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CryptoEconomics Newsletter 131

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CryptoEconomics Newsletter 131

February 4, 2023

BlockchainIST Center
Feb 4, 2023
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CryptoEconomics Newsletter 131

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We are back with the 131st volume of CryptoEconomics Newsletter 😊. This is the first newsletter in Turkey in which you can find CryptoFinance, FinTech, DeFi, NFT and On-Chain themes all together. We have compiled this week’s metrics 📊 and news 📰.

Additionally, you can find the latest highlights from the BlockchainIST Center.

Subscribe not to miss upcoming volumes!

Your recommendations and comments are important, feel free to leave a comment or reach us on social media!

Reach us on Social Media


Metrics and Stories of the Week

FinTech

  • Crypto infrastructure company Blockstream raised $125 million to expand its bitcoin mining hosting services.

  • Baidu, China's largest search engine company, plans to launch an AI chatbot service similar to OpenAI's ChatGPT in March.

Source: SVB

US VC-Backed Fintech EBITDA Index


DeFi

  • Twitter is working to introduce payments on the social media platform and has begun applying for regulatory licenses.

  • Alameda Research is suing bankrupt crypto lender Voyager Digital for $445.8 million.

Source: The Block

Monthly DEX volumes for the last 12 months.


CryptoEconomy

  • The Biden administration called for the US Congress to move more swiftly to strengthen legal frameworks for crypto markets.

  • The California Department of Motor Vehicles (DMV) is testing the Tezos network to digitize car titles as NFTs.

Market Capitalization: Traditional Asset Classes And Cryptoassets


NFT

  • Amazon will launch its NFT initiative this spring.

  • Meta will deliver 52 live NBA games on Meta Horizon Worlds.

Source: Xangle

The top gainer was NFT with 15 percent hourly change within 7d among crypto indices.


On-Chain

  • In January 2023, the monthly derivatives exchange volume showed an increase of 66.4% from the volume registered in December from $1.18T to $1.97T.

  • Bitcoin total fees paid (7d MA) reached a 1-month high of $15,057.30.

Source: CryptoDep

Total value locked in BNB Chain is $4.82 B.


Trends of the Week 📈


Highlights of the Week


Reading List of the Week

  • DeFi & L1L2 Weekly (01/02/2023)

  • CoinDesk Research 2022 Annual Crypto Review

  • Ahead of the Curve - January 31

  • DECENTRALIZED FINANCE (DeFi) - Internet Banking Beyond Borders

  • FinTech Investment Landscape 2022


That's it for this week! Don’t forget to follow us on social media to not to miss upcoming content.

Contact Us

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Sources

  1. CryptoRank at Twitter

  2. Total Fees Paid (7d MA) just reached a 1-month high of $15,057.30

  3. Amazon Enters Web3 Jungle With NFT Initiative Launching This Spring

  4. Meta expands its partnership with the NBA to offer 52 games in VR

  5. Crypto Regulatory Affairs: White House Roadmap Calls For Congress to Step Up on Crypto

  6. Car Titles Issued As NFTs In Testing Phase Throughout California

  7. Crypto Infrastructure Firm Blockstream Raises $125M for Bitcoin Mining

  8. Baidu to Unveil AI Chatbot Rival to OpenAI’s ChatGPT

  9. Twitter working on payments feature - FT

  10. FTX sister company Alameda Research sues Voyager Digital for $446M

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