Adoption
Culture
BNB Chain announces its first Asia-based hackathon
The BNB hackathon event will take place in South Korea, between Dec. 17 and 19.
Investments
Amber Group reportedly looking to downsize despite raising $300M
Amber group is allegedly looking to lay off 400 people and cancel performance-based bonuses.
Stablecoins
Stablecoins worth $4B exited exchanges in last 7 days
The current stablecoin volume sitting on exchanges is around $38 billion.
Analysis
Ethereum addresses with over 32 ETH hit ATH while participation rate drops
Participation rate is at its lowest since the Merge, while the number of active validators has hit a new ATH.
Analysis
Active ETH addresses reach all-time high of 1.4M
Stablecoin and ERC20 transactions have also recorded significant spikes as ETH addresses hit ATH
Legal
Craig Wright vs Hodlonaut trial could go to second round
An appeal hearing in the UK might bring a new trial outside of the Norwegian jurisdiction
Adoption
15% of US citizens made crypto transactions as of mid-2022
Men, Asians and higher-income youth have the highest crypto adoption.
Analysis
BTC on exchanges falls to new lows since 2018
Currently, less than 12% of all Bitcoin supply is held on exchanges while Binance and Coinbase account for 5.5%.
Analysis
Binance offloaded $140M in Bitcoin in the last 24 hours
The exchange also lost $32 million in Ethereum, $200 million in Binance USD and Tether, and $300 million in USD Coin.
Regulation
FTX fallout motivates Hong Kong watchdog to draft new rules
Hong Kong will also launch a public consultation to monitor the situation in crypto.
Crime
Do Kwon reportedly located in Serbia
Korean Ministry of Justice is asking Serbia to issue an arrest warrant for Terraform Labs founder Do Kwon.
Wallets
ETH wallets of all sizes increased in number during November
Addresses with 1-10, 10-100, 100-1,000 and over 10,000 ETH have all recorded impressive growth rates.