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 โ€œin the spotlight.โ€ watchโ€ 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! ๐Ÿ˜‰

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

๐Ÿ“Œ Kyptos Originals โ€“ Must-read articles

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

โ€“ Ancient8 Research: ChatGPT โ€“ OpenAI: JARVIS virtual assistant in the real world

๐Ÿ“บ Kyptos TV

โ€“ DeFi Discussion ep.82: Decentralized Finance is being โ€œstandardizedโ€

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

โ€“ 68 Trading: Facts about trading that you may not know

๐Ÿ“ฐ News point

Central point ๐Ÿ”ฅ

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

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

โ€“ Coinbase CEO: The SEC can Cryptocurrency staking ban โ€“ SEC Chairman issued a warning

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

Big Cap

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

โ€“ USD 4.7 billion stablecoin USDC burned in the last 24 hours

โ€“ Optimism Announcement of 2nd round of airdrop โ€“ OP price drops deeply

โ€“ Aave conduct test of stablecoin GHO on testnet

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

โ€“ Acala launches EVM-compatible support solution for Polkadot projects

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

โ€“ Coinbase Reveals Clues About Lens Protocol token

DeFi and Layer 2 ๐Ÿฆ„

โ€“ Uniswap approved the proposal to deploy to BNB Chain via Wormhole bridge

โ€“ Lido Finance introduce V2 for withdrawing staking ETH

โ€“ MakerDAO Chainlink integration helps stabilize DAI

โ€“ CowSwap hacked and the remarkable details

โ€“ DeFi array TVL 27% increase in January 2023

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

โ€“ Trust Wallet hacked and the explanation from the platform

โ€“ DeFi giants launch a campaign to increase awareness about decentralization

โ€“ StarkWare chooses Chainlink as an oracle provider for StarkNet

NFT, GameFi and Metaverse ๐Ÿ–ผ๐ŸŽฎ๐ŸŒ

โ€“ Bitcoin NFT exploded with more than 13,000 mints Ordinals

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

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

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

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

Large organizations ๐Ÿ’ฐ

โ€“ PayPal holding 604 million USD of customer crypto coins

โ€“ Digital Currency Group sell treasury shares of Grayscale

โ€“ Genesis reached an agreement to handle the bankruptcy case with creditors

โ€“ The founder of 3AC launches a new exchange Open Exchange (OPNX)

โ€“ FTX ask politicians to return donations

โ€“ 10 years old P2P crypto exchange LocalBitcoins close the door

Legal and Reception ๏ธ

โ€“ Korea send people to Serbia to search Do Kwon

โ€“ Dubai ban cryptocurrencies that promote anonymity

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

โ€“ North Korean Hackers โ€œfishingโ€ more than 1 billion USD in cryptocurrency in 2022

Synthetic Kyptos

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