• Matrixport’s new research report shows the price of bitcoin (BTC) has increased over 9% on average during every Chinese new year (CNY) since 2015.
• The report, entitled “Chinese New Year, a Buy Signal for Bitcoin”, states that investors who purchased BTC at the end of the first day (Jan. 22) of this season’s Chinese new year and sold it exactly 10 days later (Feb. 1) would have made a decent 9%+ on their BTC holding.
• The bitcoin price is currently hovering around the $22,900 level, and if history repeats itself, BTC could surpass the $25,000 mark by Feb. 1.

Bitcoin has been on a steady rise over the past few years, and the recent research conducted by Matrixport has revealed that this trend is expected to continue during the Chinese New Year. According to the report, entitled “Chinese New Year, a Buy Signal for Bitcoin”, the price of bitcoin (BTC) has gained over 9% on average during every Chinese new year (CNY) since 2015. This indicates that investors who purchase BTC at the end of the first day (Jan. 22) of this season’s Chinese new year and sell it exactly 10 days later (Feb. 1) are likely to make a decent profit on their BTC holdings.

The report also notes that the 10-day trading period after the Chinese Lunar New Year of 2017 returned a 15% profit for traders, while 2021 and 2016 returned 14% and 13% for investors, respectively. The current bitcoin price is hovering around the $22,900 level, and if history repeats itself, BTC could surpass the $25,000 mark by Feb. 1.

This news has been welcomed by many investors who have been eagerly awaiting the start of the Chinese New Year, as they anticipate a significant increase in their BTC holdings. The strong growth in the cryptocurrency market has also been bolstered by institutional investors entering the space, who have been investing heavily in the asset class. This influx of money, along with the promise of future returns, has made bitcoin an attractive investment opportunity for many.

In addition to the potential for price appreciation, the blockchain technology that underpins bitcoin has also been making strides in the corporate world. Many companies have been utilizing the technology to improve their operations, and this has further strengthened the case for investing in the asset.

The coming weeks are sure to be interesting, as investors await the outcome of the Chinese New Year and the performance of their BTC holdings. With Bitcoin’s price continuing to rise, and the increasing acceptance of the asset as a legitimate form of investment, there is no telling how high the price may reach.

• Polygon has partnered with Xtrenity, a web3 gaming development platform, to migrate Synergy lands assets onto the Ethereum Virtual Machine chain.
• Xtrenity has a migrating tool that can help projects or games migrate to other chains, which Synergy will be utilizing in its move away from Solana, a blockchain platform that enables crosscutting and scalability, to Polygon.
• Polygon has seen massive traction in the crypto ecosphere, accumulating branded deals such as former U.S. president’s (Donald Trump) digital trading card clusters, Starbucks and Reddit.

Polygon, an Ethereum-based layer two scaling solution, has recently announced its collaboration with leading blockchain gaming platform Xtrenity, to aid in the migration of Synergy lands assets onto the Ethereum Virtual Machine chain. The cause for the shift is the shortages experienced on the blockchain-based network (Solana), and its losses after its partnership with FTX fell apart.

Synergy, a blockchain game, will utilize the migrating tool offered by Xtrenity to transfer away from Solana, a blockchain platform that enables crosscutting and scalability, to the Polygon network, which focuses on vast interactivity with the Ethereum blockchain. In order to successfully make the move, game consumers are encouraged to link up their Solana wallets, such as MetaMask and Phantom, then burn their Solana resources and receive Polygon’s native MATIC tokens in return.

The move to the Ethereum Virtual Machine chain is the latest in a series of major developments for Polygon, which has seen rapid traction in the crypto world. Notable partnerships such as former U.S. president Donald Trump’s digital trading card clusters, Starbucks and Reddit have all been announced in recent times. Synergy will be joining a rapidly growing list of games in the Polygon environment, which currently includes Planet IX, Zed Run, Ice Poker, Mint World, and many others.

The partnership between Polygon and Xtrenity has come at a time when the blockchain gaming industry is booming, with an increasing demand for various gaming platforms that offer scalability and crosscutting solutions. The ability to move between different blockchains and to access the Ethereum Virtual Machine chain is expected to provide a much needed boost to the industry. With the migration of Synergy onto the Ethereum Virtual Machine chain, Polygon is further cementing its position as a leading Ethereum layer two scaling solution provider.

• GMX, a growing cryptocurrency project, has surpassed $2.7 million in fees, a difference of $900,000 recorded on Jan.8th ($1.8M in 24hrs).
• GMX holders will receive 30% of the fees as revenue, approximately $822,000.
• On January 6th, Arbitrum noted on Twitter that the organization (GMX) had surpassed $100 million in total fees.

The cryptocurrency project GMX has recently achieved a major milestone, surpassing $2.7 million in fees. This is a difference of $900,000 compared to the $1.8 million recorded on January 8th. GMX holders will benefit from this development, as they will receive 30% of the fees as revenue, amounting to approximately $822,000.

The success of GMX is further evidenced by its 24-hour trading volume of $13,895,628 on both centralized and decentralized exchanges, with $11,048,665 and $2,846,963 respectively. Its price has also increased by 1.06% in the past 24 hours, and it is now ranked 79th on Coinmarketcap with a market capitalization of $372.5 million and a circulating supply of 8.4 million (GMX coins). Its fully diluted market cap is $390 million, with a 1.35 increase.

On January 6th, Arbitrum posted on Twitter that the organization had surpassed $100 million in total fees. This was further confirmed by GMX’s website, which indicated a total volume of $76 billion, with a deviation of +47.7 million. There was also an increase of 123 users from 182,217 unique ones and an open interest of $119 million.

Overall, GMX’s recent success is a testament to its growth and potential, and it is likely that more developments will follow in the coming days and weeks. This is great news for GMX holders, who can look forward to receiving their share of the fees as revenue. For now, it is clear that GMX is a promising project that will continue to benefit the cryptocurrency community.

• An anonymous whale recently withdrew $34.7 million in SHIB from Binance.
• The whale sent 4,000,000,000,000 SHIB on the Ethereum blockchain to a staking platform.
• The whale’s action may signal a more positive outlook on the potential of the meme currency.

On January 10, 2023 at 5:23 pm, an anonymous whale made a huge impact on the cryptocurrency space by withdrawing $34.7 million in SHIB from the Binance exchange. According to data from the crypto transaction tracking firm Whale Alert, 4,000,000,000,000 SHIB was sent on the Ethereum blockchain from a wallet associated with the exchange to an address related to a staking service.

The sheer magnitude of this transaction caused speculation among traders, who wondered what effect it would have on the price of SHIB. Withholding tokens in staking contracts for a period of time in exchange for incentives is a popular strategy employed by investors. This led many to believe that the whale had a positive outlook on the potential of the meme currency and was willing to keep the coins in their possession for a significant amount of time.

The whale’s action thus could have long-term implications for the price of SHIB. Many believe that the coin will benefit if investors are willing to adopt a more positive outlook on its potential. This could lead to increased demand and, consequently, a higher price.

What is certain is that this transaction has had a profound effect on the cryptocurrency space and has shown that whales are willing to show their confidence in certain projects. As more investors watch the price of SHIB and the actions of whales, the future of the meme currency remains uncertain.

• Astar Network has released its 2023 roadmap, the Starmap, with the goal of making its blockchain network more robust and providing necessary tools for developers.
• The first phase, Reborn Nebula, in Q1 2023 will introduce Cross-Virtual Machine (XVM) functionality, Astar UI Library & Astar.js, WASM tooling, XCM smart contracts, and dApp staking.
• The goal is to make the network more stable and interoperable, providing developers with the necessary tools and stability desired.

The Astar Network has recently released its four-part 2023 roadmap, dubbed the Starmap, with the goal of creating a robust, secure, and scalable blockchain infrastructure that is capable of handling multiple chains. The roadmap has been designed to address the issues of the harsh market conditions of last year, which saw many developers leaving their existing networks due to the lack of stability and interoperability.

The first phase of this roadmap, titled Reborn Nebula, will begin in Q1 2023. It will focus on introducing a series of innovative features, such as the Cross-Virtual Machine (XVM) functionality, which will allow smart contracts on different virtual machines to communicate with each other. This will enable bi-directional calls between Ethereum Virtual Machine (EVM) and WebAssembly (WASM).

In addition, Astar Network will be introducing the Astar UI Library & Astar.js, WASM tooling, XCM smart contracts, and dApp staking. These new features will provide developers with the necessary tools and stability desired, making the network more reliable and interoperable.

The team at Astar Network is confident that the introduction of these new features will enable the network to become a go-to platform for developers, providing them with the stability, scalability, and security they need. The 2023 Starmap is an ambitious plan and the Astar Network team are committed to making their vision a reality.

• The SEC asked questions regarding Binance’s capacity to carry out the proposed $1 billion acquisition of Voyager Digital and the viability of its post-acquisition plans.
• The SEC called into question Binance.US’s capacity to complete the transaction, the need for more information about rebalancing Voyager’s cryptocurrency holdings, and the ability to protect customers‘ assets.
• The SEC reserved the right to modify its objection upon filing new papers and urged the judge to deny the submitted motions unless Binance.US revisions fully address the three key issues.

The Securities and Exchange Commission (SEC) raised questions regarding the proposed $1 billion acquisition of Voyager Digital by Binance.US. In a filing on Jan. 4, the regulator called into question Binance.US’s capacity to complete the transaction, the need for more information about rebalancing Voyager’s cryptocurrency holdings, and the ability to protect customers‘ assets. Voyager Digital, a major casualty of the demise of LUNA, declared Chapter 11 bankruptcy in July 2022. Since then, there have been several high-profile acquisition proposals for the business, with an early offer coming from the now-defunct cryptocurrency exchange FTX.

The SEC stated that it had discussed its concerns with Binance.US counsel and was informed that a revised disclosure statement will be filed before the upcoming motions hearing. In light of this, the SEC further stated that it reserved the right to modify its objection upon filing new papers. Additionally, it urged the judge to deny the submitted motions unless Binance.US revisions fully address the three key issues.

The SEC’s objection raises several questions about the viability of the proposed acquisition of Voyager Digital by Binance.US. The regulator called into question the company’s capacity to complete the transaction, the need for more information about rebalancing Voyager’s cryptocurrency holdings, and the ability to protect customers‘ assets. It is unclear how the SEC’s objection will impact the proposed acquisition, but it does raise the issue of the viability of a large-scale transaction of this nature.

The SEC’s objection is also a reminder to all cryptocurrency companies of the importance of regulatory compliance. The regulator’s filing clearly shows that it is closely monitoring the cryptocurrency industry and that it is willing to take action when it deems necessary. Companies operating in this space must be aware of their obligations to comply with the law and must take the necessary steps to ensure that they are fully compliant.

Overall, the SEC’s objection to Binance.US’s $1 billion acquisition of Voyager Digital is an indication of the regulator’s commitment to ensure a safe and secure environment for cryptocurrency companies and their customers. The regulator’s filing serves as a reminder to all cryptocurrency companies of the importance of regulatory compliance. It is important for all companies operating in this space to be aware of their obligations to comply with the law and take the necessary steps to ensure that they are fully compliant.