This evaluation report, backed by high quality knowledge, covers the key developments the Web3, Blockchain and Crypto sector has skilled this week.
1. Breaking Information This Week
- Warning Issued to Shiba Inu Group Amid Rising Phishing Scams
Shiba Inu’s advertising and marketing strategist alerts customers about phishing hyperlinks from hacked accounts, emphasising warning towards connecting wallets to suspicious web sites.
- Former FTX CEO Sam Bankman-Fried Receives 25-12 months Sentence
Sam Bankman-Fried, founding father of FTX change, faces a 25-year sentence for legal expenses. The sentencing follows his conviction on seven counts, marking a major improvement within the authorized panorama surrounding cryptocurrency executives and their accountability for his or her actions.
- New Staking ETP Launched to Capitalise on Toncoin Development
A distinguished ETP issuer unveils a brand new product, enabling traders to stake Toncoin and capitalise on The Open Community’s growth.
- Hashdex Bitcoin Futures ETF Renamed to Hashdex Bitcoin ETF
Hashdex collaborates with Tidal Investments LLC to transform its Bitcoin Futures ETF to a spot ETF, buying and selling beneath the ticker ‘DEFI.’ The transfer goals to align the fund with spot market dynamics.
- Issues Raised Over SEC’s Method to Ethereum Regulation
US congressional committees specific issues concerning the SEC’s dealing with of Ethereum regulation, notably in response to Prometheum’s plans for institutional custody providers.
- Munchables Hacker Returns Stolen Funds
The hacker behind the Munchables exploit returns stolen Ether value $62 million. In the meantime, speculations come up in regards to the hacker’s attainable ties to North Korea.
- Consolidation of 2010 Bitcoin Reward Raises Hypothesis
An unidentified entity consolidates 2,000 Bitcoin mined in 2010 right into a single pockets, attracting consideration inside the cryptocurrency neighborhood. The consolidation sparks speculations in regards to the motivations behind the transfer.
- COTI and Civic Associate to Improve Digital Id Administration
COTI and Civic announce a partnership to empower customers with confidentiality and self-sovereignty over their digital identities. Leveraging COTI’s V2’s Ethereum-based confidentiality layer, the alliance goals to advance decentralised id administration.
- Main AI and Internet 3 Firms Merge Tokens to Advance Superintelligence
Fetch.AI, SingularityNET, and Ocean Protocol merge their native tokens into ASI, owned by the Superintelligence Collective, to advance synthetic superintelligence analysis.
- Tether Embraces AI Growth to Improve Stablecoin Expertise
Tether declares plans to accentuate its concentrate on synthetic intelligence, aiming to reinforce effectivity and accessibility within the know-how sector.
- Worldcoin’s Eyeball Scan Mission Attracts Regulatory Scrutiny in Europe
Worldcoin’s “proof of personhood” undertaking faces scrutiny over its biometric knowledge assortment technique in Europe. Portugal’s CNPD instructs a 90-day pause on date assortment.
- CommEX Crypto Trade Ceases Russian Operations Amid Regulatory Stress
CommEX, which took over Binance’s Russian operations, declares its exit from the nation. This resolution aligns with Binance’s departure plan initiated in 2023.
- Choose Sanctions SEC for Misconduct in Cryptocurrency Agency Case
U.S. District Choose Rober Shelby imposes sanctions on the SEC for severe misconduct within the DEBT Field authorized motion. The ruling criticises the SEC’s dealing with, highlighting issues about abuse of energy.
- UN Report Reveals North Korea’s Cyberattack Involvement in Cryptocurrency
The UN Safety Council releases a report revealing North Korea’s vital earnings from cyberattacks, with 50% attributed to cryptocurrency-related actions.
2. Blockchain Efficiency
On this part, we are going to analyse two elements primarily: the top-performing blockchains based mostly solely on their 7-day change and the highest performers among the many high 5 blockchains with the best TVL.
2.1. Prime Blockchain Performers by 7-Day Change
This week’s high blockchain performers, based mostly on their 7-day change, are Kardia, Chiliz, BEVM, zkLink, and Merlin.
| Blockchain | 7-Day Change (in %) | TVL |
| Kardia | +1664% | $9.64M |
| Chiliz | +705% | $89,789 |
| BEVM | +419% | $242,549 |
| zkLink | +239% | $1.38M |
| Merlin | +143% | $97.73M |
Kardia surged by 1664%, main the blockchain market, with Chiliz intently following at 705%. BEVM and zkLink additionally skilled substantial features at 419% and 239%, respectively. Merlin exhibited a notable improve of 143%.
2.2. Prime Performers: 7-Day Change in Prime 5 Blockchains with Highest TVL
Ethereum, TRON, BNB Sensible Chain, Solana, and Arbitrum One are the highest 5 blockchains available in the market on the premise of TVL and market dominance. Let’s see how the highest 5 blockchains have carried out this week, utilizing 7-day TVL change.
| Blockchain | Dominance (in %) | 7d Change (in %) | TVL (in Billion) |
| Ethereum | 60.87% | +9.0% | $55,521,747,624 |
| TRON | 11.06% | +8.8% | $10,085,867,744 |
| BNB Sensible Chan | 6.88% | +7.6% | $6,272,772,663 |
| Solana | 5.39% | +22.8% | $4,915,867,444 |
| Arbitrum One | 4.58% | +8.5% | $4,177,062,616 |
| Others | 11.22% |
Over the previous week, Solana exhibited the best 7-day change in Complete Worth Locked at 22.8%, adopted by Ethereum at 9.0%. TRON, BNB Sensible Chain, and Arbitrum One additionally demonstrated notable will increase in TVL at 8.8%, 7.6%, and eight.5%, respectively.
3. Crypto Market Evaluation
The crypto 7-day value change and dominance evaluation and high features and losers evaluation are the 2 prime areas of the crypto market evaluation.
3.1. Crypto 7-D Value Change and Dominance Evaluation
Bitcoin, Ethereum, Tether, BNB, and Solana are the highest cryptocurrency as per the market cap and dominance indices. Let’s analyse their seven-day value change.
| Cryptocurrency | 7-D Change (in %) | Dominance Share | Value | Market Cap |
| BTC | +9.7% | 49.54% | $69,946.54 | $1,378,457,507,060 |
| ETH | +5.6% | 15.21% | $3,499.52 | $422,248,684,079 |
| USDT | +0.1% | 3.77% | $0.9998 | $104,611,605,274 |
| BNB | +10.7% | 3.42% | $606.15 | $93,831,277,285 |
| SOL | +15.6% | 3.07% | $198.77 | $88,429,587,186 |
| Others | 24.99% |
Over the past week, Solana skilled the best value surge at 15.6%, adopted by Binance Coin at 10.7% and Bitcoin at 9.7%. Ethereum noticed a 5.6% improve, whereas Tether remained comparatively secure with a minimal 0.1% change.
3.2. Prime Gainers & Losers of the Week in Crypto Market
Right here is the record of high gainers and high losers of the week within the cryptocurrency market. The evaluation is made utilizing the 7-day Achieve and 7-day Lose indices.
3.2.1. Prime Gainers of the Week in Crypto
| Cryptocurrency | 7-Day Achieve | Value |
| dogwifhat | +102.97% | $4.55 |
| Core | +100.69% | $1.19 |
| Mantle | +58.50% | $1.27 |
| GateToken | +44.41% | $10.69 |
| Bitcoin Money | +40.81% | $596.52 |
Previously week, dogwifhat and Core displayed outstanding features at 102.97% and 100.69%, respectively, positioning them as high performers. Mantle adopted intently with a achieve of 58.50%. GateToken and Bitcoin Money additionally skilled notable will increase at 44.41% and 40.81%, respectively.
3.2.2. Prime Losers of the Week in Crypto
| Cryptocurrency | 7-Day Loss | Value |
| KuCoin Token | -22.67% | $10.83 |
| Bittensor | -12.26% | $521.39 |
| Fantom | -9.93% | $0.9759 |
| Akash Community | -2.87% | $5.10 |
| Kaspa | -2.62% | $0.1374 |
Over the previous week, KuCoin Token confronted the best loss at -22.67%, adopted by Bittensor at -12.26%. Fantom additionally skilled a notable lower of -9.93%. Akash Community and Kaspa confirmed comparatively smaller losses at -2.87% and -2.62%, respectively.
Additionally Verify Out The : Blockchain Analysis Report: Key Metrics and Insights for March 2024
3.3. Stablecoin Weekly Evaluation
Tether, USDC, DAI, First Digital USD, and Ethena USDe are the highest stablecoins available in the market by way of market capitalization. Let’s analyse their weekly efficiency utilizing seven-day market capitalisation, market dominance and buying and selling quantity indices.
| Stablecoins | Market Dominance (7d) [in %] | Market Capitalisation (7d) | Buying and selling Quantity (7d) | Market Capitalisation |
| Tether | 70.96% | $104,553,076,926 | $48,111,286,830 | $104,576,151,572 |
| USDC | 22.01% | $32,433,889,044 | $7,180,982,024 | $32,456,063,461 |
| Dai | 3.33% | $4,910,922,599 | $533,875,091 | $4,899,710,379 |
| First Digital USD | 1.74% | $2,560,453,704 | $6,899,236,201 | $2,561,623,998 |
| Ethena USDe | 1.02% | $1,505,632,078 | $271,076,742 | $1,522,755,360 |
| Others | 0.94% |
Tether maintained its dominance within the stablecoin market with 70.96%, adopted by USDC at 22.01%. Dai, First Digital USD, and Ethena USDe held smaller market shares at 3.33%, 1.74%, and 1.02%, respectively.
3.3.1. Stablecoin Weekly Value Evaluation
Let’s analyse the weekly efficiency of the highest stablecoins additional utilizing the seven-day value change index.
| Stablecoins | 7-Day Value Change (in %) | Value |
| Tether | +0.1% | $1.00 |
| USDC | +0.1% | $0.997 |
| Dai | +0.1% | $1 |
| First Digital USD | +0.7% | $1.01 |
| Ethena USDe | +0.4% | $1.00 |
Over the previous week, stablecoins exhibited minimal value fluctuations. First Digital USD confirmed the best improve at +0.7%, adopted by Ethena USDe at +0.4%. Tether, USDC, and Dai skilled slight modifications at +0.1%.
4. Bitcoin ETF Weekly Evaluation
Bitcoin Futures ETFs and Bitcoin Spot ETFs must be analysed individually, as a way to get the best image of the Bitcoin ETF market, as they signify two totally different segments. Let’s begin!
4.1. Bitcoin Futures ETF Weekly Evaluation
ProShares (BITO), VanEck (XBTF), Valkyrie (BTF), World X (BITS), and Ark/21 Shares (ARKA) are the highest Bitcoin Future ETFs, as per the Asset Beneath Administration index. Let’s use the worth change proportion index to analyse these ETFs.
| Bitcoin Futures ETFs | Value Change (Achieve/Loss) [in %] | Asset Beneath Administration (in Billion) | Value |
| ProShares | +3.33% | $598.78M | $32.30 |
| VanEck | +0.33% | $42.41M | $39.22 |
| Valkyrie | +2.87% | $38.20M | $21.16 |
| World X | +1.74% | $26.10M | $73.51 |
| Ark/21 Shares | +3.13% | $8.01M | $68.46 |
Over the previous interval, ProShares (BITO) and Ark/21 Shares (ARKA) Bitcoin Futures ETFs exhibited the best features at +3.33% and +3.13%, respectively, indicating investor curiosity and potential market optimism. Valkyrie (BTF) and World X (BITS) additionally noticed optimistic will increase at +2.87% and +1.74%. VanEck (XBTF) confirmed the smallest achieve at +0.33%.
4.2. Bitcoin Spot ETF Weekly Evaluation
Grayscale (GBTC), Blackrock (IBIT), Constancy (FBTC), Ark/21 Shares (ARKB), and Bitwise (BITB) are the highest Bitcoin Spot ETFs, as per the Asset Beneath Administration index. Let’s analyse them utilizing the worth change index.
| Bitcoin Spot ETFs | Value Change (Achieve/Loss) [in %] | Asset Beneath Administration (in Billion) | Value |
| Grayscale | +3.24% | $24.33B | $63.17 |
| BlackRock | +3.42% | $17.24B | $40.47 |
| Constancy | +3.36% | $9.90B | $62.06 |
| Ark/21 Shares | +3.32% | $2.85B | $70.98 |
| Bitwise | +3.34% | $2.16B | $38.71 |
Over the current interval, Bitcoin Spot ETFs demonstrated optimistic value modifications. BlackRock (IBIT) led with a achieve of +3.42%, intently adopted by Constancy (FBTC) at +3.36%, and Bitwise (BITB) at +3.34%. Ark/21 Shares (ARKB) and Grayscale (GBTC) additionally confirmed features at +3.32% and +3.24%, respectively.
Additionally Learn : Bitcoin ETF March Month-to-month Report: Insights into Efficiency Traits
5. DeFi Market Weekly Standing Evaluation
Lido, EigenLayer, AAVE, Maker, JustLend are the 5 high DeFi protocols on the premise of TVL. Let’s analyse its weekly efficiency utilizing the 7d Change index.
| DeFi Protocols | 7d Change (in Complete Worth Locked) [in %] | TVL |
| Lido | +4.36% | $34.291B |
| EigenLayer | +8.08% | $12.007B |
| AAVE | +7.09% | $11.239B |
| Maker | +2.65% | $8.627B |
| JustLend | +7.29% | $7.713B |
Previously week, DeFi protocols witnessed vital modifications in Complete Worth Locked. EigenLayer exhibited the best improve at +8.08%, indicating robust consumer adoption or new funding. JustLend and AAVE adopted intently with features of +7.29% and +7.09%, respectively, reflecting rising curiosity of their providers. Lido and Maker additionally skilled optimistic development, albeit at a slower tempo.
6. NFT Market: A Fundamental Weekly Evaluation
Blur, Blur Aggregator, Opensea, Gem, and Cryptopunks are the highest NFT marketplaces on the premise of market share. Let’s analyse them utilizing the Quantity Change (change of final 7d quantity over the earlier 7d quantity) index.
| NFT Marketplaces | Quantity Change [Last 7 Day over the Previous 7 Day Volume] | Market Share | 7-day Rolling Quantity | 7-day Rolling Trades |
| Blur | -6.20% | 61.73% | 18674.10 | 27699 |
| Blur Aggregator | -36.52% | 26.30% | 7414.73 | 12146 |
| Opensea | -38.46% | 5.13% | 3765.09 | 16393 |
| Gem | -32.72% | 3.31% | 815.88 | 2818 |
| Cryptopunks | -88.76% | 1.18% | 689.12 | 14 |
| Others | 2.35% |
Over the previous week, high NFT marketplaces skilled various quantity modifications. Cryptopunks noticed a major lower of -88.76%, adopted by Opensea at -38.46% and Blur Aggregator at -36.52%. Gem and Blur exhibited smaller declines at -32.72% and -6.20%, respectively.
6.1. Prime NFT Collectible Gross sales this Week
Uncategorised Ordinals #110fc35f, DeezNode #CqP3D8CT, DeezNode #YRJey6fpAggA1, CryptoPunks #5930, and Bitcoin Rocks #36b95b0d are the highest NFT collectable gross sales reported this week within the NFT market panorama.
| NFT Collectibles | Value (in USD) |
| Uncategorised Ordinals #110fc35f | $276,665.31 |
| DeezNode #CqP3D8CT | $214,876.64 |
| DeezNode #YRJey6fpAggA1 | $214,285.29 |
| CryptoPunks #5930 | $213,568.45 |
| Bitcoin Rocks #36b95b0d | $204,556.35 |
This week’s high NFT collectibles gross sales showcase various value ranges. ‘Uncategorised Ordinals #110fc35f’ leads with a sale value of $276,665.31, adopted by ‘DeezNode #CqP3D8CT’ and ‘DeezNode #YRJey6fpAggA1’ at $214,876.64 and $214,285.29, respectively. Notably, ‘CryptoPunks #5930’ and ‘Bitcoin Rocks #36b95b0d’ additionally fetched substantial costs at $213,568.45 and $204,556.35, demonstrating the excessive worth and demand for distinctive NFTs.
Additionally You : Should-Know February 2024 NFT Traits & Tasks
7. Web3 Weekly Funding Evaluation
7.1. ICO Panorama: A Weekly Overview
Pundu, OrangeDX, Unibit, ANote Music, GAIMIN, Bondex, and BitBrawl are the key ICOs that ended this week. Let’s analyse how a lot quantity they’ve acquired.
| ICO | Acquired | Token Value | Fundraising Aim | Complete Tokens | Token (Accessible for Sale) |
| Pundu | $3,100,000 | N/A | $3,100,000 | N/A | N/A |
| OrangeDX | $2,240,000 | $0.085 | $590,000 | 100,000,000 | 40% |
| Unibit | N/A | N/A | 100,000,000 tokens | 1,000,000,000 | 33% |
| ANote Music | $700,000 | $0.15 | $250,000 | 100,000,000 | 15.5% |
| GAIMIN | $1,460,000 | $0.0029 | $1,055,000 | 100,000,000,000 | N/A |
| Bondex | $4,000,000 | $0.08 | $4,000,000 | 1,000,000,000 | 20.5% |
| BitBrawl | $3,670,000 | $0.00095 | $300,000 | 10,000,000,000 | 28.17% |
This week’s ICOs closed with various quantities acquired. Bondex secured the best quantity at $4,000,000, adopted by BitBrawl with $3,670,000, and Pundu at $3,100,000. OrangeDX acquired $2,240,000, whereas GAIMIN and ANote Music secured $1,460,000 and $700,000, respectively.
8. Weekly Blockchain Hack Evaluation
As of March 30, 2024, hackers swiped a whopping $7.77 billion. The bulk, about $5.85 billion, was snatched from decentralised finance platforms. One other chunk, round $2.83 billion, was taken from bridges connecting numerous blockchain networks.
This week has seen three main hacks within the Internet 3, blockchain, and crypto world. On March 29, 2024, Lava misplaced roughly $0.34 million to hackers. The day earlier than that day, on March 26, 2024, Prisma Finance fell sufferer to hackers, leading to a lack of $11.6 million. And on March 26, 2024, Munchables was hacked utilizing a storage slot exploit approach, inflicting a staggering lack of $62.5 million, the biggest reported loss this 12 months. Fortunately, the hackers accountable for the Munchables exploit returned the stolen Ether.
Learn Detailed information Of Hack : Prisma Finance’s Hacker Emerges as a White Hat with losses reaching $11.6 Million
Endnote
On this week’s complete evaluation of Web3, Blockchain and Crypto, we’ve got introduced out highly effective insights, which can be utilized to stay-to-data in regards to the market developments. Because the panorama evolves, the strategic integration of know-how and data-driven decision-making turns into paramount for stakeholders navigating the dynamic realms of decentralised applied sciences.
