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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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DCG
Unchained: Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?
Reuters: Crypto lending unit of Genesis files for U.S. bankruptcy
CELSIUS
Unchained:
7 Revelations From Celsius’ Examiner Report
Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way'
Operation Chokepoint 2.0
WSJ: Regulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin
The Verge: Kraken pays a $30 million fine and shuts down crypto staking in the US
Unchained:
Coinbase’s Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach’
Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown
Bitcoin Ordinals
Unchained:
Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About?
Bitcoin’s Daily Transaction Fees Surpass Ethereum’s for First Time Since 2020
Signature, Silvergate, SVB, Bank Failures and USDC Depeg
Investopedia: What Happened to Silicon Valley Bank?
CNBC: Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
Unchained:
The Chopping Block: Was Crypto Just Debanked?
Why Caitlin Long and Meltem Demirors Are Worried About Crypto’s Future in the US - Cryptocurrency
SEC Issues Coinbase a Wells Notice
Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
Reuters: Signature Bank failure due to 'poor management,' US FDIC report says
The Verge: Silvergate has collapsed
Ethereum’s Shanghai upgrade
Unchained:
Shapella in the Rearview: After Major Upgrade, What’s Next for Ethereum?
Staked Ethereum Withdrawals Enabled As Shanghai Upgrade Goes Live
CoinDesk: What’s Next After the Ethereum Shanghai Upgrade Known as Shapella
Prometheum
Unchained:
Prometheum and Paradigm in Debate: Can the Status Quo Work for Crypto
These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler
Crypto Community Unearths Questionable History of SEC-Aligned Prometheum - Cryptocurrency Regulation
SEC vs. Binance and Coinbase
Unchained:
SEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities
SEC Sues Coinbase for Breaking Securities Laws
SEC Sues Binance, Coinbase: ‘This Is Not the End of Crypto in the United States’
Ripple
Unchained:
New Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now?
The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility
CoinDesk: Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP
Bitcoin ETFs
Unchained:
Grayscale Wins Lawsuit Against SEC Over Denial of Bid to Convert GBTC Into a Bitcoin ETF
Does Grayscale’s Win Against the SEC Mean a Spot Bitcoin ETF Will Be Approved?
Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10
How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection
Why Financial Advisors Are So Excited About a Spot Bitcoin ETF
Market Forecaster Raoul Pal Says There’s a Good Chance Bitcoin Will Hit $100K-$200K in 2024
Why Swan CEO Cory Klippsten Is Still Convinced That Bitcoin Is Headed to $1 Million
SBF Trial
Unchained:
How Heated Sidebars During the SBF Trial Could Impact the Jury’s Decision
While Wang Reveals Alameda’s Special Privileges
Sam Bankman-Fried Trial: Here’s Everything That Happened So Far
Did Sam Bankman-Fried Have Intent to Defraud FTX Investors?
A 20+ Year Sentence? Why the Evidence Against SBF Was Too Hard to Overcome
Terrorism in crypto
Unchained: How Much Money Are Terrorists Actually Raising in Crypto?
WSJ: Hamas Militants Behind Israel Attack Raised Millions in Crypto
Binance settlement
Unchained:
How Binance Will Open All Its Activity to the U.S. Government
Binance to Pay $4.3B Penalty to Resolve U.S. DOJ Criminal Investigation; Changpeng Zhao Resigns, Pleads Guilty to Money Laundering Charges
WSJ: Binance Penalties Include a Number of Crypto Industry Firsts: The Treasury Department’s FinCEN is imposing its first-ever monitorship on the cryptocurrency exchange
Points systems
Unchained: Crypto Points Systems Are a 100x Opportunity, But Founders, Be Wary
Li’s Newsletter: Lessons on Points Programs for Crypto Apps