1. Few seem to be bothered by bitcoin’s volatility on Tuesday, as the №1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull. Bitcoin (BTC) trading around $26,937.67 as of 21:00 UTC (4 p.m. ET). Gaining 0.37% over the previous 24 hours, which trading range was between $25,875.05-$27,117.95.
2. On December 30, the DeFi insurance agreement Cover Protocol released a compensation plan after the attack. Cover stated that it will take the time of the first batch of additional tokens using the vulnerability as the node (that is, the height of the Ethereum block 11541218, 16:11:06 pm on December 28, 2020 Beijing time) for a snapshot.
Holders eligible for the new token include:
▪️ The liquidity provider of the COVER/ETH pool on Uniswap;
▪️ Liquidity provider of COVER/ETH pool on SushiSwap;
▪️ All COVER token holders (including those held in wallets and CEX);
▪️ All SAFE2 and SAFE not migrated;
Users eligible to apply for ETH compensation include:
COVER-ETH liquidity provider on Uniswap
COVER-ETH liquidity provider on SushiSwap
3. It is not just Bitcoin traders who profit from the bull market led by Bitcoin. Bitcoin miners are also making money. According to recent data from Glassnode, Bitcoin miners earn approximately $1 million per hour, which is the highest record since July 2019. Glassnode claims that since Bitcoin’s halving, miners’ income has increased by 185%. Considering that the “block reward is twice as much as today” in July 2019, the current miners’ income is even more impressive. One of the reasons for the increase in miners’ income is the increase in demand for data processing on the chain, which has led to a slight increase in handling fees. According to data from BitInfoCharts.com, as of December 29, the average cost of processing a Bitcoin transaction was $8.7.
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