Arweave founder: January was an all time high in transaction count on Arweave!

Up 80% month-over-month, and 21.4% higher than the NFT bull market peak.

Are we really in a downtrend?

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BonqDAO protocol has suffered a $120M loss after oracle hack.

https://cointelegraph.com/news/bonqdao-protocol-suffers-120m-loss-after-oracle-hack

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Autofarm.network integrates AI and ML tech into #DeFi
https://t.co/jySE3Ap8Tt

@Crypto_News

Everlend Finance, a DeFi lending protocol on Solana, has announced it will shut down because liquidity no longer exists. Everlend codebase will be open-sourced. Solana's TVL currently only ranks twelfth.

Everlend tweeted: We are deeply saddened to announce that as of today our team has decided to close down http://everlend.finance and won’t continue its development

Announcement thread: https://twitter.com/EverlendFinance/status/1620787239520464897

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Leverage ratio has declined from open interest equal to 40% of spot exchange balances, to just 25% over the last 75-days.

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Amazon Jobs: Amazon Web Services (AWS) is looking for individuals in the Web3 Go-To-Market (GTM) team that is responsible for growing adoption of Web3 workloads on AWS. In this role, you will work directly with the most interesting and demanding developers, customers, and partners – leading startups and global enterprises - leaders in their respective fields - earning trust to understand customers’ requirements and use cases and turn them into reality. You will also demonstrate customer obsession, representing the voice of the customer as you work with product teams across AWS to evolve AWS services to optimize for Web3 workloads.

https://www.amazon.jobs/en/jobs/2320871/senior-gtm-specialist-web3

We are still early!!

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Kraken Shuts Abu Dhabi Office as Crypto Exchanges Keep Shrinking

Firm is winding down local currency support, laying off staff

Kraken’s MENA boss Benjamin Ampen will stay with company.

https://www.bloomberg.com/news/articles/2023-02-02/crypto-exchange-kraken-shuts-abu-dhabi-office-cuts-jobs

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Crypto exchange Bittrex lays off more than 80 employees.

“Unfortunately, due to market conditions, Bittrex was forced to lay off over 80 employees today, who reside in various locations across the country,”

https://www.geekwire.com/2023/crypto-exchange-bittrex-lays-off-more-than-80-employees/

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https://twitter.com/NWischoff/status/1621175180017156096

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VC monthly report: In January, 74 crypto VC investment projects were disclosed, a MOM increase of 48%; the total financing amount was $570 million, a MOM decrease of 13.7%, and a YOY decrease of 90.4%, reaching the lowest level in the past two years.

🔗 Telegram | Twitter

Binance Tells Indian Crypto Exchange WazirX to Withdraw Customer Assets Held in Its Wallets.

The solution ostensibly ends worries about what would happen to customer funds if Binance and WazirX end their collaboration.

https://www.coindesk.com/business/2023/02/03/binance-tells-indian-crypto-exchange-wazirx-to-withdraw-customer-assets-held-in-its-wallets/

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$24,45M $NEAR unlock is on the way! 9,860,000 $NEAR are getting unlocked on the 4th of Feb.

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Binance has invested in GOPAX, a leading South Korean cryptocurrency exchange licensed to provide fiat-to-crypto services to customers.

https://www.binance.com/en/blog/ecosystem/binance-invests-in-south-korean-cryptocurrency-exchange-gopax-through-its-industry-recovery-initiative-2331858048818231109

European Union regulators are drafting rules for smart contract oversight and, according to the latest draft obtained by Inbar, the prospective requirement appears to be less burdensome than before.

Here’s Inbar: “The draft shows that sellers or offers of smart contracts, for example, will no longer need to perform a conformity assessment and sign a mandatory declaration that they comply with EU requirements. Expectations for smart contracts to meet so-called harmonized standards, or technical compliance specifications, were also dropped.”

The EU plans to regulate smart contacts under its broader strategy on data markets.

Any approved legislation will likely have far-reaching effects on crypto and decentralized finance. Still, the EU isn’t shying away from its ambitions to regulate smart contracts in tandem with its broader oversight powers.

The process is a significant one as governments the world over grapple with how to regulate technologies that are, at least in spirit, designed to operate without central intermediaries.

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In the past 24h, Sandbox has started to be unlocked on a large scale. A total of 170m SAND has been transferred from the multi-signature address, of which 78m ($60M) was directly transferred to the Binance deposit address.

https://etherscan.io/token/0x3845badade8e6dff049820680d1f14bd3903a5d0?a=0x2f2456953a2cbc21fde058d33fb2ad8d59e72a35

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CZ: A friend told me what media is suppose to but NOT covering.

The biggest bank runs in crypto in Dec.

$~15 billion was withdrawn from #Binance    in a few days.

$~7 billion was cashed out at Paxos (BUSD issuer).

And no issues. 🤷‍♂️

(now all came back, plus some)

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FTX sends "confidential letters" to politicians demanding they return the millions of dollars SBF donated, by the end of the month.

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Visa is testing a settlement system for large USDC payments on Ethereum.

At StarkWare Sessions 2023, Visa’s Cuy Sheffield shared the company’s vision for digital assets.

https://cointelegraph.com/news/visa-s-crypto-strategy-targets-stablecoin-settlements

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Despite losing market share, Lido remains a top 7 application by 30D revenue, taking in $3.26m over the last 30 days ($39m annualized). Lido is the only application other than GMX in the top 7 names that has printed positive revenue trends across 7d, 30d, 90d, and 180d timeframes.

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