In today’s briefing:
- What to Watch in 2023
- CEL Token Inflated By Insiders
What to Watch in 2023
- Investors will remember 2022 as the first real credit crisis that bitcoin and the broader crypto space have suffered. In historical terms, it was a significant year.
- The ensuing deleveraging eliminated many entities that got overzealous in the bull market and didn’t adjust their strategies to new market conditions.
- Almost the entirety of those now-insolvent entities were centralised conduits to the world of blockchain and digital assets.
CEL Token Inflated By Insiders
- Price Movements: DYDX has rallied 130% since the decentralized exchange announced they would postpone a planned unlock for the token.
- Market Liquidity: BUSD’s market share has held steady since Binance admitted to mismanaging reserves.
- Derivatives: The open interest to market cap ratio suggests Optimism’s OP token is highly leveraged.
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