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JUST IN: FTX has recovered over $5B in cash and liquid crypto.(4) and China counts CBDC in monetary base supply for first time (2)
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Guess what day it is? HUMPDAY! Slow news day but here is the most covered news so far:
- Binance.US cleared to buy Crypto lender Voyager Out of Bankruptcy.(4)
- Binance pushes back against report stablecoin isn’t fully backed.(3)
- Terraform Labs fraud class-action lawsuit dismissed, Do Kwon still on the lam.(3)
- Ripple touts Crypto utility as major driver for 2023.(2)
- Argo Blockchain mines 25% less Bitcoin due to winter storm at Helios; margins widen.(2)
Let's see what shakes out as the top 3, keep checking back throughout the day because I update this blog all day long.
Real Crypto adoption needs real Crypto infrastructure. Five UK associations form Crypto alliance to steer digital asset regulation. Hong Kong to propose approved set of Crypto tokens for retail trading.(2) Most banks’ Crypto efforts undeterred despite choppy waters. Crypto is the ‘Wild West,’ Gensler tells US Army.(3) Galaxy Digital CEO Mike Novogratz says “outlook for Crypto is not horrible, but It’s not great.” In addition, Novogratz believe It'll be OK saying DCG crisis likely won’t ‘include a lot of selling.’(2) Meanwhile, DCG’s Barry Silbert is dodging the hard questions and Bitvavo rejects DCG's partial loan repayment offer. Proposed bill in Argentina encourages citizens to reveal crypto holdings.
Bitcoin spot volume slightly up after rally, but still very below H2 2022 levels. Bitcoin price taps $17.5K as traders in ‘disbelief’ doubt crypto rally. Bitcoin CME futures draw premium for the first time since FTX's collapse.(2) Frankfurt houses the largest city-wide network for Bitcoin nodes. Will Bitcoin ($BTC), Ethereum ($ETH) or $XRP Price Blow up First? Bitcoin gained 300% in year before last halving — Is 2023 different? 14 years ago today: To whom Satoshi sent the 1st Bitcoin transaction? Hal Finney. El Salvador one step closer to bitcoin bonds after law passage.(3) Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022.
A key change in Ethereum options pricing hints that ETH price could rise beyond $1,350. Ethereum price can rebound to ATH and Ethereum upgrade could make it harder to lose all your Crypto. ConsenSys launches private beta testnet for zkEVM scaling technology. $BNB flips $USDC, Cardano flips Dogecoin with Crypto relief rally. Dozens of new Cardano Whales emerge as $ADA bounces big in less than two weeks. Machine learning algorithm sets MATIC price for January 31, 2023: $0.8876. Solana price rally risks exhaustion after SOL's 120% pump in two weeks.
Binance annual revenue grew tenfold in the last two years, but not without challenges. Whales moving stablecoins to exchanges. XRP and Cardano (ADA) Products Launched by Binance. Binance CEO outlines ambitions to grow headcount by up to 30% in 2023.(3) Binance wins seventh approval in Europe, registers with Swedish regulator.(3) Coinbase to close majority of Japan operations following global layoffs. Coinbase rally may be a selling opportunity, says Bank of America. Coinbase could be one of Crypto’s long-term survivors: Oppenheimer. Multi-party computation could offer increased protection for crypto wallets.
Fox Business host Charles Gasparino expects that if the SEC manages to beat Ripple's defendants' team in court, this will likely have very negative consequences for the whole crypto space, not only Ripple Labs and XRP.(2) SEC hits back at Ripple over sealing final judgment documents. BlockFi creditors battle to keep their details secret. CFTC charges, Avraham Eisenberg, the man behind $100,000,000 attack on Solana-Based trading platform Mango Markets with market manipulation.
FTX creditor names can remain sealed for now, judge rules.(3) FTX creditor claims going for 13 cents on the dollar on bankruptcy marketplace Xclaim. Letter from US Senators 'inappropriate,' won’t sway me, FTX bankruptcy Judge John Dorsey says.(2) 3AC's Kyle Davies claims creditors 'frustrated' with bankruptcy process.(3) Former FTX Executive Nishad Singh and housemate of Sam Bankman-Fried cutting immunity deal with Feds. Miami-Dade gains right to remove FTX name from Heat arena.(3) Gemini Earn users lose savings in ‘White Collar Robbery.’
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations.
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