Adoption
Legal
Former Coinbase manager’s brother jailed for insider trading
Nikhil Wahi pleaded guilty in September and got sentenced to 10 months in prison on Jan. 10.
Staking
Binance changed stakes to liquidate over $75M in SHIB
The exchange unstaked over $100 million worth of SHIB and re-staked $30 million worth of tokens.
Exchanges
Binance annual revenue grew 10x over the past 2 years, while OKX’s grew 4x
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Hacks
Cryptosphere lost 61% less to hacks in 2022 vs 2021
The total amount lost to hacks was $3.78 billion in 2022, as opposed to $9.795 billion in 2021.
Bankruptcy
U.S. Government seizes SBF’s Robinhood shares
FTX founder Sam Bankman-Fried's Robinhood shares equate to $455 million.
Mining
HIVE produced 213.8 BTC in December 2022
The company also installed 1,423 of its Bitcoin miners and generated an additional $3.15 million in revenue.
Crime
Chinese criminal steals $4.1M in crypto from victim’s car
The attacker used the investor's facial ID to unlock his wallet and transferred the funds to his own address.
Legal
Silbert’s DCG is being investigated by DOJ, SEC over internal transactions
Barry Silbert's crypto empire the Digital Currency Group said it has "always conducted its businesses lawfully."
Analysis
Stagnant BTC reached 15 million BTC, unmoved in 6 months
Recent data shows that around 250,000 Bitcoin have entered the old coins zone in the last 30 days, by becoming last active over 6 months ago.
Regulation
ECB calls for crypto regulation, expedited CBDCs deployment
ECB's Executive Board member Fabio Panetta wrote in the ECB blog emphasizing the need for crypto regulation and CBDCs.
Exchanges
Pionex removes Huobi’s market-making funds
The exchange pointed at the declining trading activity on Huobi as the reason for this decision.
Investments
Animoca Brands lowers Q1 fundraising target to $1B
The company previously intended to raise up to $2 billion during the first quarter for a web3 investment fund.