You could be forgiven for thinking that 2022 was an abysmal year for crypto—but there were some silver linings, including the successful Ethereum merge and a push for better crypto legislation. As 2023 kicks off, there’s a similarly mixed outlook; Lido Finance has become the biggest DeFi protocol by total value locked, overtaking MakerDAO, while Grayscale’s Ethereum Trust and Bitcoin Trust continue to struggle. And the FTX saga continues to develop, asBahamas regulators engage in a tit-for-tat with the defunct exchange’s new management.
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