HTX Weekly (03/07-03/13): The G7 nations are examining ways to stop Russia from using cryptocurrencies to evade sanctions
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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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Campaign Period: 12:00 (UTC) on Mar 7, 2022 – 12:00 (UTC) on Apr 7, 2022
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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
>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
>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
>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
>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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Launch Time: 12:00 (UTC) on Mar 11, 2022
End Time: 12:00 (UTC) on Mar 18, 2022
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
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
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
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
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
> Grid Trading <
15 New Trading Pairs for Grid Trading on HTX (09/03/2022)
> Margin Trading <
Margin Trading for BNB, ALICE, C98, CELO, EGLD, GLMR, OCEAN Now Available on HTX
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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