🎅 Christmas Present for $SOL Holders
In today’s edition: 🏛️ SEC admits major errors, 🚨 Solana's fulfillment struggle, 💶 Paxos expands to Solana, and more!
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💡 OPINION: 2024 Crypto Predictions: Signs Point to Yes
by David Z. Morris
Macro conditions and crypto developments are aligning to bring crypto a truly wild year.
What’s Poppin’?
by Jeanhee Kim, Sage Young, and Brandy Betz
SEC ‘Deeply Regrets’ Errors, Asks Court Not to Impose Sanctions in Crypto Fraud Case
The U.S. Securities and Exchange Commission admitted to embarrassing errors and ordered mandatory training of its staff on the “importance of candor” but said it had not acted in bad faith against crypto firm Debt Box.
Solana Mobile Can’t Fulfill All Orders of Its Crypto-Integrated Android Phone Citing ‘Inventory Management Issue’
On Thursday, 18 units of the Solana Saga mobile phone sold on the secondary online marketplace eBay for an average of $4,041, a more than sixfold increase from its original retail price.
Paxos Bringing Stablecoin Issuance on Solana, Diversifying Beyond Ethereum
The company is set to bring USDP to the layer 1 blockchain – known for high transaction speeds and low fees – that has grown into a major stablecoin player.
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Over the past year, the crypto industry has seen the rise of a new trend: the adoption of points systems.
Li Jin, cofounder of Variant Fund, says that while points systems have long been a staple in the Web2 domain, their integration into the crypto ecosystem could have pitfalls.
She covers how these points are currently being leveraged within crypto applications in the hopes of driving user engagement and retention, why they’re taking off now, and why they’re off-chain. She also points out that, if implemented poorly, they could engender disloyalty instead of leading to sustainable communities, and urges founders to be thoughtful about the design of these systems, especially about how points translate to economic value.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. We are also on Fountain now!
Daily Bits…✍️✍️✍️
💹 Solana's price surpassed $100, a first since April 2022, driven by gains in meme coins and DEX transaction volume.
🔏 Hashdex named BitGo as its Bitcoin ETF custodian and changed its ETF's name, as part of its ongoing effort to secure U.S. approval for a spot Bitcoin ETF.
💬 Coinbase published a letter rebutting Sen. Elizabeth Warren's allegations of a "revolving door" hiring policy, insisting on its commitment to responsible crypto regulation.
🔍 Japan's cabinet approved a proposal to scrap corporate tax on unrealized crypto gains, potentially bolstering the country's Web3 industry.
🔄 Nigeria's central bank lifted restrictions on crypto firms which allows them to open bank accounts, a reversal of its 2021 order, though firms will still need regulatory approval to operate.
🔗 Ikigai Asset Management sold its $65 million FTX bankruptcy claim, allowing investor redemptions and new capital subscriptions.
👨⚖️ Bulgaria ended its criminal investigation into crypto lender Nexo, finding no evidence of wrongdoing.
🔒 BarnBridge DAO settled with the SEC for $1.7 million over unregistered crypto bond sales.
📹 Ripple executive Chris Larsen donated $250,000 to support increased police surveillance measures in San Francisco.
The $$$ Corner…
💡 Arkon Energy secured $110 million for expanding its U.S. data centers, primarily for Bitcoin mining.
What Do You Meme?
Recommended Reads
CoinDesk: 7 Real World Asset Trends in 2024 That Will Unlock the Future of Finance
@nf_suzanne on whether the future is multi-chain
Unchained: What Is EVM Compatibility?
📈 Your Market Update 📉
BTC is down 1.2%, trading at $43,157
ETH is up .7%, trading at $2,278
BTC dominance: 48.5%
Crypto market cap: $1.74T
*All data as of today, 06:48 am ET
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