DeFi
The web3 gaming space looks poised to go parabolic again in the way it did with Axie Infinity, and you can see how things might unfold by focusing on the Philippines.
Business
Coinbase has added support for SEAM, the governance token of the Seamless Protocol built on the Layer 2 network Base.
The FTX bankruptcy estate said that the exchange never earned anything near an amount that supports the $24 billion that the IRS claims it is owed in taxes.
Bitcoin
Ether and most other major altcoins were also still trading in negative territory in what one analyst said “can be seen as a healthy cleanse of excess leverage,” but market signs overall continue to point upward.
The update will occur on January 29. The SEC will likely decide on spot BTC ETFs earlier in the month.
The active manager of exchange-traded funds sold the shares on Friday from three funds where the crypto exchange has grown to outsized weight.
A “vulnerability” flagged by Bitcoin Core developer Luke Dashjr last week has now been added to the U.S. government’s National Vulnerability Database.
BNB-based Venus refuted claims that the protocol had suffered a $54 billion exploit, pointing to a malfunctioning Binance Oracle that resulted in $200,000 worth of borrows on an isolated pool.
The exchange-traded fund would offer indirect exposure to MSTR stock using a derivatives strategy. A Bloomberg analyst expressed skepticism about the potential product.
The non-profit behind the layer 2 will distribute tokens to past and future contributors, refund some transaction fees and promote DeFi protocols within the ecosystem.