HTX Weekly (03/07-03/13): The G7 nations are examining ways to stop Russia from using cryptocurrencies to evade sanctions

1. Last Week’s Wrap-Up

The 22nd Primelist

Projects Participants/ Representing Countries Maximum Price Highest Increase HT Position Annual Percentage Yield
LBP 64417/122 0.078 USDT 420% 204%

Pioneer Zone New Launch

Listed Date Projects Maximum Gain Since Launch
2022/3/10 INDI 243.3%
2022/3/10 KAI 42%
2022/3/10 BIT 28.5%
2022/3/10 GCOIN 20%
2022/3/09 BULL 400%
2022/3/09 GST 38%
2022/3/09 AIOZ 52.5%
2022/3/09 HOLO 85.4%
2022/3/08 ANC 35.1%
2022/3/08 WEMIX 20.3%
2022/3/07 WPCI 23.4%

 

2. What to Watch Out for This Week

>Futures Trading< 

USDT-M Futures Go Live on the App

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Up to 200 USDT Bonus for Every New USDT-M Contract User

Campaign Period: 12:00 (UTC) on Mar 7, 2022 – 12:00 (UTC) on Apr 7, 2022 

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100,000 USDT Giveaway for Contract Master Contest

Event 1: Sign up now! 40,000 USDT up for grabs!

Event Period: 12:00 (UTC) on Mar 7, 2022 - 08:00 (UTC) on Mar 8, 2022

Event 2: Trade to join our “Contract Master” contest and win 60,000 USDT

Event Period: 08:00 (UTC) on Mar 8, 2022 – 08:00 (UTC) on Mar 13, 2022

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>HTX Options<

HTX Options Launches Phase Four of Treasure Box Giveaway! Trade Options and Share the 100,000 USDT Prize Pool!

Activity period: 08:00 (UTC) on 9 March, 2022 – 24:00 (UTC) on 23 March, 2022

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>Spot Trading<

New Listing Perks: Trade LBP to Share Prize Pool of 40,000 USDT

Period: 13:00 Mar 8 - 13:00 Mar 15, 2022 (UTC)

https://www.huobi.com/support/en-us/detail/44901054203136

Tribute to all women: Celebrate International Women's Day and share a 1 million USDT prize pool

Period: 13:30:00 (UTC) on Mar 7, 2022 - 13:29:59 (UTC) on Mar 14, 2022

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>Market Makers<

Up to 100% Taker Fee Rebates for Market Makers

Campaign Period: 16:00 (UTC) on Mar 7, 2022 – 16:00 (UTC) on Mar 31, 2022

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>HTX Earn<

Enjoy Up to 500% APY on WPCI with HTX Earn

Launch Time: 12:00 (UTC) on Mar 12, 2022

End Time: 12:00 (UTC) on Mar 19, 2022

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Enjoy Up to 500% APY on AIOZ with HTX Earn

Launch Time: 12:00 (UTC) on Mar 11, 2022

End Time: 12:00 (UTC) on Mar 18, 2022

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Enjoy Up to 999% APY on BIT with HTX Earn

Launch Time: 14:00 (UTC) on Mar 10, 2022

End Time: 14:00 (UTC) on Mar 17, 2022

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Enjoy Up to 999% APY on LBP with HTX Earn

Launch Time: 13:00 (UTC) on Mar 09, 2022

End Time:16:00 (UTC) on Mar 09, 2022

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Enjoy Up to 666% APY on WEMIX with HTX Earn

Launch Time: 12:00 (UTC) on Mar 9, 2022

End Time: 12:00 (UTC) on Mar 16, 2022

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Enjoy Up to 300% APY on BULL with HTX Earn

Launch Time: 12:00 (UTC) on Mar 9, 2022

End Time: 12:00 (UTC) on Mar 16, 2022

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PrimeEarn Phase 5: Earn up to 219% APY and win an extra 10,000 USDT!

Promotion Period: 11:00 (UTC) on Mar 9, 2022 – 10:59 (UTC) on Mar 16, 2022

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> Grid Trading <

15 New Trading Pairs for Grid Trading on HTX (09/03/2022)

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> Margin Trading <

Margin Trading for BNB, ALICE, C98, CELO, EGLD, GLMR, OCEAN Now Available on HTX

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3. Market Movers

Cryptocurrency Last Week’s Closing Price (USDT) Weekly Change
BULL 0.16662800 233%
IMX 1.82840000 53%
WAVES 27.4388000 49%
KCASH 0.00251100 43%
INDI 0.13600000 36%
YEE 0.00055300 36%
ZEC 148.190000 33%
MEX 0.00008462 32%
GOF 0.14890000 32%
GAL 3.91590000 31%

 

4. Operating Metrics

Security incidents 0
# Of launched products 12
Contracts trading volumes 14.12($billion)
Spot trading volumes 10.22($billion)
On-chain user balances 9.18($billion)

Trading Volumes & On-chain Balances Chart

 

5. Industry TrendsMain Projects Trends

Yuga Labs, BAYC parent company, acquires CryptoPunks and Meebits, surpassing $2 billion in market value, with a total deal close to $1.4 billion.

OpenSea is designing automatic verification NFT series systems.

The Sandbox is partnering with non-fungible token (NFT) collection World of Women to start a foundation.

Yield Guild Games (YGG), a gaming guild, surpassed 20,000 total gold playing members in Axie Infinity and other blockchain games.

Bloomberg: Hedge fund Fir Tree has established a way to short USDT.

Evmos upgrade failure analysis report: it is because the team upgraded too quickly, double signature is not the cause.

The Dogecoin Foundation has registered European Union trademarks for “Dogecoin”.

Messari: Terra (LUNA) becomes the highest crypto asset in terms of circulation in Q4 2021.

Optimism, an Ethernet Layer 2 solution, will enable a multi-client architecture.

HTX Research Institute Analysis:

As the first NFT series, CryptoPunks has been called the "Bitcoin of NFT". However, BAYC, the Bored Ape, has the most active community in the world and with the potential to replace CryptoPunks. Comparing to Larva Labs, which has been holding the commercial rights to CryptoPunks (and Meebits) without letting go, BAYC grants Bored Ape NFT holders full commercial rights to use, reproduce and display their purchased collections. All commercial rights, including copyright, are delegated to the holder, allowing them to produce creative derivative works. This decentralized approach stimulates the vitality and creativity of the entire community.

 

International Industry Trend:

Russian government: legalizing cryptocurrencies will help Russia fight Western economic sanctions.

The G7 nations are examining ways to stop Russia from using cryptocurrencies to evade sanctions.

Founder Wang Dong of Roadmark Protocol: company projects will be headed by new CEO and he will no longer involved in daily work.

Bitcoin, precious metals correlation hits 7-month low.

Morgan Stanley CEO: expects Fed to hike rates 4 times in 2022, 25 basis points each time.

Crypto-friendly Yoon Seok-yeol was elected president of South Korea, and South Korean public chain ICON (ICX) soared 70%.

The European Central Bank (ECB) president supports acceleration of digital euro work.

 

HTX Research Institute Analysis:

The Ukrainian-Russian war had a huge impact on the cryptocurrency market. At the beginning of the war, cryptocurrencies started to plummet; however, the EU decided to postpone the interest rate hike due to the impact of the war, causing the market to start to rebound. Faced with the sanctions from the West, especially kicking Russia out of the swift system, Russia began to rely on cryptographic digital currencies to offset some of the negative effects of the sanctions, which in turn led to a huge rise in cryptocurrencies, once touching $45,800. The U.S.-led Western countries followed by a new round of regulation on crypto-digital currencies to contain Russia saw the market fall again, with bitcoin prices currently hovering around $39,000. It is expected that the new round of policy regulation will continue to influence the movement of the crypto-digital currency market.

 

Regulations

U.S. White House: President Biden to sign executive order on digital assets to stay on top of technology

The U.S. Southern District court of New York has denied a motion filed by the SEC against Ripple, according to a public filing posted on the court's website.

Singapore will impose an income tax on NFT transactions.

UAE Ruler: The UAE government has passed a virtual asset law.

The Verge: FBI investigating Sun Yuchen.

 

6. Weekly Blockchain Deals

HTX Research Institute Analysis

 

According to the public statistics, the Blockchain investing and financing deals over this week reached 41 in total, or 940 million USD in valuation. The total amount was significantly higher than last week, and the deals also increased.

 

The biggest funding was in the Metaverse, with digital real estate platform Roofstock closing a $240 million Series E round at a $1.94 billion valuation, SoftBank and others participated.

 

In terms of tracks, the highest number of funding was in web3 and infrastructure with 8 items. Gamefi and Metaverse followed. In terms of funding amount, mainly focused on NFT, Metaverse, Web3 and infrastructure tracks.

 

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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any digital asset, product, or promotion on HTX. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.