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The biggest news in the crypto world on December 2nd included Bitcoin’s 1.4% negative reaction to US salary data, FTX Japan’s efforts to restore liquidity, and precautions after the Ankr protocol was exploited. including the $3 million freeze of Binance as a measure.
263,000 jobs were added in November, according to recent payroll data from the US Bureau of Labor Statistics. Bitcoin (BTC) reacted to the news, dropping 1.4% and he traded at $16.780.
FTX’s Japanese entity is working on a financial plan to allow users to withdraw their funds.
The subsidiary announced on December 2 that the relevant authorities had approved its plans, allowing users to exit soon.
Attackers exploited a bug in the Ankr Protocol (ANKR) code to issue 6 trillion aBNBc tokens. The exploiter converted the parts into his $5 million coin (USDC).
Potential hacking of Ankr and Hay. Initial analysis shows that the developer’s private key was hacked and the hacker smartly updated his contract to something more malicious. Binance suspended withdrawals a few hours ago. Also, about $3 million that the hacker moves to his CEX in our company has been frozen.
CZ Binance (@cz_binance) December 2, 2022
Binance CEO Changpeng Zhao said the exchange has frozen about $3 million in funds in response to the exploit.
According to the UTXO Realized Price Distribution (URDP) metric, 8% of the total Bitcoin supply was bought between $15,000 and $17,000.
The 8% volume suggests further redistribution potential, but bitcoin consolidation remains high, suggesting long-term holders are in control.
Ethereum (ETH) gas usage on the NFT marketplace OpenSea has been declining for the past five months.
From October 2021 to January 2022, gas charges for ERCC721 and ERC1155 token standards surged across major NFT marketplaces, with OpenSea accounting for nearly 20% of this volume, according to data from Dune Analytics .
However, over the past five months, OpenSea’s share has shrunk, while Optimism and Arbitrum have grown.
Galaxy Digital announced the acquisition of GK8 without disclosing the amount. GK8 is a self-custody program and was acquired by Celsius in November 2021, which went bankrupt following the collapse of Terra.
Galaxy’s CEO said acquiring the self-custody platform is a “key cornerstone” in establishing a full-service financial platform.
In response to allegations that a private company was involved in designing a “fictitious” US Central Bank Digital Currency (CBDC), US lawmakers have drafted a joint letter to the Federal Reserve Bank of Boston.
Legislators argue that some private companies involved in the CBDC project may participate in leveraging the project as research and developing and scaling other CBDC products to sell to commercial banks in the future. Did.
Despite their negative attitudes towards the crypto market, Indian legislators have always found CBDC useful.
India’s digital rupee has been running as a pilot program since the beginning of November. It finally came out on December 1st, but news outlets reported it didn’t keep up.
Analysts at CryptoSlate have looked at on-chain data about the cryptocurrency exchange’s internal transactions and revealed that they prefer to use Bitcoin to transfer funds internally.
The Exchange Fee Dominance metric is the percentage of total transaction fees paid for on-chain exchange activity. Types of transactions with fees are divided into deposits, withdrawals, in-house and inter-exchanges.
The chart above shows that 36% of all exchange revenue streams related to Bitcoin are made up of Bitcoin transaction fees. It also shows that deposits and intra-company transfers have grown exponentially over the past five years.
Matt Sorg, product and technology lead at Solana Labs, had an exclusive interview with CryptoSlate to talk about Solana (SOL) and its future in the crypto space.
Sorg said he was drawn to Solana because it was a “differentiated technology” in terms of scalability, speed, and future potential. He said:
Solana is a differentiated technology and there is a lot of noise about how things will scale in the future, but Solana is ready now and ready for the future in a very user-friendly way. It has a very clear path to scaling very arbitrarily.
Sorg also said he expects the crypto space to evolve into a multi-chain future where different chains and different protocols need to learn something from other protocols. He argued that Solana will become more configurable over time to fit into this multi-chain environment.
according to bloombergAfter Alameda Research invested a total of $1.15 billion in Genesis Digital, the market crashed and the mining industry began to struggle.
according to bloomberg According to an article published on December 1, Galaxy Digital CEO Michael Novogratz expects Bitcoin to rise to $500,000 based on the Federal Reserve rate hike.
U.S. House Financial Services Committee Chairman Maxine Waters tweeted We thanked FTX founder Sam Bankman-Fried for speaking candidly about FTX’s fallout, and invited him to the hearing on December 13th.
binance lab announced It has pledged to invest up to $4.5 million in Ambit Finance to boost trustless DeFi development on the BNB chain.
Over the past 24 hours, Bitcoin (BTC) rose +0.33% to trade at $17,001 while Ethereum (ETH) rose +1.11% to trade at $1,288.
