Weekly Market Highlights #28: January 2 - January 8
✨After a few calm days around New Year's Day, the cryptocurrency began to increase in value on Monday.
✨Over the past week, the crypto market increased ~$42B (from ~$805B to ~$847B) of its total capitalization
✨Bitcoin Stalls Below $17K
✅2023 begins with BTC price moving around ~$16.5K. After a few calm days, the cryptocurrency increased in value on Monday.
✅The next few days were similar, with BTC adding a few hundred dollars. This culminated in a price jump toward $17K. However, the bears quickly intercepted the move and immediately pushed BTC south.
✅On Monday morning (9/1/2023), BTC successfully traded at ~$17.2K after several attempts to break above the $17K mark during the week but has been thwarted
✅Currently, BTC's market cap is just over $331B
✨Altcoins rise strongly
✅BSCS is currently trading at ~$0,008595: +4,87% from its 7-day all-time low of $0,008196.
✅Of the top 10 altcoins by market cap, ADA has the best performance weekly growth at ~30%. Followed by BNB and MATIC with ~13%
✅ETH regains ~1.3K, and trading is stable at this mark. XRP, DOGE, LTC, DOT, SHIB, and AVAX grow slightly.
✅Market capitalization is up ~5% from last week, close to $849B.
✨Bitcoin Fear and Greed Index is 25 - Fear, lower than at the beginning of the week (27)
✨Dominance:
✅BTC: 39.0%
✅ETH: 18.9%
🔥 BSCStation has completely integrated Dogechain into our ecosystem!!! 🔥
✨ This integration makes it incredibly easy for Dogechain-based projects to launch Public sale events on BSCStation Launchpad and embark on a fast, secure, and low-cost bridging journey!
🌸 Additionally, it opens up limitless DeFi possibilities for developers due to the ease of onboarding new protocols to Dogechain.
📶 About Dogechain
Dogechain is a highly scalable, standalone EVM-compatible blockchain built on Polygon Edge. It provides users with the capability to wrap DOGE and tap into DeFi, NFTs, and blockchain games, increasing the original memecoin’s utility exponentially.
🔥 The Arbitrum network has been successfully integrated into BSCStation Launchpad! 🔥
🌟 Today, we are happy to announce that BSCStation Launchpad has successfully integrated the Arbitrum Network into our Multi-Chain Protocol. As a result, from now on, BSCStation will be able to support Arbitrum-based projects to launch public sale events on our Launchpad Platform.
✨ What makes Arbitrum unique?
Arbitrum offers several distinct features, including:
✔ Trustless Security
✔ Compatibility with Ethereum
✔ Scalability
✔ Cheaper Transaction Cost
🌐 About Arbitrum
Arbitrum is an Ethereum Layer 2 (L2) scaling solution, and one of the first Optimistic Rollup solutions that seeks to relieve congestion on the Ethereum mainnet. Arbitrum makes transactions on Ethereum cheaper by performing operations off-chain, and posting the results to the mainnet to secure proof. This Layer 2 solution was designed to improve the capabilities of Ethereum smart contracts — boosting their speed and scalability, while also adding additional privacy features.
📕 BETTER THAN YESTERDAY WITH BSCSTATION #12: Blockchain Attacks You Should Know Part 5
🙏 Welcome to the last part of the “Blockchain Attacks You Should Know” series.
✨ Let's wrap it up with the “Mining Pools Attack” vector, shall we?
⛏ Mining pools represent a sweet target. Malicious miners try to get control over mining pools both internally and externally by exploiting vulnerabilities in the blockchain consensus mechanism.
🕳 Here are the most common attacks on mining pools.
⭕️ Selfish Mining
⭕️ Fork After Withholding
💖 Throughout this “Blockchain Attacks You Should Know” Series, BSCStation hopes we have provided our community with useful knowledge to help everyone integrate and adapt to the fast-paced, evolving Blockchain industry.
💪 Keep calm and we will bring you more diverting knowledge.
👉 Details:
Dogecoin Foundation Introduces a New Core Development Fund
🐶The Dogecoin Foundation – a nonprofit organization that supports the development of the first-ever meme coin – announced a new 5,000,000 DOGE development fund. The capital will be distributed to developers who contribute to the advancement of the token’s ecosystem.
💎The entity also revealed that Marshall Hayner (one of the fund’s custodians) joined the Dogecoin Foundation Board of Directors.
Stimulus for Developers
⭐️The organization vowed to move 5 million DOGE (~$360,000 at the moment) to a “segregated multi-signature wallet” and use the sum to reward core developers for promoting and growing the Dogecoin ecosystem:
“The DOGE held in this wallet will disburse rewards to developers of Dogecoin Core for work on all contributions, no matter how big or small.”
⭐️Members of the Dogecoin Foundation will run the wallet, while the following five custodians will ensure its security: chromatic (Dogecoin Core developer), Marshall Hayner, Patrick Lodder, Michi Lumin, and Ross Nicoll.
⭐️The fund will distribute 500,000 DOGE to developers after each minor or major advancement of Dogecoin Core, but the reward’s size will depend on each contributor’s actions. It will be entirely transparent, announcing every distribution across social media platforms.
⭐️In addition to his role as a custodian, the Dogecoin Foundation added Marshal Hayner to its Board of Directors.
“Marshall brings executive and technical leadership experience to the Dogecoin Foundation and has been instrumental in creating this Core development fund,” the entity added.
Binance Partners With Ukrainian Pharmacies to Allow Crypto Payments
💎One of the largest pharmacy chains in Ukraine – ANC Pharmacy – joined forces with Binance to enable customers to pay for medical products and supplies in cryptocurrencies.
The exchange has provided its services to the war-torn country numerous times over the past several months. It donated $10 million worth of digital assets to Ukraine shortly after the Russian “special military operation” launch and introduced a crypto card designated for Ukrainian refugees.
Buying Pills in Crypto
⭐️ANC Pharmacy announced that customers could purchase medical products in digital currencies instead of fiat. To do so, they should place their order via the company’s official website.
⭐️The initiative became possible after collaborating with the world’s largest crypto platform – Binance. Users can download the exchange application, choose a certain product, settle the bill using Binance Pay, and can pick up the medicine at any convenient ANC location.
⭐️Binance was among the first to financially stimulate Ukraine after Putin’s troops invaded the country in February last year. It distributed $10 million worth of crypto to support locals affected by the military conflict and established a donation web portal called Ukraine Emergency Relief Fund. It has amassed nearly 2,936 BTC (as of writing these lines), equaling almost $50 million.
⭐️The trading venue also partnered with the financial service provider – Contis – to release the Binance Refugee Crypto Card. The feature enables departing Ukrainians to conduct digital asset transactions and complete payments at retailers in the European Economic Area, which accept cryptocurrency settlements.
LG Electronics' latest partnership seeks to bring interoperable metaverse platforms to TVs
The partnership hopes to bring the metaverse directly into viewers' living rooms.
💎South Korean tech giant LG Electronics announced that it has teamed up with cloud-based technology platform Oorbit and Pixelynx — a company building an integrated music, gaming, and Web3 ecosystem — to bring the metaverse directly into the living rooms of viewers.
🤝The collaboration is set to allow viewers to explore interconnected virtual worlds, concerts, and artificial intelligence multiplayer games through their LG TVs, making it easier for consumers to interact in the metaverse.
📢According to a Jan. 4 press release, users can access "super high fidelity interconnected virtual worlds" and experiences including virtual concerts and AI-generative multiplayer games.
🤵♂️Pooya Koosha, Co-Founder and Chief Technology officer of Oorbit, shared:
"Our proprietary technology is the connective tissue that links virtual worlds together and makes it easy for developers and brands to bring their experiences into the metaverse. Scaling our technology for millions of LG TV customers is the next step in making the metaverse accessible for all."
Animoca Brands Seeks to Raise $1 Billion in Q1 2023 to Invest in Web3
The blockchain gaming platform Animoca Brands seeks to raise around $1 billion for its latest Web3 and Metaverse investment fund during the year's first quarter.
Special Attention on Web3
💥The Hong Kong-based Animoca Brands seeks to double down on its Web3 endeavors by raising $1 billion (https://www.bnnbloomberg.ca/hong-kong-crypto-mogul-aims-to-raise-1-billion-for-web3-fund-1.1865955) to support blockchain and Metaverse startups. Chairman and Co-Founder – Yat Siu – said the firm aims at completing the fundraisiер during the first three months of 2023:
"Q1 is the goal, and then let's see what happens. It's a challenging market. But we have quite a bit of interest."
▶️The company's intentions come nearly two months after the massive crash of FTX. The collapse affected several of Animoca's portfolio firms negatively.
💎The Hong Kong entity vowed to roll out a $2 billion fund called "Animoca Capital" to invest in Metaverse businesses across the globe in partnership with former Morgan Stanley exec Homer Sun at the end of 2022. Siu commented on the move:
"The long-term goal for us, and frankly for myself, is creating a way where we all have digital property rights. I'm hoping this will also drive a scenario where the digital property will be recognized like physical property in the legal system."
➡️While Siu outlined that fundraisers have become quite difficult after the demise of FTX, he revealed that some subsidiaries of his company continue to raise capital.
➡️The Chairman said Animoca has yet to make plans for personal funding rounds after obtaining Temasek's $100 million investment last year. The firm's primary goal will be to develop an ecosystem of cryptocurrency organizations that work for the advancement of Web3.
Polygon (MATIC) Partners With Mastercard, Announces Web3 Incubator
A new Web3 incubator will unlock opportunities for future digital creators.
⭐️According to a statement from Polygon Studios CEO Ryan Wyatt, his platform has entered a partnership with Mastercard, a leading payment processor, and card system operator.
⭐️The collaboration of the two teams will supercharge the progress of the newly launched Web3 incubator that was announced at CES 2023 on Friday, Jan. 6.
⭐️Mastercard's Web3 incubator is set to provide Web3 artists with the opportunity to interact with their fan communities in a completely new way. This, in turn, will allow creators to optimize their revenue and promote new mainstream products.
⭐️Raja Rajamannar, chief marketing, and communications officer at Mastercard, highlighted that Mastercard would also provide incubates with marketing and technical consulting support. TechCrunch says: ''The core of this program is providing emerging artists with the web3 tools and skills they need to excel and advance their music careers in this digital economy. By providing access to experts and innovators in the space, the artists will be guided on how to incorporate web3 into their work throughout the entire program and beyond.''
⭐️Mastercard's Web3 incubator attendees will be educated on how to mint and offer their content as NFTs, build large and passionate communities, represent themselves in the digital world, and so on.
📣Stay tuned! The market's highlights will be updated by BSCStation 😎
About BSCStation
BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap
BSCStation operates on top of the all main blockchain networks and is designed to offer maximum value to consumers and institutions.
BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.