$2.7 Million in Crypto Stolen. 50 Million Bitcoin Wallets. Solana Phone Sales Surge.

December 22, 2023

Crypto Market Update 22-12-23

โ€

Happy Friday everyone!

โ€

And a Merry Christmas for all! This is your present from us ๐Ÿ˜Ž๐Ÿ“ฐ


Last 7 Days Market Performanceย 


Bitcoin is up 4.5%, now at $ 43,732.00 ๐Ÿ“ˆ

Ethereum isup 4.6%, now at $ 2,332.00 ๐Ÿ“ˆ

Total crypto market cap: $ 1.74 Trillion

โ€

Fact for the weeks ๐Ÿค”:

๐ŸŽ„The Christmas season significantly boosts economies worldwide, with the U.S. alone spending over $1 trillion on holiday-related expenses. This season creates a substantial economic impact through retail sales, travel, and entertainment. But be careful, don't yolo your life savings away, thereโ€™s more next year ๐Ÿ˜…
โ€

Onto this weekโ€™s updates ๐Ÿšฆ

โ€

๐Ÿ”ด $2.7 Million in Crypto Stolen ๐Ÿšจ

It wouldnโ€™t be Christmas without a crypto hack! This week the decentralized exchange (DEX) OKX has suffered a security breach that enabled hackers to get away with $2.76 million worth of Ethereum, USDT and USDC. These constat hacks are one of the reasons normal users donโ€™t get into crypto, so we all expect that the new years brings protocols with greater security guarantees ๐Ÿ›ก๏ธ
โ€

๐ŸŸก 50 Million Bitcoin Wallets ๐Ÿ“ˆ

This is a new record, there are now over 50 million bitcoin wallets with bitcoin balance! This means that millions of people hold the most important crypto asset and actually 70% of them haven't touched it in over one year! These metrics keep showing that, although negative market sentiment, bitcoin adoption has been growing nonstop! ๐Ÿ“Š๏ฟฝ
โ€

๐ŸŸข Solana Phone Sales Surge ๐Ÿ“ฑ

Solana's Saga phone sales skyrocketed after a free 30 million BONK airdrop, now valued at $877, exceeding the phone's $599 price. The memecoin Bonk surged 1,100% in 30 days, creating an unusual arbitrage opportunity and prompting sales limits to one phone per household. This sales frenzy marks a significant turnaround for the previously struggling Saga device. This only happens in crypto ๐Ÿ˜…

โ€

๐ŸŽฌ Well, just wishing you all a Merry Christmas and Happy Holidays, hope you enjoy this time with the ones you love the most ๐ŸŽ„๐Ÿ’ซ

Meanwhile, join us at lympid.io โœ…

โ€

Lympid: Crypto interests on a trusted, regulated platform

โ€

Talk next week ๐Ÿ‘‹

ย ย ย ย Backย ย ย ย 

Great job on learning something new today ๐ŸŽ‰