NFTs
Lending
Maple Finance records a loss of $7M at end of 2022
Maple Finance Q4 report shows it originated about $87 million across 23 new loans, which is down by 67% from its previous record of $262 million.
DAOs
ENS DAO considers proposal to auction 10,000 ETH for USDC
ENS DAO is considering a proposal to raise about $13 million from selling 10,000 ETH. The funds will be used to fund the DAO's operation over the next two years.
Hacks
Raydium exploiter moves $2.7M to Tornado Cash
Blockchain security firm Certik flagged that a wallet linked to the Raydium exploiter has moved about 1,774.5 ETH to Tornado Cash, according to a tweet on Jan. 19.
NFTs
Yuga Labs blacklists NFT marketplaces that do not support royalties
The Sewer Pass NFT contract blocks transactions from wallets linked to LookRare, SudoSwap, Blur, and NFTX.
Bear Market
Amber Group cuts Hong Kong workforce by 50%
Amber Group has delayed payment of bills to third-party vendors, while some are owed in arrears for up to six months.
Regulation
Thailand’s SEC mandates exchanges to establish digital wallet management system
Digital asset providers in Thailand are required to have contingency plans in case of events that compromise their digital wallets.
DEX
SushiSwap to launch DEX aggregator and decentralized incubator in Q1
Head Chef Jared Grey said that by properly executing its vision, SushiSwap intends to increase its market share by 10x in 2023.
Exchanges
3AC, CoinFLEX co-founders looking to raise $25M for new crypto exchange
Kyle Davis and Su Zhu will join CoinFLEX co-founders Mark Lamb and Sudhu Arumugam as the founding team of GTX.
Exchanges
South Korean exchange Korbit to monitor accounts of employees, family members
Korbit CEO Oh Se-Jin said the extensive monitoring is part of efforts to bring the exchange's internal control standards to the level of traditional finance.
Exchanges
Crypto.com to slash workforce by 20%
The effect of the recent FTX fallout and market contagions has forced Crypto.com to conduct its second round of layoffs.
Regulation
Hong Kong to only allow investing in highly liquid virtual assets
SFC Chair Julia Leung said the regulator intends to introduce rules to only allow investing in major virtual assets that are highly liquid.
Trading
Samsung Asset Management to list Bitcoin ETF on Hong Kong Stock Exchange
The Samsung Bitcoin Active ETF (under the ticker FA SAMSUNG BTC) will be open for trading on Jan. 13 via the Hong Kong Stock Exchange market.