0xScope Newsletter #34: Web3 AI Industry Map
Also: The fallout from Bitcoin's major bull run to $63K, a signal trading tutorial using Scopechat AI, a new Smart Money report, our probe on BitForex, and more.
Research
The 0xScope Crypto + AI Industry Map
Crypto + AI is growing rapidly. Let's look into the current landscape:
💼 138 companies tracked, 💰 $1.24B+ raised from VCs, 📈 $18.44B market cap
🔍 Scopechat: 138 AI tokens, $17.86B market cap
Read our new report for more insights, including case studies on how the 0xScope Web3 AI Data Layer, featuring a complete set of Web3 data standards and a trained Web3-centric large language model (LLM), can accelerate the progress of crypto + AI. Let’s work together; email us at community@0xscope.com.
Scoped on Scopescan: US moves BTC as it rallies to $63K
The US government recently transferred a total of 15,085 $BTC ($930M) to 2 new addresses. Here are other major whale moves this past week, as detected by the Scopescan team:
A fresh whale address received 23,359 $ETH ($75.9M) from Binance and deposited them into Staked.
An Amber Group-related address withdrew 13.8K $ETH ($44.9M) from Binance
A whale named “ABCD” on Debank had deposited 5,300 $ETH ($16M) to
Renzo Protocol
Don’t miss out on the latest whale movements. Sign up for Scopescan here.
Signal Trading with AI
Don't know what to trade today? Land your next big crypto win with valuable trading strategies like Signal Trading. Learn more about this strategy and how to leverage Scopechat’s AI in this blog.
Meme coins remain top profit sources despite BTC's rise to $63K
Meme coins remain Smart Money's top profit sources despite Bitcoin's recent rally to $63K. Leading the charge for Smart Money is $PEPE with $4.7M in total profits after 1.5x price upswing. Read this article for more information.
Hack or Exit Scam: What Happened at BitForex
About $56.5M went out of BitForex days ago. The exchange then stopped processing withdrawals and its website is offline. What happened? Check our findings here.
On-chain Data
Huobi jumps 36.59% in big week for exchange asset gains
This past week, several major crypto exchanges saw double-digit asset gains, led by Huobi’s rise from $2.46B to $3.88B, allowing it to surpass Deribit in the asset rankings. Other big winners this week include Crypto.com (+16.40%) and Deribit (+14.55%). Also, Binance’s 11.16% growth meant the inflow of $12.93B to the exchange.
Token cliff unlocks for DYDX, SUI soon
In the upcoming week, the biggest token unlocking is for $115M worth of $DYDX tokens on March 1, followed by $58M worth of $SUI tokens on March 3.
If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.
Company Announcements
See you at ETHDenver
The 0xScope team is attending ETHDenver. We're excited to connect with AI startups building on Web3! Let’s meet there from February 26 to March 3. For more info, DM on X, Discord, and Telegram.
Subscribe to Scopechat Pro
Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!
Subscribe to Scopechat Pro today! Pay using your credit card or your Scopepoints.
Be the next 0xScope Ambassador!
0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.
Quick Bites
Bitcoin breaches $60K for the first time in over 2 years - LINK
Spot Bitcoin ETF volumes shatter record with massive $7.7B traded - LINK
Morgan Stanley evaluating spot Bitcoin ETFs for its giant brokerage platform - LINK
Crypto brokerage FalconX bets risk-hungry millennials will unlock $41bn in Asian family wealth - LINK
Circle’s USDC mounts $27B comeback as analysts expect ‘resurgence’ to last - LINK