HTX Weekly (01/24-01/30): Things that Matter More than the Impact of Fed's Interest Rate Hike

01/30/2022 23:00 (UTC)Latest News

  1.       Last Week’s Wrap-Up

Primelist Everyday – First to Fifth Period

Projects

Participants

/ Representing  Countries

Maximum Price within 15 Minutes

Highest Increase

HT Position Annual Percentage Yield

LOOT

145626/142

8 USDT

1000%

95%

AST

145626/148

1.0404128 USDT

743.15%

35%

STORE

135372/151

0.170006 USDT

1600 %

22%

SPELLFIRE

106665/135

0.25 USDT

900 %

54%

WALLET

121,695/141

0.192013 USDT

540%

34%

 

Pioneer Zone New Launch

Listed Date

Projects

Maximum Gain Since Launch

2022/1/24

ACA

31.26%

2022/1/25

CTX

33.93%

2022/1/25

MPL

233.5%

2022/1/26

PLU

119.07%

2022/1/28

HBB

198.98%

 

2.     What to Watch Out for This Week

>Futures<

Earn Trading Rebates on USDT-M Futures

Campaign Period: From 16:00 (UTC) on January 31, 2022 to 16:00 (UTC) on February 28, 2022

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HTX Futures to List Three New Swaps

Campaign Period: 10:00 (UTC) on Jan 30, 2022

Click for more information

 

HTX’s PRO Sharing Program

Click for more information

 

400,000 USDT Giveaway for Spot and Derivative Market Makers

Campaign Period: 16:00 (UTC) on Jan 31, 2022 – 16:00 (UTC) on Feb 28, 2022

Click for more information

 

>SPOT<

Special Campaign: Trade STORE to Get a Share of the 20,000 USDT Prize Pool and 100% APY

Period: 13:00 (UTC) on Jan 26, 2022 - 13:00 (UTC) on Feb 2, 2022

Click for more information

 

ACA Deposit/Trade Promotion: Join to Win 40,000 USDC and 100% APY

Period: 06:00 (UTC) on Jan 25, 2022 - 12:00 (UTC) on Feb 1, 2022

Click for more information

 

ATS Trade Promotion:Join to Win 70,000 ATS and Enjoy 999% APY

Period: 13:00 (UTC) on Jan 25, 2022 - 13:00 (UTC) on Feb 1, 2022

Click for more information

 

Earn up to 999% APY for New Primelist Tokens and Win 80% APY Booster Coupons

Event Period: 12:30 (UTC) on 24th Jan 2022 – 12:30 (UTC) on 30th Jan 2022

Click for more information

 

Special Campaign: Trade SUKU to Get a Share of $30,000 Prize Pool

Event Period: 14:00 (UTC) on Jan 24, 2022 - 14:00 (UTC) on Jan 31, 2022

Click for more information

 

>HTX Earn <

HTX Prime Earn Creative Video Challenge: Grab up to 1,000 USDT!

Launch Time: 8:00 (UTC) on 27th Jan 2022  

End Time: 8:00 (UTC) on 6th Feb 2022

Click for more information

 

3.     Market Movers

Cryptocurrency

Last Week’s Closing Price (USDT)

Weekly Change

ATS

1.16700100

733.57%

STORE

0.06401000

540.10%

WALLET

0.15802200

426.74%

SPELLFIRE

0.07768800

210.75%

TRACE

0.76780000

155.93%

PEOPLE

0.06832000

88.85%

QSP

0.04432486

79.46%

HBB

1.66570000

66.57%

DIO

0.44000000

59.41%

LOOT

1.26360000

57.95%

 

4.     Operating Metrics

Security incidents

0

# of launched products

5

Contracts trading volumes

24.14 billion

Spot trading volumes

15.3 billion

On-chain user balances

10.4 billion

 

Trading Volumes & On-chain Balances Chart

 

5.       Industry Trends

Main Projects Trends

The 24-hour transaction volume on the Fantom chain exceeds that of Ethereum on January 24.

Wonderland CFO 0xSifu, previously as a cofounder of the failed crypto exchange QuadrigaCX, affecting multiple protocols on chains.

Hackers attacked users in a recent OpenSea exploit which allowed the attackers to steal millions of dollars’ worth of NFTs.

HTX Research Institute Analysis

Fantom has been very popular lately under Andre Cronje's leadership, especially after the launch of ver(3,3). On the contrary, cryptocurrencies such as Ethereum have continued to be in the doldrums in the recent bear market. On top of that, the extremely high yields of veDAOs and 0xDAO have attracted a lot of capital in a short period of time. 0xDAO has gained much more from veDAOs, with 3 billion TVL in just one day. And these projects are considered as a replication of curve war on Fantom.

 

International Industry Trend

Cryptocurrency may enter into bear market after the US Federal Reserve Bank announced it is going to accelerate its plans to taper asset purchases and raise interest rates.

Matter Labs has announced a $200 million decentralized autonomous organization (DAO).

Listed miner Greenidge Generation says it will spend $264 million to build a data center in South Carolina.

YouTube plans to enter the crypto market.

 

HTX Research Institute Analysis

The Fed Reserve has ended the last two years’ loose monetary policy and led the US stock market and crypto market both showed a slight decline. According to previous data, the Fed's policy was tightening during 2015 to 2018, even it raised rates in 2016, the Bitcoin price still climbed with a bull market in 2017. However, Bitcoin went into a bear market after a short while of tapering in October, 2017. So, it is important for us to focus on the impact of balance sheet tapering rather than rate hike. The extent of future rate hikes, the timeline and size of the taper are yet to be announced.

 

Regulations

BSTX has received approvals from the US SEC for operating a blockchain-based national stock exchange in the US.

The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order.

A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies in Russia.

Hong Kong regulators announced the Joint Circular on Intermediaries’ Virtual Asset-related Activities.

 

HTX Research Institute Analysis

BSTX is known as the Boston Security Token Exchange. The approval is actually a popularization of blockchain technology. It is only allowing for applications in the traditional marketplace for settlement sessions, not involving crypto transactions or other forms of blockchain technology use.

 

6 Weekly Blockchain Deals

HTX Research Institute Analysis

The Blockchain investing and financing deals over this week reached 29 in total, or 190 million USD in valuation. 30% lower in volume than last week, but with a larger amount. In terms of tracks, the investment and funding were mainly focused on the Infrastructure, Cefi and Asset Management this week.

There were five funding over $100 million:

Fireblocks closes $550 million Series E round funding;

FTX US closes $400 million Series A round funding;

Crypto tax reporting platform CoinTracker closes $100 million Series A round funding;

Institutional blockchain infrastructure company Blockdaemon completed a US$207 million Series C round funding;

HashKey Group, Asian digital asset financial services group, completed its first capital raising of US$360 million.

 

HTX Weekly (01/24-01/30): Things that Matter More than the Impact of Fed's Interest Rate Hike | HTX