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FameEX Morning Crypto News Recap | December 28, 2023
2023-12-28 12:48:05
Microstrategy Boosts Bitcoin Inventory, Total Holdings Reach 189,150 BTC
Microstrategy, a company listed on Nasdaq, expanded its Bitcoin investments by acquiring 14,620 more bitcoins for about $615.7 million. This purchase increased their total to 189,150 bitcoins, bought at an average of $31,168 each, totaling around $5.9 billion. The company's executive chairman, Michael Saylor, considers the introduction of spot bitcoin ETFs as one of the most pivotal developments on Wall Street in recent years.
Securities Regulators' Group Advocates for Identifying Individuals Managing Defi Platforms The International Organization of Securities Commissions (IOSCO) has recommended that regulators focus on identifying those with control or substantial influence in decentralized finance (defi) platforms. This initiative aims to help regulators locate crucial regulatory touchpoints, thereby improving their grasp and regulation of the defi industry. Lavrov Notes Interest of 30 Nations in BRICS in Light of China-Saudi Deal Challenging US Dollar Sergey Lavrov, Russia's Foreign Minister, revealed the expansion of the BRICS bloc in 2024 to include nations such as the UAE, Iran, and Saudi Arabia, with interest from about 30 countries in forming partnerships. Furthermore, China and Saudi Arabia's recent currency swap agreement, worth 50 billion yuan ($6.93 billion), is seen as a move to contest the U.S. dollar's global dominance. Elon Musk Reveals Limited Focus on Cryptocurrency Thought Elon Musk, CEO of Tesla and SpaceX, and chairman of X, recently admitted in an X Space event with Ark Invest CEO Cathie Wood that he doesn't extensively focus on cryptocurrency. Known as the "Dogefather," Musk revealed his interest lies more in the general concept of money and its underlying principles, rather than in cryptocurrency itself. Nobel Prize Recipient Robert Shiller Advises that Confiscating $300 Billion in Russian Assets May Trigger a 'Cataclysm' for the Dollar System Economist and Nobel laureate Robert Shiller warned that the seizure of Russian assets by Western nations could destabilize the dollar-centric financial system. He posited that this move might trigger a significant upheaval, leading countries that use the dollar for reserves to consider reallocating their treasury holdings to different currencies, potentially undermining the dollar's global stability. SEC Deadline Looms for Spot Bitcoin ETF Applicants - Only 3 Days to Amend Filings Before Early January Verdict The U.S. Securities and Exchange Commission (SEC) has set a December 29 deadline for amendments to spot bitcoin ETF applications. Issuers have been notified that applications revised and filed by this Friday will be eligible for the first round of the SEC's decision-making on spot bitcoin ETFs. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
