Stablecoins
Politics
Every third member of the US Congress received money from FTX
Sam Bankman-Fried and other executives at FTX donated cash to 196 members of the new U.S. Congress.
Exchanges
Coinbase to halt operation in Japan
The exchange said leaving Japan is part of its restructuring process that will help it weather the bear market.
Bear Market
Coinbase lays off 950 employees
Coinbase's CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase's shares were up almost 3% premarket after the announcement.
Exchanges
Binance sees $12B withdrawn in 60 days
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
Bankruptcy
Sources claim FTX investigation could exhaust the SDNY court
Prosecutors involved with the FTX investigation have reportedly told lawyers that the case is so sprawling it could exhaust the resources of the U.S. District Court for the Southern District of New York.
Research
Bitcoin’s annualized 3-month futures basis show a calm before the storm
Bitcoin's annualized 3-month futures basis just came out of deep backwardation. Every time this happened in the past, a price rally occurred within months.
Research
Research: Implied volatility shows only sideways movements for Bitcoin
Bitcoin's implied volatility currently stands at a two-year low and shows that the derivatives market sees no major price movements in the near future.
Research
Research: Bitcoin UTXOs grow despite bear market
The growing number of Bitcoin UTXOs indicates a healthy network usage that defies the ongoing bear market.
Technology
Ethereum Name Service saw 2.2M ENS names registered in 2022
The popular Ethereum domain name service celebrated its most successful year so far, noting that 80% of all ENS names in existence were registered in 2022.
Mining
The centralization of Bitcoin: Behind the two mining pools controlling 51% of the global hash rate
Only two pools were responsible for mining more than half of Bitcoin's blocks in the second half of December. We looked at Foundry and Antpool to see what's behind the mining behemoths and is Bitcoin really as centralized as it looks.
DEX
Uniswap V3 was the most used Ethereum contract in 2022
The latest iteration of the popular DEX was the largest gaz guzzler on Ethereum, using up over 2.8 million gas in 2022.
Adoption
MicroStrategy just bought another 2,500 BTC
Michael Saylor's latest acquisition brings MicroStrategy's total holdings to 132,500 BTC.