Trading
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.
Mining
Bitcoin mining difficulty rose 10%, hits new ATH
Since the last difficulty adjustment on Jan. 3, BTC price surged 27% to trade above $21,000 for the first time since FTX collapsed.
Mining
BTC hashrate hits ATH second time in 7 days, difficulty expected to grow 9%
BTC hashrate spike 20% on Jan. 12 before retracing to 251.79 EH/s.
Technology
Polygon plans Jan. 17 hard fork to reduce gas fees
The hard fork will not affect how users interact with Polygon or its decentralized applications but node operators have to upgrade before the Jan. 17 upgrade.
Bankruptcy
Celsius Mining to sell 2687 BTC mining rigs for $1.34M
A Celsius creditor Víctor Ubierna de las Heras has objected to the sale and questioned whether it is in the best interest of the estate.
Regulation
US lawmaker Tom Emmer says SEC is ‘protecting’ no one
Gemini co-founder Tyler Winklevoss said he was disappointed with the SEC charges and their actions were "counterproductive."
Analysis
Nexo-linked addresses see outflows of nearly $9M amid rising FUD
Nexo's real-time attestation by Armanino showed that its customer's liabilities were $2.42 billion (133,263 Bitcoin) as of Jan. 12.
Staking
Staked Ethereum surpasses 16M, over 70% stakers at a loss
Staked ETH has risen 18% to over 16 million ETH but over 70% of stakers have made losses, according to Dune analytics.
Staking
Flare token dumps 10% after Ripple CTO advises to sell
Following David Schwartz tweet, the FLR token dumped by roughly 10% to $0.04367 as of press time.
Legal
Grayscale says recent events will not affect GBTC conversion case against SEC
Craig Salm said GBTC conversion to a spot BTC ETF will "effectively close the current discount to NAV and unlock over $4 billion of value."
Exchanges
Bitcoin worth $120M withdrawn from exchanges on Jan. 10
Roughly $50 million of the withdrawals came from Binance, while $30 million was pulled from Coinbase.
Bankruptcy
Four US lawmakers ask court to appoint independent examiner for FTX
The lawmakers argued that Sullivan & Cromwell previously advised FTX on various legal matters and is in no position to investigate the bankrupt firm.
