The Ethereum network's Shapella upgrade was successfully implemented, allowing withdrawals of staked ETH without causing a massive unstaking event. ETH's price surpassed the $2,000 resistance level after the upgrade. However, governments are exerting increasing pressure on DeFi, with the US Treasury accusing DeFi of enabling cybercriminals in its "2023 DeFi Illicit Finance Risk Assessment."
In the Bitcoin mining realm, Arkansas and Montana have passed "right to mine" bills, awaiting their respective governors' signatures. Meanwhile, Texas State Bill 1751 threatens to curtail mining benefits that have attracted miners to the state, prompting advocacy campaigns from local and national organizations.
The NFT space continues to thrive despite mainstream criticism, as demonstrated by the strong community at NFT NYC. NFT communities are flourishing across multiple blockchains, including Bitcoin, thanks to projects like Ordinals.
Bitcoin's value surged past $30,000 in 2023, driven primarily by spot trading rather than leveraged trading. Glassnode's Checkmate analysis indicates a significant reduction in leverage post-FTX collapse, with the remaining leverage being long-dated. New addresses, transfer volumes, and miner fees suggest a dynamic spot market.
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