CryptoEconomics Newsletter 131

February 4, 2023

Feb 4, 2023

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.

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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.

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.

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.

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.