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Swapin
02-16
Weekly Crypto & Blockchain Update: Feb 9-15 Market Movements - Bitcoin is down 0.87% over the last 7 days, currently at $68,980 - Ethereum is sitting at $1,991 with a 3.78% decrease from the previous week - Last week’s top 3 gainers were PIPPIN (178.64%), H (58.98%), and STABLE (50.63%), while the top 3 losers were MYX (68.29%), APT (11.61%), and M (10.32%) - The crypto market’s Fear & Greed Index is at 12 Extreme Fear today (CMC) - Crypto market capitalization is at $2.36 trillion, down 2.67% since yesterday - Bitcoin's market cap dominance is currently at 58.4%, Ethereum at 10.2%, and other cryptocurrencies at 31.4% - Stablecoins' market capitalization has risen by 0.04% in the last 7 days, currently at $307 billion, with USDT dominance at 59.68% (DefiLlama) - NFT sales volume increased by 45.29% over the previous 7 days, while total transactions increased by 22.33% (CryptoSlam) Regulatory Developments - Treasury secretary Bessent urges passage of Clarity Act to stabilize crypto markets - Digital Chamber pushes for stablecoin rewards as banks resist in Senate crypto bill - DeFi Education Fund urges narrow definition of “control” in UK crypto regulations - Senior crypto executives join Commodity Futures Trading Commission advisory committee alongside Coinbase, Ripple and Nasdaq - BRICS countries weigh linking CBDCs to trade independently of the US financial system - Agant secures Financial Conduct Authority registration for pound stablecoin GBPA in UK - US banks urge Office of the Comptroller of the Currency to slow crypto charter approvals amid regulatory concerns - Thai Cabinet approves expansion of derivatives law to include crypto assets - Paxful fined $4 million over transfers tied to money laundering schemes - Democrats criticize U.S. Securities and Exchange Commission chair over dismissed crypto lawsuits involving Binance and Justin Sun - Financial Conduct Authority launches legal action against HTX over alleged illegal crypto promotions - Danske Bank adds bitcoin and ethereum ETPs to meet rising client demand - Fintech groups push for direct access to US payment rails through Federal Reserve accounts Investments, Partnerships, & Acquisitions - Coinbase rolls out agentic wallets to power autonomous AI payments infrastructure - Beast Industries to acquire Step banking app after crypto trademark filing Crypto Security - Wallet tied to $200 million Mixin Network hack begins moving funds - Connecticut man charged with defrauding crypto investors of $1 million and gambling away funds - Braden John Karony sentenced to 100 months in prison for defrauding SafeMoon investors - Supreme Court of Cyprus allows police to open safe deposit boxes in €700 million crypto laundering case More Industry/Market Updates - Binance fires compliance staff who raised potential Iran sanctions violations: report - On-chain indicators signal uncertainty around Bitcoin’s potential bottom - Binance converts SAFU fund entirely into bitcoin, now holding $1 billion in BTC - Bithumb explores legal options after mistakenly distributing $43 billion in bitcoin Have a successful new week ahead! 🤝 - Swapin Team
STABLE
2.63%
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