Grayscale puts AVAX and XRP on the market; FTX hacker mixes $7.3 million in BTC

Headlines

▌Grayscale has included AVAX and XRP in its digital large-cap fund

Crypto asset management company Grayscale Grayscale tweeted that new additions this quarter: AVAX and XRP have joined Grayscale Digital Large Cap Fund GDLC. MATIC has been removed from GDLC and CRV has been removed from Grayscale DeFi Fund DEFG. As of the close of trading on January 4, 2024, the fund components of the Grayscale Digital Large Cap Fund include the following assets and weights: BTC: 69.15%, ETH: 21.90%, SOL: 3.65%, XRP: 2.54%, ADA: 1.62%, AVAX: 1.14%. As of the close of trading on January 4, 2024, the fund components of the Grayscale DeFi Fund are the following basket of assets and weights: UNI: 41.11%, LDO: 23.90%, MKR: 23.39%, AAVE: 12.63%, ANX: 8.97%. As of the close of trading on January 4, 2024, the fund components of the Grayscale smart contract platform excluding the Ethereum fund are the following basket of assets and weights: SOL: 44.54%, ADA: 19.77%, AVAX: 13.89%, DOT: 9.75%, MATIC : 8.25%, ATOM: 3.80%.

▌FTX attacker mixed Bitcoin worth $7.3 million today

Arkham monitoring data shows that FTX attacker $7.3 million worth of Bitcoin was mixed today. He has commingled approximately 60% of the original stolen assets, which would be worth more than $600 million at today's prices. FTX attackers initially bridged 4,540 BTC through Ren Protocol in late November 2022, with a total value of approximately $75 million at the time. However, over the past year, the price of BTC has almost tripled, meaning this amount is now worth over $185 million. Additionally, in October 2023, he converted $142 million in ETH into BTC via Thorchain and deposited it immediately into the mixer. If converted at market rates and held in BTC, this amount would now be worth over $220 million. In total, the FTX attackers mixed a total of over $400 million in BTC.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was US$44,135.52, with fluctuations during the day. Frame+0.19%;

ETH Recent The transaction price was US$2252.43, and the intraday increase or decrease-0.39%;

BNB The recent transaction price was US$308.36, with intraday changes -0.04%;

The recent transaction price of XRP was US$0.5711, with an intraday increase and decrease of -0.38% ;

The recent transaction price of DOGE was US$0.0812, with an intraday increase or decrease of -1.36% ;

ADA’s recent transaction price was US$0.5283, with an intraday increase or decrease of -2.10 %;

SOL’s recent transaction price was US$95.42, with intraday gains and losses-3.09%.

Policy

▌Bloomberg Analyst: If SEC votes on Bitcoin ETF, a meeting must be publicly scheduled< /strong>

Bloomberg analyst Eric Balchunas stated on social media that the U.S. Securities and Exchange Commission (SEC) has never voted (spot rejection or futures approval) on Bitcoin ETFs, and they were authorized through " "To reject or approve, if they do hold a vote, they have to schedule a meeting publicly. The next meeting is on the 11th, but that's too late for the January 11th launch, so it may not be relevant. If there is a vote, it is difficult to imagine Gary (U.S. SEC Chairman Gary Gensler) voting against it, because he has no reason to refuse. He directed his staff to invest thousands of man-hours and conduct 5 to 10 rounds of opinions with 11 publishers. They were also recently told that they hoped the submissions would be rolled out on January 11th. To sum up, before the SEC officially announces, we still do not have a 100% chance of winning.

Blockchain Applications

▌Bitcoin Core Developers: In its current state, Dashjr’s proposal has no hope of achieving a universal A conclusion everyone can live with

Long-time Bitcoin Core developer Luke Dashjr failed to gain enough support for his proposed “bug fix” proposal for the Bitcoin code that would Fundamentally end Ordinals and Inscriptions on the blockchain. Bitcoin developers are divided on the issue, and the decentralized nature of the blockchain will not allow any modifications to the code without majority consensus. Bitcoin Core developer Ava Chow said Dashjr’s proposal was “controversial” and the debate had reached an “impasse.” In its current state, the proposal has no hope of reaching a conclusion acceptable to all.

▌Bounce Brand: Account X has successfully regained access and will launch an AUCTION holder income sharing plan

Decentralized auction platform Bounce Brand Officials stated that our X account was compromised and access has been successfully regained. We apologize for the inconvenience caused. In order to make up for the inconvenience caused, an AUCTION holder income sharing plan will be launched. Eligibility requires holding any amount of AUCTION in a single mainnet wallet.

▌Delegate founder: The front end of MangoFarm is damaged, please do not use it

Delegate founder foobar said on social media that the front end of MangoFarm is damaged, please do not use it. use. The team is currently reviewing the v1 code. The team cannot verify deployed programs. It is strongly recommended to transfer the management keys from third-party developers to the team to ensure their immutability, but this has not been implemented yet.

▌OP Labs: The Ethereum Goerli test network will stop maintenance after January 17, and it is recommended to migrate as soon as possible.

OP Labs issued a document on the X platform saying, The Ethereum Goerli testnet deprecation originally scheduled for early January has been postponed and will cease maintenance after the Dencun upgrade scheduled for January 17. Developers are still recommended to migrate from OP Goerli to OP Sepolia as soon as possible to prepare for this Be prepared for change.

Cryptocurrency

▌Arbitrum’s 24-hour DEX trading volume exceeded Ethereum for the first time, reaching $1.83 billion< /p>

DeFillama data shows that in the past 24 hours, the trading volume of Arbitrum, a Layer-2 scaling solution, on the decentralized exchange (DEX) surpassed Ethereum for the first time. The latest data shows that Arbitrum’s 24-hour trading volume reached US$1.83 billion. , a week-on-week increase of 32.58%. This surge caused Arbitrum to account for 33.40% of the total DEX trading volume, surpassing Ethereum and ranking first. Ethereum's 24-hour trading volume fell 4.77% to $1.444 billion.

▌457 BTC were transferred from Kraken to an unknown wallet

According to Whale Alert monitoring, at 23:32 Beijing time yesterday, 457 BTC (20,051,366 US dollars) Transfer from Kraken to unknown wallet.

▌The liquidity of the GMX V2 GM pool has far exceeded that of the GMX V1 GLP pool

According to news on January 7, GMX issued an article on the X platform stating that currently GMX The liquidity of V2’s GM pool far exceeds that of GMX V1’s GLP pool. The GM pool TVL is $284 million, while the GLP pool TVL is $219 million. Additionally, 102,280 users have transacted on GMX V2, proving the model’s product-market fit. Segregated GM asset pools are also more scalable than the GLP model. GLP migration incentives will last until January 30th.

▌Tether Consultant: Many people don’t know that one person can own a small part of Bitcoin

Tether consultant Gabor Gurbacs posted on the X platform that Bitcoin The coin is trading around $44,000 today. ETFs are typically launched with a double-digit NAV, typically $25. So, let’s say the Bitcoin ETF launches at $44 per share, minus the 3 zeros. This eliminates a lot of unit bias. Suddenly, investing in Bitcoin looks more affordable. It amazes me how many people don't know that one can own a fraction of Bitcoin, and even more often, people don't want to own a fraction of Bitcoin. Owning the entire share of BTC feels better than owning 0.001 BTC. It seems like a small thing, but it's actually a big deal.

▌Today’s panic and greed index is 70

Golden Finance reports that today’s panic and greed index is 70 (yesterday’s was 72), the level is still greedy. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).

▌Analysoor: ONE has an unlimited guaranteed base price of 2.5 SOL, and the total minting revenue is 26,000 SOL

January 7 According to Japanese news, Analysoor officially stated that each NFT in the ONE series has an unlimited guaranteed base price of 2.5 SOL, and its total minting revenue is 26,000 SOL. Among them, 21,000 SOL have been pledged. If the selling pressure on ONE is too great, you can choose to cancel the pledge and choose to buy back. Every ONE NFT repurchased will be destroyed.

▌Sui TVL reached US$225 million

Sui’s official account posted on social media that Sui TVL reached US$225 million, making Sui one of the African countries. The top four EVM chains.

▌Survey: Only 39% of financial advisors believe it is certain that the BTC spot ETF will be approved by the SEC

A recent survey shows that this year , only 39% of financial advisors believe it is certain that a BTC spot ETF will receive approval from the U.S. Securities and Exchange Commission (SEC). The findings indicate that financial advisors are generally skeptical of the SEC’s decision to approve a spot Bitcoin ETF.

▌The TVL on the Base chain is currently US$727 million, an increase of 16.11% in the past 7 days

According to the latest data from L2beat, the second-layer solution launched by Coinbase The total locked-up volume (TVL) on the Base chain is currently US$727 million, an increase of 16.11% in the past seven days.

Important economic developments

▌Fed Logan: As the use of reverse repurchase facilities declines, the Fed Response to tapering

January 7, Dallas Fed President Logan said that in the face of tighter liquidity in financial markets, the Fed may need to slow down the reduction of its assets and liabilities. The pace of the table. As a former senior official in the New York Fed's markets department, Logan is authoritative in calling for consideration of slower pace of balance sheet reduction. She said that while liquidity and bank reserves in the financial system remain very ample, individual banks may begin to experience liquidity constraints, especially as use of the Fed's overnight reverse repurchase agreements declines. Logan said it was "appropriate" to start discussing the parameters for the Fed's decision to slow down its balance sheet.

Golden Encyclopedia

▌Crimes of trust

In virtual currency transactions, using cash transactions to buy telecommunications fraud, online gambling Does the "stolen money" obtained by the platform and other criminal activities using information network mean that the perpetrator knew it was "stolen money", thus meeting the subjective knowledge requirements of the crime of aid and trust?

From the perspective of the crime of trust and its related judicial interpretations, we should return to the essence of the issue - whether the cash transaction of virtual currency obviously violates the laws of the market and is an "obviously abnormal" transaction method. In virtual currency transactions, if cash transactions are obviously more difficult than online transactions, for example, the transaction parties are in different places or far apart, it is an obviously abnormal transaction method. If cash transactions are not obviously more difficult than online transactions, for example, the transaction parties are in the same city. Relatives and friends are not obviously abnormal transactions. Of course, a comprehensive determination should be made based on the specific circumstances of the case.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.