What Happened on Jan. 11th|Binance Acknowledges Past Flaws in Management of $BUSD Reserves

TI Research

On January 11th, ConsenSys plans to cut upwards of 100 staff. Binance acknowledges past flaws in management of stablecoin's reserves. Axie Infinity launches Origins Season 2. FTX shareholder list includes notables such as Peter Thiel and Tom Brady. pSTAKE will launch $stkATOM on 12th January 2023. Gala Games deleted a tweet announcing a partnership with Dwayne "The Rock" Johnson.

DeFi

  • Data: $372 million of trading volume has gone through 1inch Fusion Mode.
  • WOO Network will burn over 705 million $WOO tokens.
  • pSTAKE will launch $stkATOM on 12th January 2023.
  • MYSO v1 protocol is now live on Ethereum Mainnet.
  • Ondo Finance brings US Treasuries and institutional-grade Bonds on-chain.
  • DEX aggregator OpenOcean expands to Optimism.

CeFi

Metaverse & NFTs

  • Gala Games deleted a tweet announcing a partnership with Dwayne "The Rock" Johnson and Mark Wahlberg.
  • Axie Infinity launches Origins Season 2.
  • Bonk Inu will offer NFTs on Magic Eden.

Policy & Regulation

  • Crypto exchange Zipmex probed by Thai SEC amid buyout.
  • Former Coinbase Manager's brother sentenced to 10 months in prison for insider trading.

Fundings

  • Venom Foundation and Iceberg Capital have partnered to launch a $1 billion venture fund.
  • Cosmos-based DeFi protocol Quasar closes $5.4m funding round led by Shima Capital.

In-Depth Reading

The Shanghai Upgrade - Selling Pressure? Or Buying Pressure for $ETH

What is Frax Ether (frxETH) - Rating & Analysis

Ethereum

Binance

Axie Infinity

Game

FTX

Staking

PoS

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