Shiba inu extended its recent gains into the weekend, rising to a four-month high. Shiba inu (SHIB) was one of the market’s biggest gainers for the second straight session, rising 13 percent on Saturday.

SHIB/USD rose to a high of $0.00001457 on Saturday, the highest since October 29. The market fluctuates greatly, please do a good job in risk control.

The Arbitrum ecological stablecoin project SperaxUSD released a report saying that an attacker increased the Token balance of his address to 9.7 billion without providing the corresponding collateral, and was able to liquidate about $300,000.

The Sperax team stated that it has identified the attacker’s account on CEX and is contacting the attacker to discuss a solution.

Currently all stablecoin USDs transactions and smart contracts have been suspended, and the vulnerability will be resolved by upgrading the smart contract next week. The liquidated amount will be recapitalized by the Sperax team prior to restarting the protocol.

According to encryption KOL @Cirrus disclosed on social media, Bored Ape Yacht Club has deleted all the high scores on the DooKey Dash leaderboard, because one of the top Dookeers Sewer Pass wallet holders was found to be cheating.

It is reported that the address of the wallet is “0x397733A537996281aACc73246D190b05753BF8fA”, and the pseudonym is “The_Real_E_M”. He has four of the top ten high scores, and his highest game score is 950687 points.

After the score was removed, pro Mongraal’s score of 928,522 returned to the top score for the DooKey Dash game.

Previously, Yuga Labs co-founder Greg Solano issued a reminder that cheating will be marked for review, and players’ scores may be reduced to zero after review.

Bitcoin’s 65th wallet address moved 13,369 BTC, or about $311 million, on Friday. Another Ethereum whale transferred 186,009 ETH, or about $309 million.

A few hours later, Whale Alert tracked another bitcoin whale transferring 5,278 BTC, worth about $123 million, from cryptocurrency exchange to an unknown wallet.

Mark Yusko, founder and CEO of Morgan Creek Capital Management, told Cointelegraph that the next cryptocurrency bull market will start earlier than most people think. The start of the second quarter is due to more dovish central bank policies and expectations for the Bitcoin halving.

Yusko said that although the Fed is unlikely to cut interest rates soon, the market tends to anticipate the Fed’s decision, which means that even a slowdown or pause in rate hikes will be interpreted as an upcoming turning signal, which will stimulate interest rates, including those of cryptocurrencies. All risk assets in the index triggered positive moves.

U.S. institutions may have been supporting Bitcoin’s rally in January, when the cryptocurrency rose more than 38%. The start of the year tends to be positive for token prices, crypto services provider Matrixport said in a Wednesday research note.

In five of the six years bitcoin has rallied in January, the cryptocurrency ended the year with a positive return. On average, the remainder of the year is up more than 245%, wrote research director Markus Thielen.

The report said Bitcoin had its only down year after a strong January in 2014, when the price had just reached the peak of the bull market. According to Matrixport, the driver of the 2023 bull run could be the expected March 2024 Bitcoin halving cycle, when the number of cryptocurrencies entering the system drops by 50% every 10 minutes.

As a result, the statistical probability that Bitcoin’s price could double between now and the end of the year is high, the report said. This means that bitcoin prices could reach $45,000 by Christmas, the report added.

NFT and gaming company Limit Break, backed by FTX in a funding round last year, shelled out $6.5 million for a 30-second ad that will air during this year’s Super Bowl.

According to reports, this is the first time an NFT developer has bought an ad during the Super Bowl, one of the most watched events on television, attracting an estimated 100 million viewers each year.

Limit Break will use the ad to promote free NFTs related to the web3 gaming ecosystem it has been developing, and the company says that Limit Break’s Super Bowl NFT minting campaign aims to bring new users into its “cryptocurrency community.”

Ray Dalio, founder of Bridgewater Fund, the world’s largest hedge fund company, said in an exclusive interview with CNBC that Bitcoin will not be an effective currency, nor will it be an effective store of wealth, let alone an effective medium of exchange. Crypto markets are too volatile and almost independent of any economic situation.

But for the world we live in, we all know that traditional currencies are in crisis. Additionally, Ray Dalio in this interview brings up an idea he thinks about the viability of cryptocurrencies, namely some kind of inflation-linked coin.

Ray Dalio said that everyone wants to maintain the purchasing power of their assets, if you create a coin that says this is the purchasing power that I know I can deposit and invest my money for a period of time, then I can Trade it anywhere, I think that would be a good coin, similar to an inflation indexed bond.

Andrew Glantz, Xclaim’s chief strategy officer, said three claims transactions have been confirmed following Genesis’ bankruptcy filing, with an average value of more than $1 million, between 25% and 35% of face value.

A $4 million claim was sold to Jefferies Leveraged Credit Products LLC, according to a filing Tuesday.

It is reported that Xclaim is a platform that focuses on providing trading encrypted claims. In previous news, on January 20, Genesis and its lending subsidiary filed for Chapter 11 bankruptcy.

According to the data analyzed by The Block, Bitcoin and Ethereum options and futures trading indicators generally rose in January. The open interest of Bitcoin options increased by 116.5%, and the open interest of Ethereum options increased by 71.7%.

Bitcoin options volume rose 107.8% in January to $16 billion. Ethereum options volume rose 54.5 percent to $8.5 billion in January.

In terms of bitcoin and ethereum futures, open interest in bitcoin futures rose 21.3%, while open interest in ethereum futures rose 15.9%.

In terms of futures trading volume, Bitcoin and Ethereum futures trading volume also rose, with Bitcoin futures trading volume increasing by 73% to $656 billion in January.