​​Ethereum hits new all time high of $1,500 on February 2, 2021. ETH crushed previous peak that was recorded last month.

​​Balancer V2 is expected to launch this March. According to the blog post all interactions with Balancer V2 will be done through one single access point: the vault. Trading will become more gas efficient. Pools will have full control over the underlying tokens they add to the vault. Balancer V2 will allow users to hold internal token balances that can be useful for high-frequency trader efficiency as ERC20 transactions will not be involved.

​​The Latest Breaking News 📣

#1 India plans to introduce law to ban Bitcoin, other private cryptocurrencies - link

#2 Crypto exchange Coinbase has chosen Nasdaq as its direct listing venue — link

#3 Former Bank of China executive joins BitMEX’s parent firm as a non-executive board director — link

#4 USDC on exchanges doubled in January while Tether's dominance fell to new lows — link

#5 Robinhood Raises $2.4 Billion After Gamestop Incident — link

#6 Uniswap logs more than $30 billion in monthly trade volume for January — link

#7 Kraken to run its own Chainlink node to provide price data to DeFi apps — link

​​Binance will list Prosper (PROS) on February 3rd. PROS/ETH trading pair will go live at 8:00 AM (UTC). Prosper is a non-custodial prediction & hedging platform based on Ethereum and Binance Smart Chain.

​​KuCoin will list Ren (REN) and Loopring (LRC) on February 3rd. REN/USDT and LRC/USDT Trading will go live at 10:00 AM on Feb 3 (UTC).

​​DAOventures (DVG) will have a public sale on Polkastarter on February 18. A robo-advisor and automated money manager platform will offer $100K allocation of DVG tokens at $0.225 per token. The startup will enter the market on the same day with $430k initial circulating supply.

​​Top 20 most discussed cryptocurrencies on Twitter in January 2021. In the chart below you can find a share of mentions of each coin. Top 150 coins by market cap were analyzed.

​​Performance of the tokens that entered the market in 2021. Only tokens first time listed in 2021 were analyzed. Not all tokens are included.

​​Ethereum futures open interest shoots up nearly 40% overnight, hits a record total of $5.4 billion.

​​📈Market Overview

Bitcoin continues its upward movement. The price increased by +4.12%. At the moment, the price is above $38,000. The local peak, which was formed on January 29 after Elon Musk's tweet, is still $500 away.

According to Michelle, three coins from the Top-10 have updated ATH over the past day. Among them, Ethereum - $1690, Polkadot - $21.48, Chainlink - $25.93.

Market capitalization: $1.19T (+5.52%)
The BTC dominance: 59.64% (-1.31%)
Fear & Greed Index: 80 (Extreme Greed)

​​For the past few days, Grayscale investors added more Ethereum than Bitcoin.

Grayscale $ETH trust now holds $5 billion worth of Ethereum, 2.6% of the total supply.

​​The Latest Breaking News 📣

#1 Visa Partners with Black-Centered Bank for Crypto API Pilot - link

#2 China’s Central Bank Is Partnering With SWIFT on a New Joint Venture — link

#3 Saylor, MicroStrategy Offer Playbook for Corporate Bitcoin Adoption at Annual Summit — link

#4 PayPal is investing in a new business unit focused on crypto and digital currencies — link

#5 Retail interest soars as ‘Buy Crypto’ Google searches explode to new ATHs — link

#6 Tezos records highest number of contract calls in January with several dApps set to launch — link

​​FTX Listed Linear Finance

Linear Finance (LINA) is now available on FTX Exchange. Trading is opened for Spot and Futures markets.

​​Umbrella Network Partnered with YOP Finance

Umbrella Network, a community-owned Layer 2 Oracle solution for the DeFi market, partnered with YOP Finance, a yield-optimization platform & protocol.

​​Total Value Locked in DeFi Hit New ATH🚀

Total value locked across the spectrum of smart contracts, protocols and DApps built on Ethereum hit a new ATH of $32.10B.

Since the February of 2020 TVL in DeFi has surged by +3032%

​​Spike in Ethereum funding in 2020, indicating a bullish bias. Arbitrage opportunities between Bitfinex and other exchanges.

​​Prometeus will start PROM staking program with 1,000 PROM daily reward pool. The staking program will be available from Feb 5 till May 5 on Prometeus platform. Stake lock-up period: 90 days. Reward vesting period: 45 days.

​​KuCoin will list Klever (KLV) and BOSAGORA (BOA) on February 5th. BOA/USDT, KLV/USDT and KLV/BTC trading pairs will go live at 10:00 AM on Feb 5 (UTC).

​​OptionRoom (ROOM) token metrics. The startup will have two public fundraising rounds tomorrow on Polkastarter and Bounce Certified. ROOM will enter the market with initial market capitalization of $315k on February 5.

​​Terraform Labs has introduced its investment arm, Terraform Capital. The fund focused on Terra ecosystem will initially be seeded with $10 million. To be considered, projects must incorporate Terra assets, LUNA, TerraUSD, mAssets, or any of Terra’s other interchain stablecoins.

​​Yearn Finance's (YFI) DAI v1 vault got exploited. $2.8M drained. According the recent tweet from Yearn developer “the vault lost $11M. Deposits into strategies disabled for v1 DAI, TUSD, USDC, USDT vaults while we investigate”.