Zhu Su, co-founder of Three Arrows Capital, said: “DCG and FTX conspired to attack LUNA and stETH, and made a lot of money in the process. Last summer, DCG suffered huge losses due to the bankruptcy of Three Arrows Capital, and Babel Finance and other participants The same goes for GBTC’s company. They could have soberly chosen to restructure at the time, and instead they plugged the hole with a ‘left handed right handed’ callable promissory note. It’s like a kid losing poker and saying ‘my dad will pay you, Let me keep playing’, but ‘Daddy’ is himself.”

Zhu Su added: “DCG, like FTX, has been misleading customers for the past few months and also used various methods to attack Three Arrows Capital. No one asked how Genesis filled the hole. And it has been taking more deposits during this time And hope the market price goes up. DCG is now worthless and involved in criminal fraud, and most people in the industry know that DCG founder Barry and SBF were close from the beginning (SBF was on the board of Genesis and gave him the first FTT-backed loans).

Creditors of Genesis, which will push it into bankruptcy in the next few days and take over the remaining DCG assets, may demand that Barry pay off his cash in an easy way, rather than waiting for a criminal case and restitution penalty from the US Department of Justice. “

Data analysis by blockchain analysis company Glassnode shows that the group of Bitcoin holders who have held for 6 months or less currently owns about 3 million BTC, equivalent to 15% of the total circulating supply, the lowest percentage ever .

It is reported that the last time the indicator hit a low point occurred in the 2015 bear market, when the figure was about 17%, but in the more than two years since then, the price of Bitcoin has risen from $200 to $20,000.

Analysis shows that the group of Bitcoin holders who have held for 6 months or less typically proliferates during two key events, a bull market when long-term investors invest and withdraw during market strength, and capitulation and selling During this period, widespread market panic will cause users who have held coins for a short period of time to re-enter the circulation.

The BitVol (Bitcoin Volatility) Index launched by the financial index company T3 Index and the Bitcoin options trading platform LedgerX fell to 49.67 on January 1, 2023, a new low since April 2019. On January 2, the BitVol (Bitcoin Volatility) index rose slightly to 50.14.

The BitVol Index measures the expected 30-day implied volatility derived from the price of tradable bitcoin options. Implied volatility is the volatility implied by the actual option price. It is the volatility derived by using the B-S option pricing formula, substituting the actual price of the option and other parameters except the volatility σ into the formula.

The actual price of options is formed by the competition of many option traders. Therefore, the implied volatility represents the market participants’ views and expectations on the future of the market, and is therefore considered to be the closest to the real volatility at that time.

Encryption researcher Data_Always published an article stating that in 2022, Ethereum will account for 80% of all block space fees, and BNB Chain will account for 80% of the remaining fees, while the largest simple transmission models (Bitcoin, Dogecoin, and Litecoin) will only account for 80% of all block space fees in 2022. Insignificant fee.

In one day when the Otherdeed NFT is minted, the fees generated on Ethereum exceed the annual fees of Bitcoin in 2022. The gas share used by L2 has tripled, but the adoption rate is still not high, but it may improve with the introduction of EIP-4844.

For Ethereum, it is imperative to continue to scale and prioritize usability of the protocol, and while fees will always be the KPI, scaling faster than adoption is the new goal, which will be the key to driving up prices and solidifying Ethereum’s role in the crypto ecosystem The essential.

Despite adopting a subsidized transaction model, Tron still exceeds Bitcoin in terms of block space requirements, and the fee remains relatively stable throughout the year. The most important reason is that Tron captures low-value USDT transfers.

The Bitcoin Lightning Network has yet to see meaningful growth, Lightning Network adoption expectations are too optimistic, and most of the spike in transaction fees can be attributed to the collapse of crypto institutions.

According to Yuga Labs metaverse project Otherside highlights 9 community projects and builders on social media.

They are: “Unofficial Otherside Wikipedia” Wikiotherside, Otherside data analysis builder Otherside_wiki, media project OtherSpaceFM, podcast project NFTeaShow, Otherside animation builder Rida, Koda animation artist KEEZi.ETH and another animator Takeshi Gitano, and Koda 3D rendering project Jepgkidz and Otherside music video project ApeRaveClub.

The Dogecoin Foundation and its Board of Directors recently announced the establishment of a new developer fund to which the Foundation has allocated 5 million DOGE to facilitate the development of the Dogecoin Core platform.

The development fund is understood to be managed by existing core developers and board signatories. All payments will be tracked and reported on all social media platforms used by the Foundation during each release cycle.

CryptoSlate released NFT-related statistics in 2022. The data shows that the total transaction volume of NFT in 2022 will be 55.5 billion US dollars, a month-on-month increase of 175%, and an increase of 390 times compared to 2020.

NFT trading volume peaked at $17.4 billion in January, and since then, except for a month-on-month increase in April, monthly trading volume has been declining.

In addition, 46% of the total NFT transaction volume may be generated by counter-knocking, not real transactions.

Luca Schnetzler, CEO of NFT project Pudgy Penguins, said the project will return some of the profits to token holders. The floor price of Pudgy Penguins has doubled this month, and the current floor price has reached 6ETH.

In November, according to a document obtained by TheBlock, Pudgy Penguins is negotiating with investors for a $10 million seed round of financing. If the financing is completed, its valuation will reach $50 million.

Pudgy Penguins chief executive Luca Netz vehemently denied the financing. TheBlock said the $10 million round will be funded through Simple Agreement for Future Equity (SAFE) and will come with tokenized equity. The document shows that Pudgy Penguins may issue tokens in April 2024.

According to CryptoQuant data, in more than 50 days since November 5, 2022, Bitcoin, Ethereum, and stablecoin owners have removed approximately $19.19 billion in encrypted assets from centralized exchanges.

Between November 5 and December 26, the total reserves of global cryptocurrency exchanges decreased by approximately 356,848 bitcoins (worth $6.02 billion), 4.48 million ethers (over $5 billion) and stablecoins worth $7.669 billion. currency assets.

Since November 5, the top ten crypto assets such as BNB, XRP, DOGE, and ADA have seen large withdrawals in parallel with BTC, ETH, and stablecoin withdrawals.