Monday Crypto Industry Update: Jan 6-12 📰
📊Market Highlights
- Bitcoin is down 6.1% over the last 7 days, currently at $93,000
- Ethereum is currently sitting at $3,160 with a 13% decrease last week
- Last week’s top 3 gainers were BGB (+6%), XDC (+4%), and XRP (+2%), while top 3 losers were AI16Z (-47%), VIRTUAL (-41%), and SPX (-36%)
- Crypto market’s Fear & Greed Index is at 47 Neutral today
- Crypto market capitalization at $3.23 trillion, down 1.97% since yesterday
- Stablecoins market capitalization is up 0.08% in last 7 days, currently at $206 billion
- NFT sales volume is down 29% in the last 7 days while total sales decreased by 5% with 357,380 sales
🌐Blockchain Tech & Gaming
- Lending platform Compound Finance adds Ethena’s stablecoin and Mantle’s liquid staking token to its platform
- Starknet launches Starknet Stack to allow developers build custom blockchains using their ZK technology
- Stablecoin issuer Agora and asset manager Galaxy complete first live transaction with Agora’s stablecoin AUSD
📃Regulatory Updates
- New Hampshire and North Dakota became latest US states to introduce bills for a strategic Bitcoin reserve
- Bybit suspends services in India due to regulatory developments
- Mango Markets, a Solana-based DEX, to close operations after SEC settlement
- Singapore restricts access to Polymarket due to unlicensed gambling operations
- Thailand to launch a crypto payments pilot program in Phuket this year, allowing tourists to use Bitcoin for transactions
💰Investments & Partnerships
- Web3 AI-based creator platform Oh has raised $4.5 billion in seed funding round, its main product is OhChat that allows creators create a digital twin
- https://t.co/BoZInGWmuv launched a $10 million accelerator for startups in AI agents, quantum computing and high-performance technology
- Blockchain gaming firm Illuvium partners with AI agent protocol Virtuals to bring autonomous AI NPCs to its games
- Ripple partners with Chainlink to improve the adoption of RLUSD stablecoin in decentralized finance applications
🛡️Crypto Security
- Millions of compromised OpenSea user email addresses in 2022 have now been publicized online, leaving victims to phishing and scamming attacks
- Litecoin’s X account was hacked over the weekend to promote a fake token on Solana network
- Fake OKX plugin found in Firefox browser store to steal sensitive information and funds
- AI agent platform Virtual Protocol Discord server hacked and multiple fraudulent Virtuals Protocol links posted on Google Search
🗞️Miscellaneous
- The Giving Block, a firm that works with nonprofits to help with crypto donations, has set up an emergency fundraiser for victims of California wildfires
- Meta shareholder E. Peck submitted a proposal to Meta to convert some of its treasury into Bitcoin
- World, previously known as Worldcoin, announced it reached 10 million verified users on its network
- Financial services firm Block could become the first company with a Bitcoin strategy to be listed in the S&P 500
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Have a successful week ahead!🤝