🦎🚀 Who unplugged the blockchain? 🔌

Tuesday, December 26, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

The Market Never Sleeps

During periods when global capital markets shut down, such as on Christmas Day and New Year's Eve, crypto brokerage firms, market makers, and over-the-counter trading desks continue operating, accepting orders, and maintaining liquidity.

Notably, liquidity providers like Wintermute and GSR are required to maintain a constant presence, even on holidays like Christmas Day, serving as liquidity sources and managing over-the-counter trading desks.

In other news, Japan plans to eliminate taxes on unrealized cryptocurrency gains, zkSync faces an unexpected outage on Christmas day, and Sotheby's reports digital art sales totaling $35 million for 2023.

Read on!

Top Airdrops 2023

Out of the 50 biggest airdrops, 13 took place this year.

The biggest airdrops of 2023 are currently: Arbitrum ($1.97 billion), Celestia ($0.73 billion) and Blur's first airdrop ($0.45 billion).

24h Hot Searches Worldwide 🔥

Baby Grok (+21.5%)
Metis (+34.8%)
XDEFI (+0.3%)
Sei (+19.6%)
Solana (+2.0%)
Osmosis (+16.4%)
Sui (+13.7%)

The terms "seed phrases" and "private keys" are sometimes used interchangeably, but they are not really the same thing. Learn about their differences in this video!

Watch now!

A Step Forward

Prime Minister Fumio Kishida's government is reviewing proposals to stimulate the industry's growth, considering it a key element in economic reform.

The Japanese cabinet has approved a proposal from the ruling Liberal Democratic Party to eliminate taxation on unrealized cryptocurrency gains.

This move is anticipated to foster the development of the country's Web3 industry.

CoinDesk

The Grinch That Stole Christmas

On December 25, zkSync faced an unexpected outage, leading the development team to initiate an immediate investigation during the holiday period.

After roughly five hours, the zkSync network was successfully restored.

There were several blockchain networks that encountered shutdowns and crashes in 2023, including Solana's four-hour outage in January, Polygon's 11-hour downtime in March, and Arbitrum's 78-minute disruption in December.

Cointelegraph

Still Alive and Kicking

Sotheby's reported digital art sales nearing $35 million in 2023, marking it as a standout year for the genre, according to Michael Bouhanna, the company's Vice President and head of digital art.

Across 25 auctions, Sotheby's concentrated on digital art exclusively or as part of contemporary art sales.

Additionally, they introduced their on-chain NFT marketplace named Sotheby's Metaverse for secondary NFT trading.

Cointelegraph

Last Chance to Redeem! 🎄

From now till December 31, celebrate the festive season with our exciting airdrop and raffle giveaways from our friends at Decentral Games and Norma in Metaland.

Join now!