Dec 28: ARK's Bold Shift, Trump's ETH Dump, $1.8B Losses, & Airdrop Highlights

This week in cryptocurrency brought a series of bold moves and reflective data. Cathie Wood's ARK Investment Management made a significant strategy shift by selling off its remaining shares in the Grayscale Bitcoin Trust (GBTC) to purchase $100 million in Bitcoin futures ETF, indicating a new direction in their investment approach. In the NFT space, former President Donald Trump reportedly offloaded millions in Ethereum following an underwhelming NFT venture, spotlighting the volatile nature of crypto assets tied to public figures. A stark reminder of the risks in the digital asset world, a report reveals that crypto users faced a staggering $1.8 billion in losses due to hacks and scams in 2023, underscoring the need for enhanced security measures. On a more positive note, the year witnessed some of the biggest crypto airdrops, with platforms like Arbitrum, Blur, Celestia, and Jito making notable distributions, highlighting new opportunities and rewards for active community members. Meanwhile, Bonk, a Solana-based meme coin, experiences a slowdown, reflecting the unpredictable ebb and flow of crypto token popularity.

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News Links 👇

https://decrypt.co/211088/cathie-woods-ark-sells-remaining-gbtc-shares-buys-100m-in-bitcoin-futures-etf

https://decrypt.co/211064/trump-dumps-millions-in-eth-after-disastrous-nft-redux

https://www.theblock.co/post/269349/crypto-users-lost-1-8-billion-in-2023-hacks-and-scams-immunefi-says

https://decrypt.co/211031/biggest-crypto-airdrops-2023-arbitrum-blur-celestia-jito

https://decrypt.co/211030/bonk-solana-based-meme-coin-slows-down

https://www.coingecko.com/research/publications/biggest-crypto-airdrops

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