• After Celestia’s ran for multiple weeks, Solana increased approximately 60% last week, crossed BNB and became the 4th largest cryptocurrency. This phenomena once again sparked discussion on monolithic blockchain and modular blockchain in the community. 

• Transaction counts and fees from BRC20 have slowed down in the past week, unconfirmed transactions in the mempool decreased after reaching record level on 22nd December.

US Final GDP in Q3 was 4.9% below expectation of 5.2% and core PCE increased 0.1% in November lower than expectation of 0.2%. The market anticipates over 64% probability 3 rate cuts by June 2024. This aggressive pricing in could be one of the reasons 10-year treasury yield dropped only 1.2bps in the past week. Tax loss harvesting is expected to have been completed and no significant economic data is being released this week.

• Blackrock has submitted 4th amended S-1 to the US SEC. 

• The US SEC met with representatives of several BTC spot ETF applicants and told them to make final changes by 29th December 2023, according to Reuters.

• Ethereum base fees have dropped to the lowest level since October.

• USD stablecoin market cap has increased approximately $600 million in the past week. 

• Japan's 2024 tax reform exempts companies from crypto asset market value tax, taxing only sales profits. 

• Metis announced to open community testing of PoS Sequencer Pool, on the path to become the first decentralised sequencer Ethereum rollup and sharing revenue to the community. Metis also announced 4.6 million METIS for ecosystem development fund. 

• zkSync Era halted during Christmas due to an edge-case bug, sequencer performed unnecessary safety procedures and stopped block production, issue had later been resolved and the network is live again.

• Reya Network, a “Ce-DeFi” exchange announced to onboard into Polygon ecosystem with its CDK.

• Lisk announced onboard to Optimism Superchain in collaboration with Gelato.

• Arbitrum Orbit is now compatible with NearDA and CelestiaDA (in Sepolia). 

• Eigen Layer introduced Restaked Rollups in collaboration with AltLayer, introducing efficient and security focus appschain. 

• Avail partnered with StarkWare to bring data availability support to Starknet L3 ecosystem. 

• Neutron’s Neutrality upgrade has been completed, merged with Duality to introduce aggregated liquidity into Cosmos ecosystem.

• ALEX Labs announced to support STX20 trading with BitcoinOracle. It had passed voting to list Ordz Games, the 1st GameFi token in BRC20, on its launchpad.

• BakerySwap announced to list Bitland Zone, a metaverse project in Bitcoin ecosystem, BLLB on its launchpad.

• TurtSat announced to list QuilllQ, a smart inscription tool, QUIQ on its launchpad.

• MultiBridge announced to support Solana cross-chain bridge soon.

• The first liquid-staking protocol on Stacks by StackingDAO is now live.

• LayerZero introduced v2, increasing network throughput while granting dApp developers control over their Security Stack with Decentralised Verifier Networks.

• ImmutableX Passport is live across multiple Web3 games.

• RTFKT announced to launch Project Animus, its new NFT initiative in Q1 2024.

• Sommelier Finance announced integration of Arbitrum, Base, Ethereum, Optimism and Polygon by using Chainlink’s CCIP.

• Ondo Finance launched its US Treasury tokens USDY and OUSG on Solana.

• Stargate has passed the vote to integrate with Near Protocol.

• Goerli and Sepolia Testnet Dencun fork is expected in January 2024.

• Pendle Finance teased about launching on Solana soon.

• Friendtech teased the launch of v2 in spring 2024.

• Pancakeswap proposed to reduce the supply limit from 750 million to 450 million.

• Mantle boosted its LST mETH yield to 7.2% target APY for at least 2 months.

• X2Y2 Token Unlocked on 30th December, amount representing 9.93% of the token supply.

• OP Token Unlocked on 30th December, amount representing 2.65% of the token supply.

• DYDX Token Unlocked on 1st January, amount representing 13.19% of the token supply.