# Waiting for Gary

*Author: Bankless*
*Published: Jan 5, 2024*
*Source: https://www.bankless.com/fr/waiting-for-gary*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/12/image--28-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=bankless-review-drift&email=true)

  

     Waiting for Gary
  
  

  
  Published on Jan 5, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Kraken**](https://www.bankless.com/sponsor/kraken-1682978636?ref=bankless-review-drift&email=true) — Sign up for an account and see what crypto can be. 

[Sign up for Kraken](https://www.bankless.com/sponsor/kraken-1682978636?ref=bankless-review-drift&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
   Waiting for Gary
  
  

  

 

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/Group-14--4-.png)- 🤔** Waiting for ETFs. **Crypto Twitter is still convinced the BTC ETF is getting approved within days. Meanwhile, VanEck [pledged 5% of potential ETF profits](https://x.com/vaneck_us/status/1743300722928619779?s=20) toward Bitcoin core devs at Brink.
- 🌡️** Celsius mass unstaking.** The disgraced lender is unstaking hundreds of millions of dollars worth of ETH as it prepares to distribute assets to lenders, [clogging the withdrawal queue for weeks](https://x.com/elindinga/status/1743222979272605917?s=20).
- 📈** Macro surprises. **December jobs numbers smashed expectations, leading economists to wonder whether [rate cuts might be further off than analysts expect.](https://x.com/FT/status/1743267307546165595?s=20)

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Withdrawal Jam Risks
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image--76-.png)](https://www.bankless.com/celsius-depegs)📊** LST depeg risk?** Celsius has [jammed](https://x.com/tomwanhh/status/1743219183150670274?s=20) Ethereum’s validator withdrawal queue shut for the next 14 days, the longest delay since the queue cleared out for the first time post-Shapella in October! *Are liquid staking tokens (LSTs) now flirting with a risk of depeg? *

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $1.65T
       

  
    
    ↘ 2.4%
    
  

   
    
     0.0%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $43,773
       

  
    
    ↘ 1.4%
    
  

   
    
    ↗ 3.7%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,240
       

  
    
    ↘ 1.9%
    
  

   
    
    ↘ 3.0%
    
  

  

[Unlock Today's Full Market Analysis](https://www.bankless.com/celsius-depegs)

.  .  .

 
  
    

    ANALYSIS

  
  
    
   Review: Drift Protocol
  
  
  
  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet
     
    ](https://twitter.com/JackInabinet)
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/01/image--75-.png)](https://www.bankless.com/bankless-review-drift)Solana continues to heat up, and as more users explore the network for the first time, we're revisiting some of its most popular platforms. Today, we're digging into Solana's **Drift** decentralized exchange and providing you with *our take on the experience.*

**Here's what our Senior Analyst thinks 👇**

[Get the Full Details](https://www.bankless.com/bankless-review-drift)
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