DeFi Daily News,January 2nd, 2021

1.Bitcoin Closes 2020 Near Record Highs. Bitcoin nearly triples its price in 2020 and ends the year close to $29,000 but ether gained 450%. Bitcoin (BTC) trading around $28,963 as of 21:00 UTC (4 p.m. ET), gaining 1.5% over the previous 24 hours, which trading range was between $27,916.63 — $29,280.05.

2. According to the ChainNews, data from the crypto art trading platform shows that the total transaction volume of NFT-based artworks will rise in 2020 and hit a record high of US$8.2 million in December, compared to only 2.6 million in November Dollar. Chain Wen’s Note:’s data tracks many digital art markets such as Async Art, KnownOrigin, MakersPlace, SuperRare and Nifty Gateway.

3. According to OKLink data, at 19:16 on January 01, 2021, Beijing time, Tether issued 300 million USDT on the Ethereum network. According to Tether CTO Paolo Ardoino, this additional issuance is authorized but not issued. The transaction hash is: 0x180e333633de85488e61c595f711caa44a598aa8b73f88e517c5e2593f6e26cb.

4. The founders and early investors of the decentralized synthetic asset protocol UMA announced that their tokens will be locked for an additional two years, and the development team Risk Labs Foundation currently holds more than 15 million US dollars in non-UMA token assets. The previous plan was that the founders, early contributors, and investors would allocate 48.5 million UMA tokens. These tokens cannot be transferred and circulated before 2021. The UMA founders and early investors have agreed to lock in an additional two. In 2015, a binding contract was signed, and these tokens will be linearly unlocked within two years and all will be unlocked in early 2023. Later, as the price of UMA tokens rose, the number of UMA liquidity providers gradually increased. Risk Labs withdrew from the role of UMA liquidity provider in the decentralized exchange, resulting in the amount of ETH held by it far exceeding the initial amount. In number, the Risk Labs Foundation’s vault now has a healthy surplus, and the total value of non-UMA assets exceeds $15 million.


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