Market
DeFi
Ondo Finance launches tokenized US Treasuries, bonds for stablecoin holders
Ondo Finance's three investment products offer returns between 4.62% and 8.02% annually.
Exchanges
Bitvavo rejects DCG’s 70% repayment proposal
Bitvavo has over $300 million (€280 million) locked with DCG. The exchange said it uses DCG's services to offer off-chain staking services to its own clients.
Investments
Group One purchases 13.5% of MicroStrategy’s share
The trading firm holds roughly 1.3 million shares of MicroStrategy.
Stablecoins
Research: USDC adoption on Ethereum grows post-FTX collapse; USDT remains flat
According to Glassnode's data, while USDT is the largest stablecoin by market cap, USDC has more transfer volume.
Bear Market
GBTC shares jump 12%, narrowing discount to 38%
Bitcoin Magazine CEO David Bailey has started a campaign labeled "redeem GBTC" to reduce GBTC's 2% management fee.
DeFi
Curve 3pool liquidity down 90% YOY to $600M
Curve's 3pool dashboard shows that USDT accounted for 32.6% of the reserve while USDC made up 35.37%, and DAI with 32.02%, as of press time.
Bankruptcy
Bankrupt miner Core Scientific Bitcoin production rose 5% in December
This increase was recorded despite powering down its data center operations on several occasions in November and December
DeFi
Cardano DeFi TVL jumps 20%, ADA token rallies
Cardano's DeFi TVL has risen by around 20% to $65.91 million, while ADA surged by over 15% to $0.32 as of press time.
DeFi
Liquid staking tokens surge 40% in seven days, Lido rises highest
A strong trading narrative is around liquid staking tokens because of the possibility of staked Ethereum unlock in March.
Bankruptcy
Voyager describes Alameda’s objection to its Binance deal as ‘hypocrisy’
Voyager pointed out the hypocrisy in the stand of regulators in Vermont, New York, Texas and Hawaii over the "unfair treatment" of residents in the state.
Mining
Bitcoin hash rate surges 17% to touch ATH before falling back
The uptick in BTC's hash rate is expected to lead to a 7% to 10% increase in mining difficulty.
Exchanges
Juno advises users to ‘self-custody’ or ‘sell’ their crypto assets
The crypto firm said it does not take personal custody of its users' assets but relies on a crypto partner which is currently facing "uncertainty."