You'll Never Be Bored in Crypto 🤡
In today’s edition: 📈 False ETF tweet dips BTC, 💥 $200M in liquidations, 📊 ETF fee war heats up, and more!
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What’s Poppin’?
by Sage Young, Juan Aranovich and Sam Sriram
Crypto Liquidations Top $200 Million as Fake SEC Tweet Sparks Outrage
Both long and short crypto traders saw massive liquidations in the hours that followed a false tweet from the SEC about the approval of a spot Bitcoin ETF.
SEC’s X Account Compromised; Fake Tweet Announces Approval of Spot BTC ETFs
The fake announcement sent the price of Bitcoin down 2% within minutes.
Bitcoin ETF Fee War Could Make Investing in Bitcoin Cheaper Than Using an Exchange
A race to the bottom in the fee war among prospective spot Bitcoin ETFs could make investing in crypto a lot cheaper through Wall Street than crypto exchanges.
BlackRock and Others Respond After SEC Issues Additional Comments on Spot Bitcoin ETF Applications
The SEC sent comments to a number of Bitcoin ETF applicants just hours after they documented their expected fees in filings on Monday.
It’s set to be a historic week in crypto, with the SEC widely expected to finally approve a spot Bitcoin ETF, although it’s not a 100% certainty. Two Bloomberg analysts who have followed all the developments closely since the beginning, James Seyffart and Eric Balchunas, join Unchained to discuss the final filings, the likely schedule, and whether all the applications are likely to be approved on the same day. Then they dive into the real action: the cutthroat wars that have already begun, why Grayscale might be keeping its fees on the Grayscale Bitcoin Trust so high, and who the likely winners in what has traditionally been a “winner take most” category will be.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Daily Bits…✍️✍️✍️
💾 Bitcoin developer Luke Dashjr's proposal to block 'spam' NFTs on Bitcoin was abruptly terminated, sparking censorship claims.
📈 ProShares Bitcoin Strategy ETF (BITO) reached an all-time high with over $2 billion in assets as of January 8.
📱 Apple removed Binance, KuCoin, and other offshore crypto exchanges from its India app store following notices from the Indian government.
🔒 "Bitcoin Rodney" was arrested in Florida for allegedly defrauding over $7 million through a fake investment scheme and will face charges in Maryland.
👨💻 Solana Foundation reported a significant increase in three-month developer retention, growing from 31% to over 50% in 2023.
💼 Evmos Foundation recovered 59.4 million tokens from departed co-founder Akash Khosla, aiming to realign token distribution.
🗣 Martin Shkreli's planned crypto talk at Brooklyn Tech high school was canceled following his offensive remark to a reporter.
🔓 Andrew Tate may recover 21 seized bitcoins, now valued 88% higher, following a Romanian court's reassessment decision.
💧 PayPal's stablecoin became part of Curve's third-largest liquidity pool, with a total value locked of $135 million.
🐕 Dogecoin's value fluctuated 9% due to a false rumor about its mascot's death, causing a stir among crypto enthusiasts.
💳 BitPay expanded crypto support, allowing customers to pay for goods and bills using tokens like Uniswap, Chainlink, and BNB.
💼 Brevan Howard, Hamilton Lane, and Nomura's Laser Digital backed the new tokenization platform Libre, which emerged from stealth mode.
Today in Crypto Adoption...
🌐 Fox and Polygon collaborate to launch 'Verify,' a blockchain tool on Polygon's PoS blockchain to authenticate media stories and counter deepfakes.
The $$$ Corner…
💰 Finoa, a German crypto custodian, secured $15 million in a strategic funding round, maintaining its $100 million valuation.
What Do You Meme?
We had to put more than one today 😁 Vote below which was the best!
Recommended Reads
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Coinbase Institutional and Glassnode’s Q1 2024 guide to crypto markets
DL News: ‘First of its kind’ 79-page DeFi report signals shift in CFTC focus
📈 Your Market Update 📉
BTC is down 1.9%, trading at $45,639
ETH is up 4.7%, trading at $2,406
BTC dominance: 50.04%
Crypto market cap: $1.79T
*All data as of today, 06:10 am ET. Source: CoinGecko
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