Market
Exchanges
Huobi sees net outflows of over $60M in 24 hours
According to Nansen, the highest outflows were from stablecoins addresses (USDT and USDC) and Ethereum (ETH) wallets with high balances.
Crypto
CryptoSlate Daily wMarket Update: Solana re-enters top 10 despite slight market sell-off
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Legal
Sam Bankman-Fried wants to retain ownership of Robinhood shares worth $450M
SBF said he and Gary Wang originally owned the shares, adding that the shares are not owned by Alameda Research or any other entity implicated in the FTX bankruptcy.
Exchanges
Huobi confirms lay-offs amid rampant FUD over operational stability
In the last 24 hours, Huobi's trading volume and the value of its native token has crashed by 20% and 6%, respectively.
Trading
Fan tokens rise by 7% following UPbit listing
The exchange said the initial trading of the assets would be based on its users' deposits, and there could be "sudden price fluctuations due to excessive or insufficient liquidity."
Bear Market
Update: Genesis sacks 30% of workers, may file for Chapter 11 bankruptcy
On Jan. 4, Genesis CEO Derar Islim wrote that the firm was "reducing costs and driving efficiencies" in all of its businesses.
Crypto
CryptoSlate Daily wMarket Update: Top 10 assets see mixed performance in flat market
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
NFTs
Magic Eden to refund users who bought fake NFTs via its platform
The platform said the exploit affected only 4 NFT collections through which users bought 25 NFTs.
Bear Market
Genesis needs more time to sort ‘complex’ financial situation
Genesis CEO said the firm remains focused on its effort to solve its financial issues.
Hacks
GMX Whale address loses $3.4M in hack, GMX falls 3%
Following the incident, CryptoSlate data showed that GMX tanked by over 3% to $41.09.
Hacks
RTFKT COO loses NFTs worth $170K to phishing attack
RTFKT CTO suggested that his colleague might have provided confidential information to the hacker who posed as an Apple representative.
Crypto
CryptoSlate Daily wMarket Update: Solana continues green streak amid general market recovery
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.