BlockBeats news: On December 29, QCP Capital, a crypto asset trading company, released a forecast for the crypto industry in 2023. The venture capital firm believes that the Federal Reserve may continue to pressure the market to reduce the inflation rate from the high of 9% to about 2%, so it will not relax the interest rate hike and balance sheet reduction. As a result, the upside potential of bitcoin and risk assets may be limited. In addition, QCP Capital believes global markets, including bitcoin and other cryptocurrencies, could see a sharp rebound if the Fed eases monetary policy. BlockBeats previously reported that QCP Capital was affected by the FTX bankruptcy crisis in 2022, with at least $97 million of its funds stuck in FTX.

BlockBeats, December 27th, Polygon Studios CEO Ryan Wyatt said: "In 2022 Polygon has formed or expanded partnerships with OpenSea, Magic Eden, Coinbase, Robinhood and Phantom, and is involved in gaming, DeFi and music. Polygon will be deeply involved in PFP and art in 2023."

BlockBeats news, on December 26, Three Arrow Capital co-founder Kyle Davis tweeted a prediction for 2023, including: 1. SBF will plead guilty and about 100 people will be charged, but SBF will not serve time in prison in 2023; 2. Genesis and Grayscale will face class-action lawsuits, and the SEC will file criminal charges against DCG affiliates for misconduct; 3. Binance will continue to gain market share; 4. Tether will remain anchored; 5. Dubai and Singapore remain global encryption hubs.