Judge rules that Celsius users gave up legal rights to their BTC by using the platform and all the $4.2 billion of crypto deposits are now property of Celsius.
https://twitter.com/BitcoinMagazine/status/1610966401778421761
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https://twitter.com/BitcoinMagazine/status/1610966401778421761
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NFT volume on Ethereum saw an uptick in December 2022, owing primarily to increased activity on Blur, a new marketplace for NFT power users. In December, Blur reported total volume of $484M, nearly twice the $263M volume reported by OpenSea.
This follows Blur’s airdrop announcement, which rewards traders that place bids on the platform. This allows traders to earn points and potentially acquire a larger airdrop. The BLUR token is expected to launch by the end of January 2023.
NFT trader count on Ethereum also saw an uptick in December as the number of wallet addresses trading NFTs increased by 7.7% month-over-month from ~540K to ~582K.
One possible explanation could be that NFT traders are harvesting tax losses before the end of the year. Tax loss harvesting is the timely sale of assets (such as NFTs) at a loss to offset the amount of capital gains tax due on the profitable sale of other assets.
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This follows Blur’s airdrop announcement, which rewards traders that place bids on the platform. This allows traders to earn points and potentially acquire a larger airdrop. The BLUR token is expected to launch by the end of January 2023.
NFT trader count on Ethereum also saw an uptick in December as the number of wallet addresses trading NFTs increased by 7.7% month-over-month from ~540K to ~582K.
One possible explanation could be that NFT traders are harvesting tax losses before the end of the year. Tax loss harvesting is the timely sale of assets (such as NFTs) at a loss to offset the amount of capital gains tax due on the profitable sale of other assets.
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Upon closer inspection, we can see that the FTX collapse that occurred in early November has had a significant impact on token prices across the board.
ApeCoin and Axie Infinity’s SLP token were the least affected, but still saw their prices decrease by 34% and 37% respectively. ApeCoin managed somewhat of a comeback from late-November to early-December.
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ApeCoin and Axie Infinity’s SLP token were the least affected, but still saw their prices decrease by 34% and 37% respectively. ApeCoin managed somewhat of a comeback from late-November to early-December.
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According to Arcane Research, in 2022, Binance controlled 92% of the Bitcoin spot trading volume!
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The cryptocurrency exchange Gate started layoffs. The proportion is unknown. Employees said that it is rumored to be 40% to 50%, and the compensation is N+1. Some employees have already begun to withdraw their permissions. Gate responded as "normal optimization".
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MT GOX REGISTRATION DEADLINE PUSHED FROM JANUARY 10TH TO MARCH 10TH
DISTRIBUTION DEADLINE PUSHED BACK FROM JULY 31ST TO SEPTEMBER 30TH
https://www.mtgox.com/img/pdf/20230106_announcement_en.pdf
👍 Bullish
🔥 IDK/IDCare
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DISTRIBUTION DEADLINE PUSHED BACK FROM JULY 31ST TO SEPTEMBER 30TH
https://www.mtgox.com/img/pdf/20230106_announcement_en.pdf
👍 Bullish
🔥 IDK/IDCare
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If you're shocked stocks are pumping hard after the unemployment rate came in so hot today @ 3.5%, you shouldn't be if you've been paying attention.
Equities traders coming to their senses that the Fed is (SO FAR) engineering a soft landing..ie inflation down, no recession.
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Equities traders coming to their senses that the Fed is (SO FAR) engineering a soft landing..ie inflation down, no recession.
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NFT Marketplace SuperRare Cuts Staff by 30%.
CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months.
https://www.coindesk.com/web3/2023/01/07/nft-marketplace-superrare-cuts-staff-by-30/
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CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months.
https://www.coindesk.com/web3/2023/01/07/nft-marketplace-superrare-cuts-staff-by-30/
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Coindesk
NFT Marketplace SuperRare Cuts Staff by 30%
CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months.
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What is the most stable coin in the last 30 days?
👏 ofcourse Bitcoin
👍 Stable coins
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👏 ofcourse Bitcoin
👍 Stable coins
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43 out of 100 top global brands has already tippy toed into web3, in loyalty and NFTs.
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📍 Follow @Coins for the hottest news in crypto.
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339: Number of days the Bitcoin bear market has persisted: The second-longest on record.
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📍 Follow @Coins for the hottest news in crypto.
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With the arrival of Ethereum Shanghai upgrade, the prices of the 7 liquid staking derivative tokens have increased by an average of ~40.4% in the past 7 days.
https://coinmarketcap.com/view/liquid-staking-derivatives
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https://coinmarketcap.com/view/liquid-staking-derivatives
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CoinMarketCap
Top Liquid Staking Derivatives Tokens by Market Capitalization | CoinMarketCap
See today's latest prices of Liquid Staking Derivatives crypto tokens listed by market capitalization ✔️ 24h volume ✔️ 24h price change ✔️
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FTX spent $40 million on hotels, flights, and food in 2022, court filing reveals.
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📍 Follow @Coins for the hottest news in crypto.
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This week's highlight unlock
Over $160 Million unlocks !!
$BIT 1.9% [ $86.7M ]
$APE 0.7% [ $34.2M ]
$APT 0.5% [ $23M ]
$GLMR 4.6% [ $15.3M ]
$NYM 1.3% [ $2.3M ]
$SWEAT 0.6% [ $1.4M ]
$GAL 0.1% [ $0.2M ]
📍 Follow @Coins for the hottest news in crypto.
Over $160 Million unlocks !!
$BIT 1.9% [ $86.7M ]
$APE 0.7% [ $34.2M ]
$APT 0.5% [ $23M ]
$GLMR 4.6% [ $15.3M ]
$NYM 1.3% [ $2.3M ]
$SWEAT 0.6% [ $1.4M ]
$GAL 0.1% [ $0.2M ]
📍 Follow @Coins for the hottest news in crypto.
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Tron briefly overtakes BNB Chain TVL.
The total value locked in Tron and BNB Chain has been very similar since the summer of 2022, with both now hovering over $4 billion in locked assets across DeFi protocols.
The value locked on BNB Chain does grow significantly when you include double counting, which is when one protocol feeds into the TVL another. Yield and liquid staking protocols are two types of projects that often contribute to double counting. The third most dominant project in terms of TVL on BNB Chain is Alpaca Finance, a yield farming protocol.
Tron’s TVL is less impacted when you include double counting since most of its value locked comes from its native lending protocol JustLend, and it has only a fraction of the number of protocols BNB Chain does.
Excluding double counting, Tron actually took the lead over BNB Chain from July 9th to October 23rd after trailing behind for over a year.
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The total value locked in Tron and BNB Chain has been very similar since the summer of 2022, with both now hovering over $4 billion in locked assets across DeFi protocols.
The value locked on BNB Chain does grow significantly when you include double counting, which is when one protocol feeds into the TVL another. Yield and liquid staking protocols are two types of projects that often contribute to double counting. The third most dominant project in terms of TVL on BNB Chain is Alpaca Finance, a yield farming protocol.
Tron’s TVL is less impacted when you include double counting since most of its value locked comes from its native lending protocol JustLend, and it has only a fraction of the number of protocols BNB Chain does.
Excluding double counting, Tron actually took the lead over BNB Chain from July 9th to October 23rd after trailing behind for over a year.
📍 Follow @Coins for the hottest news in crypto.
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DAI supply reaches 5 billion.
The total DAI outstanding, or supply of DAI fell to 5 billion on January 6th, the lowest it has been since June 2021. The supply has recovered a bit since then to 5.07 billion, but it still remains relatively low.
DAI’s supply has been declining since early 2022, taking a steep hit in May in conjunction with the collapse of Terra’s algorithmic stablecoin UST.
To mint 1 UST you had to lock up $1 worth of Terra’s native token LUNA and then burning 1 UST would grant you $1 worth of LUNA in return. In theory, arbitrage opportunities that arise when 1 UST begins trading above or below $1 would keep the peg in place. However, as a mass exit from the “stablecoin” drove up the LUNA supply and lowered its price, the whole system fell apart.
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The total DAI outstanding, or supply of DAI fell to 5 billion on January 6th, the lowest it has been since June 2021. The supply has recovered a bit since then to 5.07 billion, but it still remains relatively low.
DAI’s supply has been declining since early 2022, taking a steep hit in May in conjunction with the collapse of Terra’s algorithmic stablecoin UST.
To mint 1 UST you had to lock up $1 worth of Terra’s native token LUNA and then burning 1 UST would grant you $1 worth of LUNA in return. In theory, arbitrage opportunities that arise when 1 UST begins trading above or below $1 would keep the peg in place. However, as a mass exit from the “stablecoin” drove up the LUNA supply and lowered its price, the whole system fell apart.
📍 Follow @Coins for the hottest news in crypto.
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Huobi's Korean arm is looking to sever ties with Huobi Global and run its own business.
The move follows a tumultuous time for Singapore-based exchange, where its corporate structure has been in flux.
https://www.news1.kr/articles/4919434
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The move follows a tumultuous time for Singapore-based exchange, where its corporate structure has been in flux.
https://www.news1.kr/articles/4919434
📍 Follow @Coins for the hottest news in crypto.
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[단독] 후오비코리아, 후오비 떼고 韓거래소 '마이웨이' 걷는다
사실 앞에 겸손한 민영 종합 뉴스통신사 뉴스1
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