NFTs
NFTs are not dead, these are instead experiencing a resurgence in trading volume following a two-year low.
Business
On-chain data shows that a wallet address linked to FTX has been unstaking millions of dollars-worth of SOL and transferring it to crypto exchange Coinbase.
Bitcoin
Bitcoin led the inflows into digital asset investment products last week, followed by Ethereum and blockchain equities.
BTC crossed $42,000 for the first time since April 2022 amid rising market optimism that a spot bitcoin ETF would receive approval.
Bitcoin breached the $40,000 mark for the first time in 18 months following dovish comments from the Federal Reserve and continued optimism about a potential spot Bitcoin ETF approval in January 2024.
DeFi
The Arbitrum community passed a proposal to disburse millions of extra dollars towards projects that have been approved but not funded by its STIP.
Bloomberg analyst James Seyffart expects the SEC to approve the projects en masse between January 8 and 10.
The Crypto Fear and Greed index, which aims to gauge current market sentiment, is at a level not seen since Nov. 2021.
The crypto exchange giant was already enjoying a strong month before its rival agreed to pay $4.3 billion in penalties to regulators last week.
Regulation
The presidential candidate wants to “put the Fed in its place,” reducing staff by 90% and focusing on stabilizing the dollar with a basket of “actual hard commodities” potentially including Bitcoin.
