SEC Lawyers Resign After Crypto Fund Sanctions, Face Dismissal if Remaining

This comprehensive report provides an overview of the latest developments in the Web3, Blockchain, and Crypto sector. It covers significant events, market trends, and analysis across key areas such as blockchain performance, crypto market activity, DeFi protocols, NFT marketplaces, Web3 funding, ICOs, and blockchain hacks. The report's data-driven insights enable investors, developers, and industry stakeholders to make informed decisions and stay updated on the rapidly evolving digital asset landscape.

SEC Lawyers Resign Amid Sanctions Over Crypto Fund Case

Amidst a $49 million crypto fraud case against Digital Licensing Inc., two SEC lawyers resigned after a federal judge sanctioned the agency for false statements. The lawyers faced termination if they remained on the case.

BlackRock's IBIT Fund Achieves 70-Day Daily Inflow Streak

BlackRock's IBIT fund joined the ranks of the top ten longest daily inflow streaks among U.S. exchange-traded funds, reaching a milestone of 70 days. The record ties with JETS, an ETF focused on the airline industry.

Scammers Abandon Solana Meme Coin Projects After Massive Profits

Twelve Solana presale meme coin projects were abandoned, scamming investors out of $26.7 million. The projects took advantage of the meme coin frenzy and increased risk tolerance driven by FOMO.

Shiba Inu Raises $12 Million for Blockchain Security and Expansion

Shiba Inu secured $12 million from non-US investors, including Animoca Brands and Polygon Ventures, to fund blockchain development. The funds will be used to build new technology, expand security, and ensure regulatory compliance.

Grayscale Files for Smaller Bitcoin ETF With Competitive Fees

Grayscale applied for a smaller Bitcoin ETF, the Bitcoin Mini Trust, with fees set at 0.15%. This new ETF aims to compete with its prime rivals, such as BlackRock's IBIT, following a capital exodus from its flagship GBTC product.

NYSE Considers Round-The-Clock Stock Trading, Like Crypto Exchanges

The New York Stock Exchange conducted a survey exploring the potential of 24/7 stock trading, similar to cryptocurrency exchanges. The survey indicates growing interest in expanding trading beyond traditional market hours.

Railgun Denies Claims of Laundering by North Korean Entities

Crypto privacy protocol Railgun refuted accusations of being used by North Korea and other sanctioned entities to launder digital assets. The protocol, nearing $1B total volume, faces scrutiny over alleged misuse.

Kraken Launches Self-Custodial Mobile Wallet for Crypto and NFTs

Kraken introduced its self-custodial mobile wallet, Kraken Wallet, joining other major platforms. The wallet supports a wide range of coins, tokens, NFTs and DeFi assets, encompassing around eight blockchains.

Akira Ransomware Group Linked to Over 250 Global Breaches

Akira, a new ransomware group, has breached over 250 organisations, raking in nearly $42 million in ransom payments. The group has expanded its threat landscape with the discovery of its Linux variant by the FBI.

Hong Kong Authorities Arrest 70 in JPEX Crypto Scandal

Hong Kong authorities arrested over 70 individuals linked to the HK$1.6 billion JPEX cryptocurrency scandal. Approximately HK$230 million in assets has been frozen in what is considered the city-state's largest fraud.

Ernst & Young Launches Ethereum Solution for Business Contracts

Ernst & Young launched OpsChain Contract Manager, an Ethereum solution using zero-knowledge proofs technology. The solution helps private businesses manage complex business agreements with confidentiality and cost-effectiveness.

"Jay Mazini" Sentenced to Seven Years for Crypto Fraud

Jabara Igbara, known as "Jay Mazini," received a seven-year prison sentence for wire fraud and money laundering. Igbara, who posed as a crypto millionaire, was also ordered to forfeit $10 million in assets.

Bitcoin Rollups Enable Unlimited Smart Contract Functionality

A new whitepaper from BitcoinOS outlines a system enabling rollups on Bitcoin, providing unlimited smart contract functionality. The development could transform Bitcoin into a more scalable platform for decentralised applications.

Nubank Launches Bitcoin Withdrawal and Deposit Feature

Sao Paulo-based Nubank allows customers to send and receive Bitcoin, Ethereum, and Solana via its app. The new feature lets users make withdrawals and deposits through the main crypto screen in the Nubank app.

Tether Freezes Wallets Linked to Venezuela's Oil Sanctions Bypass

Tether has frozen wallets associated with Venezuela's attempts to bypass U.S. sanctions on oil exports. The move follows reports that Venezuela's state-run oil company used Tether's USDT to circumvent U.S. sanctions.

Binance Founder Faces DOJ's Recommended Three-Year Prison Sentence

The U.S. DOJ recommended a three-year prison sentence for Changpeng Zhao, founder of Binance, following his guilty plea for violating the Bank Secrecy Act last November. Zhao may face additional penalties.

SEC Demands $5.3 Billion Payment from Terra and Do Kwon

The SEC requested that Terraform Labs and founder Do Kwon pay $5.3 billion for cumulative damages related to their failed Terra blockchain. The SEC seeks one of the largest fines in crypto history.

Top Blockchain Performers by 7-Day Change

• Chiliz: +182.0%
• Filecoin: +48.7%
• Near Protocol: +22.5%
• Scroll: +21.4%
• Wemix Network: +17.6%

Top Performers: 7-Day Change in Top 5 Blockchains with Highest TVL

• Ethereum: +7.3%
• TRON: +0.8%
• BNB Smart Chain: -11.2%
• Solana: -2.2%
• Arbitrum One: -0.7%

Crypto 7-D Price Change and Dominance Analysis

• Bitcoin: -1.6% (Dominance: 50.88%)
• Ethereum: +2.1% (Dominance: 15.47%)
• Tether: -0.1% (Dominance: 4.47%)
• BNB: +6.7% (Dominance: 3.73%)
• Solana: -4.2% (Dominance: 2.52%)

Top Gainers & Losers of the Week in Crypto Market

Top Gainers

• Bonk: +57.15%
• Pepe: +37.26%
• Hedera: +31.83%
• Near Protocol: +24.36%
• FLOKI: +20.62%

Top Losers

• Ethena: -20.28%
• Toncoin: -14.46%
• Ronin: -14.22%
• Sui: -12.99%
• Celestia: -12.46%

Stablecoin Weekly Analysis

Top Stablecoins

• Tether: 70.26%
• USDC: 21.24%
• Dai: 3.32%
• First Digital USD: 2.81%
• Ethena USDe: 1.50%

Stablecoin Weekly Price Analysis

• Tether: -0.1%
• USDC: -0.1%
• Dai: +0.2%
• First Digital USD: -0.2%
• Ethena USDe: -0.0%

Bitcoin ETF Weekly Analysis

Bitcoin Futures ETF Weekly Analysis

• BITO: -1.84%
• XBTF: +0.33%
• BTF: -1.17%
• BITS: -0.31%
• ARKA: -1.30%

Bitcoin Spot ETF Weekly Analysis

• GBTC: -1.49%
• IBIT: -1.47%
• FBTC: -1.52%
• ARKB: -1.61%
• BITB: -1.53%

DeFi Market Weekly Status Analysis

• Lido: +1.95%
• EigenLayer: +16.20%
• AAVE: +1.82%
• Maker: +2.73%
• JustLend: -2.77%

NFT Marketplace: A Basic Weekly Analysis

• Blur: -21.45% (Market Share: 65.98%)
• Blur Aggregator: -19.49% (Market Share: 19.31%)
• Superrare: +4.69% (Market Share: 8.85%)
• Cryptopunks: +10.77% (Market Share: 2.36%)
• Opensea: -33.37% (Market Share: 1.47%)

Top NFT Collectible Sales this Week

• CryptoPunks #635: $12,415,880.00
• CryptoPunks #58: $617,572.63
• $PUPS BRC-20 NFTs #569d857: $259,192.41
• Azuki #5869: $211,907.50
• CryptoPunks #9872: $211,390.17

Web3 Weekly Funding Analysis

Crypto Fundraising by Category

• Blockchain Infrastructure: $62.00M
• Blockchain Services: $39.50M
• Chain: N/A
• DeFi: N/A