Wash Trading Accounted for Half of NFT Volume in 2022
Hello Defiers! Here’s what we are covering today!
News
- Wash Trading Accounted For Over Half Of NFT Volume in 2022: Report
- SBF’s Inner Circle Is Cooperating with Prosecutors
Podcast
Video
Today’s Sponsors
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News
NFT Trading
Wash Trading Accounted For Over Half Of NFT Volume in 2022: Report
Token Incentives From LooksRare and X2Y2 Drove Surge In Activity
By Owen Fernau
January of 2022 could be called the glory days of NFT trading. Trading volumes spiked to roughly $20B on the month, an all-time high and level that many participants in the space undoubtedly wish to return to.
However, new findings by hildobby, a pseudonymous researcher known for their proficiency with on-chain analytics, tell a different story about that time — roughly 80% of trades in January 2022 were wash trades.
Read the full story in The Defiant
FTX Case
SBF’s Inner Circle Is Cooperating with Prosecutors
Gary Wang and Caroline Ellison Plead Guilty to Fraud
Two of the closest confidants of former FTX CEO Sam Bankman-Fried are cooperating with federal prosecutors and have pleaded guilty to criminal charges, Damian Williams, the U.S. attorney in Manhattan, said Tuesday night.
Read the full story in The Defiant
Sponsored Post
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When stablecoins like USDT grow in market cap, the company behind the stablecoin profits. Glo works the same, except we donate 100% to people in extreme poverty via GiveDirectly.
Let’s show the world how crypto can give, not just take. We’re launching Q1 2023. Join the waitlist here.
Defiant Video
Daily Defiant
Recovering Cash Is Easy. Crypto, Not So Much
Defiant Podcast
BitGo’s Mike Belshe on What’s Next for WBTC & Crypto Custodians
Shoutout
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