CryptoSlate Daily wMarket Update: Bitcoin hits $19,000 as market cap crosses $900B Samuel Wan · 5 hours ago · 2 min read The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.2 min read Updated: January 13, 2023 at 12:40 pm Cover art/illustration via CryptoSlate The cryptocurrency market cap saw net inflows of $22.51 billion over the last 24 hours and currently stands at $907.55 billion — up 2.5% from $885.04 billion.Bitcoin’s market cap increased by 4% to $364.44 billion from $350.53 billion, while Ethereum’s market cap grew 0.9% to $172.54 billion from $171.06 billion over the reporting period.In the last 24 hours, the top 10 cryptocurrencies all recorded gains, with Bitcoin topping the list, up 4%.
Litecoin brings up the rear, growing just 0.6%.Since the last report, the market caps of Tether (USDT) and USD Coin (USDC) were up $66.28 billion and $44.02 billion, respectively.By contrast, BinanceUSD (BUSD) decreased to $16.32 billion.Bitcoin Over the last 24 hours, Bitcoin grew 4% to trade at $18,929 as of 07:00 ET.
Its market dominance rose to 40.2% from 39.6%.BTC spiked higher on Thursday afternoon (ET), reaching a peak price of $19,126 by the early evening before bears stepped in to lower the price.Ethereum Ethereum grew 0.9% over the last 24 hours to trade at $1,411 as of 07:00 ET.Its market dominance fell to 19% from 19.3%.The price performance of ETH mirrored BTC’s, recording a peak price of $1,438 by Thursday early evening (ET).The subsequent drawdown bottomed at $1,401 before edging higher over the rest of the reporting period.Top 5 Gainers Micromines MICRO is today’s top gainer, rising by 208.6% over the last 24 hours to $0.00836 as of press time.No recent fundamental developments were noted.
Its market cap stood at $150.5 million.XYO XYO was up 41.1% to trade at $0.00743 as of press time.No recent fundamental developments were noted.Its market cap stood at $95.4 million.
SingularityNET AGIX gained 39.4% over the reporting period to trade at $0.11932 as of press time.The token is up 145% over the past week.Its market cap stood at $137.63 million.Kaspa KAS grew 24.4% in the last 24 hours to $0.006.
Its market cap stood at $95.37 billion.Top 5 Losers Neutrino USD USDN is the day’s biggest loser, falling 4.6%% to $0.36412 as of press time.The WAVES-backed algorithmic stablecoin depegged from its $1 price last summer.Its market cap stood at $247.7 million.LUKSO LYXe decreased 1.6% to $9.19532 as of press time.Despite today’s minor sell-off, the token is up 67.5% over the past month.Its market cap stood at $141.66 million.ABBC Coin ABBC shed 1.1% over the reporting period to trade at $0.09514 as of press time.
Its market cap stood at $99.99 million.BORA BORA dropped 0.8%% over the reporting period to $0.13578.Its market cap stood at $125.93 million.
Read Our Latest Market Report CryptoSlate Wrapped Daily: SBF comments on FTX’s fate; Nexo faces criminal allegations News Desk · 7 hours ago · 4 min read Sam Bankman-Fried says that an FTX recovery is possible.Nexo faces criminal charges in Bulgaria.These and other stories in the CryptoSlate Wrapped Daily.4 min read Updated: January 12, 2023 at 11:25 pm Cover art/illustration via CryptoSlate The biggest news in the cryptoverse for Jan.12 saw former FTX CEO Sam Bankman-Fried comment on a possible FTX recovery and tell his side of the story.Elsewhere, Nexo has been accused of financial crimes and has had its offices raided.Lido is accumulating staked ETH, while Binance is doubling down on Fetch.ai.
Plus, research on Genesis and its GUSD stablecoin — alongside reports that the company owes creditors $3 billion.CryptoSlate Top Stories FTX recovery possible if sold as a going concern according to SBF Sam Bankman-Fried confirmed that he still believes there is a future for FTX in a tweet reply to Twitter user WassieLawyer.SBF said: “I think that [customers] being made substantially whole is a real possibility.” SBF was agreeing with the Twitter user who said “a sale of the FTX exchange as a going concern is viable” and they were “bullish on recovery” in relation to FTX.SBF said that selling FTX as a functioning business “is and always has been the best recovery scenario for customers.” He also referenced the ongoing argument that FTX.US should be able to return funds to customers as it was allegedly solvent at the time of the Chapter 11 filing.SBF reveals his side of the FTX story, blames CZ, targeted attack against FTX Former FTX CEO Sam Bankman-Fried (SBF) launched a Substack report in which he detailed his version of accounts of what happened at FTX.SBF claimed that “no funds were stolen” and attributed the collapse to Alameda’s inability to hedge against a market crash adequately.
Nexo co-founder calls financial crimes allegations ‘absurd’ Nexo’s co-founder and managing partner Antoni Trenchev confirmed that authorities are present at one of Nexo’s offices in Bulgaria following local reports that the Sofia office was raided in relation to “financial crimes.” Trenchev told CryptoSlate that “Bulgaria is the most corrupt country in the EU” and called the allegations “absurd” as Nexo is “one of the most stringent entities with regards to KYC/AML.” Nexo offices raided on allegations of financial crimes Nexo’s Sofia offices were raided by authorities and “foreign agents” in relation to financial crimes, according to local media outlet Standart News.
The report claims investigations into Nexo began several months ago after “foreign services” alerted Bulgarian authorities to suspicious transactions.It added that the nature of these transactions related to sidestepping Russian sanctions.Standart News also made the claim that the company owners have appropriated users’ funds to the tune of billions of dollars.
Nexo-linked addresses see outflows of nearly $9M amid rising FUD On-chain data shows that addresses related to crypto lender Nexo are recording outflows following news of financial crimes investigations by the Bulgarian government.Crypto intelligence platform Arkham Intelligence dashboard showed that the crypto lender had seen outflows of roughly $9 million since the news broke.A breakdown of the transactions showed that Nexo’s address, 0xFfe, saw the majority of the withdrawals.DCG scrambling to raise funds to cover Genesis’ $3B debt burden Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on Jan.
12, citing sources familiar with the matter.The lender owes $900 million to users of Gemini’s Earn program, over $303 million to Dutch exchange Bitvavo, as well as money to users of crypto savings firm Donut.On Jan.10, Bitvavo rejected DCG’s proposal to repay 70% of its debt.
Genesis is in talks with investment bank Moelis to explore its options but external funding attempts have failed so far.Genesis’ parent company Digital Currency Group (DCG) is seeking to unload its venture capital portfolio to raise funds, according to the FT report.Staked Ethereum surpasses 16M, over 70% stakers at a loss The amount of staked Ethereum (ETH) has risen by 18% to over 16 million since the network completed its transition to a proof-of-stake (PoS) network last year, according to CryptoSlate data.The 16 million staked ETH equates to roughly 13.28% of ETH’s total supply — worth $22.42 billion — 500,213 total validators and 87,121 distinct depositor addresses, according to Dune analytics data.Lido is the dominant staking platform, controlling 29.08% of staked Ethereum.Around 4.65 million ETH — worth $6.8 billion — have been staked through it, according to the offical Lido website, FET becomes reserve asset for Binance as AI token popularity rises Fetch.ai (FET)has become a listed token on Proof of Reserves (PoR) for a number of exchanges, including Binance, Huobi and Bitfinex, according to Glassnode data.
Artificial Intelligence (AI) token popularity surged over the last three months — leading to significant increases in AI token price and active addresses, according to CryptoSlate data.Research Highlight Research: Gemini, GUSD start losing followers as metrics hit all-time lows Glassnode data analyzed by CryptoSlate shows that the U.S.-based crypto exchange Gemini and its stablecoin Gemini Dollar (GUSD) are starting to lose followers and the community’s trust as metrics fall to all-time lows.The number of active addresses that hold GUSD has slumped back to its 2020 levels.The chart below represents the active wallet number since the beginning of the year 2019.The number of wallets started to increase at the end of 2020 and reached almost 1200 towards the end of 2021.Since then, active addresses that hold GUSD fell by 91.6% and retreated back to 100 in January 2023.
BUSD balance on exchanges also recorded a significant decrease.The chart below demonstrates the BUSD balance held on exchanges since the beginning of 2019.Crypto Market In the last 24 hours, Bitcoin (BTC) rose 7.41% to trade at $18,850, while Ethereum (ETH) was up 6.43% at $1,427.Biggest Gainers (24h) – XYO (XYO): 21.73% – Avalanche (AVAX): 19.57% – Locus Chain (LOCUS): 14.12 Biggest Losers (24h) – Neutrino USD (USDN): -11.4% – Voyager Token (VOX): -10.73% – iExec RLC (RLC): -8.02% Read Our Latest Market Report CryptoSlate Daily wMarket Update: Ethereum posts 9 week high to lead the top 10 cryptos Samuel Wan · 2 hours ago · 3 min read The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.3 min read Updated: January 12, 2023 at 12:54 pm Cover art/illustration via CryptoSlate The cryptocurrency market cap saw net inflows of $27.32 billion over the last 24 hours and currently stands at $885.04 billion — up 3.2% from $857.72 billion.
Bitcoin’s market cap increased by 4.4% to $350.53 billion from $335.83 billion, while Ethereum’s market cap grew 4.7% to $171.06 billion from $163.4 billion over the reporting period.In the last 24 hours, the top 10 cryptocurrencies all recorded gains, with Ethereum leading the pack with a 4.7% increase in value.Bitcoin placed second, recording 4.4% gains.
Solana occupies the last position today, growing just 0.4%.Since the last report, the market caps of Tether (USDT) and BinanceUSD (BUSD) saw a decrease to $66.27 billion and $16.37 billion, respectively.By contrast, USD Coin (USDC) recorded an increase to $43.97 billion.Bitcoin Over the last 24 hours, Bitcoin grew 4.4% to trade at $18,199 as of 07:00 ET.Its market dominance grew slightly to 39.6% from 39.2%.Bulls spiked the leading cryptocurrency higher on Wednesday evening (ET), resulting in a peak price of $18,736 – a four-week high.Ethereum Ethereum grew 4.7% over the last 24 hours to trade at $1,398 as of 07:00 ET.Its market dominance grew to 19.3% from 19.1%.
Over the last 24 hours, ETH recorded a peak price of $1,419 on Wednesday evening (ET) – this equated to a nine-week high for the second-largest cryptocurrency.Top 5 Gainers Avalanche AVAX is today’s top gainer, rising by 21.5% over the last 24 hours to $15.1719 as of press time.The project has partnered with Amazon Web Services to scale business and government blockchain solutions.
Its market cap stood at $4.73 billion.FTX Token FTT rose by 15.5% to trade at $1.38216 as of press time.Former CEO Sam Bankman-Fried recently tweeted details of a recovery scenario.Its market cap stood at $454.58 million.Waves WAVES gained 11.4% over the reporting period to trade at $1.75110 as of press time.The token is up 26.7% over the past month.Its market cap stood at $193.26 million.
NEAR Protocol NEAR grew 11% in the last 24 hours to $1.77145.Its market cap stood at $1.5 billion.Harmony ONE rose 9% to $0.01339 as of press time.The token grew 26.7% over the past week.Its market cap stood at $174.35 million.Top 5 Losers Neutrino USD USDN is the day’s biggest loser, falling 14.2% to $0.38273 as of press time.The WAVES-backed algorithmic stablecoin depegged from its $1 price last summer.
Its market cap stood at $260.36 million.Voyager Token VGX decreased 11.2% to $0.36437 as of press time.The token was among the top gainers yesterday due to court approval of the Binance buyout.Its market cap stood at $101.47 million.Bitcoin SV BSV shed 7.8% over the reporting period to trade at $40.9325 as of press time.Robinhood delisted the token effective Jan.25.
Its market cap stood at $788.61 million.iExec RLC RLC dropped 7.7% over the reporting period to $1.37798.Its market cap stood at $111.62 million.
BinaryX BNX declined 6.6% to $71.7780 in the last 24 hours.Its market cap stood at $205.14 million.Read Our Latest Market Report Wrapped CryptoSlate Daily wMarket Update: AI narrative holds firm as SingularityNet leads top gainers CryptoSlate Daily wMarket Update: AI narrative holds firm as SingularityNet leads top gainers Samuel Wan · 2 hours ago · 3 min read The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.3 min read Updated: January 11, 2023 at 12:49 pm Cover art/illustration via CryptoSlate The cryptocurrency market cap saw net inflows of $5.61 billion over the last 24 hours and currently stands at $857.72 billion — up 0.7% from $852.11 billion.Bitcoin’s market cap increased by 1% to $335.83 billion from $332.23 billion, while Ethereum’s market cap grew 0.4% to $163.4 billion from $162.6 billion over the reporting period.
In the last 24 hours, the top 10 cryptocurrencies posted a mixed performance.XRP leads the pack with 3.7% gains.Meanwhile, Cardano brings up the rear, recording a 1% loss in value.Since the last report, the market caps of Tether (USDT) and BinanceUSD (BUSD) saw an increase to $66.28 billion and $16.42 billion, respectively.By contrast, USD Coin (USDC) recorded a slight decrease to $43.8 billion.Bitcoin Over the last 24 hours, Bitcoin grew 1% to trade at $17,438 as of 07:00 ET.
Its market dominance grew slightly to 39.2% from 39%.The leading cryptocurrency peaked at $17,510 on Tuesday evening (ET,) before the ensuing drawdown found support at $17,367.Ethereum Ethereum grew 0.4% over the last 24 hours to trade at $1,335 as of 07:00 ET.Its market dominance stayed flat at 19.1%.Over the last 24 hours, ETH recorded a peak price of $1,348 on Tuesday late lunchtime (ET).The resulting downturn found support at $1,327 on two occasions, before trickling marginally higher.
Top 5 Gainers SingularityNet AGIX is today’s top gainer, rising by 33.9% over the last 24 hours to $0.09218 as of press time.Chief AI Officer Matt Iklé recently updated on progress, including advances in OpenCog Hyperon technology.Its market cap stood at $106.32 million.
Voyager Token VGX rose by 31.1% to trade at $0.41866 as of press time.Court approval was granted for the Binance takeover.Its market cap stood at $116.59 million.
Fetch FET gained 21.7% over the reporting period to trade at $0.19050 as of press time.No new fundamental developments have been noted, but AI-related projects are generally uptrending.
Its market cap stood at $156 million.Ergo ERG grew 15.5% in the last 24 hours to $1.64512.Its market cap stood at $96.47 million.Creditcoin CTC rose 12.5% to $0.55543 as of press time.
Its market cap stood at $115.12 million.Top 5 Losers Aptos APT is the day’s biggest loser, falling by over 8.3% to $5.22091 as of press time.The token was Tuesday’s top gainer, suggesting today’s sell-off resulted from profit-taking.Its market cap stood at $678.72 million.IoTeX IOTX decreased 7.7% to $0.02437 as of press time.Its market cap stood at $229.61 million.Lido DAO Token LDO shed 7.4% over the reporting period to trade at $1.85086 as of press time.Despite today’s drawdown, the token is still up 77.4% over the past month.
Its market cap stood at $1.53 billion.FTX Token FTT dropped 7.3% over the reporting period to $1.19498.The token has recently pumped, up 24.3% over the past week, for unknown reasons.Its market cap stood at $393.02 million.
Gala GALA declined 3.9% to $0.03897 in the last 24 hours.The project is riding high after a series of positive developments, including a move into mobile gaming.GALA grew 117% over the past week.Its market cap stood at $271.88 million.
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