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- 🚨 DCG Reshuffles Grayscale
🚨 DCG Reshuffles Grayscale
In today’s edition: 💸 Mt. Gox's double payouts, 💥 Solana DeFi, 📉 Thunder Terminal hacked, and more!
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What’s Poppin’?
by Jeanhee Kim and Brandy Betz
The Digital Currency Group-owned crypto asset manager, currently a spot bitcoin ETF candidate, has named two other DCG execs and its own CFO to the board.
Users report receiving notices from the Mt. Gox rehabilitation trustee requesting the return of duplicate reimbursements.
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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.
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Daily Bits…✍️✍️✍️
🚨 Thunder Terminal experienced a security breach, losing 86.5 ETH, impacting a small fraction of wallets, with a commitment to refund affected users.
📝 Hong Kong introduced a plan requiring licenses for issuers of fiat-linked stablecoins, alongside a sandbox for guiding compliance.
🔍 South Korea mandated that senior officials disclose their cryptocurrency assets from next year, enhancing the transparency of public service.
📈 Solana's DeFi activity surged, with record-breaking trading volumes on its decentralized exchanges, spurred by token airdrops.
📊 In the wake of Mt. Gox's repayment activities, crypto market traders faced significant losses, totaling $190M, especially in altcoin futures.
📈 The value of the Metis token jumped 50%, buoyed by enthusiasm over grants for its network projects, marking a substantial increase in a month.
💼 Changpeng Zhao, Binance's founder, saw his wealth increase by $25 billion in 2023, despite facing legal challenges, reaching a net worth of over $37 billion.
What Do You Meme?
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📈 Your Market Update 📉
BTC is up 1.3%, trading at $43,185
ETH is up 1.7%, trading at $2,276
BTC dominance: 48.14%
Crypto market cap: $1.75T
*All data as of today, 06:00 am ET
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