undefinedBitcoin, Ethereum and DeFi haunted us for sure in the past week. There's a review about some major news in the crypto sector as followed:

As per a Bloomberg report, creditors can claim up to 90% of the remaining BTC from Mt. Gox, a famous Bitcoin exchange in Japan, declared bankruptcy in 2014. It's part of the agreement between MGIFLP, part of Fortress Investment Group, and Nobuaki Kobayashi, the Mt.Gox bankruptcy trustee.

Recently, UBS Wealth, one of the largest asset management companies in the world, published research. This research believes that the value of crypto digital currency is likely to go to zero due to regulatory measures and competition arising from the emergence of better designed versions.

"Alt Season" is a part of the cryptocurrency market cycle. Many altcoins exchange rates against Bitcoin have risen rapidly. The most typical example is the bull market in altcoins from late December 2017 to early January 2018. The short-term altcoin bull market is both heaven and hell, since some people make a lot of money, while others lose a lot.

Jack Ma, the founder of Chinese e-commerce group Alibaba, has made his public appearance for the first time since October, bring the three months' constant speculation about his whereabouts to a close.

The Founder of Uniswap Asks the Crypto Community on How to Spend $500M
Hayden Adams, the founder of Unsiwap, has used ccrypto-twitter to get feedback on how DEX should allocate its $500 million governance treasury. After Uniswap's native UNI token rebounded to an all-time high of $7.10 last week, the current transaction price is $9.30, and the current vested of Uniswap's warchest has exceeded $500 million.undefined
Biden to Nominate Former Ripple Advisor as Comptroller of the Currency.
A per a report from the Wall Street Journal today, President Biden is expected to nominate Michael Barr as the Comptroller of the Currency. Like his predecessor, Barr will bring cryptocurrency experience to the Office of the Comptroller of the Currency, or OCC, which regulates national banks and credit unions.

DeFi Boom Drives The Emerging Near Protocol (NEAR) to Rally 106%
Near Protocol (NEAR), a smart contract platform, adopts parallel processing to scale the network. Known as sharding, this technique resembles what ETH 2.0 is trying to achieve and Near's proof-of-stake consensus mechanism also enables token holders to stake their coins. 

DeFi Recapturing Interests, Curve (CRV) Surges 50% Within One Day
Since the beginning of 2021, most decentralized finance (DeFi) tokens have experienced extremely strong rallies. As per crypto-asset analyst Ceteris Paribus, since the start of the year - almost two weeks ago, the average DeFi large-cap has experienced 75 percent gains, which includes coins like Aave (AAVE), Compound (COMP), SushiSwap (SUSHI), and more. However, there is one crypto-asset out of this rally - Curve DAO Token (CRV).undefined
Uniswap, the leading decentralized exchange, or DEX, keeps leading the sector as it is close to an average of $1 billion a day trading volume for the month of January. As the month has merely gone its two-thirds, the platform has already outpaced the previous monthly trade volume record of $15.3 billion made in September during the DeFi boom. The DEX hit $17 billion up to this morning and is on track to surpass $25 billion by the end of January with a daily average of $855 million. 

DeFi Tokens Surge As Bitcoin Seeks the Support Near $35K
Bitcoin is eyeing $35,000 as its support level after dropping 7.4% in the later hours of January 19. Seemingly the correction was major resulted from an overheated derivatives market and uncertainty over whether BTC can recapture the $40,000 level. As per data from TradingView, the price of Bitcoin (BTC) fell as low as $33,400 prior to recovering to the $35,000 level.

As per a new report from CoinShares - crypto fund provider, a couple of institutional investors have been realizing profits during BTC's recent consolidation. CoinShares' weekly digital asset flows report ensures $85 million in outflows from institutional crypto products this past week, asserting the data suggests "some investors are continuing to take profits after [BTC's] strong price appreciation."

Bitcoin Will Slump Half? No, It Is Still Not All Clear
Despite entering a consolidation period for a week, Bitcoin has still made a strong performance within the short 2021. However, last week, Deutsche Bank AG released a survey among 627 professional institutional investors, 89% of which believed some assets in the financial market are at bubble stage and pointed out Bitcoin and US technology shares as the biggest bubbles. 

ETH shows an amazing upward trend at the beginning of this year. The opening price of ETH on January 1 was $736.42, while it reached $1438 on Jan. 19. The year-to-date increase has exceeded 90%, however, BTC has increased by 28% during the same period.undefined
As per a new report from Messari - cryptocurrency data provider, China still undisputedly takes the lead in the Bitcoin market. The report focuses on funds, exchanges and trading habits in Asia, the world's largest cryptocurrency market. The most influential country in the region, China, is still maintaining its momentum in spite of the regulatory crackdown.

Binance Coin (BNB) has been rallying higher in a quiet manner in the last 6 months, up 189% during this period and reaching a new all-time high at $46.90 on Jan. 18. This peak in price happened just one day prior to the burning of its quarterly token, allowing investors to doubt whether BNB price will move higher once the event completes.  

As an offline mapping application that boasts more than 140 million users across the world, Map.me has raised $50 million in a seed funding round which is led by Alameda Research, a Hong Kong-based investment firm and liquidity provider. At the same time, Genesis Capital and CMS Holdings took part in this round. 

Tor-enabled Bitcoin Nodes Are Back to Normal Following a Full-swing Crash
Tor-enabled Bitcoin (BTC) nodes come back to normal after almost a full-swing crash in early January 2021, as per the latest data from node monitoring resource Bitnodes. As of Jan. 13, the number of reachable Tor-based BTC nodes totaled 2,581, an incredible increasing trend from 122 nodes on Jan. 9.