⛏ 2022 has become extremely difficult for public crypto companies, with most miners facing drawdowns of 90% or more since the beginning of the year.

📊 #BTC #BTC market capitalization peaked at $1.2 trillion in 2021. Now it is ~$321 billion, which is slightly less than the peak of 2017.

🙅‍♂️ Silvergate laid off 40% (~200 employees). The bank also suspended its plans to launch a digital currency and wrote off $196 million it spent buying Diem Association technology and assets from Meta (FB).
coindesk.com

🔛 #COIN Marex Solutions has unveiled a Coinbase-linked structured product that offers extended coupons in exchange for only partial equity risk capital protection. coindesk.com

🖼 #JOE #BNB Trader Joe is expanding his DeFi trading platform and NFT trading platform to the BNB network.
theblock.com

🕵️‍♂️ Review from Coinmetrics: Challenging macroeconomic conditions, regulatory pressure, scalability - what are the trends and factors that will affect the crypto industry in 2023?

📈 #CHZ - there is the largest amount of exchange deposits and withdrawals since mid-December.

🕵️‍♂️ From review Coinmetrics for 2023:

- Currently, about 1 million ETH of staking rewards have been accumulated and locked in the Ethereum consensus layer, also known as the Beacon Chain.

- MakerDAO recently placed funds in $400M short-term Treasuries and $100M investment grade corporate bonds.

🤝 Oorbit has partnered with LG Electronics to bring Metaverse games to Smart TVs.

🙋‍♂️ Bybit announced that in 2022 the number of users increased by 104% compared to last year, reaching 10 million in August; Single trading account, Bybit Card for fiat transactions and Mantle modular L2 network will be launched in 2023.
bybit.com

🇺🇸🍿 USA. Change in the number of people employed in the non-agricultural sector from ADP (Dec) - 235 thousand (forecast 150 thousand).

😁 Hong Kong in mid-January will lift the ban on the import of hamsters.
Hamsters, everyone to Hong Kong...

🤝 Former State Street Digital CEO to lead blockchain startup RegTech.
www.blockworks.com

🔛 #TON TON Foundation is launching a storage ecosystem called TON Storage.
coindesk.com

👀🇺🇸 Unemployment claims - 204k (forecast 225k)

Trade balance (November) - $61.5 billion.

👀 Larry Summers is stepping down as a consultant at crypto firm DCG due to criticism.
protos.com

👀 The probability of a 25 bp Fed rate hike in February slightly increased after the ADP report and amounted to 65.1%.

💰 Momentum Safe wallet completes $5 million seed round led by Jump Crypto.

🔄 #STRK StarkNet updates the Cairo programming language to make Web3 development accessible to developers.
cointelegraph.com

🖼 NFT Protocol Collection launched the DEX NFT protocol for buying and selling NFT instantly. This allows people to create pools based on the type of NFT they want to trade.
theblock.com