Adoption
Investments
Over $76M invested in crypto funds in past 7 days
Around 90% of this inflow was directed towards Bitcoin-related investment products, which equates to over $69 million.
Tokenization
BitMEX CEO owns largest GMX holdings – over 200K tokens
Hayes's GMX holdings equate to over $13 million at the time of writing as his current profit is nears $8 million.
Research
Research: BTC price surge increases miner profitability, indicating market bottom
The Difficulty Regression Model and Miner Revenue vs. Yearly Average comparison metrics indicate a market bottom as the hash rate reaches ATH.
Regulation
Binance, Kazakhstan agree on ‘wait-and-see’ approach in regulating DeFi
The report suggests increasing collaboration between regulators, closing the knowledge gap, and creating a regulatory sandbox.
Stablecoins
Finnish fintech Membrance launches Euro-based payment network
Membrance Finance claims EUROe to be Europe's first "EU-regulated full-reserve stablecoin and payment network."
Mining
Marathon reports 45% increase in BTC production in January
The company currently holds 11,418 Bitcoin and said it would continue to sell some of its assets in the future to cover operational costs.
Research
Research: Asia, EU, US are bullish on Bitcoin, Ethereum
The regional price metrics for Bitcoin and Ethereum show that all three regions are bullish on both assets, while they favor Bitcoin more.
CBDCs
Indian retail giant to accept CBDC payments for goods
Reliance Retail inserted in-store support to its gourmet food chain Freshpik as a first step and will implement it in its other branches.
Metaverse
China’s Suzhou city sets goal to become metaverse hub by 2025
Suzhou is aiming to launch 30 use cases by 2025 — primarily focusing on healthcare, tourism, city administration and education.
Bear Market
Bittrex, Chainalysis lay off staff as BTC nears $24K
Layoffs continue in the crypto sphere despite increasing BTC prices as Bittrex and Chainalysis lays off 83 and 44 employees, respectively.
Technology
Damus social platform hits 45K members on first day
All new accounts are set to follow Damus'official page in the app, which reached over 45,000 followers on its first day.
Analysis
M31 Capital bullish on BTC price, adoption in 2023 predictions
The firm also expects crypto adoption to increase further and mentions chains and NFTs might go in a new direction in 2023.