Daily Market Update: December 27, 2023

December 27, 2023

BTC is currently trading around $43,000 and ETH around $2,350. Notable gainers in the last 24 hours are BSV, ASTR, and OP. The global crypto market cap is ~$1.76T, up 1.5% over the last day. DeFi Total Value Locked is ~$53b and BTC dominance is around 51%.

Notable news includes: MicroStrategy acquired 14,620 more bitcoin for ~$616m; Grayscale amended its ETF filing to meet the SEC’s cash-only redemption demands; Mt. Gox has reportedly paid some creditors twice due to a “system issue”; South Korean officials will be required to disclose their cryptoassets in 2024; a Taproot Wizards contributor created a script so Ordinals “haters” can reject Ordinals transactions, giving them the tools to “purify” their nodes of Inscription if they’d like; Kyber Network cut 50% of its staff following its nearly $50m exploit; Rabby warned that a fake Rabby Wallet was discovered in the App Store; and, onchain trading platform Thunder Terminal was exploited for ~87 ETH.

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Matt Kunke, Research Analyst | TwitterTelegramLinkedIn
Brian Rudick, Senior Strategist | TwitterTelegramLinkedIn

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