• CryptoQuant reported an increase in stablecoin exchange inflows, a preference for holding and accumulating.
• Centralized crypto exchanges have been experiencing increased inflows of stablecoins, signaling a potential uptick in buying pressure.
• Ethereum has continued to dominate the stablecoin market with 60% of the total share.

Stablecoin Inflows to Crypto Exchanges: Are Buyers Bullish?

Increased Stablecoin Flows

CryptoQuant has reported an increase in stablecoin exchange inflows, measuring the year’s highest level. Low BTC inflows have indicated a preference for holding and accumulating. Tether and Circle have been actively minting throughout Q1 of 2023, significantly increasing their circulating supplies. Centralized crypto exchanges have been experiencing increased inflows (deposits) of stablecoins, signaling a potential uptick in buying pressure despite a short-term decline in Bitcoin price.

Data Provider Findings

According to recent reports by CryptoQuant, centralized crypto exchanges have been seeing increased stablecoin inflows on March 5th which is the highest level this year. Stablecoins being deposited on exchanges often signifies that investors are preparing buy orders at current or lower levels. On the other hand, Glassnode noted a new one-month low for USDC at 1,544 for March in terms of number of unique addresses that received incoming transactions within a given hour while February saw USDT achieve a monthly high mean transaction volume even with average number of exchange BTC deposits at monthly low reinforcing the notion that people are holding and accumulating instead of selling now.

Ethereum Dominates Market Share

Stablecoins currently account for approximately 12.7% of the entire crypto market with capitalization around $136 billion according to CoinGecko data which shows Ethereum dominating the market with 60% total share followed by TRON’s 27%. Binance’s BNB Chain holds 7% market share leaving little room for other platforms like Gemini Dollar or Paxos Standard Token which hold 3% each of total supply respectively as per CoinGecko records from March 6th .

Conclusion

The influxes of stablecoins into centralized crypto exchanges could indicate bullish sentiment among buyers and investors who are more likely to hodl rather than sell these assets during short term dips in Bitcoin prices. Ethereum remains as dominant force but newer competitors like TRON’s USDT are gaining ground quickly making it interesting to track how these trends evolve over time judging by current stats released by third party data aggregators and analytics firms..

• Shiba Inu (SHIB) developers have launched a new website prior to their Beta release.
• The Shibarium intake form is available for anyone interested in joining the Layer-2 solution.
• Both SHIB and BONE tokens have seen a surge in price after the news of the Beta launch.

Shiba Inu (SHIB) Releases Shibarium Intake Form Prior to Beta Launch

Shytoshi Kusama, main developer of the Shiba Inu (SHIB) community, has taken to Twitter over the weekend to announce the launch of a new website prior to their Beta release. The website provides an open gate for anyone interested in joining the Layer-2 solution and features an intake form with six different options, such as Web3 and Web4 opportunities with Shibarium, business presence building, network validation with voting rights and more.

The Application Process

In order to apply, users must fill out personal details like name, last name and phone number first before completing a questionnaire which will add them to the Shibarium Beta list.

SHIB and BONE Price Surge

Following this news, SHIB Army drastically increased the SHIB Burn rate which soared by 2353.40%. The official Bone ShibaSwap (BONE) Twitter handle also shared this news which pushed $BONE above $2 for the first time since December 2021 although it failed to retain that level and currently trades at $1.85 according to CoinGecko. On the other hand, Shiba Inu Ecosystem’s main token – canine coin Shiba Inu (SHIB) – registered 13% weekly growth followed by 2.5% gains in 24 hours at press time according to CoinGecko data.

What Will Happen Next?

The SHIB Army is patiently waiting for a breakthrough on Shibarium’s Layer- 2 solution ahead of its Beta release this week. It remains yet unclear whether or not SHIB or BONE tokens will be able hold on their gains as they move closer towards launch date but it is clear that both tokens have experienced an increase in price due directly to news surrounding Shibarium’s development process thus far.

Conclusion

The upcoming weeks should prove crucial for both Shiba Inu Ecosystem and its tokens as investors await further updates from its developer team concerning Shibarium’s progress and potential implications when it comes down to its overall impact on crypto markets as well as prices for both SHIB and BONE tokens moving forward into 2021

• Blur NFT marketplace launched seven days ago, with zero fees and fast transaction processing.
• The platform has seen $500M worth of NFT trades in its first week, surpassing OpenSea’s trading volume.
• There have been allegations that the free airdrop was disproportionately distributed to 23 users.

Blur Emerges as Top NFT Marketplace

Founded by developer Pacman, the new Ethereum-based NFT marketplace Blur emerged in October 2022 with ambitions to provide the perfect marketplace for NFT professionals such as art collectors or digital artists. With zero marketplace fees and claims to process transactions ten times faster than the main competitors, Blur has quickly gained traction amongst blue-chip NFT collectors. In its first week alone, the platform has generated $460 million worth of Ethereum #NFT trades over the past seven days – surpassing OpenSea’s trading volume of $107 million.

Popular Digital Art Collection Surges 1073%

The most noticeable surge this week is from Jack Butcher’s newest contemporary art Opepen Edition NFT which is trending on both Blur and OpenSea with a 1073.33% weekly surge in volume upping the floor price to 0.88 Ethereum (ETH). Both marketplaces have scooped up around 10,000 Ethereum (ETH) in trading sales on Opepen NFT thus far.

Allegations of Disproportionate Airdrop Distribution

Crypto Twitter is now boiling with allegations that the Blur (BLUR) token was airdropped disproportionately thus leaving 23 users with the biggest piece of the pie. Blockchain data analytics tool LookOnChain indicates several unusual transactions after a whale bought 2.52 million $BLUR tokens which were later used to send NFTs back and forth between same accounts to play staking system and reap crypto rewards as well as dramatically increase overall trading volume.

Rising Market Cap

In its first week alone BLUR has marked 66.8% gains claiming a $420 million market cap currently trading at 1.09 according to CoinGecko while its native token also saw significant growth on other exchanges making it one of top DeFi tokens right now despite all controversies surrounding it’s free airdrop distribution model .

Conclusion

Despite controversy surrounding its free airdrop distribution model, BLUR is quickly emerging as one of top DeFi tokens today due to its zero fee structure and incredibly fast transaction processing speed resulting in total weekly trade value exceeding $500M surpassing even leading competitor OpenSea’s own record for same period .

• Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), has warned the SHIB Army to be careful of copycat tokens like Paw (PAW).
• Kusama also shared a donation link to help victims of the Kahramanmaras earthquake in Turkey and Syria.
• While the highly-anticipated Layer-2 solution for Shiba Inu, Shibarium, is still uncertain, community members are encouraged to remain patient.

Shytoshi Kusama Clears Up New Token Rumors

Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), recently cleared up rumors about a new token called Paw (PAW). He publicly distanced himself from this copycat token and warned his followers to be careful “many wolves in Shib’s clothing”.

Crypto Donations For Earthquake Relief

Kusama also used his platform to share a donation link that supports BEP20, Avalanche, and ERC-20 tokens on the Ethereum (ETH) network. This was done as an effort to support victims of the devastating earthquake in Turkey and Syria.

The Release Of Shibarium Remains Uncertain

The SHIB Army was eagerly awaiting for the launch of Layer-2 solution for Shiba Inu – Shibarium – on Valentine’s Day. However, it did not come into fruition by then end of day. Despite this disappointment, other members have urged everyone to stay patient with regards to its release date.

Be Careful Of Copycat Tokens

While it is important for crypto users to keep up with new developments within their communities, they should always be wary of false endorsements and pump-and-dump schemes disguised as legitimate projects or tokens. It is therefore essential that they verify any information before investing or donating money into any project or token project.

A Call To Help Those Affected By The Earthquake

At lastly but not least importantly, Kusama’s call out serves as reminder that those affected by natural disasters need our attention and aid more than ever during these trying times; whether through donations or simply showing support via social media platforms.

• CoW Swap, a decentralized exchange (DEX), has become the latest DeFi protocol to be exploited after a hacker drained a settlement contract containing its protocol fees, looting over $180,000 worth of crypto.
• CoW Swap confirmed the exploit but noted that neither the protocol nor its users suffered any loss.
• The hacker exploited a smart contract in the „solvers competition“ of CoW Swap and tricked the DEX GPv2Settlement contract to allow anyone to transfer from the settlement contract.

CoW Swap Exploited for Over $180,000 Worth of Crypto

CoW Swap, a decentralized exchange (DEX) has become the victim of an exploit with over $180,000 worth of crypto stolen by a hacker on February 7th 2023. The hacker exploited a smart contract in the „solvers competition“ of CoW Swap, however neither the protocol nor its users suffered any loss according to CoW Swap.

How Was CoW Swap Exploited?

The exploiter entered into “solver competition” ten days prior to exploit and hacked the smart contract allowing anyone to transfer from settlement contracts. They then tricked DEX GPv2Settlement contract to approve SwapGuard for DAI spending before returning again to trigger SwapGuard transferring DAI from GPv2Settlement contract.

Victim or Not – What Did CoWSwap Say?

CoWSwap confirmed that an external solver was exploited and used it drain their Settlement Contract which held seven days worth of Protocol Fees However they noted that no funds were stolen from their protocol during this exploit as well as none of their users were affected either. Nansen reported that roughly $180,000 was stolen and consolidated into two wallets containing $123,000 DAI, $50,000 BNB and $7,400 ETH.

No Losses For Users or Protocol

The team at CowSwap also assured that despite there being losses due to this hack not one user or protocol had suffered any losses since they never hold user funds and added that all damages will be paid by Solver’s Bond itself.

End Result

The hackers managed to steal over $180k worth of crypto exploiting a smartcontract in “solvers competition” on CowSwap but thankfully none of CowSwaps users or protocols suffered any losses due to this exploit as all damages would be paid for by solver’s bond itself instead

•Experts are very optimistic about the cryptocurrency industry in 2023, predicting a remarkable rise in Flow (FLOW), Aave (AAVE), and BudBlockz (BLUNT).
•BudBlockz (BLUNT) has already seen 250% gains in its presale, and experts predict continued price increase throughout 2023.
•BudBlockz seeks to facilitate the adoption of cannabis and its related products.

The cryptocurrency industry is entering a new era in 2023. Investors are keenly watching this space and are looking for viable long-term investments. There is a great buzz in the market due to the impressive and steady rise of various tokens. Several collaborations, new releases, and presales have further increased the level of anticipation.

Experts are particularly optimistic about the price increase of Flow (FLOW), Aave (AAVE), and BudBlockz (BLUNT). Flow (FLOW) is a blockchain platform designed to enable developers to create and scale decentralized applications. It provides developers with the tools to build a secure and highly scalable blockchain network. On the other hand, Aave (AAVE) is an open-source, decentralized protocol for money market creation. It enables users to earn interest on deposits and borrow assets with a single click.

BudBlockz (BLUNT) is an innovative platform that seeks to solve the various challenges faced by the cannabis industry. It has already seen remarkable gains in its presale, with almost 250% increase in price. Experts predict that this token will continue to experience a remarkable rise in price throughout 2023. The cannabis industry is a rapidly growing economy, but it is still faced with numerous limitations due to its illegal status in some countries. BudBlockz seeks to enhance and facilitate the adoption of cannabis and its related products.

All in all, there is a great deal of optimism in the cryptocurrency industry in 2023. Experts believe that tokens such as Flow (FLOW), Aave (AAVE), and BudBlockz (BLUNT) are more than capable of experiencing remarkable price increases in the upcoming year. These tokens are top choices for investors looking for long-term investments, as they are incredibly innovative and incredibly profitable.

• Sam Bankman-Fried (SBF) invested a total of $400 million in Modulo Capital in the third and fourth quarters of 2022.
• SBF had a romantic relationship with one of the founders of Modulo Capital, Xiaoyun „Lily“ Zhang.
• The new handlers of FTX have seized over $500 million from SBF so far as they search for assets that can be used to reimburse customers.

In March 2022, Modulo Capital, a trading firm, was launched. Not long after, the embattled ex-FTX CEO, Sam Bankman-Fried (SBF), invested a total of $400 million in the company. According to a New York Times report, two large sums were sent to Modulo Capital from Alameda Research in the third and fourth quarters of 2022, totaling the said amount.

The Financial Times also revealed that one of the founders of Modulo Capital, Xiaoyun „Lily“ Zhang, was romantically involved with SBF. The two had worked together at Jane Street Capital for around a decade, as SBF had been employed there in the early days of his career. The other co-founder, Duncan Rheingans-Yoo, had recently graduated from Havard just two years prior to the said investment.

As a result of such details coming to light, the new handlers of FTX are searching for assets that can be used to reimburse customers. To date, they have seized over $500 million from SBF, as they continue their search for additional funds.

Given the circumstances, it is still unclear as to whether SBF’s relationship with Zhang had any role in the investment of $400 million. However, the fact remains that the new handlers of FTX will continue to investigate the matter in order to ensure that customers receive the necessary reimbursement.

• Embattled crypto lender BlockFi mistakenly released financial documents that showed it had $1.25 billion of its finances tied to FTX and Alameda Research.
• Out of the $1.25 billion exposure to FTX and Alameda, BlockFi has $831.3 million in loans to Alameda Research.
• Last year, Sam Bankman-Fried, the FTX CEO, revealed that his company had granted a $250 million loan to BlockFi.

Crypto lender BlockFi recently made headlines when it mistakenly released financial documents that revealed the extent of its finances tied to FTX and Alameda Research. According to the documents, BlockFi had $1.25 billion of its assets invested in the two companies, a figure that was redacted in BlockFi’s previous filing.

Out of the $1.25 billion exposure to FTX and Alameda, BlockFi had $831.3 million in loans to Alameda Research. The remaining $415.9 million represented assets tied to FTX. It is unclear whether these figures represent fluctuations in crypto prices, but the amount is significantly higher than what the bankrupt lender previously disclosed.

When the crypto lender’s woes started to unfold last year, FTX decided to bail them out. Sam Bankman-Fried, the FTX CEO at the time, revealed that his company had granted a $250 million loan to BlockFi. This loan came a week after FTX had given a $485 million loan to Voyager Digital.

Ripple’s General Counsel recently pointed out the role of the SEC in the FTX fiasco. The SEC had admitted that FTX had used customer funds to try and bail out BlockFi. This has raised questions about the level of oversight the SEC has over such transactions.

At the moment, it is unclear what the future holds for BlockFi and its investors. What is clear is that the crypto lender needs to take measures to ensure that such mistakes and missteps do not occur in the future. If it fails to do so, it could find itself in the same situation as before.

Bullet Points:
– Lisa Rubin, blockchain attorney with Paul Hastings, sat down with Decrypt’s Jason Nelson to discuss legal misconceptions in the industry.
– The Crypties 2022 awards gala was held in Miami, sponsored by various crypto projects.
– Kathleen Breitman, co-founder of Tezos, and venture capitalists discussed raising money during Crypto Winter at 0xpo Summit.

At 0xpo Crossroads in San Francisco, a prominent blockchain attorney with Paul Hastings, Lisa Rubin, sat down with Decrypt’s Jason Nelson to discuss legal misconceptions that the industry still holds. Rubin highlighted the importance of seeking legal advice before launch, noting that many crypto companies have failed to appreciate the importance of this step. Rubin also discussed the necessity for companies to have a clear understanding of the laws and regulations applicable to their particular industry, and cautioned that failing to do so could result in dire consequences.

In December 2022, Decrypt Studios held the inaugural Crypties awards gala at Art Basel in Miami. The evening was hosted by Josh Ostrovsky („The Fat Jewish“), and awards were presented in nine categories. Companies such as Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721 sponsored the event.

At the 0xpo Summit in San Francisco, Kathleen Breitman, co-founder of the Tezos blockchain, spoke with Decrypt’s Stephen Graves about how Tezos has used a proof-of-stake mechanism since its inception. Breitman also discussed her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.

In addition, venture capitalists Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson for a panel on raising venture money even during Crypto Winter. The panelists discussed the challenges of raising capital during a bear market, as well as strategies for mitigating risk and identifying opportunities.

Overall, the 0xpo Crossroads and 0xpo Summit events provided an opportunity for industry professionals to engage in meaningful dialogue about the various legal and financial challenges that the crypto sector faces. From legal advice to raising money in a bear market, the events highlighted the importance of collaboration and knowledge-sharing in the industry.