Crypto Recap: $BONK GOING BONKERS

Summary

  • Outperformers: BIT (+41.9%), LDO (+41.6%), SOL (+34.9%), ETC (+25.5%), NEAR (+17.6%), NEXO (+17.5%), APT (+17.0%), XEC (+17.0%)
  • Underperformers: HT (-6.9%), HBAR (-5.6%), XDC (-4.5%), XRP (-3.0%)

Crypto Headlines

- $BONK goes bonkers

- Apple Pay and Google Pay available on Binance

- Grayscale ETH trust (ETHE) trading at 60% discount as DCG liquidity nerves continued

- Baidu metaverse-related project unveiling on 10 Jan

Chart 1: The 7-day average funding rates for BTC and ETH
Table 1: Major Crypto KPI (as of 05 Jan 2023)

NFT News

- ‘NFT Inspect’ shutting down

- National digital asset marketplace in China

Chart 2: OpenSea Monthly Volume ($USD)
Chart 3: OpenSea Monthly NFTs Sold (Transaction Count)
Chart 4: Floor Prices of Blue-Chip NFTs ($ETH)

Defi Updates

Table 2: Total Value Locked (TVL) on major blockchains

- $GMX whale wallet got hacked

- CAKE released proof-of-reserves

- SushiSwap new tokenomic proposal

Regulation Updates

- Indonesia set to create a national crypto exchange in 2023

- SEC objects Binance.US’s $1b deal to acquire Voyager Digital

- Hong Kong crypto-trading firms lining up for virtual-asset trading licence

- Italy approves 26% crypto-gain tax for any capital gain over 2,000 euros from crypto-asset trading

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store