Bitcoin and crypto market are trading unchanged at the beginning of 2023
Bitcoin and crypto market started 2023 with flat trading as the crypto market was recovering from the crisis caused by the crash of FTX. At the press time, Bitcoin was trading in the range of 16,500 USD, ETH moved around the threshold of 1,200 USD. Other major altcoins were also largely sideways at the beginning of 2023. Some top digital assets like Solana, Avalanche, XRP, Cardano, and Binance Coin (BNB) have fallen slightly in the past 24 hours. According to some analysts, Bitcoin could bottom and try to recover within this year.
US prosecutors investigated SBF for some suspicious transaction from Alameda wallets
Sam Bankman Fried is under investigation by US prosecutors over recent transfers from Alameda wallets. Accordingly, the former CEO of FTX is suspected of being behind these transactions. SBF has denied and said that he does not have access to these wallets. However, crypto Twitter thought that Sam was lying, that the former CEO should have been banned from internet access as a bail condition.
Bitcoin Core Developer suffers 200 BTC exploit
A veteran Bitcoin core dev, Luke Dashjr, tweeted on January 1st, revealed that he has lost over 200 BTC approximately worth $3.5 million at today’s prices in a hack in which his PGP key was compromised. Ironically, he said that he had “no idea” what happened. The fact that a long-time, experienced developer, especially working on the Bitcoin network, lost such a large amount of money has sparked a lot of controversy in the community, about how secure Bitcoin is as well as self-custody risk.
Vitalik Buterin revealed what he's bullish about for 2023
Recently, Ethereum co-founder Vitalik Buterin has shared what he is bullish about in 2023. One of them is reaching a new milestone for rollup scaling as per the Ethereum roadmap. On Dec. 31, in a comment replied to a Tweet from former chief technology officer of Coinbse, Balaji Srinivasan, Buterin said he was looking forward to reaching the “basic rollup scaling” milestone as outlined in the Ethereum roadmap, including “EIP-4844 rolled out” and “Rollups partially taking off training wheels, at least to stage 1". In an earlier post, Buterin shared what he thinks is "Good Crypto Future". Which includes: payments and decentralized finance (DeFi), decentralized autonomous organizations (DAOs),...
Lido is the dominant liquid staking protocol in terms of ETH staking. This number especially increased when the Ethereum Merge took place in September 2023. Recently, this helped Lido surpass MakerDAO to become the platform with the highest TVL, which is $5.9 billion. Just dethroned is MakerDAO with $5.89 billion in TVL. And ranked third is AAVE with TVL of 3.7 billion USD. According to Lido's website, there is currently $5.8 billion in ETH staked on this platform, representing 31% of ETH staking. The following two competitors are Coinbase and Kraken with ETH stakes of 15% and 8.5% respectively.
