The year kicked off with the cryptocurrency market surpassing the trillion-dollar mark. However, Bitcoin took a sudden nosedive, hitting an annual low of $16,680, sparking concerns and setting the tone.

SEC intervened, forcing Kraken to shut down its staking program for U.S. users and pay a $30 million in compensation. SEC were keeping a close eye on whether crypto businesses were playing by the rules.

Silicon Valley Bank's bankruptcy, the third-largest in U.S. history, shocked the crypto world. The Federal Deposit Insurance Corporation (FDIC) triggered calls for tighter regulations on tech-focused banks and increased oversight in venture capital.

ARK Invest decided to give their Bitcoin ETF proposal another shot in April. It's like they're saying, "Hey, let's try this again!" Maybe they're the optimists of the crypto world, trying to bridge the gap between digital money and the old-school financial stuff.

Binance and the Hong Kong Police teamed up, launching an "Anti-Scam Campaign" to warn users before transactions. The campaign's success led to a 20.4% drop in fund withdrawals. Binance even compiled a "Scammer List" with tips.

Asset manager BlackRock's filing for a Bitcoin-spot ETF indicated growing institutional interest in crypto. While no approvals were granted in 2023, the move suggested a potential shift in traditional finance's stance on digital assets. Way to go, BlackRock!

Legal clashes between Ripple and the SEC brought clarity on crypto asset classification. Simultaneously, Sam Altman's WorldCoin aimed at tackling income inequality through innovative features garnered attention.

A US court's reversal of the SEC's decision against Grayscale's ETF application not only hinted at growing institutional interest but also sparked discussions about the dynamics between traditional financial vs crypto.

CFTC imposed fines on DeFi platforms Opyn, ZeroEx, and Deridex, accusing them of offering illegal crypto derivatives trading without required U.S. licenses.

A setback occurred as Sam Bankman-Fried faced serious allegations of fraud and money laundering Sammy is famous for raising concerns about trust within the crypto industry.

Binance settled charges of sanctions violations and money-transmitting breaches with a $4.3 billion payment. CEO CZ agreed to a $50 million fine and relinquished his leadership role. We were shocked!

Bitcoin's upward trajectory in December fueled anticipation for impending ETF approvals. Increased crypto investments, the 2024 Bitcoin halving, and speculation of an early bullish surge added to the fervor.