<ul><li>Top ApolloX Gainer: MASKUSDT (+44.85%)</li><li>Top ApolloX Loser: APTUSDT (-15.84%)</li></ul><h3 id="token-quicksnap">Token QuickSnap</h3><p>Mask Network’s MASK token is up 43% in the last 7 days, seemingly influenced by news that Twitter’s <a href="https://decrypt.co/120224/dogecoin-fans-still-hopeful-after-elon-musks-twitter-payments-update" rel="noopener noreferrer nofollow">payments product could support crypto</a> in the future. Meanwhile, L1 blockchain Aptos’s APT token is down 16% in the last 7 days even after posted gains on Thursday following a stock market rally driven in part by the U.S. Federal Reserve’s modest interest rate hike, suggesting that the token retraced its steps.</p><p><em>*Data cited from CoinMarketCap</em></p><h2 id="header-0">Market Analysis</h2><p>Bitcoin (BTC) spent most of the week in negative territory aside from Wednesday’s rally to close to $24.2k following a <a href="https://www.coindesk.com/markets/2023/02/03/crypto-markets-analysis-bitcoin-ether-continue-surge-into-february-but-jobs-data-raises-questions/" rel="noopener noreferrer nofollow">moderate interest rate hike from the U.S. Federal Reserve</a>. While it had <a href="https://www.coindesk.com/markets/2023/01/30/bitcoin-suffers-largest-daily-plunge-since-november-to-sink-below-226k-as-fed-meeting-looms/" rel="noopener noreferrer nofollow">sunk below $22.6k at one point</a> on Monday before the Fed meeting, it ultimately closed the week above $23k. In the derivatives market, BTC open interest increased around $369 million this week as compared to the previous week while funding rates continued positive. A total of close to $247 million short positions and over $396 million long positions were liquidated this week, with $143 million longs liquidated on Jan. 30 alone.</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>FTX's new management is seeking to recover political donations made by Sam Bankman-Fried and other FTX executives by the end of the month. (<a href="https://cointelegraph.com/news/ftx-seeks-to-claw-back-political-donations-by-the-end-of-february/amp" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Emergent Fidelity Technologies, which was co-founded by FTX founder Sam Bankman-Fried and former executive Gary Wang and held 56 million shares of Robinhood stock, has filed for Chapter 11 bankruptcy protection. (<a href="https://www.coindesk.com/business/2023/02/03/sam-bankman-frieds-emergent-fidelity-technologies-files-for-bankruptcy/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>A seven-member committee to represent unsecured creditors has been established in the U.S. bankruptcy case of Genesis Global. The committee will serve as a voice for creditors in court. (<a href="https://www.theblock.co/post/208651/seven-member-committee-to-represent-creditors-formed-in-genesis-globals-bankruptcy-case" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>The U.S. CFTC is “working towards another strong year of precedent-setting cases,” in relation to crypto enforcement actions, according to Chairman Rostin Behnam. (<a href="https://www.coindesk.com/policy/2023/02/03/us-cftc-chief-promises-more-precedent-setting-crypto-enforcement-cases/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="projects">Projects</h3><ul><li>Blockchain scaling solution StarkWare announced plans to open source its core cryptographic software tool, Starknet Prover. (<a href="https://www.coindesk.com/business/2023/02/05/starkware-to-open-source-its-ethereum-scaling-solution/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Protocol Labs, the company behind decentralized file storage network Filecoin, is laying off 21% of its staff. (<a href="https://www.coindesk.com/business/2023/02/03/filecoin-parent-company-protocol-labs-cuts-21-of-staff/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>According to a report by Messari, BNB Chain is aiming to be competitive in 2023 by focusing on growth strategies and new tech developments including scaling solutions and boosting throughput, along with implementing Ethereum Virtual Machine execution. (<a href="https://www.theblock.co/post/208772/bnb-chain-looking-to-grow-remain-competitive-in-2023-messari" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="digital-assets-web3">Digital Assets &amp; Web3</h3><ul><li>Web3 community NounsDAO will create a comic book series with book publisher Titan Comics and NFT community ComicsDAO for its Nouns NFT collection. (<a href="https://www.coindesk.com/web3/2023/02/03/web3-community-nounsdao-is-creating-an-nft-comic-book-series/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Venture capital firm a16z has voted against a final proposal to deploy Uniswap v3 on the BNB Chain using the Wormhole bridge, expressing its intention to vote for rival bridge LayerZero. (<a href="https://cointelegraph.com/news/a16z-votes-against-proposal-to-deploy-uniswap-v3-on-bnb-chain/amp" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Benjamin Bathgate, partner at Canadian-based law firm McMillan LLP, says the lawsuit against Mango Markets exploiter Avraham Eisenberg could impact DAOs to implement legal structures for the purpose of making legal settlements. (<a href="https://www.coindesk.com/policy/2023/02/03/legal-expert-says-says-mango-markets-exploit-case-is-wake-up-call-for-daos/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h2 id="header-2">What’s New at ApolloX</h2><ul><li><strong>New Contracts on Lite Mode</strong> - ApolloX Lite Mode has added APTBUSD, SOLBUSD, DOGEBUSD, MATICBUSD and AVAXBUSD Perpetual Contracts with up to 20X leverage. (Trade now)</li><li><strong>ApolloX Community AMA Recap</strong>- Missed ApolloX’s first ever Telegram Community AMA with CaptainX on Jan. 30? Read the recap here! (<a href="https://apollox.link/30Jan-AMArecap" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>ALP Staking Update </strong>- We hit $3 million in ALP's total amount staked as of Jan. 30! (<a href="https://twitter.com/ApolloX_Finance/status/1619976209814765568" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>Updates to Perpetual Contracts</strong> - ApolloX has adjusted the margin tiers of multiple perpetual futures contracts. (<a href="https://apollox.zendesk.com/hc/en-us/sections/4404263721113-Latest-News" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>ApolloX &amp; BNB Chain AMA</strong> - Catch ApolloX on BNB Chain’s Weekly Digest AMA to learn more about the new ALP and on-chain derivatives trading! (<a href="https://twitter.com/BNBCHAIN/status/1621327617407459328" rel="noopener noreferrer nofollow">Join here</a>)</li></ul><h2 id="header-3">Trading &amp; Competitions</h2><ul><li><strong>ALP Content Competition </strong>- To celebrate the launch of ApolloX ALP and Lite Mode, ApolloX is hosting a content competition with a total of $3,000 APX in prizes! Qualifying creators get a sure-win prize from the pool! (<a href="https://forms.gle/14hQzRxGpUDw4vz36" rel="noopener noreferrer nofollow">Join now</a>)</li><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>ALP-PERP Zero-Fee Trading Campaign</strong> - ApolloX has implemented zero-fee trading for ALP-PERP contracts on Lite Mode! Ends Feb. 10. (<a href="https://apollox.link/ALP-LNY-Campaign" rel="noopener noreferrer nofollow">Trade 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://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/" rel="noopener noreferrer nofollow">CMC Community</a></p>

Weekly Report (30 Jan-5 Feb 2023): BTC closes week above $23k, Open interest increased $369M

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