ChainCatcher news, according to the official announcement, Huobi has announced that it will join the BTTC (BitTorrent Chain) ecosystem and support the development of Layer 2 networks based on BTTC to promote the creation and improvement of an on-chain open financial system.It is reported that BTTC, as the L2 solution for Ethereum, TRON, and BNB Chain, will introduce ZK (Zero-Knowledge Proof) technology this year, enabling users to build decentralized applications anywhere and providing a secure, low-cost, and fast development environment for DApps, thereby creating an open on-chain ecosystem for everyone. (Source link)

ChainCatcher message, according to data provider Kaiko's research on Monday, since 2020, the cryptocurrency exchange Huobi has lost 18% of its market share and faces a "daunting challenge" to regain it. According to the data, by the end of 2022, Huobi accounted for 4% of the entire trading market, down from 16% in 2021 and 22% in 2020. (Source link)

ChainCatcher news, according to reports from Wu, all employees of Huobi will cancel their year-end bonuses. Currently, there are about 1,200 employees at Huobi, and the plan is to streamline the team, reducing it to 600 to 800 people. High-salary employees will renegotiate their salary structure, and reimbursements will also be indefinitely suspended.Previously, in October, it was reported that the number of Huobi employees reached 1,600, and Sun Yuchen was very dissatisfied, planning to carry out large-scale layoffs. (source link)

ChainCatcher news, Huobi announced that it will jointly issue the "Huobi Visa Card" globally with Visa. The card will be linked to Huobi accounts, allowing users to use the virtual asset balance in their Huobi accounts to pay for or exchange goods and services at 80 million merchants worldwide that support Visa. It will initially be available in the European market and will later be expanded to other regions. (Source link)

ChainCatcher news, Huobi announced that the total number of HT destroyed in November was 266,000 (approximately 1.782 million USDT), an increase of 15.94% compared to October. As of December 15, 2022, the Huobi platform has destroyed a total of 296.02 million HT, with a monthly circulation shrinkage rate of approximately 0.12%, and the current total supply is 203.98 million HT.In addition, the Huobi platform announced an upgrade to the HT destruction mechanism, changing from a monthly destruction to a quarterly destruction. This mechanism will officially take effect starting in the first quarter of 2023. Under the new destruction mechanism, the Huobi platform will announce the total number of HT destroyed for October, November, and December 2022 on January 15, 2023. The total number of HT destroyed for January, February, and March (i.e., the first quarter of 2023) will be announced on April 15, 2023, and thereafter, the destruction quantity for the previous quarter will be announced on the 15th of the first month of each quarter. (source link)