Weekly Crypto Market News / 22 – 29 January
- Ethereum developers conducted a shadow fork, testing the future Shanghai update. They also launched malicious nodes that will try to break everything.
Read more: Official @vdWijden on Twitter
- Binance mistakenly mixed some of its reserves with user assets. Reserves for almost half of the 94 coins that Binance issues, known as Binance-peg tokens or “B-Tokens,” are currently stored in a single wallet called “Binance 8,” which also holds customer assets, according to listings visible on its website on Monday. The wallet contains significantly more tokens in reserve than would be required for the number of B-Tokens that Binance has issued, indicating that collateral is being mixed with customers’ coins rather than being stored separately, as has been done for other Binance-peg tokens according to the company’s own guidelines.
Read more: Binance (BNB) Acknowledges Storing Users’ Crypto with Reserves in Error - Miner alone mined a block of bitcoin and received 6.25 BTC
Read more: Congratulations to miner on Twitter - Vitalik Buterin shorted the RAI token for seven months and earned $92,000
Read more: Official @kyoronut on Twitter - Seoul prosecutor’s office issues arrest warrant for the owner of South Korean crypto exchange Bithumb.
Read more: Official @WuBlockchain on Twitter - Trader Peter Brandt gave a forecast for Bitcoin to rise to $25,000. Other traders are also looking at this level. However, they are waiting for growth through a correction to $23k.
Read more: Official @PeterLBrandt on Twitter - Justin Sun has set a goal for 2023: to have TRON accepted as a means of payment in five countries. About what kind of countries these could be (and at what level of economic development), Sun did not specify.
Read more: H.E. Justin Sun🇬🇩🇩🇲🔥₮ on Twitter
- Digital asset investment products saw US$117m inflows last week, the largest since July 2022, while total assets under management (AuM) have risen to US$28bn, up 43% from their November 2022 lows. The focus was almost entirely on Bitcoin, which saw US$116m inflows last week, although there were also minor inflows into short-bitcoin of US$4.4m.
Read more: Volume 116: Digital Asset Fund Flows Weekly Report - China will impose a 20% tax on miners and crypto investors. While this is an initiative of local authorities, Beijing may not appreciate it.
Read more: China starts taxing crypto investors and Bitcoin miners 20%
- The list of FTX creditors included: Apple, Netflix, Amazon, Meta, Google, LinkedIn, Microsoft, and Twitter.
Read more: FTX Trading Ltd - Elon Musk’s Tesla held onto its Bitcoin in Q4 despite market turbulence. The EV maker continued to hold its estimated 9,720 Bitcoin, only losing $34 million on its investment due to price declines towards the end of 2022.
Read more: Elon Musk’s Tesla held onto its Bitcoin in Q4 despite market turbulence
Wow!
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