Market
Bear Market
Argo shares soar following $65M sale of mining facility to Galaxy digital
The Helios facility sales' proceeds and part of the loan would be used to repay all of its indebtedness, including that owed to crypto lender NYDIG.
Mining
Bitcoin hash rate falls 13% in one day, mining difficulty estimated to drop 10%
Bitcoin's hash rate fell 13% on Dec. 27 to 202.17 EH/s but has since recovered to 234 EH/s.
Analysis
Bitcoin shrimps have accumulated 60K BTC in the last 30 days
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
Bear Market
Midas reveals $60M deficit, announces closure of operations
Midas will rebalance its users' accounts by deducting 55% from it and their rewards earned. The move would allow users to withdraw 45% of their assets.
Exchanges
Kraken to shutter operations in Japan by end of January 2023
Kraken said affected users should withdraw their funds before Jan. 31, 2023, and added that deposits will be suspended by Jan. 9, 2023.
DeFi
Ethereum L2 language Cairo’s TVL surpasses Solana’s Rust
Ethereum-related languages dominate the top three largest smart contract languages by TVL.
Stablecoins
Japan to lift ban on foreign-issued stablecoins in 2023
Remittances through these stablecoins are limited to 1 million yen ($7500) per transaction.
Crime
BIT Mining subsidiary loses $3M to cyberattack
BIT Mining wrote that $700,000 of the stolen funds belonged to BTC.com's clients while the remaining $2.3 million belonged to the company.
Hacks
Hackers steal $8M from BitKeep users by spoofing wallet app
Peckshield said the stolen assets included BNB, USDT, ETH and DAI.
Research
Research: What does retail investors aggressive Bitcoin purchase mean for the market?
Several analysts have opined that Bitcoin whales aggressive selling is bearish for the asset.
Analysis
Is Coinbase stock undervalued? Analysts divided
Bitwise Invest Chief investment officer Matt Hougan thinks Coinbase stock is undervalued despite losing significant value in 2022.
Regulation
General counsel Berkovitz who ‘wined & dined’ SBF to leave SEC in Jan
Berkovitz previously criticized decentralized finance (DeFi) in one of his speeches as a CFTC commissioner.