekly (January 31 - February 6): Green New Year's Eve
The crypto market welcomed the New Year of the Tiger with a sharp bounce after a dismal two-week correction. In addition to Bitcoin's strong rise to nearly $42,000, altcoins are also releasing a lot of good news for a new year with lots of new potential.
Let's review it all with Coin68 to make sure you don't miss any important news! 😉
Movement in value of leading cryptocurrencies compared to 7 days ago, statistics taken at 09:55 AM on February 6, 2022.Source: Coin360📌 Coin68 Originals – Must-read articles
📺 Coin68 TV
– DeFi Discussion ep.30: Le Thanh (Coin98 Co-Founder) – Keep an “open mind” to be ready to accept opportunities
The focal point 🔥
Bitcoin surges to nearly $42,000 thanks to Bitfinex and MicroStrategy “bottom fishing” news
– Wormhole cross-chain bridge on Solana was attacked, 325 million USD in damage
– The US House of Representatives simultaneously opened a hearing on stablecoins in February
Big Cap
– ETH gas fees down 53% in just 1 month amid market slump
– Vitalik Buterin Confirms Supporting Dogecoin (DOGE) Moving To Proof-of-Stake
– Litecoin (LTC) Launches Mimblewimble Upgrade
– Solana (SOL) launches Solana Pay payment platform
– Transactions and smart contracts on Tezos (XTZ) spiked
– Internet Computer (ICP) announced the 2022 roadmap, bringing both Bitcoin and Ethereum to the ecosystem
– Metaverse token grew strongly despite Meta (Facebook) stock falling into “crisis”
DeFi _
– Over 1 billion USD of ETH was burned in the past month as the NFT market extended its hand to “save” Ethereum
– USDC stablecoin expands to blockchain Flow
– Polygon (MATIC) hits 7,000 dApp milestone, beating Ethereum’s daily trading volume
NFT , Games and Metaverse
– NFT Bored Ape Yacht Club (BAYC) floor price exceeds 100 ETH, more celebrities buy
– Coachella Music Festival opens for sale NFT
– New Balance becomes the next sports “giant” to enter the metaverse
Investments from large institutions
– FTX floor valuation reached 32 billion USD after the latest funding round of 400 million USD
– Grayscale Launches Bitcoin Indirect Investment ETF
– Consensys acquired the MyCrypto wallet , the plan to merge with MetaMask “dominated” the Web3 wallet market
– Solana's Phantom Wallet raises $109 million, launches mobile version
– SAFU Insurance Fund for Binance Users Reaches $1 Billion
– “Big guy” VanEck launches an altcoin-focused investment fund for the first time
Legal and Reception ⚖️
– The US Treasury Department “revives” controversial crypto wallet regulation
– The Russian government agrees to build a roadmap to regulate cryptocurrencies instead of banning , Russians “ hoard” $ 200 billion in crypto
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