NFTs
NFT trading volume returns to pre-LUNA crash levels in February
NFT trading volume recorded a 117% increase from January to February, reaching $2 billion for the first time since May 2022.
Zeynep Geylan 3 min read
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Crypto folk anthem goes viral at ETH Denver opening
The five-person group performed the anthem at the opening of ETH Denver, the industry's preeminent event, singing together in folk whimsy lines like "we promise not to use centralized exchanges run by these toxic dudes"
Analysis
BUSD exchange balance drops below 9B as USDT dominance reaches 55%
In the meantime, Ethereum dominance over the aggregate market cap of the top four stablecoins continues to increase.
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Why ETH selling pressure is unlikely to increase after Shanghai upgrade: CryptoQuant
60% of all staked ETH are at loss. Since there's less opportunity for high profits, the unlocked tokens will not increase selling pressure.
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Crypto market cap drops $51 billion as Silvergate crisis deepens
Top cryptocurrencies see losses as Silvergate uncertainty spooks the market.
Banking
Signature bank now servicing multiple crypto companies in the wake of Silvergate distress
Signature bank has become an institution of last resort for several crypto companies burned by Silvergate and FTX.
Web3
NEAR to transform into Blockchain Operating System
The announcement marks a significant move towards NEAR's vision of Web3, a move towards a common layer blockchain.
Tokenization
Top crypto sector ‘move-to-earn’ is up 6% today, why?
Interest in STEPN's GMT token appear to have positively impacted the market cap of move-to-earn tokens over the last 24 hours.
Stablecoins
Circle says it is ‘sensitive’ to concerns around Silvergate as share prices crash
"We are sensitive to the concerns around Silvergate and are in the process of unwinding certain services with them and notifying customers."
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Adoption
Banks’ direct exposure to crypto less than 1% of total – BIS report
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Record-high digital asset investments in February 2023: CryptoCompare’s Monthly Review
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Yield Farming Sector up 8% according to CryptoSlate data
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