Market
Crypto
CryptoSlate Daily wMarket Update: Dogecoin, Shiba Inu post gains amid flat top 10 performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Bankruptcy
FTX defends move to appoint law firm Sullivan & Cromwell as advisor
Separate filings from FTX CEO John Ray III and the official Committee of unsecured creditors supported the move to retain Sullivan & Cromwell.
Analysis
WBTC supply on Ethereum dropped 35% since LUNA collapse
WBTC's supply peaked at 285,000 in April 2022 when the flagship digital asset was trading at around $48,000.
Featured
SBF says latest revelation is “misleading” about FTX.US solvency
FTX management was making a "meaningless comparison" by not including the bank balances as part of the bankrupt's firm assets, said SBF.
Crypto
CryptoSlate Daily wMarket Update: Bitcoin breaks $21,000 in sustained bull market performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Exchanges
Binance burns $600M BNB in 22nd burn event
Binance reported that 2.05 million tokens were burnt through its auto-burn program — the Pioneer Burn Program accounting for 7,181 BNB.
Layer-2
Ethereum mainnet hits record-breaking 32B weekly gas expenditure
Ethereum L2 networks spent a record-breaking 32 billion gas to validate transactions and activate bridges between Jan. 9 and Jan. 15.
DeFi
Alameda liquidators lose $11.5M due to DeFi liquidations over 2 weeks
Over $4 million of losses were preventable if liquidators closed positions instead of pulling collateral, according to Arkham Intelligence.
Bankruptcy
FTT surges 48%; other bankrupt tokens also rise
Several analysts within the crypto community are perplexed by FTT's green run, with many wondering why top exchanges have not delisted the token.
Crypto
CryptoSlate Daily wMarket Update: Bitcoin briefly touches $21,000 in market wide weekend pump
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Hacks
Binance assists in recovering $3M from Harmony bridge hack
North Korea's Lazarus Group moved 41,000 Ethereum (roughly $64 million) from the Harmony Bridge hack over the weekend, according to ZachXBT.
Analysis
Ethereum turns deflationary amid weekend market rally
Ethereum (ETH) issuance turned deflationary over the weekend amid a market-wide rally that saw it trade near pre-FTX collapse levels.