⚡️The world's largest cryptocurrency exchange Binance has announced a zkBNB layer 2 network (Layer 2) built on top of the BNB smart chain using ZK proofs (0-knowledge proofs).

Binance stated that the new L2 will provide increased speed as well as lower transaction fees and process between 5,000 and 10,000 transactions per second.

P/S As a reminder, BNB Smart Chain is the 3rd largest smart contract network with $5.5B in total allocated funds (TVL). Binance BNB Token is also the 5th largest crypto asset with a market capitalization of $47.4B.

⚡️Top protocols with the amount of assets placed in them (TVL - Total Value Locked)

▪️MakerDAO ~ $8.2bn, Lido ~ $7.2bn, Curve ~ $5.6bn

Just-In: Ethereum (ETH) Enters Proof-Of-Stake (PoS) Era After Successful Merge
https://bit.ly/3qLMzX7

Now the commissions in the Ethereum network are quite low, but this has nothing to do with the current transition of the blockchain to PoS.

The bear market is painful, but there are still more owners of bitcoins. Today, the record was set by the number of addresses that have at least 0.01 BTC. To be precise, according to Glassnode there are now 10,702,698 units.

In the last week, investors have been injecting more money into the cryptocurrency industry than out of it. According to CoinShares analysts, the figure for these seven days was $7 million.

So there is no activity right now. Here is the chart.

Just-In: eToro And Crypto.com To Support 1.2% Tax Burn For Terra Classic (LUNC)
https://bit.ly/3xGd4Be

The situation with options that will expire at the end of the year indicates a rather high probability of a fall in BTC to the region of $10-12 thousand. (Coinglass)

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According to representatives of Glassnode, the volume of lost bitcoins or coins in the hodle has set a maximum in the last five years. We are talking about large batches of BTC that do not move. Today, this figure is 7.49 million coins.

Owners of 50 percent of bitcoins in circulation, that is, every second coin, keep their cryptocurrency in the red. This is the lowest rate of return for BTC holders in the last two years.

The Robinhood platform now allows you to send and receive AVAX based on the Avalanche network. Recall that trading in this cryptocurrency started there in early August 2022.

Main Events in October 📆

❗️Only 3 types of assets were able to give a positive return from 2017 vs 2022.

Another metric that claims to define a macro day is the number of BTC hodlers that are in losses. Historically, 60% of the total number of investors was enough for a reversal. Now this is still relatively far away, and bitcoin needs to go lower.

Mt.Gox is back on the agenda and of course with a minus sign for the market.

Affected customers have until January 10, 2023 to register and choose a refund method. Otherwise, this procedure will be postponed and subsequently compensation will be made in yen. That is, the deadline looks as realistic as possible for the first time in a long time.

According to some estimates, if this event is successful, about $7-8 billion in crypto will enter the market. And the market reaction to this will be extremely negative.

🔝Binance Smart Chain remains the most popular blockchain among users, averaging just over 1 million daily active users over the past 365 days.

Ethereum L2 blockchains are not that popular yet. In September 2022, Arbitrum and Optimism averaged 32k and 18k daily active users compared to Ethereum L1's 392k daily active users over the same period.

Breaking: 21Shares Lists First Bitcoin ETP On Nasdaq, But There’s A Catch
https://bit.ly/3CuKSTw

⚡️NFT market volumes fell by 75.0% from $8.32 billion to $2.08 billion.

The amount of funds placed in DeFi protocols on different blockchains.