Total Market Cap Exceed 1 Trillion Dollars23/01/2023
It has managed to rise above the trillion dollar level for the first time after the total market value in crypto assets rose above once in August after the decline it experienced in June. In addition, it will be technically important for the total market capitalization data, which closes above the 200-week moving average, to make daily and weekly closes above $ 1 trillion.
United Arab Emirates Continues Crypto Asset Moves
The United Arab Emirates, the country's minister of state for foreign trade, recently announced that they plan to use crypto assets in foreign trade and are working on a crypto asset regulation package. Speaking in Davos, Than stated that they intend to continue trading in a currency other than the Al-Zeoudi US dollar. Emphasizing the importance of crypto assets in this path, Al-Zeoudi said that crypto assets are one of the areas where the country wants to develop.
Ethereum Layer-2 Networks Continue to See Growth
According to the latest data, Layer-2 networks see a significant increase in the number of transactions and users. Polygon, Arbitrum and Optimism networks have seen increases of 30%, 40% and 180%, respectively. Polygon is the leading project with the development it has shown among these networks and the collaborations and developments it has announced in 2022.
Ripple Continues to Appreciate as Court Approaches
Ripple's total market capitalization has surpassed the $ 20 billion level for the first time in 3 months. While the court result is getting closer every day, Ripple has continued to gain strength in this process. The case is expected to conclude between March and June.
Shiba Inu Became the Most Popular Coin of the Last Week
According to the information provided by an institution that conducts on-chain data research, Shiba Inu has come to the fore as the most popular crypto asset for investors who are new to crypto assets, that is, beginner investors. $56 million worth of SHIB tokens flowed into 12,000 new wallets that entered the markets last week.
Ethereum Developers Launch First Shadow Fork Before Shanghai24/01/2023
Ethereum developers have carried out the first of the shadow forks for Shanghai development. Although a few technical errors were encountered, it was learned that the experiment was successful. Shadow forks are known as a test version of the mainnet and are used by developers to test developments.
Vitalik Buterin's Secret Addresses Suggestion
Ethereum founder Vitalik Buterin proposed an address hiding system to ensure transaction privacy in Ethereum. Thanks to this system, it is aimed to hide the public addresses of the users in the transactions that take place and to access the assets in a special way.
Short Product-Intensive Entry in Digital Wealth Funds Realized
According to the digital asset funds report published by CoinShares, there was an inflow of $ 37 million this week. The majority of this entry (68%) was in short-selling funds. Most of the transactions took place in Europe.
Cardano Launches Side Chain Tools
Improvements to the Cardano blockchain are underway. Finally, side-chain tools were introduced in the network. These tools will provide different privileges to all shareholders in the ecosystem. These privileges include revenue stream systems for Staking Pool Operators, as well as the introduction of new platforms and a few other innovations.
Who Was Affected by Genesis' Bankruptcy Filing and How?
Genesis, which filed for Chapter 11 bankruptcy on Friday last week, said it had more than $150 million in cash to provide liquidity despite its filing to avoid bankruptcy. There was also a significant change in the creditors listed with the company's bankruptcy, while the presence of the names of the SEC and IRS on the list was noted.
Disconnection Error in Cardano
As a result of a problem experienced on the nodes in Cardano, a "Connection Lost" error is encountered. It was announced that the Input Output team carried out research on the subject and started to work on the solution of this problem, which caused 50% of the nodes on the network to experience connection problems. This problem in Cardano was quickly solved. This was considered a testament to the decentralization and capability of the network.
What Is The Reason For The Price Movement At Axie?
Just before the 4.8 million tokens that will be unlocked on Monday at Axie Infinity were unlocked, AXS rose over 40% on Sunday. As the main reason for this rise, it was a development that was expected to move the price up this time because the price was moved up with the network or game updates that came before similar lockdown situations in AXS. While there is no news from Axie Infinity yet, AXS is the 2nd coin that has spent the last week the best.
Aave Community Votes Ethereum for Version 325/01/2023
The AAVE community is voting on whether to add Version 3 to Ethereum. If the proposal passes, AAVE will come to the Ethereum blockchain, its first and largest marketplace. AAVE Version 3 is considered the most unique enhancement of the protocol.
Japan's Stablecoin Ban Targeted to Be Lifted in July
In Japan, which took very early and strict steps regarding crypto coins, the use of stablecoins exported from abroad was prohibited in the country. With the new regulation package expected to be implemented, it was announced that stablecoins such as Tether and USDC could be used.
European Union Banks to Impose Stricter Rules on Crypto Assets
European Union politicians are aligning high-risk criteria for banks holding crypto assets with the global supervisory structure. According to the new rules adopted, strict rules will be applied to banks holding crypto assets to meet their capital requirements.
Important Remarks from the CEO of Visa
As it is known, Visa has been working on the adaptation of stablecoin and CBDC since the end of 2021, although not very big steps have been taken. Company CEO Alfred F. Kelly Jr. stated in his statements that blockchain technology can be integrated into many problems and can play an important role in the applications and services of the payment systems of the future.
Grayscale and SEC to Face Off in March
Grayscale took the process to court after the SEC rejected its application to convert GBTC into an ETF. It is learned that on March 7, the two sides will meet in court and evaluate the issue orally.
El Salvador Makes $800 Million in Debt Payments
El Salvador made the $800 million payment, which expired this month. The reason why the news was valuable was the claims that El Salvador would default and the country could collapse.
US GDP Will Be Released26/01/2023
US growth data will be announced today at 16.30 CET. The growth data, which gives very important signals about interest rate expectations and macro trends, was announced as 3.2% in December against the expectation of 2.9%. The forecast is for the data to fall to 2.6%.
Installs AAVE V3 on the Ethereum Network
AAVE recently held a vote on the community to install Version 3 on the Ethereum network. Following the positive result of the vote, AAVE announced through its social media accounts that V3 was built on the Ethereum network and that Ethereum was AAVE's first and largest marketplace. In addition, with this development, AAVE was accessible to 1.7 million users through Brazil and Argentina.
New Data Support for Polygon in the First Quarter
Blockchain data analytics platform Arkham Intelligence announced that it has added support for its Polygon network in the first quarter. It is thought that the main reason for choosing Polygon is the large user pool and collaborations. As a result of the support plugin, users will have the ability to track, track and identify their wallets more easily.
MakerDAO to Invest $100 Million in Yearn Finance
The MakerDAO community has agreed to invest $100 million USDC in Yearn Finance. This investment will give MakerDAO a 2% annual return. The Maker-Yearn collaboration is known as a development that has been talked about since the end of 2022 and is expected to be announced soon. A vote of directors in the Maker is expected to conclude to complete the process.
Cardano Stablecoin Djed, to be Released Next Week
The new Cardano stablecoin, Djed, is launching next week. Although the day of the release date of the stablecoin, which is known to come next week, is unknown, it is expected to be done before the end of January, that is, on Monday or Tuesday. Djed will be collateralized by the ADA coin and will be over-collateralized between 400-800%. ADA will be the reserve coin of the stablecoin and it is learned that a 3rd coin named Shen will serve as a balancing coin in the reserves against the price fluctuations that may be experienced in the ADA.
The Rise in Aptos Continues
Aptos reached the new ATH region yesterday with a rise above the $ 16 level. Thus, APT managed to rise close to 500% in the last 1 month and rose from $ 3 levels to $ 18. Underneath this rise lie some developments. While NFT activity on Aptos appears to be on the rise, another development is that the founders of the Layer-1 protocol have promised to better communicate with the community.
Goldman Sachs Rates Bitcoin as the Best Performing Asset in the World
Goldman Sachs, one of the world's largest banks that attracted attention with its moves towards blockchain technology and crypto assets in 2022, evaluated Bitcoin as the best performing asset among all assets in one of its publications.
Tesla Balance Sheet Announced
Tesla continued to hold 9,720 Bitcoins as expected in its announced balance sheet. The fact that they sold some of their Bitcoins in the last balance sheet period caused panic selling in the market. It was also seen that Tesla lost $ 34 million from these investments due to the sale at the end of the year alone. Tesla announced an overall balance sheet of $ 24.32 billion, falling short of the expectation of $ 24.68 billion.
TRON Becomes Legal in St Mareen
TRON can be officially recognized by the government of the island of St. Marteen, located in the eastern Caribbean. One of the island nation's members of parliament said that the TRON protocol could be used as blockchain infrastructure and the currency of the TRON coin.
US GDP Comes Higher Than Expected27/01/2023
US growth data (GDP) was released yesterday evening. In the growth data announced as 3.2% last month, the expectation was 2.6% this month. Growth in the economy was announced as 2.9%, above the market expectation.
Polygon Leaves Ethereum Behind in Daily Active Address Data
The number of active addresses of Polygon managed to rise further with the price movement. Polygon managed to increase the number of active addresses to over 340,000 levels. With collaborations and price movements, it was able to increase the number of DeFis on the network by 20%. With the number of active addresses exceeding the 340,000 level, Polygon left Ethereum behind in this area and ranked 2nd after BNB Chain.
Polkadot Rises to the Top in Developer Activities
There has been a significant increase in developer activity of the Polkadot network, which is described as the "blockchain of blockchains". Polkadot took the first place in the data of development activities on the network, leaving Cardano behind. Although developer activity is a positive data about the network, it is not of great importance in terms of pricing and performance.
Amazon NFT Program May Begin in Spring
Amazon, one of the world's largest technology companies, plans to enter the world of digital assets and NFT in the spring semester of 2023. It is claimed that the company's general focus is NFT-based games and applications, and that they are working on games in the concept of playing games and getting NFT rights in return.
Key Remarks by the Digital Asset Manager of the World Economic Forum
At the meeting held in Davos, one of the most important topics was blockchain adaptation and digital assets. Brynly Llyr, Blockchain and Digital Asset Manager at the World Economic Forum (WEF), who made statements on this subject, stated that she expects the real-world adaptation of blockchain technology to accelerate and advance in 2023.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, Emir Tanju and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.