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Unchained

2023 Crypto Year in Review: Is a Bull Market Around the Corner?- Ep. 586

Unchained

Laura Shin

Tech News, Business News, News

4.61.3K Ratings

🗓️ 26 December 2023

⏱️ 50 minutes

🧾️ Download transcript

Summary

Take the Unchained 2023 survey! Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. In 2023, the crypto industry began with post-FTX fallout such as Operation Chokepoint 2.0, the failures of banks serving the crypto industry and the SEC's Wells Notice against Coinbase. Meanwhile, Bitcoin Ordinals brought innovation to the Bitcoin network, while Ethereum's Shanghai upgrade introduced new functionalities.  The criminal trial of Sam Bankman-Fried was the dramatic climax of the year, as lawmakers’ concerns about crypto being used for terrorist financing brought crypto into the mainstream conversation. The year ended with Binance's substantial settlement with the U.S. government and spot Bitcoin ETFs in the horizon, ushering in what looks like the beginnings of another bull market.  Thank you to our sponsors! Arbitrum Foundation Uniswap Popcorn Network Links DCG Unchained: Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy? Reuters: Crypto lending unit of Genesis files for U.S. bankruptcy CELSIUS Unchained:  7 Revelations From Celsius’ Examiner Report Why the Celsius Examiner Report Shows 'a Complete Disaster in Almost Every Way' Operation Chokepoint 2.0 WSJ: Regulator Orders Crypto Firm Paxos to Stop Issuing Binance Stablecoin The Verge: Kraken pays a $30 million fine and shuts down crypto staking in the US Unchained:  Coinbase’s Top Lawyer Calls SEC Wells Notice a ‘Massive Overreach’ Just a Coincidence? Coinbase and Polygon Lawyers See Bad Omens in SEC Crackdown Bitcoin Ordinals Unchained:  Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? Bitcoin’s Daily Transaction Fees Surpass Ethereum’s for First Time Since 2020 Signature, Silvergate, SVB, USDC depeg Investopedia: What Happened to Silicon Valley Bank? CNBC: Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure Unchained:  The Chopping Block: Was Crypto Just Debanked? Why Caitlin Long and Meltem Demirors Are Worried About Crypto’s Future in the US - Cryptocurrency SEC Issues Coinbase a Wells Notice Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’ Reuters: Signature Bank failure due to 'poor management,' US FDIC report says The Verge: Silvergate has collapsed Ethereum’s Shanghai upgrade Unchained:   Shapella in the Rearview: After Major Upgrade, What’s Next for Ethereum?  Staked Ethereum Withdrawals Enabled As Shanghai Upgrade Goes Live CoinDesk: What’s Next After the Ethereum Shanghai Upgrade Known as Shapella PROMETHEUM Unchained:  Prometheum and Paradigm in Debate: Can the Status Quo Work for Crypto These 2 Crypto Trading Platforms Agree With SEC Chair Gary Gensler Crypto Community Unearths Questionable History of SEC-Aligned Prometheum - Cryptocurrency Regulation SEC vs. Binance and Coinbase Unchained:  SEC Files 13 Charges Against Binance Including the Mishandling of Funds, Sale of Unregistered Securities SEC Sues Coinbase for Breaking Securities Laws SEC Sues Binance, Coinbase: ‘This Is Not the End of Crypto in the United States’ RIPPLE Unchained:  New Order in SEC vs. Ripple Over XRP Is a Win for Crypto: What Happens Now? The Chopping Block: Jake Chervinsky on How the SEC Has Lost Credibility CoinDesk: Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP Visit our site to see more details and links! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi all, happy bull market.

0:05.0

As we end 2023, this past year felt like we were still closing the chapter on

0:10.8

2022, and frankly, even the chapter on the entire 2020-21

0:16.0

bull cycle not only because of things like Operation Choke Point and because of

0:20.6

the various bankruptcies arrests and one big trial,

0:24.6

we're looking at USBF.

0:26.4

But also because prices, volume, and activity largely dwindled,

0:31.2

with the last gas supply some layoffs coming this fall.

0:35.0

And yet, as brutal as this crypto winter was,

0:38.0

probably the harshest that I've covered.

0:40.4

And even though most Normies believe crypto is dead.

0:43.0

Not only has it not ended with a whimper,

0:46.0

but in January, it looks like we're gearing up for what will be a very strong start

0:51.0

to a bull market,

0:52.0

with Spot Bitcoin ETSFTS likely to launch very soon.

0:56.1

We'll have more on all the upcoming excitement and look forward next week. But first we'll

1:01.2

look back on this year.

1:02.8

Refresh our memories, have some fun,

1:04.8

and assess how various predictions bore out.

1:09.2

If you like the Unchained Podcast,

1:11.2

get more interviews with up-and- coming projects or inside scoops on the news

1:14.8

that don't quite make it to the main show by standing up for our premium subscription.

...

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