
Coinbase Stock Surges 400% in 2023 Amid Crypto Recovery
Coinbase shares rose from $35 in January to $175 by December, making it the best-performing large-cap stock of 2023.
37 articles

Coinbase shares rose from $35 in January to $175 by December, making it the best-performing large-cap stock of 2023.

SOL rallied from $8 post-FTX lows to $100 by December 2023 as daily transactions topped 40 million and DeFi TVL grew tenfold.

Deutsche Telekom's subsidiary announced Bitcoin and Ethereum node operations and mining in December 2023, joining other major corporations entering the sector.

Robinhood launched cryptocurrency trading in the European Union on December 5, 2023, through a Lithuania-based entity, listing more than 25 tokens.

Changpeng Zhao pleaded guilty to Bank Secrecy Act violations on November 21 2023, stepping down as Binance CEO amid a 4.3 billion dollar settlement.

CoinDesk, the leading cryptocurrency news outlet, was sold to Bullish exchange on November 21, 2023, in a transaction valued near $75 million.

Celsius Network bankruptcy plan confirmed by court, enabling partial recovery for creditors

A federal jury convicted Sam Bankman-Fried on November 2 2023 on all seven counts of fraud, marking the crypto industry's most significant prosecution.

NFT trading volumes on Ethereum fell to approximately $70 million monthly by September 2023, down 95% from the $3.5 billion peak reached in January 2022.

Polygon migrated from the MATIC token to the POL governance token on September 4, 2023, completing a major rebranding initiative under the new Polygon Labs organizational structure.

The DC Circuit Court of Appeals ruled on August 29 2023 that the SEC's denial of Grayscale's spot Bitcoin ETF was arbitrary and capricious, vacating the rejection order.

Coinbase launched Base Layer 2 on August 9, 2023, an Optimism-based network that achieved $400 million in total value locked within weeks.

PayPal launched its USD stablecoin (PYUSD) on August 7, 2023, marking the first major traditional finance firm to issue its own token on public blockchains.

A Vyper compiler bug allows attackers to drain $70M from Curve pools, sending CRV plummeting 30% and triggering margin calls on Curve founder Michael Egorov's positions.

A reentrancy vulnerability in the Vyper compiler drained approximately $70 million from multiple Curve Finance pools on July 30, 2023.

Worldcoin launched on July 24, 2023, distributing WLD tokens to users who scanned their irises at Orb devices, aiming to create digital identity infrastructure and universal basic income distribution.

Celsius founder Alex Mashinsky arrested July 13, 2023, as DOJ, SEC, FTC, and CFTC file coordinated charges over customer fraud and token manipulation.

Judge Analisa Torres ruled on July 13 2023 that XRP sold programmatically did not constitute securities, marking the first major judicial determination about cryptocurrency token classification.

Cross-chain bridge Multichain halted operations on July 7, 2023, after $126 million in abnormal asset movements left user funds inaccessible across the network.

JPMorgan rebranded its blockchain division to Kinexys and expanded JPM Coin usage, processing over $1 billion daily in institutional transactions.

EigenLayer's restaking protocol goes live on Ethereum mainnet, drawing $16 million in liquid staking tokens on day one as validators race to double-dip on yields.

Binance.US halted USD deposits and withdrawals on June 9, 2023, days after the SEC filed its lawsuit against the exchange.

The SEC filed charges against Coinbase on June 6, 2023, alleging operation of an unregistered securities exchange and broker.

The SEC filed 13 charges against Binance, BAM Trading, and CEO Changpeng Zhao on June 5, 2023, alleging operation of an unregistered exchange.

Ledger announced the Ledger Recover service on May 16, 2023, dividing the security community over whether splitting seed phrases violated the core security principle.

MakerDAO deployed Spark Protocol to provide lending services and vault strategies, positioning the protocol to compete with Aave and recapture growth in the lending sector.

A BRC-20 token frenzy in May 2023 pushed Bitcoin transaction fees above $30 average, the highest since 2017, while 24,000+ tokens were deployed on the network.

Ethereum's Shapella upgrade activated on April 12, 2023, enabling validators to withdraw staked ETH for the first time since the Beacon Chain launch.

Arbitrum Foundation distributed 1.16 billion ARB tokens on March 23, 2023, valued at approximately $1.8 billion to 625,000+ eligible early users.

Do Kwon was arrested at Podgorica airport on March 23 2023 using a forged Costa Rican passport after months evading law enforcement.

James Zhong pleaded guilty and was sentenced to one year in prison in March 2023 for stealing 50,000+ Bitcoin from Silk Road a decade earlier.

Attacker drains Euler Finance for $197 million using oracle-based flash loan exploit, then negotiates return of most funds as cryptocurrency enforcement tightens.

SVB's collapse on March 10 2023 initiated a banking crisis that eliminated three major crypto-friendly banks within days and tested stablecoin confidence.

Kraken agreed on February 9, 2023, to pay $30 million and cease its US staking-as-a-service program after the SEC alleged it constituted an unregistered securities offering.

Lido Finance surpassed MakerDAO as the largest DeFi protocol by total value locked, reflecting explosive growth in staking demand following Ethereum's proof-of-stake transition.

Genesis Global Capital filed for Chapter 11 bankruptcy on January 19, 2023, owing $3.4 billion to creditors after the FTX collapse froze its lending operations.

Foundry USA, a Digital Currency Group subsidiary, captured dominant share of Bitcoin mining pool market following Chinese mining restrictions, commanding over 30 percent of network hashrate by early 2023.