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- 12/28/23: The Great Trump Dump 💰🧠⛏️
12/28/23: The Great Trump Dump 💰🧠⛏️
Valko
December 28, 2023
Top News
💰 Donald Trump-linked wallet sends $2.4M ETH to Coinbase
🧠 Vitalik proposes 3 ways to simplify ETH’s proof-of-stake design
⛏️ Marathon Digital was the most traded US stock in the last 24 hours
Specs’ Insights
⌐◪-◪ → Trump is dumping. Arkham Intelligence identified a Trump-linked wallet that had a peak balance of $4M.
Over the last 3 weeks, the wallet has transferred 1,075 ETH ($2.4M) to Coinbase, presumably to sell for USD fiat.
Makes you wonder, does Trump know something we don't? Or is he simply selling Ethereum's 2023 high. Buy low, sell high.
Trump's wallet still holds ~$2.2M in various tokens, including $1.4 million in $ETH, $649,000 in $WETH, $167,000 in $MAGA coin, $340 worth of $PEPE, and $145 in $JESUS.
⌐◪-◪ → It's the most wonderful time of the year, a new Vitalik just dropped!
In his new post, Vitalik proposes 3 improvements to Ethereum's proof of stake design - with a focus on reducing the number of signatures required by validators.
Vitalik's solutions are 1) decentralized staking pools 2) two-tiered staking 3) rotating set of participants.
The post is still fresh, so we’re still waiting for experts to weigh in. If you want to learn more as things unfold, join Specs Chat below.
Bitcoin miner Marathon Digital was the most traded U.S. stock in the last 24 hours, surging past Tesla, Amazon, and Apple in trading volumes.
— Cointelegraph (@Cointelegraph)
1:58 AM • Dec 28, 2023
⌐◪-◪ → Marathon Digital just did $327M in volume over the last 24 hours, higher than any other US stock.
This is hard proof that crypto has captured the attention of mainstream finance.
The stock is up an astonishing 813.82% YTD, for reference Bitcoin is only up 156.57% YTD.
Looks like the old pick-and-shovel strategy wins once again.
Everything Else
⛓️ Crypto & DeFi
Bitcoin fees outpace Ethereum’s for over two weeks, miners up big
Bitcoin options trading volume hits all-time high
Blast hits $1.1B in deposits more than 1 month before it goes live
zkSync outpaces Ethereum in monthly transaction volume
Levana Protocol exploited for over $1M on Osmosis blockchain
Swell liquid staking protocol sees $125M of inflows in December
PancakeSwap proposes to reduce CAKE supply by 300M tokens
🏦 Wallstreet & VC
Ark Invest allocates $92M to ProShares BTC futures-based ETF
Spot Bitcoin ETFs will be fully Bitcoin-backed
GBA Capital Fund to invest $10B in web3
Hashdex drops another Bitcoin ETF commercial
🏛️ Legal & Regulatory
🌎 Rest of the World
Hong Kong to approve spot BTC ETFs with 'in-kind' or 'cash creates'.
Worldcoin launches in Singapore after pausing in India
Indonesian crypto exchanges must register with new bourse
Argentina’s president declares tax incentives for crypto holdings
🖼️ NFTs & Metaverse
Pudgy Penguins wins Decrypt’s NFT project of the year
Top Blur farmer buys 374 Mutant Apes worth ~$5M
Starbucks unveils Costa Rica trip for top NFT holders
Xai Gaming token airdrop delayed
Ordinals wallet now supports BRC420 tokens