Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements, to industry news, and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Happy New Year, dear Ndaxers! Here’s hoping you celebrated the end of a most difficult (yet productive) year safely and memorably, well surrounded, and well celebrated! If you’re reading this, congratulations: You’ve survived crypto’s hardest bear market on record. And you are now (ostensibly) a stronger investor for it. The last week of 2023:
Hint: It wasn’t Michael Saylor. Just a few days short of the new year and a few weeks shy of an ostensible Bitcoin ETF approval, the CEO who oversees the largest Bitcoin fund in the world... stepped down. No one knows at this point why Barry Silbert, CEO of Greyscale Investments (which famously won their court battle this year against the SEC—do the words “arbitrary and capricious” ring a bell?) resigned last week (and, as you can imagine, there has been rampant speculation.) Silbert, the CEO of Grayscale’s parent company Digital Currency Group (DCG), has not commented on the resignation. Mark Murphy, another Grayscale board member, has also joined Silbert in leaving the board. Both resignations are set to go into effect today. Mark Shifke, DCG’s current CFO, will replace Silbert as Grayscale’s chairman, according to the company. Decrypt
Hint: This wasn’t not Michael Saylor. Perhaps unsurprisingly, Saylor is back at it and has added another 14,620 BTC to MicroStrategy's books last week, totaling $615M US. Saylor has spent the last 3.5 years conducting an out-in-the-open all-out speculative attack on the dollar, and his bold play has thus far netted his company a couple of cool billion in unrealized profit. MSTR is now sitting on almost $6B (189,150 BTC) and their stock has rallied over 300% in 2023 alone. MicroStrategy's Executive Chairman, Michael Saylor, announced via Twitter that the company acquired this last tranche of Bitcoin at an average price of $42,110 per unit. The entire holding was obtained at an average price of $31,168 per BTC. Coindesk
Market Summary
Performance
Top Weekly Movers @ Ndax
Who was the top-performing asset on Ndax last week?
But the top performing asset—coming a little out of left field—was Play2Earn Axie Infinity's AXS token, which was up by a quarter. AXS rallied into the double digits to trade above CA$12, bringing it up just shy of 50% y/y. Axie’s is ranked #65 by market cap, which now stands at around $1.26B US.
As of 01/01/2024 at 1:00:00 AM EST, values in CAD.
Keep an eye on the market here 👉 Cryptocurrency Prices
In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in:
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Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.