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🪙 Vitalik Buterin Debates Over Blockchain Scaling Terminology
Ethereum co-founder Vitalik Buterin has once again returned to a discussion within the blockchain community over the classification of layer-two scaling solutions. Much of the debate has centered around the distinction between various layer-two approaches, particularly focusing on the security aspects and architectural differences of various systems.
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✖️ dYdX native token surpasses $3 as it becomes top DEX by daily volume
The DYDX token, the native token of the decentralized trading platform dYdX Chain, is trading above $3 for the first time this year after the platform became the largest DEX by daily volume. Data from CoinMarketCap shows that the platform’s v4 version, based on the interchain protocol Cosmos, achieved an impressive 24-hour trading volume of nearly $565.85 million. This surpassed Uniswap v3’s Ethereum market, which recorded a volume of $458.46 million in the same timeframe.
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🪙 Ripple’s Brad Garlinghouse Cancels US IPO Plan
Ripple’s CEO Brad Garlinghouse has announced suspending plans for an initial public offering (IPO) in the United States. Citing a “hostile” regulatory environment, Garlinghouse revealed that Ripple had explored alternative markets for its IPO, pointing to jurisdictions with clearer regulatory frameworks.
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💰 Coinbase Prime hot wallet leads weekly Bitcoin trading with $11.4 billion volume
Coinbase Prime, the crypto platform explicitly designed for institutional investors, trusts, and high-net-worth individuals, has seen a dramatic increase in trading activity following the U.S. spot Bitcoin ETFs launch.
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🇺🇸 SEC agrees to delay Terra trial so that Do Kwon can attend proceedings
The U.S. Securities and Exchange Commission (SEC) has agreed to delay a trial against Terraform Labs and its former top executive, Reuters said on Jan. 15. The regulator said that a “modest” delay of the trial date is justified because Terraform Labs’ co-founder, Do Kwon, intends to attend the trial.
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💰 Bitcoin greed index plummets to ‘neutral’ as ETFs fail to buoy prices
The Crypto Fear and Greed Index has fallen back to “neutral” for the first time since October last year, despite the launch of spot Bitcoin ETFs in the United States only days earlier.
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🪙 Binance and 🏦 Coinbase Hold 11% of Crypto Economy’s Net Value, Leading in BTC and ETH Reserves
Statistical data reveals that Binance and Coinbase, two titans in the cryptocurrency exchange arena, cumulatively possess 11.85% of the $1.68 trillion digital currency economy.
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🥇 VanEck Bitcoin ETF commercial
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🇺🇸 Elizabeth Warren slams SEC over decision to allow spot bitcoin ETFs, says crypto needs to follow anti-money laundering rules
Sen. Elizabeth Warren, D-Mass., slammed the Securities and Exchange Commission for approving spot bitcoin exchange-traded funds and called for anti-money laundering rules to be urgently applied to crypto.
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JUST IN: 💰 BITCOIN ETFS APPROVED! 🙌
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🇺🇸 The SEC Gov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.
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💰 VanEck Surges with $72.5M, Bitwise and Pantera Capital Raise the Stakes! 💡🌐
Get ready for a financial spectacle as potential issuers of spot Bitcoin ETFs spill the beans on their initial funding, paving the way for an exciting chapter in the world of crypto investments! 📈💼
💎 VanEck Leads the Charge with a Stellar $72.5 Million Seed Investment! 🌟🚀
VanEck, the financial powerhouse, steals the spotlight with an impressive $72.5 million direct investment to seed its potential spot Bitcoin ETF, signaling a thrilling journey into the future of crypto finance! 💰🌈 Brace yourself for a revolution led by VanEck!
🌟 Bitwise Enters the Arena with a $500,000 Seed, Pantera Capital Throws a $200 Million Curveball! 💰📊
Bitwise steps up, seeding its proposed ETF with $500,000. But the real showstopper? Pantera Capital's jaw-dropping interest of $200 million in the fund, a bold move pending approval. 🚀💼 Note: Interest is non-binding but sends ripples through the crypto space! 🔥🚨
💼 BlackRock Adds $10 Million to the Crypto Pot! 💡🌐
Global giant BlackRock makes its presence felt, injecting a solid $10 million to seed its potential spot Bitcoin ETF, adding weight to the ever-growing competition! 💪💸
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💰 Bitcoin ETFs Closing In: Industry Giants Slash Fees in Epic Battle for Approval! 💼💰
In a monumental move, industry leaders, including BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie, have filed amended S-1 forms, marking the decisive step before potential approval for spot Bitcoin ETFs. The race for the coveted approval is reaching its climax! 🏁🌟
Amended S-1 Forms Filed: Countdown to Bitcoin ETF Approval Begins
Cryptocurrency enthusiasts are on the edge of their seats as major players file amended S-1 forms, signaling the conclusive phase before a potential green light for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all in the spotlight. 📑🚀
Fee Wars Intensify: BlackRock Sets Sponsor Fee at 0.3%
In a strategic maneuver, BlackRock reveals its sponsor fee at 0.3%, with a notable reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This unexpected fee cut sends shockwaves through the industry, prompting Bloomberg ETF analyst Eric Balchunas to exclaim, "Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke." 😱💼
VanEck's Strategic Play: Joint Lowest Permanent Fee at 0.25%
VanEck positions itself as a frontrunner by selecting a joint lowest permanent fee among issuers at 0.25%. The fierce battle for fee supremacy is in full swing, and VanEck strategically secures its place. 🏆💸
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💰 VanEck Strategist Proposes Bitcoin ETFs to Smash Psychological Barriers! 🚀💰
Gabor Gurbacs, an influential adviser at VanEck, unveils a groundbreaking solution to the unit bias conundrum, suggesting that Bitcoin Exchange-Traded Funds (ETFs) could be the game-changer needed to entice a new wave of investors. 🔄💭
Unit Bias Challenge: Breaking Down Barriers to Bitcoin Ownership
The hesitation to buy fractions of Bitcoin, fueled by unit bias psychology, has long been a barrier for potential investors. Gurbacs argues that Bitcoin ETFs offer a strategic remedy, making crypto investment more accessible by providing a path for fractional ownership. 🌐🔓
Social Media Advocacy: Gurbacs Takes to X to Spread the Word
Leveraging the power of social media, particularly X (formerly Twitter), Gabor Gurbacs sheds light on the prevailing lack of awareness surrounding fractional Bitcoin ownership. Emphasizing the psychological satisfaction of owning complete assets, he states, "Owning a full share feels better than owning 0.001 Bitcoin. Seems like a small thing but it’s a big thing." 📲💬
Market Understanding through Biases
While acknowledging the ongoing unit bias debate, Gurbacs insists that biases are critical tools for deciphering market dynamics. "Simplistic but unit bias psychology matters a lot. I think about this a lot," he comments, emphasizing the nuanced factors influencing investment decisions. 🧠📊
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💰 VanEck Pledges 5% of Bitcoin ETF Gains to Empower Bitcoin Core Developers! 🚀💰
Exciting waves are hitting the crypto community as VanEck, the Bitcoin ETF hopeful, makes a groundbreaking commitment that could reshape the landscape of Bitcoin development! 🌐💡
🚀 Fueling Bitcoin Core Innovation! 💻💸
Pending approval from the U.S. Securities and Exchange Commission (SEC), VanEck has vowed to allocate a substantial 5% of its Bitcoin ETF profits to the brilliant minds behind Bitcoin Core development. This move is a beacon of hope for developers who have long faced challenges in securing the funding necessary for their crucial work.
💪 VanEck's History Meets Crypto Future! 📈💼
With a storied history as an ETF and mutual fund manager since 1955, VanEck manages a colossal $76.4 billion in assets as of September 2023. Now, they're bringing their financial prowess to the crypto space, showcasing a commitment to long-term growth and innovation.
🌐 Bridging Through Brink! 🔗🌈
VanEck's generous donations will find their way through Brink, a non-profit organization dedicated to bridging donor funds with Bitcoin code testers and maintainers. This collaborative effort, involving major crypto exchanges like BitMEX, Kraken, and Coinbase, aims to fortify the foundation of the entire crypto ecosystem.
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💰 Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder
Tether added to its bitcoin (BTC) holdings at the end of the fourth quarter, buying 8,888 more BTC for $380 million, The Block reported. An address associated with the company shows bitcoin holdings of 66,465, which makes it the 11th-largest holder of the cryptocurrency, according to a ranking by Dune Analytics.
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💰 New Bitcoin ETFs did in 3 days what Gold took 36 days to achieve with $1.8 billion in assets
One of the most common comparisons we’ve seen concerning the launch of spot Bitcoin ETFs in the United States is the one with the launch of the first gold ETF (GLD) in 2004. Interestingly, comparing the two asset classes’ premieres through their daily attestations reveals some illuminating data.
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🪙 Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.”
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📈ByBit unveils Web3 NFT Pro that integrates with various NFT marketplaces, allowing users to buy NFTs directly from the platform with lower fees and faster transaction.
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💰 Kevin O'Leary Says He'll Never Buy Bitcoin ETF — Prefers to Hold BTC Long Term
Kevin O’Leary, aka Mr. Wonderful, says he will never buy a spot bitcoin exchange-traded fund (ETF) as he is holding bitcoin for the long term as digital gold. “Why would I pay these fees?” he said, adding that spot bitcoin ETFs “add no value” and are “completely unnecessary.”
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🥇 Bitcoin Hashrate Hits New All-Time High Amid Spot ETF Frenzy
Bitcoin’s hash rate, that is the network’s computing power, recently reached a new all-time high amidst the frenzy that came with the debut of spot Bitcoin ETFs in the US. According to data from IntoTheBlock, the Bitcoin hashrate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, less than 24 hours after the U.S. Securities and Exchange Commission approved 11 Spot Bitcoin ETFs in the country.
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💰 Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals
Miner outflow has hit a multi-year high as tens of thousands of bitcoin (BTC), worth over $1 billion, have been sent to exchanges. CryptoQuant data shows that the majority of the bitcoin has moved from mining company F2Pool. Bradley Park, an analyst at the company, told CoinDesk in a Telegram message that the move is due to miners facing increased costs.
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🥇 CoinShares to acquire Valkyrie Funds after US spot bitcoin ETF approval
CoinShares International said on Friday it has exercised an option to acquire Valkyrie Funds, expanding the European digital asset firm's U.S. offerings, after Valkyrie's spot bitcoin exchange-traded fund won the U.S. regulator's approval.
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💥 Ethereum and Altcoins Are the Biggest Winners of Bitcoin ETF Approval⚡️🔥
The crypto community is now focusing on the approval of the spot Ethereum ETF likely to happen by May this year.
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💰 Blackrock drops Bitcoin ETF fee to just 0.12% for first $5B in assets, 0.25% ongoing Blackrock looks to offer one of the lowest fee among providers.
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🇰🇷 South Korean Upbit secures license in Singapore
Upbit Singapore intends to expand its range of services in the country after securing a Major Payment Institution license. The exchange has now joined 15 other institutions holding MPI status, including Ripple, Blockchain com, Paxos, Coinbase and Revolut. 📊
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📈🚨 SEC Sounds FOMO Alarm: Stay Smart Ahead of Spot Bitcoin ETF Verdict! ⚠️💡
In a strategic move, the U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy has issued a crucial FOMO alarm on social media platform X, addressing the looming risks of the Fear of Missing Out (FOMO) in the cryptocurrency landscape. This advisory, part of a recent series, provides essential insights for investors navigating the unpredictable financial terrain. 🌐🔍
'NO GO to FOMO': SEC Advocates Prudent Investment Decisions
The SEC's Office of Investor Education and Advocacy sends a clear message: 'NO GO to FOMO.' Investors are urged to tread carefully, highlighting that the popularity of an investment among peers does not guarantee its suitability for everyone. 💡🚫
Craft Your Investment Strategy: SEC Encourages Informed Choices
The SEC encourages investors to adopt a personalized approach, aligning their investment decisions with individual goals and risk tolerance. The advisory sheds light on the diverse array of digital assets, including cryptocurrencies, ICO tokens, meme stocks influenced by online trends, and non-fungible tokens (NFTs). 🔄💸
Spot Bitcoin ETF Decision Looms: SEC's Timely Guidance
As the SEC approaches a critical decision on spot Bitcoin exchange-traded funds (ETFs), this cautionary note gains heightened significance. An eagerly anticipated announcement early next week could potentially reshape the landscape of Bitcoin ETFs, starting from January 11. 📅🌟
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💰 BlackRock's Next Moves: Countdown to Bitcoin ETF Approval Amidst Strategic Workforce Changes! 💹🌐
Excitement brews as BlackRock, the world's leading money management firm, anticipates the green light for its Spot Bitcoin ETF on Wednesday, as reported by Fox Business. Simultaneously, the financial giant gears up for strategic workforce adjustments, hinting at a 3% reduction in its global team, approximately 600 employees. 🔄💼
💼 Balancing Act: BlackRock's Methodical Workforce Reshaping 🔍💪
Internally labeled as routine, the impending workforce adjustments align with BlackRock's strategic vision to keep pace with evolving business landscapes. A source familiar with the matter notes that these measures follow a similar process initiated last year based on performance metrics. 💡💼
📈 Market Resurgence: BlackRock Shares Rebound with a 6% Surge in 2023 📊📈
After facing a challenging 2022, witnessing a 21% dip in its shares, BlackRock makes an impressive comeback in 2023 with a resilient 6% surge. This revival is fueled by a substantial influx of $187 billion into BlackRock's Exchange Traded Fund (ETF) business, showcasing renewed investor confidence. 🚀💹
💼 Strategic Evolution: BlackRock's Ongoing Workforce Optimization 🔄💼
Aligned with corporate objectives, BlackRock's periodic evaluations signal its commitment to workforce optimization, ensuring agility to navigate industry shifts. These proactive measures, part of an ongoing process initiated last year, highlight BlackRock's dedication to strategic evolution grounded in performance metrics. 💼🌐
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💰 SEC Faces Crucial Decision: Better Markets CEO Urges Caution on Bitcoin ETF Approval 🚀💼
Fraud and Manipulation Concerns:
Kelleher emphasizes the inherent risks of exposing investors to a market that, in his view, is rife with fraud and manipulation. The crypto industry's historical association with these challenges raises questions about the readiness of the market for an ETF, according to Kelleher. 🚨🔄
Amid Rising Phishing Threats:
Against the backdrop of a surge in phishing scams affecting over 324,000 users and resulting in $295 million in losses in 2023, Kelleher highlights the pressing need for enhanced security measures. The crypto industry must fortify defenses to protect investors from evolving cyber threats. 🛡💻
Legitimacy Debate and Unintended Consequences:
Kelleher warns that greenlighting a Bitcoin ETF could inadvertently bestow undue legitimacy on the crypto industry. The risk of investors interpreting SEC approval as a government endorsement may lead to unintended consequences, adding complexity to the regulatory landscape. 🏛🤔
Crypto Community Skepticism Persists:
While Kelleher's concerns carry weight, skeptics within the crypto community, including Bloomberg ETF analyst James Seyffart, remain cautious. Their skepticism adds nuances to the ongoing regulatory discourse, underlining the challenges of finding common ground in the ever-evolving crypto space. 🔄🌐
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