Weekly Crypto Recap - Week 8 2023, 19-26 Feb
Welcome to Blockverse Capital's Weekly Crypto Insights, your go-to source for the latest updates and trends in the world of blockchain. On a weekly basis we'll cover a subset of the top indicators and relevant news
State of Crypto - Key Indicators
- Overall, 11 indicators are negative for last week and only 6 are positive, leading to a 36.1 rating for week 8.
- Positive is the fundraising trend which picked up to 264m vs. 218.8m in Week 7.
- #ethereum continues to be deflationary and 7 day new addresses increases vs previous week
- Social mentions of #Bitcoin increased by almost 10% whereas google searches were down on the other hand.
Top Crypto News Articles of the Week:
- Wormhole hacker tastes his own medicine as Oasis exploits its own wallet and reclaimed 140m USD Source: Coindesk Source 2: Blockworks
- SEC triggers run on out of BUSD Source: Blockworks
- Stablecoin dominance drops to 9 months lows Source: Blockworks
- Crytpo Regulation is coming, will be based on fsb/imf synthesis paper Source: Coindesk
- Top MT Gox Creditor opts for #bitcoin payout Source: bloomberg
- #coinbase launches #layer2 called Base Source: Coinmarketcap
- EU calls for fast track crypto capital rules for banks Source: Reuters
- North Korea supposedly stole more than 1.7bn USD in Crypto in 2022 Source: The Economist
- Companies raised over 260m last week, including China reaction, a semiconductor focused on blockchain raising 70m. Source: Alexa Blockchain
- 2 major exchanges failed to block sanctioned Russians Source: Politico