Weekly Digest - January 23, 2023

The marketplace rally continued during the past 7 days, resulting successful the marketplace headdress firmly supra $1.0 trillion and prices for astir of the crypto assets successful the greenish zone.

See beneath for the marketplace update and HitBTC level news!

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Market indices and prices:

• Fear and greed index is 50 today, which is higher than 45 arsenic of past Monday. On Sunday, the scale was 53, the highest since March 2022. The scale was successful the mid 20s for astir of the past year, reaching its highest of 60 connected March 28, 2022.
• Crypto Volatility Index (CVI) opened contiguous astatine 67.56. The scale steadily declined during the past week from the 75.18 arsenic of past Monday.
• Total marketplace capitalization has consistently been supra $1.0 trillion since January 20. It is astatine $1,044 cardinal astatine property clip (9:00 americium UTC).
• The bitcoin dominance has been expanding since the commencement of the bull tally 2 weeks ago. It is 41.92% astatine property clip (9:00 americium UTC), an summation of 0.53% from 41.39% astatine the commencement of the time connected January 16.

BTC terms arsenic of contiguous (9:00 americium UTC) is $22,782.1, which is higher than the 7-day VWMA (volume weighted moving average) of $21,898.7. BTC terms has accrued by astir 9.15% successful the past 7 days.

ETH terms arsenic of contiguous (9:00 americium UTC) is $1,634.8, portion the 7-day VWMA is $1,585.3. ETH terms has accrued by 5.7% successful the past 7 days.

The champion performing altcoins successful the past 7 days were:

• APT (Aptos) terms has accrued by 60.1%. APT is the autochthonal currency of the Aptos blockchain, which is simply a Layer 1 Proof-of-Stake blockchain with its ain astute declaration programming language. The APT terms has accrued from $3.5 connected January 1 to $13.5 today, an summation of much than 3x successful the past 3 weeks.
• AXS (Axie Infinity) terms surged by 39.0%. AXS is the governance token built connected ERC-20 modular of the Axie Infinity, a gaming universe. Players tin gain AXS erstwhile playing antithetic games wrong the Axie Infinity, enactment successful cardinal governance votes and involvement it to gain rewards. Check retired our AXS staking programme with an APY of 38.5%.
• HBAR (Hedera) terms has gone up by 31.8%. HBAR is the basal coin of Hedera blockchain. It is utilized to wage transaction fees and support the web from onslaught utilizing the proof-of-stake mechanism. Hedera is an innovative Layer-1 blockchain and 1 of the main Ethereum rivals.

Top 3 losers of the past week included: XCN (-7.3%), SLP (-5.7%) and TWT (-4.0%).

What other happened:

• FTX’s existent CEO John J. Ray III, who was appointed by the bankruptcy tribunal successful November, noted successful his caller interrogation with the Wall Street Journal that his squad is exploring the enactment to restart the exchange. FTT, FTX autochthonal token, surged 48.3% connected the quality but subsequently mislaid each of its gains and is presently trading astatine 20% discount to its terms arsenic of past Monday.
• Genesis, a crypto lender, became different unfortunate of the crypto wintertime aft filing for bankruptcy successful New York connected Thursday, January 19. Genesis' liquidity problems emerged aft the illness of the Three Arrows Capital successful June 2022 but the last stroke came successful with the FTX unopen down successful November. Gemini, the largest creditor of Genesis, claims that the bankrupt lender owes $900 million to its customers.
• The genitor institution of Genesis, Digital Currency Group (DCG), considers selling CoinDesk to rise currency amid fiscal troubles. The asking terms for the crypto media is reportedly $250 million.
• The US authorities proudly announced the apprehension of a Russian national, who appears to beryllium the proprietor of Bitzlato crypto exchange. According to the US Department of Justice, Bitzlato accepted funds from criminals and facilitated wealth laundering  A large fuss astir specified a tiny speech sparked a flurry of comic memes, chiefly pointing retired to its size comparative to FTX, which collapsed successful November and the US authorities failed to forestall it.
• In bid to boost integer yuan, the Chinese monetary authorities allowed to launch astute declaration functionality successful the Meituan app, which offers retail and nutrient transportation services, and Soochow Securities app, a fashionable level to bargain stocks and bonds. Based connected the caller study from the People’s Bank of China, integer yuan constitutes lone 0.13% of astir 10 trillion yuan successful circulation.

What is caller connected HitBTC:

• We person supported KRRX swap. Deposits and withdrawals of KRRX are presently online and trading is disposable successful KRRX/USDT pair.

New listings connected HitBTC:

• Cult (CultDAO) is simply a governance token of CultDAO, a decentralized concern platform. The CultDAO aims to put successful processing decentralized technologies and its treasury is funded by the CultDAO transaction fees, which is 0.4% from each transaction.

Coming soon to HitBTC:

• OP (Optimism) is simply a basal currency of the Optimism layer-2 blockchain built connected apical of the Ethereum ecosystem. Optimism is 1 of the biggest scaling solutions for Ethereum with implicit $300 cardinal successful TVL (Total Value Locked). It is location to 35 protocols, with the largest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Optimism has been 1 of the apical performers successful the past week with a summation of 22.3%.
• XRD (Radix) is the autochthonal cryptocurrency of Radix, which is simply a furniture 1 astute declaration platform. The platform’s astute contracts run connected the Scrypto programming connection developed by the in-house team. To pull DeFi dApp developers, Radix rewards them with royalty fees each clip their codification is utilized successful the transaction. The creators besides assertion that the underlying blockchain has unlimited scalability.

If you person not done truthful yet, delight bash not hide to download our trading app connected Android and iOS. And remember: carnivore marketplace is the champion clip to commencement gathering your crypto portfolio! (And our latest nonfiction whitethorn assistance you with that!)

Cheers,

HitBTC team