The FUD around Binance instantly affected BUSD. After withdrawing several billion dollars from the exchange and stopping the withdrawal of USDC, the exchange's own stablecoin loses market capitalization.

Celsius' bankruptcy court got updated asset values and engaged in the operational asset sell-off.

Yuga Labs is facing a class action lawsuit over misleading endorsements of NFTs by celebrities. The court filing stated that Yuga Labs secretly paid the celebrities to promote Bored Ape NFTs through MoonPay company.

Twitter users opted for Musk’s resigning as Twitter CEO. No replacement has yet been found (or announced). Elon Musk raised a poll on his Twitter whether he should leave his position as CEO of the social media company. Majority of the users, which is 57.5% out of 17,

Former US President Donald Trump’s NFT trading card collection sold out in a weekend after its release. But then metrics went down and the hype around the project began to fade.

Grayscale Investments, a subsidiary of Digital Currency Group, is experiencing serious problems with its main product, the Grayscale Bitcoin Trust (GBTC). GBTC shares are trading at a record discount, which on December 13 reached -48.89% according to ycharts.com.

The U.K. court has ruled that crypto podcaster Peter McCormack should pay Craig Wright, the Australian scientist who claims to be Bitcoin inventor Satoshi Nakamoto, around 900,000 British pounds (USD $1.1 million) in costs following their legal battle.

FTX’s collapse revealed numerous skeletons in the closet of the company. One of the skeletons appeared to be U.S. Farmington State Bank, which FTX owned through a subsidiary.