Bitcoin
The banking giant is reportedly considering an authorized participant role for spot bitcoin ETFs, which many expect to receive SEC approval this month.
BTC retreated to as low as $41,800 Wednesday morning, down from a high of $45K Tuesday as pundits, quants and other crypto gadflies analyze every utterance, rumor and on-chain metric to make sense of the price swing.
The first Bitcoin block was mined by Satoshi Nakamoto, the cryptocurrency’s pseudonymous creator, in 2009, and there are several interesting mysteries associated with it.
The approval of a spot Bitcoin ETF in the United States is likely to help spot ETF offerings — as well as Bitcoin’s overall development — in other parts of the world.
DeFi
The Dec. 31 breach capped a year when crypto hacks and scams totaled nearly $2 billion, down 50% from the previous 12 months.
Easing inflation and anticipation that the Fed may cut interest rates also helped to drive the price of bitcoin to its highest point in almost two years.
Ethereum
ARB’s milestone comes less than one week after OP, the token of rival layer-2 rollup Optimism, reached an all-time high.
The nonprofit organization announced plans to purchase joke and humor-based tokens for a $100 million portfolio “to recognize and encourage the culture and fun symbolized by meme coins.”
Business
The crypto exchange will delist eight tokens for failing to meet its listing criteria, including privacy tokens XMR, DASH, ZEC and ZEN.
A federal district judge issued summary judgments siding with the SEC in a case that resulted in $45 billion in losses, but ruled that the parties must move to a trial on fraud charges.
