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Weekly Crypto Report: Hacks, Market Trends, and the Latest in Blockchain and Web3
Welcome to your go-to source for all things Web3, Blockchain and Crypto! Our Weekly report dives into the freshest updates and game-changing developments in the fast-paced world. We curate the best data from trusted sources to keep you ahead of the curve. Ready to stay informed and inspired? Let’s explore the latest trends and insights together!
1. Web3, Blockchain & Crypto Breaking News This Week
Here are this week’s major breaking news reports related to Web3, Blockchain, and crypto that you should never miss.
- Japanese Crypto Exchange DMM Bitcoin Hacked, Loses $305 Million
DMM Bitcoin Suffered a hack, losing 4,502.9 bitcoins worth $305 million. The exchange investigates and implements measures to prevent future attacks.
- Riot Platforms Seeks to Acquire Bitfarms Ltd.
Riot Platforms aims to acquire Bitfarms, owning 9.25% and planning a public takeover offer despite Bitfarms’ board rejection.
- Ramp Expands Crypto-to-Fiat Services Across Europe
Ramp now supports SEPA money transfers and over 35 local currencies, enabling seamless crypto cash-outs directly to credit and debit cards across Europe.
- ENS Labs Proposes Expansion to Layer-2 Protocols
ENS Labs suggests expanding Ethereum Name Service to layer-2 scaling, making ‘.eth’ names cheaper and more accessible, through no specific layer-2 network is chosen yet.
- Former FTX Co-CEO Ryan Salame Sentenced to Prison
Ryan Salame received a 90-month prison sentence for illegal political contributions and unlicensed money-transmitting business conspiracies.
- ASI Alliance Finalise Merger, Launches New Token
Fetch.ai, SingularityNET, and Ocean Protocol merge to form the Artificial Superintelligence Alliance, launching the ASI token, enhancing AI network scalability.
- Argentina and El Salvador Discuss Bitcoin Adoption
Argentinian and Salvadoran officials met to discuss enhancing Bitcoin adoption and leveraging EI Salvador’s experience with digital assets.
- Donald Trump Opposes Central Bank Digital Currency
Trump vows to block the creation of a central bank digital currency in the US if re-elected, making cryptocurrency a key election issue.
- Caitlyn Jenner Promotes $JENNER Meme Coin.
Caitlyn Jenner promotes $JENNER, a meme coin on the Solana-based DEX pump. fun, reaching a market cap of over $24 million despite community scepticism.
- Worldcoin Project Halted by Hong Kong Privacy Regulator
Hong Kong’s PCPD ordered Worldcoin to stop operations due to excessive biometric data collection, violating local privacy laws.
2. Blockchain Weekly Analysis
The blockchain weekly analysis primarily covers the blockchain dominance analysis and the blockchain 7-day change analysis. In order to bring more clarity, the Layer 1 chains and Layer 2 chains are analysed separately.
2.1. Blockchain Dominance Analysis
Ethereum, TRON, BNB Smart Chain, Solana, and Arbitrum One are the top five blockchains as per dominance and TVL.
| Blockchains | Dominance | TVL |
| Ethereum | 64.85% | $65,327,694,474 |
| TRON | 8.21% | $8,270,766,940 |
| BNB Smart Chain | 5.25% | $5,291,115,742 |
| Solana | 4.76% | $4,796,403,295 |
| Arbitrum One | 3.08% | $3,104,010,123 |
| Others | 13.85% |
Among the top five blockchains, Ethereum dominates with 64.85%. TRON and BNB Smart Chain follow with 8.21% and 5.25%, respectively. Solana and Arbitrum One mark 4.76% and 3.08% dominance, respectively.
2.1.1. Top Five Layer 1 Chains By Dominance
Ethereum, BNB Smart Chain, Solana, Bitcoin and Avalanche are the top five Layer 1 Blockchain by dominance and TVL.
| Layer 1 Blockchains | Dominance | TVL |
| Ethereum | 81.35% | $65,397,387,128 |
| BNB Smart Chain | 6.58% | $5,292,935,843 |
| Solana | 5.97% | $4,798,824,590 |
| Bitcoin | 1.42% | $1,142,834,728 |
| Avalanche | 1.14% | $914,650,933 |
| Others | 3.54% |
Among the top five-layer 1 chains, Ethereum dominates with 81.35%. BNB Smart Chain and Solana follow with 6.58% and 5.97%, respectively. Bitcoin records 1.42% dominance, and Avalanche reports 1.14% dominance.
2.1.2. Top Five Layer 2 Chains By Dominance
Arbitrum One, Blast, Base, Polygon POS, and Optimism are the top five Layer 2 Blockchains on the basis of dominance and Total Value Locked.
| Layer 2 Blockchains | Dominance | TVL |
| Arbitrum One | 28.51% | $3,107,741,567 |
| Blast | 20.68% | $2,254,576,560 |
| Base | 16.04% | $1,748,575,639 |
| Polygon POS | 8.71% | $949,220,251 |
| Optimism | 7.67% | $836,324,225 |
| Others | 18.93% |
Among the top five-layer 2 chains, Arbitrum One dominates with 28.51%. Blast and Base closely follow with 20.68% and 16.04%, respectively. Polygon POS shows a dominance of 8.71%, and Optimism registers a dominance of 7.67%.
2.2. Blockchain 7-Day Change Analysis
Let’s analyse the top five Layer 1 chains using the 7-day change index.
| Layer 1 Blockchains | 7-Day Change |
| Ethereum | +1.8% |
| BNB Smart Chain | -4.4% |
| Solana | +1.3% |
| Bitcoin | -2.2% |
| Avalanche | -8.5% |
Only two blockchains among the top five L1 chains show a positive seven-day change: Ethereum, which displays a seven-day change of +1.8%, and Solana, which displays a change of +1.3%. Conversely, Avalanche, BNB Smart Chain, and Bitcoin display a negative seven-day change. Avalanche shows the highest negative seven-day change (-8.5%). BNB Smart Chain and Bitcoin follow with -4.4% and -2.2%, respectively.
Let’s analyse the top five Layer 2 chains using the 7-day change index.
| Layer 2 Blockchains | 7-Day Change |
| Arbitrum One | +1.7% |
| Blast | +19.4% |
| Base | +2.6% |
| Polygon POS | -2.7% |
| Optimism | -3.3% |
Among the top five L2 chains, at least three blockchains display a positive 7-day change. Blast shows the highest positive 7-day change of +19.4%. Base and Arbitrum One follow with +2.6% and +1.7%, respectively. Optimism showcases the highest negative 7-day change of -3.3%. Polygon POS follows with -2.7% change.
3. Cryptocurrency Weekly Analysis
The Cryptocurrency Weekly analysis covers a wide range of analyses, from the general cryptocurrency market cap analysis and the top gainers and losers analysis to the Stablecoin, Memecoin, AI Coins and Metaverse Coins analyses.
3.1. Top Cryptocurrency Categories By Market Cap
Layer 1 (LI), Smart Contract Platform, Andreessen Horowitz Portfolio, Alameda Research Portfolio, and Alleged SEC Securities are the top five cryptocurrency categories by Market Cap. The Layer 1 (L1) category, with a $2,088,167,099,227 market cap, is the one with the highest market cap. The Smart Contract Platform category follows with a $770,415,441,846 market cap.
| Crypto Categories | Market Cap | 7-Day Change |
| Layer 1 (L1) | $2,088,167,099,227 | -1.0% |
| Smart Contract Platform | $770,415,441,846 | +0.4% |
| Andreessen Horowitz Portfolio | $623,160,252,002 | +1.0% |
| Alameda Research Portfolio | $569,768,419,193 | +1.4% |
| Alleged SEC Securities | $246,966,021,146 | -3.1% |
Among the top five crypto categories, at least three show a positive 7-day change, though mild in nature. Alameda Research Portfolio, Andreessen Horowitz Portfolio, and Smart Contract Platform report +1.4%, +1.0% and +0.4% change, respectively. The biggest negative 7-day change is recorded by Alleged SEC Securities (-3.1%). The Layer 1 (L1) category follows with -1.0%.
3.1.1. Trending Categories This Week
PolitiFi, Pantera Capital Portfolio, Alleged SEC Securities, DePIN, Smart Contract Platform, and DWF Labs Portfolio are the top six trending categories this week.
| Trending Categories | Market Cap |
| PolitiFi | $1,781,076,640 |
| Pantera Capital Portfolio | $89,238,479,901 |
| Alleged SEC Securities | $246,840,741,279 |
| DePIN | $30,253,587,021 |
| Smart Contract Platform | $770,357,776,148 |
| DWF Labs Portfolio | $59,183,686,433 |
Among the top six trending categories of the week, the Smart Contract Platform category has the highest market cap of $770,357,776,148. The Alleged SEC Securities category follows with a $246,840,741,279 market cap. Pantera Capital Portfolio and DWF Labs Portfolio display $89,238,479,901 and $59,183,686,433 market cap, respectively.
3.2. Top Cryptocurrencies By Market Cap
The top five cryptocurrencies by market cap are Bitcoin, Ethereum, Tether, BNB, and Solana. Bitcoin has the highest market cap of $1,333,856,983,170. Ethereum follows with a market cap of $454,960,182,691.
| Cryptocurrencies | Market Cap | 7-Day Change |
| Bitcoin | $1,333,856,983,170 | -1.5% |
| Ethereum | $454,960,182,691 | +0.4% |
| Tether | $112,102,885,363 | -0.1% |
| BNB | $91,680,517,280 | -1.2% |
| Solana | $76,795,835,981 | -1.6% |
Among the top five cryptos, only one shows a positive 7-day change; Ethereum reports a 7-day change of +0.4%. The highest negative change is recorded by Solana (-1.6%). Bitcoin and BNB follow with -1.5% and -1.2%, respectively. Tether, the most prominent stablecoin, displays a mild change of -0.1%.
3.2.1. Trending Coins This Week
MANTRA, Notcoin, Foxy, JasmyCoin, and Pepe are the most trending cryptocurrencies at the time of preparing this analysis.
| Trending Cryptocurrencies | Market Cap |
| MANTRA | $610,502,346 |
| Notcoin | $1,293,303,319 |
| Foxy | $71,323,734 |
| JasmyCoin | $1,770,142,107 |
| Pepe | $6,419,889,652 |
Among the top five trending cryptocurrencies of the week, Pepe, a popular Memecoin, has the highest market cap of $6,419,889,652. JasmyCoin and Notcoin follow with $1,770,142,107 and $1,293,303,319, respectively. MANTRA displays a market cap of $610,502,346. Foxy registers a short market cap of $71,323,734.
3.2.2. Top Gainers & Losers This Week
Beercoin, Super Trump, MINATIVERSE, LandWolf and Notcoin are the week’s top gainers as per the 7-day gain index.
| Top Gainers | 7-Day Gain |
| Beercoin | +745.6% |
| Super Trump | +307.0% |
| MINATIVERSE | +296.5% |
| LandWolf | +236.6% |
| Notcoin | +162.0% |
Beercoin marks the highest 7-day gain of +745.6%. Super Trump and MINATIVERSE follow with +307.0% and +296.5%, respectively. LandWolf reports a 7-day change of +236.6%, and Notcoin records a 7-day gain of +162.0%.
Harambe on Solana, Apu Apustaja, The Doge NFT, OpSec, and enqAI are the top losers of the week as per the 7-day loss index.
| Top Losers | 7-Day Loss |
| Harambe on Solana | -53.9% |
| Apu Apustaja | -44.8% |
| The Doge NFT | -43.1% |
| OpSec | -41.2% |
| enqAI | -40.1% |
Harambe on Solana marks the highest 7-day loss of -53.9%. Apu Apustaja and The Doge NFT follow with -44.8% and -43.1%, respectively. OpSec and enqAI display -41.2% and -40.1% 7-day loss, respectively.
3.3. Top Stablecoins Analysis
Tether, USDC, Dai, Ethena USDe, and First Digital USD are the top five stablecoins as per market cap.
| Stablecoins | Market Cap |
| Tether | $111,812,258,509 |
| USDC | $32,336,510,399 |
| Dai | $5,303,873,042 |
| Ethena USDe | $2,999,857,950 |
| First Digital USD | $2,902,433,891 |
Among the top stablecoins, Tether has the highest market cap of $111,812,258,509. USDC and Dai follow with $32,336,510,399 and $5,303,873,042 market cap, respectively. Ethena USDe and First Digital USD mark $2,999,857,950 and $2,902,433,891 market cap, respectively.
3.4. Top Memecoins 7-Day Change Analysis
Dogecoin, Shiba Inu, Pepe, dogwifhat, and FLOKI are the top five Memecoins as per market cap. Dogecoin has the highest market cap of $23,012,805,115. Shiba Inu and Pepe follow with $14,884,794,410 and $6,426,728,734 market cap, respectively.
| Memecoins | Market Cap | 7-Day Change |
| Dogecoin | $23,012,805,115 | -3.3% |
| Shiba Inu | $14,884,794,410 | +2.3% |
| Pepe | $6,426,728,734 | +1.7% |
| dogwifhat | $3,337,699,708 | +16.2% |
| FLOKI | $2,481,188,793 | +14.0% |
Among the top five Memecoins, only Dogecoin shows a negative 7-day change; it marks a change of -3.3%. Dogwifhat displays the highest 7-day change of +16.2%. FLOKI closely follows with +14.0%. Shiba Inu and Pepe showcase +2.3% and +1.7% change, respectively.
3.5. Top AI Coins 7-Day Change Analysis
NEAR Protocol, Internet Computer, Fetch.ai, Render, and The Graph are the top five AI Coins as per market cap. NEAR Protocol has the highest market cap of $7,789,058,588 . Internet Computer and Fetch.ai closely follow with $5,578,204,219 and $5,372,352,253 market cap, respectively.
| AI Coins | Market Cap | 7-Day Change |
| NEAR Protocol | $7,789,058,588 | -9.8% |
| Internet Computer | $5,578,204,219 | -2.8% |
| Fetch.ai | $5,372,352,253 | -9.1% |
| Render | $3,892,248,710 | -2.4% |
| The Graph | $2,839,397,653 | -8.0% |
All the top five AI coins show a negative 7-day change. The highest negative 7-day change is recorded by NEAR Protocol (-9.8%). Fetch.ai and The Graph follow with -9.1% and -8.0%, respectively. Internet Computer registers a -2.8% change, and Render records a -2.4% change.
3.6. Top Metaverse Coins 7-Day Change Analysis
Render, FLOKI, Axie Infinity, The Sandbox, and Decentraland are the top five Metaverse Coins on the basis of market cap. Render has the highest market cap of $3,886,518,932. FLOKI, Axie Infinity, and The Sandbox closely follow with $2,458,516,480, $1,081,176,676 and $979,500,947 market cap, respectively.
| Metaverse Coins | Market Cap | 7-Day Change |
| Render | $3,886,518,932 | -2.4% |
| FLOKI | $2,458,516,480 | +14.0% |
| Axie Infinity | $1,081,176,676 | -7.4% |
| The Sandbox | $979,500,947 | -5.5% |
| Decentraland | $829,832,623 | -3.0% |
Among the top five Metaverse coins, only one coin shows a positive 7-day change; FLOKI records a 7-day change of +14.0%. The largest negative 7-day change is reported by Axie Infinity (-7.4%). The Sandbox and Decentraland follow with -5.5% and -3.0%, respectively. Render reports a minimal 7-day change of -2.4%.
4. Crypto ETF Weekly Analysis
The crypto ETF weekly analysis covers Bitcoin Spot ETFs, Bitcoin Futures ETFs, and Ethereum Futures ETFs.
4.1. Bitcoin Spot ETF Price Change Analysis
GBTC, IBIT, FBTC, ARKB and BITB are the top five Bitcoin Spot ETFs based on Asset Under Management. GBTC marks the highest AUM of $24.33B. IBIT closely follows with an AUM of $17.24B.
| Bitcoin Spot ETFs | Price | Change | AUM |
| Grayscale (GBTC) | $60.09 | -1.56% | $24.33B |
| BlackRock (IBIT) | $38.55 | -1.56% | $17.24B |
| Fidelity (FBTC) | $59.16 | -1.65% | $9.90B |
| Ark/21 Shares (ARKB) | $67.55 | -1.75% | $2.85B |
| Bitwise (BITB) | $36.85 | -1.65% | $2.16B |
All the top five Bitcoin Spot ETFs mark a negative change. Ark/21 Shares’s ARKB records the highest negative change of -1.75%. Both Fidelity’ FBTC and Bitwise’s BITB follow with the same change value of -1.65%. Grayscale’s GBTC and BlackRock’s IBIT, both, report the same value of -1.56%.
4.2. Bitcoin Futures ETF Price Change Analysis
BITO, XBTF, BTF, BITS, and ARKA are the top five Bitcoin Futures ETFs as per Asset Under Management. BITO has the highest AUM of $598.78M. XBTF follows with $42.41M AUM.
| Bitcoin Futures ETFs | Price | Change | AUM |
| ProShares (BITO) | $27.28 | -2.12% | $598.78M |
| VanEck (XBTF) | $39.22 | +0.33% | $42.41M |
| Valkyrie (BTF) | $21.07 | -0.61% | $38.20M |
| Global X (BITS) | $66.37 | -2.45% | $26.10M |
| Ark/21 Shares (ARKA) | $65.26 | +2.00% | $8.01M |
Among the top five Bitcoin Futures ETFs, at least two mark a positive change; Ark/21 Share’s ARKA and VanEck’s XBTF register +2.00% and +0.33% change, respectively. The highest negative change is reported by Global X’s BITS (-2.45%). ProShares’s BITO closely follows with -2.12% change. Valkyrie’s BTF also showcases a minimal change of -0.61%.
4.3. Ethereum Futures ETF Price Change Analysis
BITW, BTF, EFUT, EETH, and AETH are the top five Ethereum Futures ETFs based on Asset Under Management. BITW has the highest AUM of $478.00M. BTF follows with $25.93M AUM.
| Ethereum Futures ETFs | Price | Change | AUM |
| Bitwise (BITW) | $37.05 | +0.10% | $478.00M |
| Valkyrie (BTF) | $21.07 | -0.61% | $25.93M |
| VanEck (EFUT) | $29.25 | +0.58% | $7.84M |
| ProShares (EETH) | $81.83 | +0.38% | $6.43M |
| Bitwise (AETH) | $49.50 | +0.15% | $585.75K |
Among the top five Ethereum Futures ETFs, only one displays a negative change; Valkyrie’s BTF shows a change of -0.61%. Others showcase a positive change, though minimal in nature. The highest positive change is marked by VanEck’ EFUT (+0.58%). ProShare’s EETH, Bitwise’s AETH and Bitwise’s BITW follow with +0.38%, +0.15% and +0.10%, respectively.
5. DeFi Protocols Weekly Analysis
Lido, EigenLayer, AAVE, Maker and JustLend are the top five DeFi protocols as per Total Value Locked. Lido marks the highest TVL of $36.002B. EigenLayer and AAVE follow with $19.109B and $13.008B, respectively.
| DeFi Protocols | TVL | 7-Day Change |
| Lido | $36.002B | +2.88% |
| EigenLayer | $19.109B | +3.09% |
| AAVE | $13.008B | +0.40% |
| Maker | $8.87B | -1.67% |
| JustLend | $6.502B | -2.23% |
Among the top five DeFi Protocols, at least three record a positive 7-day change. EigenLayer registers the highest positive change of +3.9%. Lido and AACE follow with +2.88% and +0.40%, respectively. Conversely, JustLend reports the highest negative change of -2.23%. Maker follows with -1.67% change.
6. Crypto Exchange Weekly Analysis
6.1. Top Crypto Centralised Exchanges
Binance, Coinbase Exchange, Bybit, WhiteBIT, and OKX are the top five crypto centralised exchanges on the basis of Monthly Visits.
| Crypto Centralised Exchanges | Monthly Visits | Trust Score |
| Binance | 75.3M | 9/10 |
| Coinbase Exchange | 46.3M | 10/10 |
| Bybit | 31M | 10/10 |
| WhiteBIT | 24.8M | 8/10 |
| OKX | 24.1M | 10/10 |
Among the top five crypto centralised exchanges by Monthly Visits, Binance has the highest number of monthly visits of 75.3M. Coinbase Exchange and Bybit closely follow with 46.3M and 31M monthly visits, respectively. WhiteBIT marks 24.8M monthly visits and OKX 24.1M.
Of these exchanges, at least three, Coinbase Exchange, Bybit, and OKX, report a 10/10 trust score. Binance shows 9/10 trust score and WhiteBIT 8/10.
6.2. Top Crypto Decentralised Exchanges
Uniswap V3 (Ethereum), Jupiter, Orca, Uniswap V3 (Arbitrum One), and Rydium are the top five crypto decentralised exchanges on the basis of Market Share by Volume.
| Crypto Decentralised Exchanges | % Market Share by Volume | 24-Hour Volume |
| Uniswap V3 (Ethereum) | 21.4% | $1,165,265,584 |
| Jupiter | 13.6% | $739,042,874 |
| Orca | 6.5% | $351,937,928 |
| Uniswap V3 (Arbitrum One) | 6.1% | $332,249,299 |
| Raydium | 5.3% | $287,529,813 |
Among the top five decentralised crypto exchanges, Uniswap V3 (Ethereum) has the highest marke share by volume in per cent of 21.4%. Jupiter follows with 13.6%. Orca, Uniswap V3 (Arbitrum One), and Raydium register 6.5%, 6.1% and 5.3%, respectively.
6.3. Top Crypto Derivative Exchanges
Binance (Futures), Bybit(Futures), Deepcoin (Derivatives), Bitget Futures, and CoinW (Futures) are the top five crypto derivative exchanges by 24-hour open interest.
| Crypto Derivative Exchanges | 24-Hour Open Interest | 24-Hour Volume |
| Binance (Futures) | $21,163,375,400 | $48,434,469,183 |
| Bybit (Futures) | $13,529,713,119 | $15,858,146,927 |
| Deepcoin (Derivatives) | $11,096,765,826 | $6,534,055,599 |
| Bitget Futures | $10,764,440,969 | $15,882,809,660 |
| CoinW (Futures) | $7,914,807,900 | $26,636,487,009 |
Among the top five crypto derivative exchanges, Binance (Futures) has the highest 24-hour Open Interest of $21,163,375,400. Bybit (Futures) and DeepCoin (Derivatives) follow with $13,529,713,119 and $11,096,765,826, respectively. Of these exchanges, Binance (Futures) marks the highest volume of $48,434,469,183. CoinW (Futures) follows with $26,636,487,009 volume.
7. NFT Marketplace Weekly Analysis
Blur, Blur Aggregator, Cryptopunks, Gem, X2Y2, and Gem are the top five NFT Marketplaces by Market Share. Blur has the highest market share of 68.79%. Blur Aggregator and Cryptopunks follow with 23.38% and 4.43% market share, respectively.
| NFT Marketplaces | Market Share | Volume Change (Change of last 7-D Volume over the Previous 7-D Volume) |
| Blur | 68.79% | -25.81% |
| Blur Aggregator | 23.38% | -32.53% |
| Cryptopunks | 4.43% | -9.93% |
| X2Y2 | 1.30% | +113% |
| Gem | 0.96% | -0.62% |
Among the top five NFT marketplaces, only one shows a positive volume change; X2Y2 records a massive change of +113%. The highest negative change is recorded by the Blur Aggregator (-32.53%). Blur closely follows with -25.81%. Cryptopunks display a change of -9.93%. Gem registers a minimal change of -0.62%.
7.1. Top NFT Collectibles This Week
Azuki #3374, $ORDI BRC-20 NFTs #8b1e444e, BOOGLE #Ai822dfBR7, CryptoPunks #9461, and CryptoPunks #1714 are the top NFT collectables based on Price.
| NFT Collectibles | Price |
| Azuki #3374 | $393,112.31 |
| $ORDI BRC-20 NFTs #8b1e444e | $305,258.05 |
| BOOGLE #Ai822dfBR7 | $206,935.53 |
| CryptoPunks #9461 | $160,409.63 |
| CryptoPunks #1714 | $160,409.63 |
Azuki #3374 marks the highest price of $393,112.31. $ORDI BRC-20 NFTs #8b1e444e and BOOGLE #Ai822dfBR7 follow with $305,258.05 and $206,935.53 price, respectively. CryptoPunks #9461 reports $160,409.63 price, and CryptoPunks #1714 registers $160,409.63 price.
8. Web3, Blockchain & Crypto Funding Analysis
8.1. Crypto Fundraising Trend
| Week | Funds Raised | Number of Fundraising Rounds |
| May 27 – June 2, 2024 | $348.10M | 38 |
| May 20 – 26, 2024 | $250.47M | 32 |
This week, the crypto sector has so far raised nearly $348.10M, higher than the previous year’s value of $250.47M.
8.2. Most Active Investors This Week
Animoca Brands, DWF Labs, Blockchain Founders Fund, SNZ Holdings, and The Spartan are the most active investors this week, based on the number of deals.
| Investors (or Fund’s Name) | Deals (26 May – 1 June, 2024) | Investments | Lead Investments |
| Animoca Brands | 7 | 6 | 1 |
| DWF Labs | 3 | 2 | 1 |
| Blockchain Founders Fund | 3 | 2 | 1 |
| SNZ Holdings | 3 | 2 | 1 |
| The Spartan Group | 3 | 3 | 0 |
Among the most active investors, Animoca Brands records the highest number of deals of 7, of which at least 6 are investments and one lead investment. DWF Labs, Blockchain Founders Fund, SNZ Holdings, and The Spartan Group mark three deals each; among them, The Spartan Group records no lead investments, but others register a deal each.
8.3. Crypto Fundraising By Category
Blockchain Infrastructure, Blockchain Services, CeFi, Chain, DeFi, GameFi, NFT and Social are the categories raised funds this week.
| Category | Number of Fundraising Rounds (May 27 – June 2, 24) | Funds Raised |
| Blockchain Infrastructure | 6 | $98.50M |
| Blockchain Services | 5 | $170.30M |
| CeFi | 2 | $7.25M |
| Chain | 3 | $8.30M |
| DeFi | 9 | $34.20M |
| GameFi | 8 | $23.80M |
| Social | 5 | $5.75M |
Blockchain Services is the category that raised the highest amount of $170.30M. Blockchain Infrastructure follows with $98.50M. DeFi and GameFi show $34.20M and $23.80M funds raised, respectively. Chain, CeFi and Social report $8.30M, $7.25M, and $5.75M, respectively.
8.4. Top Crypto Investment Locations
Apart from the undisclosed category, Singapore, the US, China, Switzerland, Cayman Islands, and Colombia are the top crypto investment locations, on the basis of funds raised.
| Investment Location | Funds Raised (May 26 – June 1, 2024) | Funds Raised % | Number of Rounds |
| Singapore | $150.00M | 43% | 2 |
| Undisclosed | $93.65M | 27% | 23 |
| United States | $86.45M | 25% | 6 |
| China | $6.00M | 2% | 1 |
| Switzerland | $5.00M | 1% | 1 |
| Cayman Island | $4.00M | 1% | 1 |
| Colombia | $3.00M | 1% | 1 |
Singapore is the topmost crypto investment location, with $150.00M funds raised. The Undisclosed category is the one which follows with $93.65M. The US, the third highest crypto investment location, records $86.45M funds raised. China, Switzerland, Cayman Island, and Colombia mark $6.00M, $5.00M, $4.0M and $3.00M, respectively.
8.5. Most Active Crypto VC Jurisdictions
The US, Singapore, China, the UK, Switzerland, and the UAE are the most active crypto venture capital jurisdictions.
| Crypto VC Jurisdiction | Number of Projects (May 26 – June 1, 2024) |
| The United States | 69 |
| Singapore | 20 |
| China | 17 |
| The United Kingdom | 6 |
| Switzerland | 5 |
| The UAE | 5 |
The US, with 69 projects, is the top most venture capital jurisdiction this week. Singapore and China follow with 20 and 17 projects, respectively. The UK shows six projects, and Switzerland and the UAE, both, record five projects each.
9. Web 3, Blockchain & Crypto Hack Updates
The total value hacked is $8.2B. The total value hacked in DeFi is $5.96B, and total value hacked in Bridges is $2.83 billion.
| Total Value Hacked | $8.2B
Total Value Hacked in DeFi$5.96BTotal Value Hacked in Bridges $2.83B |
| Project Name | Amount Lost | Date |
| DMM Bitcoin | $305M | 31 May, 2024 |
| Gala | $22M | 20 May, 2024 |
| ALEX | $23.9M | 16 May. 2024 |
| pump.fun | $2M | 16 May, 2024 |
| Sonne Finance | $20M | 15 May, 2024 |
DMM Bitcoin, Gala, ALEX, pump.fun and Sonne Finance are the top five project hacks reported this month. The Sonne Finance hack is the first reported this month. In this hack reported on 15th May, 2024, the project lost nearly $20M. ALEX and pump.fun were reported on 16th May. In the ALEX hack, nearly $23.9M was lost. In the pump.fun hack, only $2M was lost. It is the smallest hack this month in terms of the amount lost. In the Gala hack, reported on 20th May, nearly $22M were lost. The DMM Bitcoin hack, reported on 31st May, 2024, is the latest hack. The hack resulted in a huge loss of $305M, which is the worst loss reported in recent history.
Endnote
This report comprehensively analyses the current performance of various blockchains and cryptocurrencies, including Bitcoin, Altcoins, Stablecoins, AI Coins, Memecoins and Metaverse. It highlights trending coins, top gainers and losers, and delves into Crypto ETFs such as Bitcoin Spot ETFS, Bitcoin Futures ETFs, and Ethereum Futures ETFs. Additionally, it examines centralised, decentralised, and derivatives crypto exchanges, DeFi protocols, and NFT marketplaces. The report also covers crypto fundraising activities, prominent investors, key investment locations, and notable crypto hacks reported lately.
Over the past 24 hours, Jupiter and JasmyCoin emerged as the top gainers among the top 100 crypto assets, while Bittensor and Mantra plunged as the top losers.
Top Winners
Jupiter
Jupiter (JUP) led the charge among the biggest gainers on July 27.
At the time of writing, the crypto asset had surged 12.6% in the past 24 hours and was trading at $1.16. JUP’s daily trading volume was hovering around $282 million, according to data from crypto.news.
JUP Hourly Price Chart, July 26-27 | Source: crypto.news
Additionally, the cryptocurrency’s market cap stood at $1.56 billion, making it the 62nd largest crypto asset, according to CoinGecko. Despite the recent price surge, the token is still down 42.6% from its all-time high of $2 reached on Jan. 31.
Jupiter functions as a decentralized exchange aggregator that allows users to trade Solana-based tokens. The platform also offers users the best routes for direct trades between multiple exchanges and liquidity pools.
In addition to being a DEX aggregator, Jupiter has expanded into a “full stack ecosystem” by launching several new projects, including a dedicated pool to support perpetual trading and plans for a stablecoin.
JasmyCoin
JasmyCoin (JASMI) has increased by 12% in the last 24 hours and is trading at $0.0328 at press time. JASMY’s daily trading volume has increased by 10% in the last 24 hours, reaching $146 million.
JASMY Hourly Price Chart, July 26-27 | Source: crypto.news
The asset’s market cap has surpassed the $1.5 billion mark, making it the 60th largest cryptocurrency at the time of reporting. However, the self-proclaimed “Bitcoin of Japan” is still down 99.3% from its all-time high of $4.79 on February 16, 2021.
JASMY is the native token of Jasmy Corporation, a Japanese Internet of Things provider. The platform seeks to merge the decentralization of blockchain technology with IoT, allowing users to convert their digital information into digital assets.
The initiative was launched by Kunitake Ando, former COO of Sony Corporation, along with Kazumasa Sato, former CEO of Sony Style.com Japan Inc., Hiroshi Harada, executive financial analyst at KPMG, and other senior executives from Japan.
Kaspa
Kaspa (KAS) saw a 100% increase in trading volume and an 8% increase in price over the past 24 hours, trading at $0.19 at the time of publication.
KAS Hourly Price Chart, July 26-27 | Source: crypto.news
According to data from CoinGecko, Kaspa now ranks 27th in the global cryptocurrency list, with a circulating supply of approximately 24.29 billion KAS tokens and a market capitalization of $4.59 billion.
Kaspa is a cryptocurrency designed to deliver a high-performance, scalable, and secure blockchain platform. Its unique Layer-1 protocol includes the GhostDAG protocol, a proof-of-work (PoW) consensus mechanism that enables faster block times and higher transaction throughput compared to standard blockchains.
Unlike Bitcoin, GhostDAG allows multiple blocks to be created simultaneously, speeding up transactions and increasing block rewards for miners.
Bonk
Bonk (BONK) is the only one coin meme which made it to this list of biggest gainers and jumped 8.6% in the last 24 hours. Trading at $0.000030, the Solana-based meme coin’s market cap has surpassed $2.1 billion, surpassing Floki (FLOKI), another competing dog-themed coin with a market cap of $1.78 billion.
BONK Hourly Price Chart, July 26-27 | Source: crypto.news
BONK’s daily trading volume hovered around $285 million. However, BONK is still down 33.5% from its all-time high of $0.000045, reached on March 4.
Bonk, a meme coin that rose to prominence in 2023, has contributed significantly to Solana’s value increase amid the meme coin frenzy.
Bonk started out as a simple dog-themed coin. It has since expanded its features to include integration with decentralized finance. The project also partners with cross-chain communication protocols, NFT marketplaces, and various other cryptocurrency ecosystems.
BONK trading pairs are now listed on major exchanges including Binance, Coinbase, OKX, and Bitstamp.
The big losers
Bittensor
Bittensor (TAO) was the biggest loser among the 100 largest crypto assets, according to data from CoinGecko.
At the time of writing, TAO, the native token of decentralized AI project Bittensor, was down 5%, trading around $344. The crypto asset had a daily trading volume of $59 million and a market cap of $2.43 billion.
TAO 24 Hour Price Chart | Source: CoinGecko
Bittensor, created in 2019 by AI researchers Ala Shaabana and Jacob Steeves, initially operated as a parachain on Polkadot before transitioning to its own layer-1 blockchain in March 2023.
Mantra
Mantra (OM) fell 6%, trading at $1.13 at press time. The digital currency’s market cap fell to $938 million. Additionally, the 82nd largest crypto asset has a daily trading volume of $26 million.
OM Price Hourly Chart, July 26-27 | Source: crypto.news
Mantra is a modular blockchain network comprising two chains, Manta Pacific and Manta Atlantic, specialized in zero-knowledge applications.
Coat
Coat (MNT) also saw a 2.4% drop in price, now trading at $0.8413. Currently, Mantle has a market cap of around $2.75 billion, which ranks 36th in the global cryptocurrency rankings by market cap, according to price data from crypto.news.
MNT Hourly Price Chart, July 26-27 | Source: crypto.news
Over the past 24 hours, MNT trading volume also fell by 6%, reaching $240 million.
Mantle, formerly known as BitDAO, is an investment DAO closely associated with Bybit. The MNT token is essential for governance, paying gas fees on the Mantle network, and staking on various platforms.
Built on the Ethereum network, Mantle provides a platform for decentralized application developers to launch their projects. It has become particularly popular for GameFi applications, leading to the formation of an internal Web3 gaming team.
Markets
Bitcoin Price Drops to $67,000 Despite Trump’s Pro-Crypto Comments, Further Correction Ahead?
Pioneer cryptocurrency Bitcoin has registered a 1.13% decline in the past 24 hours to trade at $67,400. Despite a strong pro-crypto stance from US presidential candidate Donald Trump at the Bitcoin 2024 conference, this massive selloff has raised concerns in the market about the asset’s sustainability at a higher price. However, given the recent three-week rally, a slight pullback this weekend is justifiable and necessary to regain the depleted bullish momentum.
Bitcoin Price Flag Formation Hints at Opportunity to Break Beyond $80,000
The medium-term trend Bitcoin Price remains a sideways trend amidst the formation of a bullish flag pattern. This chart pattern is defined by two descending lines that are currently shaping the price trajectory by providing dynamic resistance and support.
On July 5, BTC saw a bullish reversal from the flag pattern at $53,485, increasing its asset by 29.75% to a high of $69,400. This recent spike followed the market’s positive sentiment towards the Donald Trump speech at the Bitcoin 2024 conference in Nashville on Saturday afternoon.
Bitcoin Price | Tradingview
In his speech, Trump outlined several pro-crypto initiatives: he promised to replace SEC Chairman Gary Gensler on his first day in office, to establish a Strategic National Reserve of Bitcoin if elected, to ensure that the U.S. government holds all of its assets. Bitcoin assets and block any attempt to create a central bank digital currency (CBDC) during his presidency.
He also claimed that under his leadership, Bitcoin and cryptocurrencies will skyrocket like never before.
Despite Donald Trump’s optimistic promises, the BTC price failed to reach $70,000 and is currently trading at $67,400. As a result, Bitcoin’s market cap has dipped slightly to hover at $1.335 trillion.
However, this pullback is justified, as Bitcoin price has recently seen significant growth over the past three weeks, which has significantly improved market sentiment. Thus, price action over the weekend could replenish the depleted bullish momentum, potentially strengthening an attempt to break out from the flag pattern at $70,130.
A successful breakout will signal the continuation of the uptrend and extend the Bitcoin price forecast target at $78,000, followed by $84,000.
On the other hand, if the supply pressure on the upper trendline persists, the asset price could trigger further corrections for a few weeks or months.
Technical indicator:
- Pivot levels: The traditional pivot indicator suggests that the price pullback could see immediate support at $64,400, followed by a correction floor at $56,700.
- Moving average convergence-divergence: A bullish crossover state between the MACD (blue) and the signal (orange) ensure that the recovery dynamics are intact.
Related Articles
Frequently Asked Questions
A CBDC is a digital form of fiat currency issued and regulated by a country’s central bank. It aims to provide a digital alternative to traditional banknotes.
The proposal for a strategic national Bitcoin reserve is a major confirmation of Bitcoin’s legitimacy and potential as a reserve asset. Such a move could position Bitcoin in a similar way to gold, potentially stabilizing its price and encouraging other countries to adopt similar strategies.
Conferences like Bitcoin 2024 serve as essential platforms for networking, knowledge sharing, and showcasing new technologies within the cryptocurrency industry.
Markets
Swiss crypto bank Sygnum reports profitability after surge in first-half trading volumes – DL News
- Sygnum says it has reached profitability after increasing transaction volumes.
- The Swiss crypto bank does not disclose specific profit figures.
Sygnum, a Swiss global crypto banking group with approximately $4.5 billion in client assets, announced that it has achieved profitability after a strong first half, with key metrics showing year-to-date growth.
The company said in a Press release Compared to the same period last year, cryptocurrency spot trading volumes doubled, cryptocurrency derivatives trading increased by 500%, and lending volumes increased by 360%. The exact figures for the first half of the year were not disclosed.
Sygnum said its staking service has also grown, with the percentage of Ethereum staked by customers increasing to 42%. For institutional clients, staking Ethereum has a benefit that goes beyond the limitations of the ETF framework, which excludes staking returns, Sygnum noted.
“The approval and launch of Bitcoin and Ethereum ETFs was a turning point for the crypto industry this year, leading to a major increase in demand for trusted, regulated exposure to digital assets,” said Martin Burgherr, Chief Client Officer of Sygnum.
He added: “This is also reflected in Sygnum’s own growth, with our core business segments recording significant year-to-date growth in the first half of the year.”
Sygnum, which has also been licensed in Luxembourg since 2022, plans to expand into European and Asian markets, the statement said.
Markets
Former White House official Anthony Scaramucci says cryptocurrency bull market could be sparked by regulatory clarity
Anthony Scaramucci, founder of Skybridge Capital, says the next cryptocurrency bull market could be sparked by a new wave of clear cryptocurrency regulations.
In a new interview On CNBC’s Squawk Box, the former White House communications director said he and two other prominent industry figures traveled to Washington, D.C. to speak to officials about the dangers of Sen. Elizabeth Warren and U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s hardline approach to cryptocurrency regulation.
“Mark Cuban, myself, and Michael Novogratz were in Washington a few weeks ago to speak with White House officials and explain the dangers of Gary Gensler and Elizabeth Warren’s anti-crypto approach. I hope that message gets through…
“Overall, if we can get regulatory policy around Bitcoin and crypto assets in sync, we will have a bull market next year for these assets.”
Scaramucci then compares crypto assets to ride-hailing company Uber, saying regulators were initially wary of the service but eventually decided to adopt clear guidelines due to public demand.
“Remember Uber: Nobody wanted Uber. A lot of regulators didn’t want it. Mayors and deputy mayors didn’t want it, but citizens wanted Uber and eventually accepted the idea of regulating it fairly. I think we’re there now.”
The CEO also says young Democratic voters believe their leaders are making the wrong choices when it comes to digital assets.
“I think President Trump’s move toward Bitcoin and crypto assets has shaken Democrats to their core, and I think very smart, younger Democrats are recognizing that they are completely off base with their positions, completely off base with these SEC lawsuits and regulation by law enforcement, and now they need to get back to the center.”
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