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December 27, 2023

Elections, SEC Cases, DOJ Cases: What Crypto Regulation May Bring in 2024

The CoinDesk policy team is scattered throughout the world; in the final edition of this newsletter, each member explains what they’re watching in 2024 in the world of crypto regulations. Happy holidays, and we’ll see you next year!

News
December 27, 2023

Crypto Users Lost $2B to Hacks, Scams and Exploits in 2023, De.Fi Says

The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.

News
December 27, 2023

IOTA’s ShimmerEVM Bolsters Onboards Cross-Chain Capabilities With LayerZero’s Technology

The Shimmer bridge, a tool that transfers value between different blockchains that connect to LayerZero, will launch today.

News
December 27, 2023

BONK Falls 13% as Solana Ecosystem Sees Profit Taking After Memecoin Frenzy

Solana ecosystem tokens have surged several multiples in the past month. Traders could now be taking profits to rotate funds into newer plays.

News
December 27, 2023

South Korea to Make Officials’ Crypto Disclosures Public

Public officials will also be provided an asset disclosure service starting next year to report crypto and other holdings.

News
December 27, 2023

Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers

The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.

News
December 27, 2023

Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments

Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations.

News
December 27, 2023

‘Smart Money’ Is Record Long on BTC Ahead of Expected Bitcoin ETF

Bullish bets by institutional investors and knowledgeable market participants have reached an all-time high on the CME, data tracked by MacroMicro show.

News
December 26, 2023

Barry Silbert Resigns as Grayscale Chairman, to Be Replaced by Mark Shifke

Shifke is the CFO of Silbert’s Digital Currency Group, Grayscale said in an SEC filing.

News
December 26, 2023

Metis Surges 50% as Ecosystem Projects Eye $360M in Grant Rewards

Some liquidity pools built on the Metis network are offering as much as 200% in annualized fee rewards to users.

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