Adoption
Analysis
Virtual worlds trading volume grew 230% in February
The trade count for virtual worlds doubled to 51,000 in February, as the metaverse and gaming space received $148 million in investments.
Gaming
Gaming accounts for 45% of web3 industry active wallets despite decrease in activity
Daily Unique Active wallets recorded a 12.33% decrease in February, while Oath of Peak, Trickshot Blitz, and Unity remained bullish.
Tokenization
Hedera experiencing smart contract irregularities
Hedera has been experiencing "network irregularities" over the past few hours.
NFTs
“NFT” sweeps across US as the most used crypto slang
The word "NFT" came forward as the most used crypto slang in 15 states, as the NFT market recently bounced back to its before-winter-levels.
Banking
Xapo bank integrates Bitcoin Lightning Network amid turmoil in crypto banking sector
Xapo became the first licensed bank to integrate with the Lightning Network as Silvergate shuts down and Signature struggles.
Mining
New hash rate coming to the network is over 90% sustainable
Sustainable energy use in Bitcoin mining currently sits at 52.6% as network emissions are declining despite increasing hashrate.
Regulation
UK FCA tightens control on unregistered crypto ATMs
The FCA has been working with West Yorkshire police for weeks, and now it moved on to east London to investigate.
Mining
Missouri passes crypto mining protection law
The "Digital Asset Mining Protection Act" will be voted on the Missouri House floor before moving to the Senate.
CBDCs
China’s WeChat starts accepting CBDC payments
WeChat Pay currently has over 1 billion monthly active users and allows for CBDC payments only on certain apps.
Stablecoins
Binance accumulates 3.8B USDC in three weeks
At the time of writing, Binance's current USDC balance sits at 5.1 billion.
Analysis
Crypto investment products saw $17M outflows last week
Outflows totaled $17 million during the week of Feb.27 to March 3, which marks the fourth week of negative sentiment.
Adoption
Netherlands ranked as most crypto-curious European country
Slovenia and Switzerland follow as second and third, while DOGE becomes the second most preferred crypto in the region, pushing ETH to fourth.