Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Bitcoin pump causes over $500M in liquidations</h2>Nearly $500 million in shorts were liquidated since Friday, the highest such levels since October 2022, data from Coinalyze shows.Over 70% of traders booked losses as exchanges closed leveraged positions.Crypto exchange OKX saw $256 million worth of short losses on Friday alone, the most among all crypto exchanges, followed by $125 million on Binance and $42 million on Huobi, CoinGlass data show.Since last week, Bitcoin surged 22% to over $21,000 on strong CPI data.Source: <a href="https://www.coindesk.com/markets/2023/01/16/bitcoin-surge-causes-over-500m-in-liquidations-highest-in-3-months/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Japanese regulators want crypto regulated like traditional banks</h2>Financial regulators in Japan urged global regulators to treat crypto the same way as they do traditional banking.Deputy director-general of the Financial Services Agency’s Strategy Development and Management Bureau, Mamoru Yanase, acknowledged that the problem wasn’t with crypto but “loose governance, lax internal controls, and the absence of regulation and supervision.”The comments come in the wake of the collapse of FTX in November. Yanase confirmed that the Japanese subsidiary of FTX is expected to resume withdrawals starting in February.Source: <a href="https://cointelegraph.com/news/japanese-regulators-want-crypto-treated-like-traditional-banks" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. SHIB Team says Shibarium will launch ‘soon’</h2>The team behind Shiba Inu (SHIB) has announced the upcoming beta release of Shibarium, a layer-2 network that will operate on top of Ethereum.Shibarium will reportedly minimize costs and increase transaction speeds.As a delegated proof-of-stake (DPoS) layer-2 blockchain, Shibarium will be operated and secured via validators and delegators that stake their tokens to receive BONE rewards.Source: <a href="https://decrypt.co/119306/shib-team-says-layer-2-network-shibarium-launch-soon" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-3">#4. CoinFLEX users annoyed over leaked GTX pitch deck</h2>CoinFLEX users are irate after a pitch deck revealed that the bankrupt exchange’s co-founders were seeking funding for a new venture with Three Arrow founders Su Zhu and Kyle Davies.The pitch deck showed that Zhu, Davies, as well as Mark Lamb and Sudhu Armugan of CoinFLEX are looking to raise $25 million for a new crypto exchange called GTX.Zhu confirmed the news but said GTX was intended as a joke about the bankrupt crypto exchange FTX.Source: <a href="https://decrypt.co/119332/coinflex-users-irate-leaked-gtx-pitch-deck-three-arrows-founders" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-4">#5. Alameda wallet under liquidator control lost $11.5M</h2>The liquidators of Alameda Research have reportedly incurred at least $11.5 million in losses since taking control of Alameda's trading accounts.Arkham Intelligence reported that one wallet under their control has seen a string of “significant losses” due to liquidations, some of which were “preventable losses.”Arkham noted that an account ending in 0x997 initially had a short position of 9,000 Ether ($10.8 million) against the collateral of $20 million in USDC and $4 million in DAI, with a net balance of $15.2 million when the liquidators first took control.After two weeks however, the account’s current value now stands at “$1.1M short Ether against $1.4M USDC: net balance of $300K.”Source: <a href="https://cointelegraph.com/news/alameda-wallet-under-liquidator-control-incurred-11-5m-in-losses-arkham" rel="noopener noreferrer nofollow">Cointelegraph</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/cmccommunity" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: SHIB Team says Shibarium will launch ‘soon’, Alameda wallet under liquidator control lost $11.5M

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