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It's Frriiddaayyyy Folks! Bitcoin is trading down at $42,874.41. Today should prove to be a volatile day in the Crypto markets, buckle up. Let's get on with the news...
, we learned that a record $11B Crypto options expiry looms as BTC shows little volatility.(2) Today, New York judge grants SEC summary judgment over claim that Terraform sold unregistered securities.(7)
Spot Bitcoin ETFs are attracting leading asset managers like BlackRock, Fidelity, and Franklin Templeton, vying for dominance in the digital asset market and Crypto native ETF applicants like NYDIG, Galaxy, ARK, Bitwise, and Valkyrie, with lower AUMs, are leveraging their crypto industry familiarity. Smaller players like Hashdex and Pando are making strides in South America, indicating a global interest in Bitcoin ETFs. ARK Invest kicks off Bitcoin ETF 'amendment-athon' ahead of deadline. SEC’s Bitcoin ETF update deadline today: Cash-create vs in-kind. Mathew McDermott of Goldman Sachs says the approval of spot crypto ETFs will spur greater institutional interest in crypto. He also foresees the development and growth of tokenization marketplaces in the coming year. Nic Carter says he believes Bitcoin will take off in price months after the possible approval of spot Bitcoin exchange-traded funds (ETF) in the US. Renowned crypto analyst Ali Martinez ignited a wave of optimism within the cryptocurrency community by suggesting that the upcoming Bitcoin halving, slated for April 2024, may propel the leading digital asset into an extended period of bullish trends.
thinks 2024 could be a big year for Bitcoin (BTC).
5 data points suggest a crypto bull market began in 2023 (Cointelegraph
- Increasing odds of a spot Bitcoin ETF approval
- All cohorts of investors have been accumulating Bitcoin
- The Bitcoin halving and historical data highlight BTC’s potential
- Crypto market sentiment continues to rise
- Technical indicators also reflect traders' bullish sentiment
Since mid-October, Bitcoin miners have been reducing their BTC balances on a practically constant basis; offloading $129M $BTC in a day.(3)
Ether’s surge to a 19-month high has been fueled by the anticipation of a network upgrade, a recent proposal from Vitalik Buterin and increased DApp use. He says the blockchain’s “cypherpunk” vision was largely swept under the carpet when cryptocurrencies began to over-financialize the network around 2017.(3) Solana selloff was the result of an anonymous investor depositing 303,756 SOL tokens worth approximately $38.2 million on Binance. Meanwhile, SOL defies market sentiment with 5% surge.(2)
Cryptocurrency-friendly US Congressman Tom Emmer is leading a bill to fire SEC chairman Gary Gensler. Celsius scraps Fahrenheit consortium, gets court approval for Bitcoin mining company. Fake Satoshi (Craig Wright) claimed attempts to change Bitcoin protocol and claimed rights in BTC source codes. Changpeng “CZ” Zhao appeals to seal documents for child’s privacy.
Podcast of the Day: Arthur Hayes on Why Bitcoin Is Money and ETH Is a Shitcoin He Loves | Unchained
