GM (or GN) Crypto Enthusiasts,

Happy National Opposite Day!

The Crypto market seems to be celebrating this holiday…

Aptos is the top gainer of the day,

While Ethereum, Solana, Cardano have all dropped.

Here’s what we’ve got in store for you today:

• Take that, haters! El Salvador Returns the $800M

• Crypto Twitter is divided…again.

• Why is Coinbase winning the CeFi game?

In Your Face, Skeptics! El Salvador Fully Repays $800M Loan

(But Reuters doesn’t seem to believe it…)

El Salvador was feeling the heat!And International Monetary Fund and other big players, didn’t let them forget about the loan they needed to pay.

But!

The small Latin American country made it happen. 

Right. On. Time.

El Salvador repaid the $800 million bond on Monday, the same day the bond was set to mature.

Naturally, this left nay-sayers open-mouthed. (

a few… big news outlets weren’t expecting the payment to be made.)  

Prime Minister Alejandro Zelaya has pointed out that the coverage has been lacking on the topic as the development of this story doesn’t align with a good old “disinformation campaign.”

Since El Salvador championed Bitcoin as legal tender in 2021, President Nayib Bukele has been constantly confronted by big names. To distance himself from the narrative, the Pro-Bitcoin President even put out a piece in Bitcoin Magazine called “Stop Drinking The Elite’s Kool-Aid”.

Solana, Chiliz, Algorand…Hot Potato?

The New Year for crypto has been all rainbows and sunshine.

Until now…

Top gainers of the last week all reversed overnight, with the reborn Solana that's below $25 once again. 

Chiliz (

the altcoin that powers most soccer fan tokens)

also plunged by 10%. 

Staying on that theme, Algorand (

another prominent football blockchain that powers FIFA+ NFT marketplace)

also lost 6.9%...

And…

Crypto Twitter is

buzzing with charts and advice from crypto bros.

At the moment, the crypto nation is divided into two camps:

1. The optimistic side of Crypto Twitter tries to persuade everyone that we’re just going through a “healthy correction.”

2. The alarmed crypto aficionados, who are quick to spot all of those weak links and spread FUD.

In a nutshell, the crypto community is unanimously expecting a better year than 2022, but some experienced traders warn to proceed with caution.

A Winning Crypto Strategy? 

“Better safe than sorry.”

A phrase that seems to be playing out well for Brian Armstrong, the CEO of Coinbase.

Coinbase, one of the largest crypto exchanges around the globe, is deemed to be the safeguy of crypto and usually leans into more conservative practices. 

Unlike their competitors. 

Who usually take a Fast and Furious approach.

Even the crypto behemoth, Binance admitted they’d made the mistake of holding collateral together with user funds. 

Coinbase has outperformed all of the CeFi exchanges in 2023 and even managed to bring in a little bit of extra weight on the average daily transaction volume (ADV). 

For perspective: Coinbase recorded 0.3% growth, while Kraken’s volume dropped by 13%.

Overall transaction volume in most popular crypto exchanges took a dive due to the massive distrust in centralized exchanges. (

Thanks for that, SBF…)

Recent “issues” (

stemming from a company that started with an F and ended with an X)

, have pressured exchanges into putting their Proof of Reserve on display. 

So, DYOR.

DailyCoin Meme

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Cardano Founder Addresses Momentary “Blip” of Cardano Nodes

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That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,DailyCoin Team