Market
Legal
Gemini Earn users launch class arbitration against Genesis, DCG
The claimants allege that Genesis breached its agreement with Gemini Earn users and engaged in the unregistered sale of securities.
Research
Research: BTC and ETH bear market started in mid-2021, data suggests
Active addresses indicate that the bear market set in months before BTC and ETH prices attained all-time highs in November 2021.
DEX
SushiSwap CEO proposes new tokenomics to survive liquidity crunch
Under the new tokenomics model, SushiSwap will introduce token burn, time-lock tiers, and stop revenue sharing with non-liquidity providers.
Bear Market
Ex-Meta crypto head expects crypto winter to drag through 2024
David Marcus said that the indecision among regulators will continue in 2023 and clear crypto regulations will take a "couple of years."
Analysis
Research: Nearly $9B worth of ETH was burned in 1.4 years
Implementing token burn has caused Ethereum's average gas fees to fall from around 100-200 Gwei in early 2021 to 15-20 Gwei in December 2022.
Trading
Pi Network warns against Huobi’s unauthorized Pi token listing
The fake Pi token reached a trading volume of $46.8 million on Huobi, becoming the most traded token on the exchange over the past 24 hours.
Tokenization
SBF allegedly moves $684,000 into Seychelles exchange, RenBridge
Addresses linked to SBF's public wallet received hundreds of thousands of dollars worth of assets from Alameda Research on Dec. 28.
Analysis
How Solana is fixing outages, and the challenges it will tackle in 2023
In 2022, Solana worked on improving security, mobile compatibility, and performance. In 2023, it looks to enable concurrent block production.
Crime
US to investigate $372 million stolen in FTX exploit post bankruptcy
The DOJ is working with the Manhattan prosecution team handling the criminal case against SBF to investigate the missing funds.
Analysis
The bullish case for Bitcoin as 2022 comes to an end
Several Bitcoin metrics like the increase in supply held by long-term holders as well as self-custody points towards a bullish future.
Partnerships
Chess to make headway into Web 3.0 as FIDE partners with Avalanche
FIDE and Ava Labs will work on creating chess products on Avalanche, including a historical game explorer and on-chain player rating system.
Mining
BTC block time reaches yearly high as mining hash rate plunges amid arctic blast
Bitcoin mining mean hash rate dropped by over 45% between Dec. 24 and 25 as major miners curtailed or shut operations amid the winter storm.