New Year, New Portfolio Goals
Happy 2024, Coinigy crew!
It’s that time of the year again to make resolutions.
Everyone swears they'll hit the gym, learn Mandarin, or finally master time travel so they know which meme coin will pump in the future… don't worry, we won't judge 😉
New year, new us, right?
But before we dive headfirst into the week's exciting news, let's pause for a moment of reflection.
- Did your 2023 crypto journey feel like a Dogecoin-themed amusement park rollercoaster?
- Did you see projects rise and fall faster than TikTok dance trends?
- Did you maybe, just maybe, get lured in by a few too many shill tweets?
We've all been there, but the beauty of a new year is the fresh start it offers.
So, this week, let’s ditch the generic resolutions and plant crypto goals to grow your portfolio like a blockchain-powered spring.
Here are this week’s highlights
- Prediction of the week. These 3 Bitcoin metrics say a fresh BTC price move is ‘imminent’
- MicroStrategy’s stock surges 350% in 2023 on back of Bitcoin ETF hype
- Web3 Loses $1.8 Billion to Hackers and Scammers in 2023
- MicroStrategy Grows Bitcoin Holdings, Nearing U.S. Government Reserves
Prediction of the week. These 3 Bitcoin metrics say a fresh BTC price move is ‘imminent’
In a post on X (formerly Twitter) on Dec. 27, trader and popular social media commentator Matthew Hyland predicted “imminent” bullish moves.
MicroStrategy’s stock surges 350% in 2023 on back of Bitcoin ETF hype
MicroStrategy's stock (MSTR) rose over 350% in 2023, with a current trading price of $654, an 8.3% daily increase. This growth is attributed to its large Bitcoin holdings, totaling 189,150 BTC worth about $5.9 billion.
Web3 Loses $1.8 Billion to Hackers and Scammers in 2023
In 2023, $1.8 billion was lost to Web3 hackers and scammers, with 17% linked to the North Korea-associated Lazarus Group. Major incidents included the $200 million Mixin Network hack, the $197 million Euler Finance exploit, and the $126 million Multichain bridge hack.
MicroStrategy Grows Bitcoin Holdings, Nearing U.S. Government Reserves
MicroStrategy has intensified its Bitcoin investment, acquiring 14,620 BTC for $615.7 million, expanding its total holdings to 189,150 BTC valued at around $5.9 billion. This move aligns with co-founder Michael Saylor's strong support for Bitcoin and precedes potential SEC approval of Bitcoin ETFs.
Other Highlights Worth Mentioning
In 2023, Google searches for "Solana" exceeded those for "Ethereum." - CryptoPotato
OKX announced it will delist several privacy tokens, including Monero, Zcash Foundation, Dash, and Horizen in early 2024 - Blockworks
A U.S. federal judge in Seattle denied former Binance CEO Changpeng Zhao's request to leave the country before his sentencing hearing. - Cointelegraph
The Avalanche Foundation plans to buy meme coins, recognizing diverse cryptocurrency niches, inspired by the impact of tokens like Bonk! on Solana - CryptoSlate