The week of 01/16 in short – The news about Bitcoin and cryptocurrencies is constantly boiling. It can happen that crucial information gets lost in the daily information flow and that you miss important points. This format is there to remedy that. We return to thenews from the past week‘Crypto Weekly to keep you informed about the current situation of cryptocurrencies.
Crypto news in brief
▶ Sushiswap plans its revival. Jared Gray offered a complete overhaul of the protocolincluding a reduction in expenses, a revision of the tokenomic to sustain the project in the long term.
▶ Shiba unveils its own Ethereum rollup. Entitled, shibariumthe project does not aim to increase the price of the token, but to create an ecosystem around the Shiba Inu.
▶ Polygon witnessed a hard fork bringing many improvements. The main objective is to reduce transaction costs during periods of high activity by increasing the base fee and smoothing the rate of increase of the latter.
▶ The former executives of defunct investment fund 3AC have announced plans to create a new crypto exchange, titled GTX. Victims of the serial crashes of 2022 could partially liquidate their claims in exchange for a “new” token.
▶ Solana pulls her head out of the water thanks to BONK. The blockchain has managed to find the hair of the beast thanks to a dog-headed token called BONK. At the same time, it took with it, upwards, the price of Solana (SOL) when it was launched.
▶ Struggling to understand the functioning or interest of NFTs? No fear, a video dedicated to NFTs has been published.
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The 5 metrics of the week
➤ $65 billionthis is the amount of the “secret line of credit” thatAlameda Research could have borrowed through a backdoor created on the orders of Sam Bankman-Fried, founder of FTX. This revelation was made during a hearing in Delaware bankruptcy court by FTX attorney Andrew Dietderich.
➤ $7 millionis the amount that the Societe Generale has borrowed in DAI on the protocol MakerDAO. This integration allows the French bank to borrow up to 30 million DAI which are collateralized by OFH tokens, which SG Forge can deposit in the new RWA – real world assets – asset vault created by MakerDAO.
➤ 20%it’s here share of Coinbase employees who have been dismissed to reduce operating expenses. This move is tied to the crypto winter in 2022 and the broader economic downturn.
➤ $2.5 millionis the amount of one exit scam reported by blockchain security company Certik. The founders of two contracts, CirculateBUSD and CirculateWBNB, emptied those and are now trying to launder funds. Certik also discovered a backdoor in the “Start Trading” function, which would have been used to carry out this scam.
➤ $64 millionit’s the amount in ETH moved by hacker group Lazarus. These funds had been obtained as a result of the Harmony cross-chain bridge protocol hack.
Have a nice week on the Journal du Coin! ?
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