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FameEX Morning Crypto News Recap | January 2, 2024
2024-01-02 12:20:15
Sources Indicate SEC May Greenlight Spot Bitcoin ETFs by Tuesday or Wednesday
According to a recent report, the U.S. Securities and Exchange Commission (SEC) might reach a decision on approving spot bitcoin exchange-traded funds (ETFs) by Tuesday or Wednesday. This news comes as excitement grows for the potential launch of the first U.S. spot bitcoin ETFs, following updates to their filings by major asset managers with the SEC last week.
Top 5 Mining Pools Prevailed in 2023, Uncovering More Than 84% of Bitcoin Blocks
In the year from December 30, 2022, to December 30, 2023, a total of 54,002 bitcoin blocks were mined. Foundry USA emerged as the industry leader, mining 16,492 of those blocks. Throughout this period, miners dealt with 27 difficulty adjustments, mainly increases, and remarkably drove the hashrate to an all-time high.
Market Landscape Alters with a 63% Year-Over-Year Decline in NFT Sales Recent data on non-fungible tokens (NFTs) shows that sales reached $8.70 billion in 2023, marking a significant decline. Compared to the previous year, this represents a $15.04 billion decrease in NFT sales, equating to a 63.35% reduction from the prior year's figures. Donald Trump Predicts Stock Market Crash and Great Depression if Not Reelected as President Former U.S. President Donald Trump cautioned that a loss in the upcoming presidential election could plunge the U.S. into an economic crisis surpassing the 1929 stock market crash and leading to a Great Depression. He emphasized the current poor state of the U.S. economy and noted that inflation in the last three years has significantly eroded consumer purchasing power. Bitcoin Network Sets New Daily Transfer Record on New Year's Eve, Exceeding 731,000 Transactions On New Year's Eve 2023, the Bitcoin network achieved a new milestone by processing an impressive 731,351 transactions in just one day. This surpassed the previous record of 723,459 transactions, set on Christmas Eve of the same year, marking a significant moment in the network's history for transaction volume. Bitwise Proposes $200 Million Initial Investment in Spot Bitcoin ETF, Revealed in SEC Filing In an updated submission to the U.S. Securities and Exchange Commission (SEC), Bitwise disclosed its intention to seed its spot bitcoin exchange-traded fund (ETF) with a substantial $200 million. This amount notably surpasses the $10 million seed investment Blackrock has committed to its own spot Bitcoin ETF, slated for January 3. Billionaire Mark Cuban Criticizes SEC, Calls Current Crypto Regulation Insufficient Billionaire Mark Cuban, known for "Shark Tank" and owning the NBA's Dallas Mavericks, has criticized the U.S. Securities and Exchange Commission (SEC), likening it to “the Quickbooks of financial regulation” and asserting that it fails to adequately protect consumers. He also emphasized the insufficiency of the Howey Test in addressing all scenarios in the cryptocurrency space. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
