On-chain data shows Bitcoin whales have continued to shave off their holdings in recent weeks, suggesting that the current lows may not be attractive enough to them.

The Lightning Network, Bitcoin’s layer 2 scaling platform, has a privacy problem. Receiving payments, requesting refunds, and opening and closing payment channels (connections between Lightning nodes) – all raise privacy concerns for users of the payment network.

In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset’s market capitalization has dropped down to the 26th largest position among the most valuable assets and companies worldwide.

The Bureau of Labor Statistics has released Producer Price Index (PPI) data for November showing a month-over-month increase of <a href="https://twitter.com/tier10k/status/1601207615253614592">0.3%</a>.

As a response to the financial freedom it delivered to the masses, Central Banks deployed their new weapons of economic destruction: CBDCs. A modern authoritarian financial tool to further diminish economic freedom.

The Non-fungible token (NFT) bubble seemed to have busted as its number of active users fell by 88.9% and the total market cap declined by 42% from a high of $35 billion to $21 billion.

According to statistics sourced from data aggregator YCharts, seven digital currency funds issued by asset manager Grayscale Investments are currently at a discount of 34% to 69% to their net asset value, or NAV. Holdings tracked in the analysis include the Grayscale Bitcoin Trust; Ethereum Trust, Ethereum Classic Trust, Litecoin Trust, ZCash Trust, Horizen Trust, Stellar Lumens Trust, and Livepeer Trust.

The <a href="https://cryptonews.com/coins/bitcoin/">Bitcoin</a>-focused development and infrastructure firm <a href="https://cryptonews.com/tags/blockstream/">Blockstream</a> is seeking fresh funds at a valuation that “may be below $1 billion,” or about 70% lower than its most recent funding round in 2021, according to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2022-12-06/crypto-firm-blockstream-seeks-fresh-funding-at-a-lower-valuation-in-tight-market" target="_blank">report</a>.

Binance.US&nbsp;says it has immediately eliminated trading fees for Ethereum (ETH).

ClimateTech Vice Chair Daniel Batten’s recent analysis revealed that 29 mining companies constitute 16.48% of the whole Bitcoin (BTC) network and run on 90-100% clean energy. This percentage also shows that 52.2% of all BTC network use clean energy.