SHIBA INU burn rate jumps 1,395% with over half billion burned
According to the SHIB burn website, the SHIBA INU burn rate is up a whopping 1,395% as millions of SHIB have been sent to dead addresses in the last 24 hours.
In the last 24 hours alone, over 37,400,646 SHIB tokens have been burned, and 12 transactions have been made.
BTC price 3-week highs greet US CPI
Bitcoin price has recorded strong signs of recovery after rising to $17,000 – one-month highs.
The move precedes a conspicuous macroeconomic week for crypto markets, with the December 2022 Consumer Price Index (CPI) print due from the United States.
Bitcoin mining stocks surge with broader market as traders see less aggressive Fed
Bitcoin miners Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), Marathon Digital Holdings (MARA) and others posted double-digit percentage gains in intraday trading.
The rally coincided with a broad uptick in equity markets, with the large-cap S&P 500 Index rising 1% and the technology-focused Nasdaq climbing 2% before paring gains.
GALA grew by 14% after Gala Games said it partnered with The Rock
The developers of Gala Games announced a major partnership between the blockchain gaming platform and the popular actors Dwayne Johnson (better known as “The Rock”) and Mark Wahlberg.
Gala Games revealed that it will develop two films with the Hollywood superstars. The team said buyers of the movie tickets will be able to scan a QR code and win digital assets. The asset quickly reacted to the news, spiking by over 14% (for the past 24 hours).
Russia to begin work on CBDC settlement system in Q1 as sanctions endure
The plans to develop a cross-border settlement system using a central bank digital currency (CBDC) are expected to come in the first quarter of 2023 and will see Russia’s central bank study two possible cross-border settlement models, according to a Jan. 9 report by local media outlet Kommersant.
The first proposed model sees various countries entering into separate bilateral agreements with Russia to integrate their CBDC systems.
Huobi Korea seeks to split from parent company, change its name
South Korean media outlet New1 reported on Jan. 9 that cryptocurrency exchange Huobi Korea is preparing to purchase its shares from Huobi Global and change its name. About 72% of shares in Huobi Korea are owned by Huobi Global co-founder Leon Li.
Huobi Korea was the country’s second-largest exchange at the time of its certification by the Korea Internet and Security Agency in January 2021.
Hong Kong wants to become crypto hub despite industry crisis
According to Hong Kong’s financial secretary Paul Chan, the local government and regulators are open to collaboration with crypto and fintech startups in 2023.
Chan also reportedly pointed out that Hong Kong officials and regulators are conducting a number of pilot projects to test out potential advantages of virtual assets and explore related applications.
Ethereum developers eye February public testnet for Shanghai upgrade
Developers are planning to release a public test network for the Shanghai upgrade by the end of February.
Shanghai is an upgrade that will open validator staking withdrawals, a feature presently missing from the network.
Bitcoin futures activity fell off cliff in December
Bitcoin futures volumes were just $386.6 billion in December, according to The Block’s data.
Volumes were down 39% month-on-month as they clocked the worst month since October 2020, when volumes were $333.6 billion.
MATIC whale moves almost $8 million to Binance
According to data provided by Lookonchain, a whale transferred 9 million MATIC to Binance. This amount of MATIC is worth 7.8 million USD.
As the on-chain data suggests, the whale has been continuously accumulating MATIC as time has gone by. His address received a total of 153 million MATIC, with the average receiving price at $1.16.