LONDON (Bywire News) – According to Bullish, the maximum trading volume (24 hours) on December 2022 was $669,806,901 (39.868 BTC). Requests for information from US law enforcement agencies and international agencies have been at their highest ever from Q4 2021 to Q3 2022. The US had the highest number of requests with 4,736, followed by the UK with 1,740 and Germany with 1,668. In addition, year-on-year, the number of exchange-related requests by regulators rose by 66%.
In terms of Non-Fungible Tokens (NFTs), November was the worst month this year for volume, with activity dropping 90% from its peak in January. Ethereum had the highest market share, with LooksRare owning 78% of the total market over the past 30 days. X2Y2 was the highest in terms of wash trading, with 98% and 87% respectively.
The US equity markets and the macro market had a turbulent week. After the Federal Reserve raised interest rates by 50 bps on Wednesday, the S&P 500 kept a bearish outlook. The Dow and Nasdaq Composite both closed lower the following day, and the indices dropped for the fourth consecutive day. Relief was felt on Tuesday, as the S&P 500, Dow and Nasdaq Composite all rose slightly. On Thursday, the indices experienced a strong rally, driven by the highest levels of consumer confidence data since 2000. On October 31, however, the indices plunged again, erasing two days of gains.
Other developments this week include two Ethereum whales transferring a combined value of almost $30 million worth of ETH to Binance US winning the bid, Voyager Digital Ltd, QuadrigaCX wallets linked to 104 BTC being moved, SBF signing extradition documents and FTX announcing that legal means can be used to claim donations and political contributions. Furthermore, Caroline Ellison and Gary Wang both pleaded guilty and are cooperating with authorities to combat federal fraud. The US Federal Judge is also investigating the Justice Department’s SBF. Lastly, Ankr Protocol confirmed that the blog post is now live. In December, an employee of the project carried out the attack.
Cryptocurrency Disclaimer Warning:
This is not an investment advice. Investing in cryptocurrencies can be dangerous and may not be suitable for all investors. Cryptocurrency prices can fluctuate greatly, and you could lose a lot of money. Before making an investment, it is important to assess your financial situation and goals. If necessary, seek professional financial advice. You should also be aware that cryptocurrency investing can pose risks such as market volatility, regulatory changes and security threats. Additionally, cryptocurrency investments can lead to liquidity problems.
By reading this, you acknowledge that you have reviewed and understood this warning and disclaimer before investing in cryptocurrency. Investment decisions can lead to losses, and you are solely responsible for them.