Summary of the crypto market in 2023 đđđ€
1. Beginning of 2023 with the aftermath of FTX and a challenging macroeconomic context: The Fed raises interest rates to historically high levels to curb inflation.
2. Banking collapse in March: Signature Bank, Silicon Valley Bank, Silvergate, and Credit Suisse. Bad news turns into good news as governments plan to print money for rescue efforts. Bitcoin and gold benefit as inflation hedges.
3. Giants like Blackrock and Fidelity enter the market with proposals for Bitcoin ETFs.
4. The rise of Ordinals/BRC-20 tokens pushes Bitcoin network activity to new records.
5. SEC sues Binance and Coinbase but loses the case against Ripple - Judge declares XRP is not a security.
6. Sam Bankman-Fried (SBF) is convicted on seven charges and faces a 115-year prison sentence.
7. Binance pleads guilty, pays a $4.3 billion fine, CZ resigns as CEO, and faces an 18-month prison term.
8. SOL gains momentum after the Breakpoint event, fueled by public endorsements from Cathie Wood, VanEck, and a wave of airdrops from HST projects. It increases nearly 450% in the past three months.
9. Altcoins break out - Listings and active IDOs resume. Projects release news updates and new products, breaking the stagnant state at the beginning of the year.
Merry Christmas and Happy New Year #BinanceChrismtas
