**Weekly Analysis Report: Major Developments in Web3, Blockchain, and Crypto Sector**- Advertisement -
1. Breaking News This Week
– SEC Lawyers Resign Amid Sanctions Over Crypto Fund Case
– BlackRock’s IBIT Fund Achieves 70-Day Daily Inflow Streak
– Scammers Abandon Solana Meme Coin Projects After Massive Profits
– Shiba Inu Raises $12 Million for Blockchain Security and Expansion
– Grayscale Files for Smaller Bitcoin ETF With Competitive Fees
– NYSE Considers Round-The-Clock Stock Trading, Like Crypto Exchanges
– Railgun Denies Claims of Laundering by North Korean Entities
– Kraken Launches Self-Custodial Mobile Wallet for Crypto and NFTs
– Akira Ransomware Group Linked to Over 250 Global Breaches
– Hong Kong Authorities Arrest 70 in JPEX Crypto Scandal
– Ernst & Young Launches Ethereum Solution for Business Contracts
– “Jay Mazini” Sentenced to Seven Years for Crypto Fraud
– Bitcoin Rollups Enable Unlimited Smart Contract Functionality
– Nubank Launches Bitcoin Withdrawal and Deposit Feature
– Tether Freezes Wallets Linked to Venezuela’s Oil Sanctions Bypass
– Binance Founder Faces DOJ’s Recommended Three-Year Prison Sentence
– SEC Demands $5.3 Billion Payment from Terra and Do Kwon
2. Blockchain Performance
– Top Blockchain Performers by 7-Day Change
– Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL
3. Crypto Market Analysis
– Crypto 7-D Price Change and Dominance Analysis
– Top Gainers & Losers of the Week in Crypto Market
– Stablecoin Weekly Analysis
4. Bitcoin ETF Weekly Analysis
– Bitcoin Futures ETF Weekly Analysis
– Bitcoin Spot ETF Weekly Analysis
5. DeFi Market Weekly Status Analysis
6. NFT Marketplace: A Basic Weekly Analysis
– Top NFT Collectible Sales this Week
7. Web3 Weekly Funding Analysis
– General Crypto Fundraising Trend Analysis
– ICO Landscape: A Weekly Overview
8. Weekly Blockchain Hack Analysis
Endnote: Stay informed with the latest developments in the Web3, Blockchain, and Crypto sector for strategic decision-making.
This week in the Web3, Blockchain, and Crypto sector has been filled with major developments and significant events. Let’s dive into the key highlights:
1. **SEC Lawyers Resign Amid Sanctions Over Crypto Fund Case**: Two SEC lawyers resigned after a federal judge sanctioned the agency for false statements in a $49 million crypto fraud case against Digital Licensing Inc. The lawyers faced termination if they stayed on.
2. **BlackRock’s IBIT Fund Achieves 70-Day Daily Inflow Streak**: BlackRock’s IBIT fund joined the top ten longest daily inflow streaks among U.S. exchange-traded funds with a 70-day milestone, tying with JETS, an ETF focusing on the airline industry.
3. **Scammers Abandon Solana Meme Coin Projects After Massive Profits**: Twelve Solana presale meme coin projects were abandoned, scamming investors out of $26.7 million. The projects took advantage of the meme coin frenzy and increased risk tolerance driven by FOMO.
4. **Shiba Inu Raises $12 Million for Blockchain Security and Expansion**: Shiba Inu secured $12 million from non-US investors, including Animoca Brands and Polygon Ventures, to fund blockchain development, security expansion, and regulatory compliance.
5. **Grayscale Files for Smaller Bitcoin ETF With Competitive Fees**: Grayscale applied for a smaller Bitcoin ETF, the Bitcoin Mini Trust, with fees set at 0.15% to compete with prime rivals like BlackRock’s IBIT.
6. **NYSE Considers Round-The-Clock Stock Trading, Like Crypto Exchanges**: The New York Stock Exchange conducted a survey exploring the potential of 24/7 stock trading, similar to cryptocurrency exchanges, indicating growing interest in expanding trading hours.
7. **Railgun Denies Claims of Laundering by North Korean Entities**: Crypto privacy protocol Railgun refuted accusations of being used by North Korea and other sanctioned entities to launder digital assets, facing scrutiny over alleged misuse.
8. **Kraken Launches Self-Custodial Mobile Wallet for Crypto and NFTs**: Kraken introduced its self-custodial mobile wallet, Kraken Wallet, supporting a wide range of coins, tokens, NFTs, and DeFi assets across eight blockchains.
9. **Akira Ransomware Group Linked to Over 250 Global Breaches**: Akira, a new ransomware group, breached over 250 organizations, raking in nearly $42 million in ransom payments, expanding its threat landscape with a Linux variant discovered by the FBI.
10. **Hong Kong Authorities Arrest 70 in JPEX Crypto Scandal**: Hong Kong authorities arrested over 70 individuals linked to the HK$1.6 billion JPEX cryptocurrency scandal, freezing approximately HK$230 million in assets in the city-state’s largest fraud case.
These developments showcase the dynamic and evolving nature of the Web3, Blockchain, and Crypto sector, highlighting both the opportunities and challenges faced by stakeholders in this space. Stay tuned for more updates on this exciting industry.
