What Happened on Jan. 3rd｜Gemini Users File Request for Class Action Arbitration Against Genesis and DCG

DeFi

• DeFi protocol Sushi will end Kashi and MISO to focus on DEX.
• Data: over 15.87M $ETH is staked on Ethereum Beacon Chain, 29.25% of which is staked through Lido.
• Raydium community release of user compensation proposal close for voting.
• Convex Finance will launch a new wrapper contract for staked cvxCRV.
• DefiLlama meta DEX aggregator is now live.
• Genesis dormant-labeled addresses transferred 20k $ETH and swapped it for $wstETH.

CeFi

• Three Gemini Earn users filed a request for class action arbitration against Genesis and DCG.
• CZ will focus on 4 things in 2023, including education and compliance.
• Data: $BUSD worth $6.2 billion withdrawn from exchanges in 30 days.
• Bahamas: FTX's new CEO made misstatements, Bahamas didn't instruct SBF to mint a substantial amount of new tokens.
• PeckShield: GDS Chain exploited by hackers, loses about $39,000.

Infrastructure

• Ethereum scaling network Scroll will perform Pre-Alpha reset on January 9th.

Metaverse & NFTs

• LooksRare team has staked 37.5 million $LOOKS.
• Korean 3A game studio NPIXEL will launch the Web3 game, Gran Saga: Unlimited, on Aptos.

Policy & Regulation

• Former Bithumb president Lee Jeong-hoon acquitted in first trial.
• Italian Senate approves 26% capital gains tax on cryptocurrencies.

Fundings

• Web3 firms raised about $7.1 billion in funding during 2022.

In-Depth Reading

• VPN for Crypto: What is Special about Aztec Network?