ChainCatcher news, according to data disclosed by Gemini, the trading volume of centralized cryptocurrency exchanges in August increased by approximately 6.6% month-on-month, reaching $1.2 trillion. The trading volume of North American exchanges grew by over 21% compared to July.

ChainCatcher news, according to a new report from CoinGecko, January 2023 was the second highest month for cryptocurrency layoffs, with a new wave of layoffs hitting the industry, leaving up to 2,806 people unemployed. According to the study, due to "the bear market and challenging global macroeconomic conditions continuing to squeeze company profits," the total number of layoffs in the crypto industry last month may also push the total layoffs for 2023 to exceed nearly 7,000 from last year.It is reported that in January's data, centralized cryptocurrency exchanges accounted for 84% of the total layoffs. Researchers pointed out that the decline in trading volume and revenue were the main reasons behind the layoffs. Major crypto exchanges that announced layoffs in January include Huobi, Coinbase, Blockchain.com, Crypto.com, and Luno. For some of these companies, last month was not the first wave of layoffs, as companies like Coinbase and Crypto.com first laid off employees in June 2022. (source link)

According to ChainCatcher news, as reported by Cointelegraph, the "wash trading" paper released by the National Bureau of Economic Research (NBER) in the United States points out that after studying 29 centralized cryptocurrency exchanges, it was found that on average over 70% of the trading volume on the platforms is wash trading, with 12 "secondary exchanges" even reaching 80% of total trading volume in wash trading. Researchers claim that wash trading has short-term motives and often affects the rankings of exchanges on data and statistics websites like CoinMarketCap, as well as the short-term prices of cryptocurrencies.The exchanges studied in the paper include: Bitstamp, Coinbase, Gemini, Binance, Bittrex, Bitfinex, HitBTC, Huobi, KuCoin, Liquid, Okex, Poloniex, and Zb. (source link)