Final Stage in Bitcoin ETF Decision
Several companies, including ARK21Shares, VanEck, Fidelity, and Grayscale, have filed the necessary paperwork with the SEC for a Bitcoin ETF. A decision on the ETF race is expected soon, and there is a high likelihood of SEC approval.
Additionally, World Funds Trust has entered the race with six Bitcoin ETF filings.
Regulatory Scrutiny Over Crypto Scams
The Australian consumer watchdog is facing criticism for not warning against the potentially fraudulent HyperVerse crypto scheme. In Taiwan, ACE founders have been arrested for crypto fraud, with potential losses in the millions.
Coinbase’s New UK Investor Assessment
Coinbase has introduced a risk acknowledgment form for UK clients to comply with upcoming FCA regulations. This form aims to ensure that users make informed trading decisions for high-risk investments.
Security Breach at Gamma Strategies
Gamme Strategies, an Ethereum-based protocol, experienced a security breach resulting in a reported loss of $3.4 million. The protocol has suspended all deposit activity and is offering a bounty for the return of stolen assets.
Ex-Citigroup Executives Launch Bitcoin Securities
Former Citigroup executives have announced the launch of Bitcoin depository receipts targeting global institutional investors and bypassing U.S. SEC regulations.
Ark Invest’s Strategic Moves in the Market
Ark Invest, led by Cathie Wood, sold Coinbase shares worth over $25.3 million and purchased Tesla shares, indicating a strategic shift in their investment portfolio.
Huobi Korea Ceases Crypto Exchange Services
Huobi Korea will terminate its local virtual asset trading services by January 29 but will continue to support customer asset withdrawals.
SEC Lawsuit Against Binance Moves
The SEC has filed a notice in its lawsuit against Binance, citing the Terraform Labs case as supplemental authority. This development will impact the SEC’s lawsuit against Binance, Binance.US, and founder Changpeng ‘CZ’ Zhao.
2023 Crypto Inflows Impressive
In 2023, crypto investment products saw significant growth, with inflows totaling $2.25 billion, marking the third-largest year of inflow since 2017. These inflows were 2.7 times higher than those of 2022.
U.S. Government’s Bitcoin Holdings
The U.S. government holds a substantial Bitcoin stash valued at least $8.3 billion, surpassing corporate players like MicroStrategy. This figure includes the government’s recent seizure of 70,000 BTC.
Hot Take: Crypto News Highlights and Updates
Crypto news is constantly evolving, from regulatory decisions to market shifts. Stay tuned here for more highlights and updates in the rapidly changing digital asset world.
By
By
By
By
By