Daily Recap 1-17

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A total of 8,638 BTC (valued at $798M) moved from the Grayscale Trust to Coinbase Prime. Following the BTC spot ETF adoption, Grayscale Trust has shifted 31,638 BTC ($1.366B) to Coinbase Prime over three consecutive US stock market trading days. Link

ProShares has filed with the U.S. SEC for five leveraged Bitcoin ETFs (-2x, -1.5x, -1x, +1.5x, +2x) following the daily Bloomberg Galaxy Bitcoin Index. Tickers and fees are pending, with a provisional launch date of April 1. Link

The Ethereum Dencun upgrade on the Goerli testnet launched Wednesday but didn't complete on time. One of the developers reported that validators resumed and chain finalisation began again, with a substantial number of blobs submitted to the network. Link

The Tokeninsight report highlights that Binance's market share dropped from 54.2% to 48.7% in 2023, with OKX and Bybit gaining the most; up 4.3% and 2.2% respectively. Binance, Upbit and OKX lead in total annual trading volume, while the top derivatives are Binance, OKX and Bybit. Link


Blast - Blast launched its testnet and the Blast Big Bang contest, allocating 50% of its airdrop to developers and 50% to staking users. Link

BNB - The 26th quarterly BNB burn has been finalised. A total of 2,141,487.27 BNB, valued at around US$636 million was burned. Link

Ondo - Coinbase revealed plans to list RWA platform Ondo Finance (ONDO) on its roadmap. Link

ARB - Long-Term Incentives Pilot Program is now live. Link


Investors are confused by an unexplained $2.7 million withdrawal from Hector Network. Link

BungeeExchange was exploited for $3 million yesterday evening. Link

Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.