Site icon Foresight News EN

Foresight Daily

TL; DR:

  • PeckShield: there were a total of 24 vulnerability incidents in January 2023.
  • Celsius: Eligible custodial users will be able to withdraw approximately 94% of their eligible custodial assets.
  • FTX ended last year with a cash balance of $1.43 billion, higher than the $1.24 billion on November 20th.
  • the decentralized social network Damus has officially launched and supports lightning network payment platforms.
  • Bitcoin mining firm Argo Blockchain, announced that its Chief Financial Officer and Executive Director, Alex Appleton, has resigned
  • the Cardano stablecoin Djed’s reserve assets of ADA have exceeded 27 million (valued at approximately $1.034 million).
  • Blockchain solution provider SIMBA Chain has been awarded $30 million from the U.S. Air Force Strategic Technology Focus Plan (STRATFI).
  • The supply of ETH decreased by a net of 10,145.72 in January, with a net deflationary value of approximately $16 million.
  • Technical team spending generally exceeds 60% of total spending for Maker Dao.
  • The loans to Tether were twice Celsius’s credit limit, Alameda and Three Arrows Capital both borrowed above the company’s credit limit.

1. PeckShield reports, there were a total of 24 vulnerability incidents in January 2023, causing $8.8 million in funds to be stolen, down 92.7% from $121 million in December 2022. As of January 31, stolen funds worth around $2.6 million (about 2668 BNB and 1200 ETH) have been transferred to mixers such as TornadoCash, Fixedfloat, and sideshift.

2. In a recent update from Celsius, for security and regulatory reasons, Celsius will require eligible users to update their Celsius account with necessary information before processing any withdrawals. Eligible custodial users will be able to withdraw approximately 94% of their eligible custodial assets. The ability to withdraw the remaining 6% will be decided by the court later. Eligible users will also receive specific information regarding Gas and transaction fees related to the withdrawal activity. Users who do not have enough assets in their account to pay for these fees will not be allowed to withdraw their assets. Eligible users can expect to receive email and in-app communication from Celsius around February 15th, informing them of their eligibility.

3. According to a report by Bloomberg, The bankrupt FTX group held $1.43 billion in cash at the end of last year, higher than a $1.24 billion tally as of Nov. 20. The latest figure for one of the entities, defunct trading house Alameda Research, was $876.6 million versus $401 million in November. Managements are screening assets to determine how much can be returned to creditors.

4. the decentralized social network Damus has officially launched and supports lightning network payment platforms such as Strike. Twitter co-founder Jack Dorsey tweeted that the social product Damus, based on the decentralized social media protocol Nostr, has been launched on the Apple App Store. According to the app interface, Damus supports lightning tip payment platforms including Strike, Cash App, Muun, Blue Wallet, Wallet of Satoshi, Zebedee, Zeus LN, LNLink, Phoenix, Breez, Bitcoin Beach, Blixt Wallet, and River.

Additionally, Jack Dorsey stated that the decentralized social network Amethyst on Nostr has also launched on the Google Play Store.

5. bitcoin mining firm Argo Blockchain, announced that its Chief Financial Officer and Executive Director, Alex Appleton, has resigned after successfully selling the Helios facility to Galaxy Digital on December 29, 2022. The company has hired a headhunting firm to assist in selecting a new CFO and has also engaged BDO Canada LLP to help CEO Seif El-Bakly handle interim financial matters.

6. According to official data, the Cardano stablecoin Djed’s reserve assets of ADA have exceeded 27 million (valued at approximately $1.034 million), with a total of approximately 173.6 thousand Djed cast and a 596% collateralization rate.

7. Blockchain solution provider SIMBA Chain has been awarded $30 million from the U.S. Air Force Strategic Technology Focus Plan (STRATFI). The investment will be used to develop blockchain applications in supply chain management and projects that will be used by multiple government organizations, including the Office of the Deputy Secretary of Defense, the U.S. Air Force, the U.S. Navy, the U.S. Army, and the Defense Logistics Agency.

SIMBA Chain has previously developed blockchain applications for the U.S. Air Force, including budget tokenization and tracking for the aviation service sector. The STRATFI program will accelerate the development of SIMBA’s blockchain platform, SIMBA Blocks, which supports the U.S. Air Force’s strategic mission.

8. The supply of ETH decreased by a net of 10,145.72 in January, with a net deflationary value of approximately $16 million. The current total supply of ETH is 120,515,722, with an annual growth rate of -0.012%, according to ultrasound money.

9. According to Token Terminal, the total income of MakerDAO Lido and SushiSwap in 2022 were 37.75m, 33.32m and 16.75m, and the annual salary of each full-time employee is 225k, 132k and 256k. Technical team spending generally exceeds 60% of total spending.

10. The court report shows that Celsius’ lending to the USDT issuer Tether grew to over $2 billion in 2021, it also made unsecured loans to players such as Anchorage, Flow Traders, Galaxy Digital and an FTX subsidiary. The loans to Tether were twice Celsius’s credit limit, Alameda and Three Arrows Capital both borrowed above the company’s credit limit. Other loans to Amber Technologies, Dunamis Trading, Kenetic Trading, and Profluent Trading “were all more than their stated credit limits”.

Exit mobile version