Binance Research Institute releases 2023 annual review report, crypto market value increases by 109%
Binance Research Institute released its 2023 annual review report, which comprehensively analyzed the performance of the cryptocurrency market in the past year. The report shows that driven by the significant increase in the first and fourth quarters, the market value of cryptocurrencies in 2023 increased by 109%; Web3 projects attracted 1,173 investments, totaling $9 billion; decentralized finance (DeFi) TVL increased by 38.9% year-on-year; and the global stablecoin market value decreased by 5.2% overall in 2023.
Venezuela’s oil currency Petro plans to cease operations on January 15
On January 13th, it was reported that Venezuela's national oil currency, Petro, plans to cease operations on January 15th. According to information displayed on Patria Platform, the only website currently able to trade Petro, all cryptocurrency wallets held on the platform will be closed on January 15th.
GoPlus: There is a serious deviation in the inscription price conversion on the Unisat platform. It is recommended to manually calculate the legal currency value after confirming the BTC price.
GoPlus posted on social media stating that the GoPlus team has discovered a serious deviation in the price conversion of the current UniSat platform. All users who trade inscriptions should pay attention to the BTC price and manually calculate the value of the legal currency to avoid financial losses and situations of incorrect purchases caused by the calculation bug of the legal currency price.
AI Arena establishes CortX Foundation and announces NRN token economics
On January 13th, AI Arena announced the establishment of the CortX Foundation to support the growth and development of the AI Arena ecosystem. They also revealed the NRN token economy and announced that 80 million tokens (8% of the total supply of 1 billion) will be distributed to the AI Arena community through airdrops during Season 1. Of these, 40 million tokens will be used for the upcoming P2A competition, and 40 million tokens will be used for NRN reward boxes.
Predictions
This is a list of high level statements, predictions and beliefs that relate to the concept of Onchain and to some extent crypto at large.
A lot of them—if not all of them—are consensus, obvious and nothing new. I'll likely add to this over time.
Cosmic Timing
I had a friend tell me earlier this year that she thought my “cosmic timing might be off.” What she meant, I gathered, is that I have a tendency to push my will on the world rather than to pause patiently for its signals to act. A normal thing for those of us in tech, I guess: a belief that the world is our canvas to write rather than read, to inscribe our utopias rather than assess our direr realities.
On Crypto
I left crypto at the tail end of 2020. I felt the gap was too wide between the future a core group of smart, earnest, and technically impressive true believers were gesturing at, and what was really happening. 2020 was the year where Yield Farming exploded, and it seemed to confirm that crypto had accepted its main purpose as a vehicle for self-referential, mindless, speculative bullshit. It’d lost all its seriousness, and all of its promise with it.
Crypto is Networked Nonviolent Protest
The goal of this article is to explain how the internet (networked information) enabled fragile nonviolent protest, then map that onto how blockchain technology (networked capital) is enabling antifragile nonviolent protest.
Cointime January 6 News Express
1.Boomberg: SEC commissioners are expected to vote next week on 19b-4 documents submitted by Bitcoin spot ETF issuers
Dash network has produced more than 2 million blocks
Dash announced on X platform that its network has produced over 2 million blocks.