Kyptos Weekly (February 6 – February 12): US legislation weighs heavily on the market

Despite the continuation of the much-anticipated updates from top projects, the crypto market this past week was completely overshadowed by the news that the US Securities and Exchange Commission (SEC) was putting crypto staking “in the spotlight.” watch” and issue warnings to companies that support this service.

Let’s review it all with Kyptos to make sure you don’t miss any important news! 😉

Top Cryptocurrencies Value Movements from 7 days ago, screenshot at 08:40 AM on 12/02/2023. Source: Coin360

📌 Kyptos Originals – Must-read articles

– Kyptos Blog: Checks NFT and the “magic” of green ticks

Ancient8 Research: ChatGPT – OpenAI: JARVIS virtual assistant in the real world

📺 Kyptos TV

DeFi Discussion ep.82: Decentralized Finance is being “standardized”

Weekly news: Why is Mark Zuckerberg so “trying to eat sticky rice” with Metaverse?

68 Trading: Facts about trading that you may not know

📰 News point

Central point 🔥

Bitcoin and the crypto market “red on fire” because of the series of US news of legal suppression of Kraken and Paxos

Binance Stop supporting USD deposit and withdrawal because of losing banking partner

– Coinbase CEO: The SEC can Cryptocurrency staking ban – SEC Chairman issued a warning

Altcoins rallied: OKB, RNDR, SAND, AI array token, GFT, GARI, STG, RPL

Big Cap

Tether announced the latest asset report, profit of 700 million USD in the fourth quarter of 2022

USD 4.7 billion stablecoin USDC burned in the last 24 hours

Optimism Announcement of 2nd round of airdrop – OP price drops deeply

Aave conduct test of stablecoin GHO on testnet

Chiliz Launch of new layer-1 blockchain, CHZ price up 20%

Acala launches EVM-compatible support solution for Polkadot projects

TRON establish a funding fund of 100 million USD for AI projects

– Coinbase Reveals Clues About Lens Protocol token

DeFi and Layer 2 🦄

Uniswap approved the proposal to deploy to BNB Chain via Wormhole bridge

Lido Finance introduce V2 for withdrawing staking ETH

MakerDAO Chainlink integration helps stabilize DAI

CowSwap hacked and the remarkable details

DeFi array TVL 27% increase in January 2023

Trader Joe shaking hands with LayerZero, allowing the transfer of JOE tokens to multichain

Trust Wallet hacked and the explanation from the platform

– DeFi giants launch a campaign to increase awareness about decentralization

StarkWare chooses Chainlink as an oracle provider for StarkNet

NFT, GameFi and Metaverse 🖼🎮🌐

Bitcoin NFT exploded with more than 13,000 mints Ordinals

The Sandbox (SAND) signed a metaverse cooperation agreement with Saudi Arabia

Game NFT Dookey Dash by Yuga Labs ends with $73 million in volume

Louis Vuitton shake hands with “Queen of polka dots” to release NFT

– Brand of bags Hermes Birkin won a lawsuit against the NFT project for “stealing the design”

Large organizations 💰

PayPal holding 604 million USD of customer crypto coins

Digital Currency Group sell treasury shares of Grayscale

Genesis reached an agreement to handle the bankruptcy case with creditors

– The founder of 3AC launches a new exchange Open Exchange (OPNX)

FTX ask politicians to return donations

– 10 years old P2P crypto exchange LocalBitcoins close the door

Legal and Reception

Korea send people to Serbia to search Do Kwon

Dubai ban cryptocurrencies that promote anonymity

– Why? Super Bowl this year “absence” of crypto advertising?

North Korean Hackers “fishing” more than 1 billion USD in cryptocurrency in 2022

Synthetic Kyptos

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