The Block

Quick Take The city’s financial regulators hope to gain more powers to regulate issuers of ‘fiat-referenced stablecoins,’ as they suggested in a consultation paper released today.

Quick Take The country’s personnel management ministry said today that it will have some 5,800 officials disclose details of their cryptocurrency holdings.

Quick Take Thunder Terminal said on X that 114 wallets were affected but “funds are safe.”

Quick Take Crypto funding in 2023 dropped by 68% to $10.6 billion compared to the previous year. However, the outlook for 2024 from top crypto venture capitalists is mainly positive.

Quick Take Yuga Labs’ NFT projects CryptoPunks, Bored Ape Yacht Club and Mutant Ape Yacht Club dominated the most expensive NFT sales of 2023. In fact, four of the sales were a CryptoPunk, four were a Bored Ape and one was a Mutant Ape Yacht Club NFT. The only non-Yuga Labs asset making the list was one Fidenza NFT, a generative art collection from Tyler Hobbs.

Bitcoin slips below the $42,000 mark as sell pressure on the digital asset increases.Market volatility over the past 24 hours has caused a spike in bitcoin long liquidations.

Quick Take Decentralized crypto social media apps made progress this year, focusing on scalability and opening up to more users. Social finance platforms experienced a big surge in attention but failed to keep their users.

Quick Take Barry Silbert and Mark Murphy of DCG have resigned from the board of directors at Grayscale Investments. DCG’s CFO, Mark Shifke, takes over as Grayscale’s board chairman, succeeding Silbert.

Quick Take Bitcoin miners are under increasing pressure to monitor the transactions they process and filter out those connected to addresses with criminal ties. Major mining pools filtering transactions from sanctioned addresses would mean a whole new era for Bitcoin, with protocol-level censorship.

Quick Take Several users who appear to be Mt. Gox creditors said on Reddit and Telegram that they received their repayments today. Mt. Gox has yet to respond to The Block’s request for comment.