Is It All Set for a Bull Market? 🚀
🎙️ Don't miss today's episode reviewing the most iconic moments of 2023 👀
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In 2023, the crypto industry began with post-FTX fallout such as Operation Chokepoint 2.0, the failures of banks serving the crypto industry and the SEC's Wells Notice against Coinbase.
Meanwhile, Bitcoin Ordinals brought innovation to the Bitcoin network, while Ethereum's Shanghai upgrade introduced new functionalities.
The criminal trial of Sam Bankman-Fried was the dramatic climax of the year, as lawmakers’ concerns about crypto being used for terrorist financing brought crypto into the mainstream conversation. The year ended with Binance's substantial settlement with the U.S. government and spot Bitcoin ETFs in the horizon, ushering in what looks like the beginnings of another bull market.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Fountain, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Or Watch it on YouTube.
Daily Bits…✍️✍️✍️
🔄 Mt. Gox began repaying some creditors through PayPal, following their previous announcement to distribute cash repayments, as confirmed by users on Reddit and Telegram.
⏳ zkSync Era, an Ethereum layer-2 network, experienced a four-hour outage due to a server bug, now resolved and fully operational again.
💸 Telcoin suffered a $1.2M exploit linked to a Polygon wallet issue, resulting in a 40% price drop of TEL token; user balances to be restored.
📉 Bitcoin's dominance in crypto futures trading dropped to 38%, with traders increasingly favoring altcoins, marking Bitcoin's lowest share in two years.
🚨 MS Wallet Drainer malware stole over $58 million in crypto through Google and X ads phishing, affecting over 63,000 victims since March.
🏦 The Reserve Bank of India maintained its opposition to legalizing cryptocurrencies, citing no economic benefit and potential risks to macroeconomic stability.
Today in Crypto Adoption...
☕ Starbucks Korea will issue NFTs on Polygon starting January 2024, encouraging reusable cup usage with "eco-stamps" redeemable for limited-edition NFTs.
The $$$ Corner…
🤝 Crypto venture capital funding in 2023 plummeted by 68% to $10.7 billion, compared to $33.3 billion in 2022, although still surpassing previous bear market investments.
What Do You Meme?
Recommended Reads
Unchained: What Is Crypto Basket Trading? A Guide to Invest in Token Baskets
The Block: Asia's crypto regulatory landscape changed in 2023 with Hong Kong at the lead
Blockworks: Where crypto’s major bankruptcies stand right now
📈 Your Market Update 📉
BTC is down 1.1%, trading at $43,157
ETH is down 1.5%, trading at $2,267
BTC dominance: 48.18%
Crypto market cap: $1.73T
*All data as of today, 06:20 am ET
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Great wrap up of the year!