University of Michigan survey of consumers

Expected one-year ahead inflation rate as of

June 2022: 5.3%
Jan 2023: 4.0%

Expected five-year-ahead inflation rate as of

June 2022: 3.1%
Jan 2023: 3.0% http://sca.isr.umich.edu

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BTC $20.5k
ETH $1500
BNB $300

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$4,000,000,000 worth of long Nitcoin futures trading positions were bought within the last few hours!

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$82,000,000 worth of #bitcoin short trades just got liquidated - More short positions than any day since July of 2021.

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Do you feel:

👍 Bullish
👎 Bearish
😄 Don't jinx now!!

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CZ: Binance spend more than $10m per month on SMS alone. Security is not cheap.

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⚡ Artificial Intelligence Meets DeFi With Autofarm.

@Crypto_News | link

Bank of Thailand has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able to provide services by 2025.

https://cointelegraph.com/news/bank-of-thailand-to-allow-first-virtual-banks-by-2025

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Take a note: Scheduled unlocks in the next 24h. Trade safe!!

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Binance Will Support the Gifto (GTO) Token Swap to Gifto (GFT)
https://www.binance.com/en/support/announcement/2300adb470e54d4ba8db292e54e85a93

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Bill Gates would be worth $1 trillion if he still had his Microsoft shares.

Instead, he became friends with Warren Buffett and decided to diversify his portfolio.
.
.
.
.
He’s worth only $110 billion today.

Do you believe in diversification?

👍 Yes
👎 No

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Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange.

The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country.

Belize-based Exchange Risks Hefty Fine in Poland for Allegedly Deceiving Crypto Traders.

https://news.bitcoin.com/polands-consumer-protection-agency-opens-case-against-cryptocurrency-exchange

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Google Ads-delivered malware drains NFT influencer’s entire crypto wallet.

A sponsored advertising link on Google hid malware that siphoned thousands of dollars worth of crypto and NFTs from an influencer’s wallet.

https://cointelegraph.com/news/google-ads-delivered-malware-drains-nft-influencer-s-entire-crypto-wallet

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3AC founders to raise $25 million for a new crypto exchange, GTX.

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After what could be described as a tumultuous closing of 2022, crypto has been showing a strong performance in 2023.

Much of 2022 was on the downtrend for crypto, the total market cap started at $2.39T and then never reached that level again.

There were some small ups and downs earlier in the year, but the market cap managed to hold over $1.5 trillion until May when the fateful collapse of the Terra ecosystem caused prices to crash across the board.

The fallout and subsequent contagion spread pushed crypto’s valuation to sub 13 digit levels in June, and it continued to hover around the $1 trillion..

The FTX bankruptcy pushed the market cap down into the hundred billions, from November 9th until January 13th, the longest consecutive stretch of crypto’s market cap sitting below $1 trillion.

On January 14th, the market cap reached the trillions again as crypto assets began to recover from a brutal 2022 season and has held the trillion dollar mark since.

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The Merge might have already happened, but that doesn’t mean people aren’t still eager to stake their ETH.

Usually, a depositor into the ETH2 contract would need to deposit a multiple of 32 ETH, each batch corresponding to a validator they will then run to secure the Ethereum network with its new Proof-of-Stake consensus mechanism.

Liquid staking was a hot topic this past year and likely will continue to be. These protocols allow users to lock funds up in amounts less than the 32 ETH multiples required to deposit into the contract directly, receive a staking derivative token, so the funds don’t sit illiquid until withdrawal time, and remove the onus of running a validator.

These staking providers are also offering lucrative rewards. Lido is currently offering 5.1% APR on staked ether and it is the project with the highest TVL on Ethereum with over $7 billion in assets locked. Coinbase’s staking product also houses 8 figures.

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Binance has completed the 22nd quarterly BNB burn.

2.06m BNB has been burned.

https://twitter.com/binance/status/1615256698100518912

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A significant increase in ETH smart contracts in the last4 months

"This can be considered fundamental good news for Ethereum and the future of this blockchain."

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