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FameEX Morning Crypto News Recap | December 28, 2023
2023-12-28 12:48:05
Microstrategy Increases Bitcoin Portfolio, Now Totals 189,150 BTC
Nasdaq-listed Microstrategy recently purchased an additional 14,620 bitcoins for around $615.7 million, increasing its total bitcoin holdings to 189,150. These were acquired at an average cost of $31,168 per coin, amounting to approximately $5.9 billion. Michael Saylor, the company's executive chairman, regards the potential introduction of spot bitcoin ETFs as possibly the most significant Wall Street development in the past three decades.
Association of Securities Regulators Urges Identification of Individuals in Charge of Defi Platforms
The International Organization of Securities Commissions (IOSCO) is encouraging regulators to identify individuals who hold control or significant influence over decentralized finance (defi) platforms. By pinpointing these key figures, regulators aim to establish "existing or potential regulatory touchpoints," enhancing their understanding and oversight of the defi sector.
Lavrov Points Out 30 Countries' Keenness on BRICS Amid China-Saudi Agreement Challenging the US Dollar Russian Foreign Affairs Minister Sergey Lavrov announced that the BRICS bloc will expand in 2024, adding members like the UAE, Iran, and Saudi Arabia, with around 30 countries interested in partnership. Additionally, a significant currency swap deal between China and Saudi Arabia, valued at 50 billion yuan ($6.93 billion), is viewed as a challenge to the U.S. dollar's dominance. Elon Musk States He Doesn't Dedicate Much Time to Contemplating Cryptocurrency Tesla and SpaceX CEO, and chairman of X, Elon Musk, recently acknowledged that he does not spend much time focusing on cryptocurrency. Speaking in an X Space event hosted by Ark Invest CEO Cathie Wood, Musk, known as the "Dogefather," expressed greater interest in the broader concept of money and its associated dynamics, rather than cryptocurrency specifically. Nobel Laureate Robert Shiller Cautions that Seizing $300B in Russian Assets Could Lead to a 'Cataclysm' in the Dollar System Nobel Prize-winning economist Robert Shiller cautioned about the potential impact of Western countries confiscating Russian assets on the dollar-dominated financial system. He suggested that such an action could lead to a cataclysm, prompting nations that rely on the dollar as a reserve currency to shift their treasuries to alternative currencies, thereby affecting the dollar's stability. SEC Imposes Deadline for Spot Bitcoin ETF Applicants – Just 3 Days Remaining to Update Filings Ahead of Early January Decision The U.S. Securities and Exchange Commission (SEC) has given spot bitcoin ETF applicants until December 29 to complete their filing amendments. The SEC has informed issuers that only those applications updated and submitted by this Friday will be included in the initial phase of its decision-making process for 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.
