<ul><li>Top ApolloX Gainer: AUDIOUSDT (&#43;57.75%)</li><li>Top ApolloX Loser: LUNAUSDT (-5.12%)</li></ul><h3 id="token-quicksnap">Token QuickSnap</h3><p>Web3 music platform Audius saw its AUDIO token rise over 52% in the last 7 days <a href="https://www.banklesstimes.com/news/2023/01/24/audio-price-surged-but-history-points-to-an-audius-retreat/" rel="noopener noreferrer nofollow">after crypto exchange Coinbase listed the token</a>. Meanwhile, Terra’s token LUNA fell 7% in the last 7 days.</p><p>*Data cited from CoinMarketCap</p><h2 id="header-0">Market Analysis</h2><p>The world’s largest crypto by market capitalization was volatile this week, but generally held steady over $23k and closed the week higher than it opened. In the derivatives market, BTC open interest fell $371 million this week as compared to the previous week, though aggregated funding rates continue positive for the sixth consecutive week to indicate bullish sentiment. A total of $392 million short positions and $485 million long positions were liquidated, the majority of which happened during <a href="https://www.coindesk.com/markets/2023/01/26/first-mover-asia-bitcoin-tops-237k-in-wednesday-comeback/" rel="noopener noreferrer nofollow">Tuesday’s market pullback to $22.3k and Wednesday’s comeback past $23.7k</a>.</p><p>Source:</p><p><a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">CoinGlass</a>, <a href="https://cryptoquant.com/" rel="noopener noreferrer nofollow">CryptoQuant</a></p><h2 id="header-1">CryptoBytes</h2><h3 id="investment-talk-policy">Investment Talk &amp; Policy</h3><ul><li>The U.S. Justice Department announced that the FBI had infiltrated the activities of the Hive ransomware group, blocking over $130M in crypto ransomware. (<a href="https://decrypt.co/120105/doj-fbi-hive-network-ransomware-infiltration" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>South Korea plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities. (<a href="https://cointelegraph.com/news/south-korea-to-deploy-cryptocurrency-tracking-system-in-2023" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>The White House has urged the U.S. Congress to step up on efforts to regulate the crypto market and “expand regulators’ powers to prevent misuses of customers’ assets … and to mitigate conflicts of interest.” (<a href="https://www.coindesk.com/policy/2023/01/27/white-house-calls-on-congress-to-step-up-its-efforts-on-crypto-regulation/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Sam Bankman-Fried’s legal team is seeking to remove a bail condition that prevented him from accessing FTX funds. (<a href="https://cointelegraph.com/news/sam-bankman-fried-seeks-to-access-ftx-funds" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="projects">Projects</h3><ul><li>North Korean exploiters behind the Harmony bridge attack in June 2022 moved 17,278 Ether to six different crypto exchanges. According to Twitter sleuth ZachXBT, the exchanges were notified and part of the stolen assets were frozen. (<a href="https://cointelegraph.com/news/north-korean-hackers-launder-27m-eth-from-harmony-bridge-attack" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>A $10M pay and bonus package for crypto lender BlockFi employees was approved by New Jersey bankruptcy court Judge Michael Kaplan. This deal applies to around 130 staff who will mostly get a bonus worth 42.5% of salary. (<a href="https://www.coindesk.com/policy/2023/01/27/blockfis-10m-staff-bonus-package-approved-by-new-jersey-judge/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Developers behind Mango Markets say they will push forward with a relaunch of the project even as the U.S. SEC alleges the project’s native token, MNGO, is a security. (<a href="https://www.coindesk.com/business/2023/01/26/mango-markets-to-resume-crypto-trading-sec-be-damned/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Aave protocol has eliminated its bad debt of 2.7M CRV tokens from a botched November trade by Mango Markets exploiter Avi Eisenberg. This comes after Aave’s community approved the purchase of the outstanding CRV tokens via ParaSwap in a governance vote. (<a href="https://www.coindesk.com/markets/2023/01/26/defi-protocol-aave-clears-bad-crv-token-debt-from-exploit-attempt/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="digital-assets-web3">Digital Assets &amp; Web3</h3><ul><li>Amazon is planning a new gaming initiative using NFTs that could be launched in the spring, Blockworks reported. One example could involve a push to get Amazon customers to play crypto games and claim free NFTs. (<a href="https://www.theblock.co/post/206000/amazon-planning-new-nft-initiative-blockworks" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Popular NFT collection Azuki had its Twitter account compromised on Friday. Over $750k worth of USDC, 11 NFTs, and over 3.9 ETH were stolen through malicious links feigning as a “land mint”. (<a href="https://decrypt.co/120144/azuki-twitter-account-hacked" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Bored Ape Yacht Club recording artist’s NFT collection Shilly sold out on OpenSea in minutes on Friday morning, leaving many fans empty-handed and angry. (<a href="https://www.coindesk.com/web3/2023/01/27/bored-ape-rappers-nft-mint-sells-out-so-fast-many-fans-left-mad-empty-handed/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h2 id="header-2">What’s New at ApolloX</h2><ul><li><strong>ApolloX Community AMA </strong>- Join ApolloX’s first ever Telegram Community AMA with CaptainX on Jan. 30 to learn more about ALP and Lite Mode! (<a href="https://twitter.com/ApolloX_Finance/status/1616346277272498176?cxt&#61;HHwWgMDRrYOYte4sAAAA" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>New DEX Engine Partnership</strong> - ApolloX is pleased to announce the latest partnership for the DEX Engine with Swapsicle DEX! (<a href="https://apollox.link/new-partner-27-jan" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h2 id="header-3">Trading &amp; Competitions</h2><ul><li><strong>ALP Whitelist Benefit</strong> - Buy and hold at least 100 USDT worth of ALP for a minimum of 15 days to earn up to 1,000 APX! Ends Feb. 28. (<a href="https://twitter.com/ApolloX_Finance/status/1619228912583692288" rel="noopener noreferrer nofollow">Buy now</a>)</li><li><strong>Helio &amp; ApolloX Campaign</strong> - ApolloX is proud to partner with Helio for the Lunar New Year Campaign. Win up to 9,000 HAY by completing simple tasks on Galxe! (<a href="https://twitter.com/ApolloX_Finance/status/1616971968687005696?cxt&#61;HHwWgIDT1Yfc0fAsAAAA" rel="noopener noreferrer nofollow">Join now</a>)</li><li><strong>Mint $88 ALP, Win $88 APX</strong> - Mint and hold at least $88 ALP for 8 days to win $88 APX! (<a href="https://twitter.com/ApolloX_Finance/status/1615650208125272066" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>ALP-PERP Zero-Fee Trading Campaign</strong> - ApolloX has implemented zero-fee trading for ALP-PERP contracts on Lite Mode! Ends Feb. 3. (<a href="https://twitter.com/ApolloX_Finance/status/1615982522180984832?cxt&#61;HHwWgICz3djij-0sAAAA" rel="noopener noreferrer nofollow">Trade now</a>)</li><li><strong>CMC 100K Followers Giveaway</strong> - Join ApolloX’s first ever giveaway on CMC Community to win APX! (<a href="https://coinmarketcap.com/community/post/322687411" rel="noopener noreferrer nofollow">Join now</a>)</li></ul><p>Risk Reminder: Crypto trading carries a risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of any financial product.</p><p>The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/marketanalysisappdl" rel="noopener noreferrer nofollow">here</a>.</p><p>Stay up to date with ApolloX!</p><p><a href="https://t.me/apollox_finance" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_Finance" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXfinance" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_finance/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://coinmarketcap.com/community/" rel="noopener noreferrer nofollow">CMC Community</a></p>

Weekly Report (23-29 Jan 2023): BTC open interest falls $371M though funding rates remain positive

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