Weekly Crypto Roundup: Key Developments Unveiled

By: Isha Das

• Bitcoin Eyes New Milestones Following Boxing Day Analysis: Despite closing at $88,500, Bitcoin's Boxing Day performance hinted at underlying resilience amidst economic challenges, serving as a key marker for 2024.
• Trust Wallet's Rapid Mitigation Post $7 Million Loss: A breach in Trust Wallet's extension caused significant loss, triggering a swift upgrade and Binance's commitment to reimburse affected users.
• Solana's Robust Defense Against Massive DDoS Attack: Solana's network efficiency shone through when faced with a 6 Tbps DDoS attack, thanks to strategic design updates, ensuring stability without heightened fees.
• Crypto Fund Exodus Driven by Regulatory Delay: The postponement of the Digital Asset Market Clarity Act led to nearly a billion-dollar outflow from crypto funds, highlighting regulatory uncertainty's impact.
• Ripple's Year of Triumph, Lawsuit Resolution Elevates XRP: Ripple's favorable lawsuit resolution with the SEC catalyzed XRP's price surge and strategic expansions in the market.