Evening News | Huobi plans to lay off nearly half of its employees; Vitalik: hopes Solana has a fair chance to thrive;
Recently, transactions from Alameda-related wallets may have been carried out by FTX liquidators; the total losses for 3Commas victims exceed 20 million dollars.Organizer: flowie, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Huobi Plans to Lay Off Nearly Half of Its Employees, Year-End Bonuses Canceled for All
According to reports from Wu, Huobi will cancel year-end bonuses for all employees. Currently, there are about 1,200 employees at Huobi, and the plan is to streamline the team down to 600 to 800 people. High-salary employees will renegotiate their salary structures, and reimbursements will also be indefinitely suspended.
Previously, reports in October indicated that Huobi's workforce had reached 1,600, and Sun Yuchen was very dissatisfied, planning to conduct large-scale layoffs. (Source link)
2. Vitalik: Hope the Solana Community Has a Fair Chance to Thrive
Ethereum founder Vitalik Buterin tweeted, "Some smart people told me that Solana is a serious and smart developer community, and now those who were just speculating have been washed out. The Solana chain will have a bright future. It's hard for me to judge from the outside, but I hope the community has a fair chance to thrive." (Source link)
3. FBI Investigating 3Commas Data Breach, Victim Group's Total Loss Exceeds $20 Million
The FBI is investigating the 3Commas data breach. A victim group of about 60 members had previously contacted the U.S. Secret Service and other law enforcement agencies, claiming their total losses exceed $20 million.
It is reported that 100,000 Binance and KuCoin API keys associated with 3Commas were leaked. A spokesperson for 3Commas confirmed this news and emphasized that during the internal investigation, there was no evidence that any 3Commas employees were involved in the attack on the API data. (Source link)
4. Bahamas Securities Commission Discloses That Assets Controlled by FTX Exceeded $3.5 Billion
The Bahamas Securities Commission released a document stating that on November 12, 2022, the commission transferred all digital assets valued at over $3.5 billion (at the market price at the time of transfer) that were held or controlled by FTX Digital Markets Ltd (FTXDM) or its agents into a digital wallet controlled by the commission, following a court order from the Supreme Court of the Bahamas. The commission stated that this measure was taken to facilitate the protection and security of assets held for FTXDM's clients and creditors, and was conducted under a sealing order approved by the Supreme Court of the Bahamas on November 16, 2022. (Source link)
5. Uniswap's Total Trading Volume Exceeds $1.2 Trillion, $2.7 Million Granted to 33 Ecosystem Projects in 2022
Uniswap released its 2022 annual review, stating that the protocol's total trading volume exceeded $1.2 trillion, with $620 billion in trading volume for the year accounting for about half of the total trading volume. Additionally, the Uniswap Foundation provided approximately $2.7 million in grants to 33 projects dedicated to building the Uniswap ecosystem. (Source link)
6. National Bureau of Economic Research: Over 70% of Trading Volume on Centralized Crypto Exchanges is Wash Trading
According to Cointelegraph, a paper on "Wash Trading in Cryptocurrency" released by the National Bureau of Economic Research (NBER) found that over 70% of trading volume on average across 29 centralized cryptocurrency exchanges is wash trading, with 12 "second-tier exchanges" having wash trading that even reached 80% of their total trading volume. Researchers stated that wash trading has short-term motivations and often affects the rankings of exchanges on data and statistics websites like CoinMarketCap, as well as the short-term prices of cryptocurrencies.
The exchanges studied in the paper include: Bitstamp, Coinbase, Gemini, Binance, Bittrex, Bitfinex, HitBTC, Huobi, KuCoin, Liquid, Okex, Poloniex, and Zb, among others. (Source link)
7. Nansen: Recent Transactions from Alameda-Linked Wallets May Be Executed by FTX Liquidators
According to blockchain analytics firm Nansen, some recent transaction activities from Alameda Research-linked wallets are likely executed by the liquidators responsible for FTX.com bankruptcy.
Reports indicate that Alameda Research's cryptocurrency wallets resumed trading activities on Wednesday, marking the first activity since December 1 of last year. Most of the assets involved in the first batch of transactions have been transferred to two new wallet addresses belonging to unidentified owners. Nansen data reporter Martin Lee told Forkast that these two wallets received over $1.6 million in total, with half coming from wallets associated with Alameda and the other half from unknown accounts.
Some members of the crypto community suggest that the FTX restructuring team may also own these two unidentified wallets. Additionally, according to Lee, one of the wallets received 0.66 Ether ($800) from an address marked by Nansen as belonging to SBF. (Source link)
8. BlockFi Asks Court to Transfer Disputed 56 Million Shares of Robinhood to Neutral Account
According to The Wall Street Journal, the judge overseeing BlockFi's bankruptcy case has agreed to review a request made by BlockFi that could transfer the disputed 56 million shares of Robinhood to a neutral account, but the judge has not yet made a final decision, which will be ruled on in a court hearing in January 2023. If BlockFi's request is successful, these shares will be held by a brokerage or custodial account until the court proceedings determine who actually owns the disputed shares.
It is reported that BlockFi believes they should own the shares of Robinhood because they had previous transactions with FTX and Alameda Research, and Alameda Research had pledged the shares to BlockFi as collateral before FTX's collapse. Since the bankruptcy proceedings began on November 28, BlockFi has been trying to obtain and sell these shares but has not yet received approval.
Previously, on November 29, BlockFi filed a lawsuit against SBF's holding company Emergent Fidelity Technologies, seeking to recover the collateral. The lawsuit states that Emergent Fidelity, as the custodian under the pledge agreement, failed to fulfill its obligations to timely deliver the collateral to BlockFi. (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
L2 was a rare growth point in the ecosystem in 2022, with many highlights and some low points. This article from Bankless analyzes and reviews the development trends of Ethereum L2 in 2022 from multiple data dimensions and predicts that 2023 will be another explosive year for L2.
After the ups and downs of 2022, the metaverse seems to have brought little surprise to the general public, and even due to the fall of Meta's stock price, the metaverse has been labeled a "scam." However, these are more phenomena exhibited in the early stages of the industry and do not consider the perspective of development.
This article will sort and review the development of the industry over the past year from five sections: "The Hotly Discussed Metaverse," "Fundamental Theories of the Metaverse," "2022 Metaverse Industry Chain," "Top Ten Keywords of the Year," and "Outlook for 2023," organizing the past while looking forward to the future.
3. “Web3.0 Underlying Language: What Shortcomings Does Move Address Compared to Solidity?”
Why is the Ethereum ecosystem based on the Solidity language so large, while the market still has new expectations for new public chains? Move, developed by a major company (Meta), is widely regarded positively in the industry, and some public chains developed based on the Move language have received market favor and capital pursuit. For richer applications in Web3, the evolution of underlying languages is fundamental. What advantages does Move have, and what shortcomings of Solidity does it address? Based on these characteristics, the Move ecosystem may give birth to new models and applications.
Risk warning
Risk warning
