A month in crypto is never dull. Here's an overview of this month's main events.
December 1st to December 9th:
- US crypto industry lobby spending on track for new record in 2023
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- SEC delays Grayscale spot Ethereum ETF conversion
Update: As expected @Grayscale's Ethereum trust filing just got delayed. It was due by 12/6/23 so this is completely normal. pic.twitter.com/I6LXMZIGGN
— James Seyffart (@JSeyff) December 5, 2023
- Coinbase rolls out money transfers via links sent on WhatsApp, TikTok and Instagram

- Japan weighs ending tax on some corporate crypto holdings
- Coinbase app ranking in the App Store remains flat
Coinbase ranking in the App Store is still basically flat. Retail hasn't shown up at all. https://t.co/YtUsjwcHA8 pic.twitter.com/LW7NMp6Vgp
— mhonkasalo (@mhonkasalo) December 4, 2023
- Société Générale to become first big bank to list a stablecoin

- US district judge accepts plea deals agreed by Binance, former chief Changpeng Zhao and Justice Department -court filings
- Robinhood launches crypto trading app in Europe

December 10th to December 17th:
- If the current Bitcoin price rally marks the start of a new and prolonged bull market, the recovery will be significantly quicker than in previous cycles
A faster recovery than previous cycles? 📈
— K33 Research (@K33Research) December 7, 2023
If the current price rally marks the start of a new and prolonged bull market, the recovery will be significantly quicker than in previous cycles.
There are rational arguments for this recovery being faster than the past cycles. The… pic.twitter.com/oCY4Nw2yxg
- World’s first Bitcoin bonds receive regulatory approval in El Salvador

- As Bitcoin's price rises at the fastest pace in years, open interest has surged even amidst large liquidation events.
Open interest hit $10.2bn last week, its highest level since March 2022
📈As #BTC 's price rises at the fastest pace in years, open interest has surged even amidst large liquidation events.
— Kaiko (@KaikoData) December 11, 2023
Open interest hit $10.2bn last week for perpetual futures contracts on Binance, Bybit, OKX, and Deribit, its highest level since March 2022. pic.twitter.com/56Aim1FKjN
- Coinbase to offer spot crypto trading outside US in global expansion

- Cumulative price changes during US and Asian business hours suggest that demand for Bitcoin is coming from both the West and the East
- Ledger library confirmed compromised and replaced with a drainer
🚨 ledger library confirmed compromised and replaced with a drainer. wait out interacting with any dapps till things become clearer.https://t.co/xapunW8zC3 pic.twitter.com/NlAc11vhdv
— banteg (@bantg) December 14, 2023
- Ledger and WalletConnect can confirm that the malicious code was deactivated. You are now safe to use your Ledger Connect Kit
UPDATE: The genuine Ledger Connect Kit 1.1.8 is now fully propagated. Ledger and WalletConnect can confirm that the malicious code was deactivated. You are now safe to use your Ledger Connect Kit. Reminder that that we always encourage clear signing.
— Ledger (@Ledger) December 14, 2023
- Tether: We’ve onboarded FBI, Secret Service to our platform

December 18th to December 25th:
- Despite the tumultuous macroeconomic environment in 2023, Bitcoin recorded its lowest annualised volatility in history, standing at 41.53%
- Throughout 2023, Kraken boasted the deepest average BTC order book, with bids and asks totaling $32.9 million. Coinbase followed in second place with an average depth of $24.3 million, while Binance's average daily depth is shown in red for context

- Bitcoin transaction fees hit their highest level of all time. $23.6 million of fees in one day
Wow, Bitcoin transaction fees just hit their highest level of all time.
— Reflexivity Research (@reflexivityres) December 18, 2023
$23.6 million of fees in one day. pic.twitter.com/xZ1mgLDNDA
- Ledger to reimburse affected users, plans to sunset Blind Signing with Ledger devices by June 2024
We are 100% focused on following up to last week’s security incident, making sure incidents like this are prevented in the future, and that the ecosystem remains safe.
— Ledger (@Ledger) December 20, 2023
We are aware of approximately $600k in assets impacted, stolen from users blind signing on EVM DApps.
Ledger…
- U.S. Court of Appeals confirms decision from August 18, 2023, to seize approximately 69,370 Bitcoins and other crypto assets obtained from the Silk Road case
U.S. Appeals Court just mandated the forfeiture of ~69,370 Bitcoins & other cryptos from Silk Road case, finalizing August 18, 2023 judgment.
— Summers (@SummersThings) December 20, 2023
Today's forfeiture mandate is related to these coins: bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6 pic.twitter.com/Q7d0DwJhp3
- Coinbase secures crypto license in France, expanding further in Europe amid rift with the SEC

- Argentina's new government gives early nod to Bitcoin, says crypto can be used in contracts

- Nigerian central bank lifts ban on crypto trading
https://www.reuters.com/world/africa/nigerian-central-bank-lifts-ban-crypto-trading-2023-12-23/
December 26th to December 31st:
- Japan seeks to exempt companies from tax on unrealized crypto gains

- Mt. Gox reportedly starts repaying some creditors via PayPal

- MicroStrategy has acquired an additional 14,620 BTC for $615.7 million at an average price of $42,110 per Bitcoin between Nov 30 and Dec 26
https://www.sec.gov/ix?doc=/Archives/edgar/data/1050446/000119312523303488/d517550d8k.htm
- India’s Financial Intelligence Unit issues compliance notices to offshore crypto exchanges including Binance, Kraken

- Canadian crypto exchange Catalyx suspends trading, withdrawals following 'security breach'

- Vitalik Buterin shares updated 2024 roadmap for Ethereum

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