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Crypto, Bitcoin and Blockchain News Admin: @wanwangg More Crypto News: @BitcoinBreaking
🥇 Conflux to launch Bitcoin L2, testnet expected by March
According to Conflux, users can move Bitcoin (BTC) and inscription-powered assets between its blockchain and Bitcoin’s ecosystem. The new L2 network will run atop the main Conflux chain and use BTC for gas fees while supporting Ethereum-based smart contracts via the Ethereum Virtual Machine (EVM) standard.
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💰 Cathie Wood’s Ark Buys Its Own Bitcoin ETF
Cathie Wood’s Ark Investment Management LLC is snapping up shares of the firm’s just-launched spot-Bitcoin ETF as competition among the inaugural issuers escalates.
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💰 ProShares files for five leveraged and inverse bitcoin ETFs
ProShares on Tuesday filed prospectus materials for five leveraged and inverse bitcoin exchange-traded funds, just days after spot bitcoin ETFs began trading. The names of the funds are ProShares Plus Bitcoin ETF, ProShares Ultra Bitcoin ETF, ProShares UltraShort Bitcoin ETF, Proshares Short Bitcoin ETF and ProShares ShortPlus Bitcoin ETF.
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🇰🇷 South Korea looks to crackdown on crypto mixers via new regulations
The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission is spearheading the examination of potential regulatory frameworks.
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💰 Samson Mow believes Bitcoin will surge to $1 million 'within days or weeks' once supply crunch hits
JAN3 CEO and Bitcoin bull Samson Mow believes that Bitcoin will see a significant supply shock in the coming days that could potentially cause its price to surge to $1 million within a matter of ‘days or weeks.’
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💰 Blackrock CEO Larry Fink on Bitcoin: I'm a Big Believer — Its Bigger Than Any Government
Larry Fink, the CEO of Blackrock, the world’s largest asset manager, says he has become “a big believer” in bitcoin, emphasizing that it is “bigger than any government.”.
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🇺🇸 Terra’s Do Kwon Says US Extradition Possible by Mid-March
Terraform Labs co-founder Do Kwon could be extradited to the US by mid-March to face charges that he orchestrated a $40 billion cryptocurrency fraud scheme, his lawyer said
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💰 JPMorgan says spot bitcoin ETFs could see up to $36 billion of inflows in rotational capital
Spot bitcoin exchange-traded funds, which began trading in the U.S. today, are not anticipated to draw in a significant amount of fresh capital; instead, they may experience a shift of up to $36 billion in inflows from existing crypto instruments, according to JPMorgan.
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JUST IN: 💥 The 💰 Bitcoin ETFs have been officially approved!
Trading is expected to start tomorrow
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💰 SEC's Spot Bitcoin ETF Approval Post Unauthorized — Chair Gary Gensler Says SEC's X Account Was Compromised
The U.S. Securities and Exchange Commission (SEC)’s X account announced the approval of spot bitcoin exchange-traded funds (ETFs) on Tuesday. However, minutes later, SEC Chairman Gary Gensler claimed that the agency’s social media account was compromised and the post was unauthorized. Some suspect an internal SEC error behind the premature bitcoin ETF announcement.
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💰 Major Investments and Competitive Fees Unveiled: VanEck Leads with $72.5M in Spot Bitcoin ETF Seeding! 💡🌐
In a groundbreaking move, prospective spot Bitcoin ETF issuers have unleashed exciting details about their initial funding amounts, marking a pivotal moment in the crypto landscape! 📈💼
💎 VanEck Takes the Lead with a Solid $72.5 Million Seed Investment! 🚀🌐
Investment powerhouse VanEck emerges as a frontrunner, revealing a direct investment of $72.5 million to seed its potential spot Bitcoin ETF, as disclosed in the amended S-1 form. 💰🌟 Get ready for an epic journey with VanEck leading the charge!
🌟 Bitwise Lines Up $500,000 Seed, Pantera Capital Eyes $200 Million Interest! 🚀💡
Bitwise follows closely, seeding its proposed ETF with $500,000. Hold onto your seats as Pantera Capital expresses a whopping $200 million interest in the fund if approved. 📊💼 Excitement abounds, with a disclaimer that it's an indication of interest and not legally binding! 🔥🚨
💼 BlackRock Seeds Potential ETF with $10 Million! 💡🌐
Global asset giant BlackRock makes its move, seeding its potential spot Bitcoin ETF with a substantial $10 million, adding a touch of power to the competition! 💪💸
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🌐🚨 SEC Warns Against FOMO: Exercise Caution as Spot Bitcoin ETF Decision Looms! ⚠️💼
In a strategic move, the U.S. Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy has issued a vital FOMO warning on social media platform X, addressing the perils of the Fear of Missing Out (FOMO) as the cryptocurrency market anticipates a crucial decision. This advisory, the fifth in a recent series, offers insightful guidance for investors navigating the ever-evolving financial landscape. 📈💡
'NO GO to FOMO': SEC Advises Prudent Investment Choices
The SEC's Office of Investor Education and Advocacy delivers a resolute message: 'NO GO to FOMO.' Investors are urged to tread carefully, emphasizing that the popularity of an investment among peers doesn't automatically translate to its suitability for all. 💡🚫
Customize Your Investment Strategy: SEC Advocates Informed Decision-Making
The SEC encourages investors to adopt a personalized approach, aligning their investment choices with individual goals and risk tolerance. The advisory sheds light on the expansive realm of digital assets, encompassing cryptocurrencies, ICO tokens, meme stocks influenced by online trends, and non-fungible tokens (NFTs). 🔄💸
Spot Bitcoin ETF Decision on the Horizon: SEC's Prudent Caution
As the SEC approaches a pivotal decision on spot Bitcoin exchange-traded funds (ETFs), this timely cautionary note gains heightened significance. An eagerly anticipated announcement early next week could potentially shape the future landscape of Bitcoin ETFs, commencing from January 11. 📅🌟
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💰 BlackRock's Dual Unveiling: Bitcoin ETF Envisioned Amidst Strategic Workforce Shifts! 💹💼
In a dynamic revelation, BlackRock, the global financial behemoth, anticipates the approval of its Spot Bitcoin ETF this Wednesday, as disclosed by Fox Business. Concurrently, the firm prepares to announce strategic workforce adjustments, signaling a potential 3% workforce shift impacting around 600 employees. 🔄💪
🔄 Strategic Adaptations: BlackRock's Routine Workforce Calibration 🔍💼
Internally characterized as routine, the forthcoming workforce adjustments underscore BlackRock's strategic approach to align its personnel with the evolving dynamics of the financial industry. Following a similar process based on performance metrics initiated last year, these measures highlight BlackRock's proactive and forward-looking workforce strategy. 💡💼
📈 Market Resilience: BlackRock Shares Surge with a 6% Recovery in 2023 🚀📊
After navigating a challenging 2022 marked by a 21% dip in shares, BlackRock stages an impressive resurgence in 2023, recording a resilient 6% surge. This rebound is fueled by a substantial influx of $187 billion into BlackRock's Exchange Traded Fund (ETF) business, indicating a renewed vote of confidence from investors. 💹💰
💼 Strategic Fine-Tuning: BlackRock's Ongoing Workforce Optimization 🔄💼
Aligned with corporate objectives, BlackRock's periodic evaluations emphasize its commitment to strategic workforce optimization, ensuring agility in response to industry shifts. These proactive measures, part of an ongoing process initiated last year, underscore BlackRock's dedication to strategic evolution grounded in performance metrics. 💼🌐
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💰 Better Markets CEO Urges SEC Caution on Bitcoin ETF Approval: Potential 'Historic Mistake' ⚠️🤔
In a stark plea, Dennis M. Kelleher, CEO of Better Markets, a nonprofit organization, voices strong reservations against the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). Kelleher argues that such a move contradicts the fundamental principles of the regulatory body.
Investor Exposure to Fraud and Manipulation:
Kelleher raises a crucial concern, highlighting that the greenlighting of spot Bitcoin ETFs could expose investors to a market rife with fraud and manipulation—a longstanding issue that continues to plague the cryptocurrency industry. 🚨💰
Surge in Phishing Scams Amplifies Worries:
His warning comes at a time when phishing scams have seen a notable uptick, with over 324,000 crypto users falling prey in 2023. The collective losses amount to a staggering $295 million, emphasizing the growing need for heightened security measures. 🎣💔
Granting Unwarranted Credibility to Crypto Industry:
Kelleher also expresses concern that approval could inadvertently grant the crypto industry unwarranted credibility, allowing them to claim official approval by the U.S. government—a potential pitfall for unsuspecting investors. 🤯🏛
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💰 Crypto Tsunami: SEC Flooded with Spot Bitcoin ETF Applications as Decision Deadline Nears! 🚀💼
In a whirlwind of activity, asset managers are making waves, submitting registrations for their spot bitcoin exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC). With the first decision deadline on January 10, the crypto community is on the edge of its seat, speculating about a potential early call from the SEC.
📊 Titans Clash: Vaneck, Valkyrie, Grayscale, Fidelity, and Bitwise Enter the Ring! 🌟🔥
The competition is fierce as industry giants like Vaneck, Valkyrie, and Grayscale Investments threw their hats into the ring last Thursday. Fidelity strategically joined the fray on Wednesday, and Bitwise had already marked its territory the week prior. This dynamic lineup showcases the industry's united push toward paving the way for spot bitcoin ETFs.
🏛 Battle of the Exchanges: NYSE Arca, Cboe BZX, and Nasdaq Await Crypto Glory! 🌐🏰
The drama unfolds on the exchange battleground, with Grayscale and Bitwise eyeing the prestigious NYSE Arca. Vaneck and Fidelity prepare for a showdown on the Cboe BZX Exchange, while Valkyrie aims to make its mark on Nasdaq. The choice of exchange adds an extra layer of excitement to this unfolding crypto saga.
📜 Fidelity's Symphony: The Rise of the Wise Origin Bitcoin Fund! 🎶💡
Fidelity, a giant in the crypto space, reveals its strategy in the filing: "The securities to be registered hereunder are shares... of the Fidelity Wise Origin Bitcoin Fund." With approval secured for the listing of the trust's shares by the Cboe BZX Exchange, Inc., Fidelity solidifies its role as a significant player in the ever-evolving world of spot bitcoin ETFs.
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🪙 Cathie Wood’s Ark Invest Sells ProShares Strategy ETF (BITO) To Buy ARKB Spot Bitcoin ETF⚡️
Asset management firm Ark Invest founded by Cathie Wood has offloaded holdings in ProShares Bitcoin Strategy ETF (BITO). The move comes as Ark Invest looks to increase its holdings in the Ark 21Shares Spot Bitcoin ETF (ARKB) from funds earlier parked in the ProShares Bitcoin Strategy ETF, strategically readjusting in response to evolving market conditions.
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💰 Skybridge Founder Expects Bitcoin to Surpass $170,000 Next Year
Skybridge Capital founder Anthony Scaramucci expects bitcoin’s price to surge past $170,000 next year if the price of the cryptocurrency remains at the current level until the halving in April.
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⬜️ OKX Expands 🌐Global Foothold With VASP License From 🇦🇪Dubai Regulators
OKX secured a VASP license in Dubai, expanding its global presence, showcasing dedication to regulatory adherence, and leading in Web3 tech.
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Breaking:🆘 Bitcoin, Ethereum, & XRP Usher $1.18 Billion In Crypto Funds Inflow
Crypto asset investment products saw $1.18 billion inflows (subject to T+2 settlement), according to CoinShares weekly report on January 15. Despite the huge spot Bitcoin ETF hype, it fails to break the $1.5 billion record of futures-based Bitcoin ETFs in October 2021.
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🔵 Ethereum (ETH) Outperformed Bitcoin (BTC) During ETF Approval Week
While BTC has declined during the week it saw multiple ETFs approved, Ethereum has gone in the other direction, perhaps fueled by hype that it will also have exchange-traded products launching at some point.
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💰 Bitcoin Dumps To $42,000 Triggering $338 Million In Liquidations
Bitcoin’s spot ETF approvals prove to be a sell the news event amid a 10% daily drop for the crypto asset. According to Coinglass, over 101,000 crypto traders have been liquidated in the past 24 hours. The largest individual liquidation took place on a Bybit BTC/USD trade for $4.5 million. Most liquidations ($271 million) were on long positions.
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🥇 UBS and Citi Will Let Some Customers Trade Bitcoin ETFs
UBS, the Zürich-based banking giant, will let some clients who desire to trade bitcoin ETFs do so, subject to some conditions, according to a person familiar with the matter.
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👀 Robinhood To Launch Spot ETF Trading On Its Platform🧐🚀
Robinhood CEO unveils plans to launch spot Bitcoin ETFs, capitalizing on SEC's historic approval, marking a pivotal moment in crypto trading.
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🆘Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store
Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine entities were sent compliance show cause notices by the nation's government.
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⚡️JUST IN: BlackRock, VanEck file more S-1 updates just a day before expected approval date.
Price reaction: BTC's price dropped 3% in a matter of minutes and quickly recovered, almost fully paring the loss. 📉🚀
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💰 Bitcoin ETFs on the Horizon: Industry Titans Slash Fees in a Race to Approval! 💰🌐
In a game-changing move, industry behemoths like BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie have submitted amended S-1 forms, signaling the final step before potential approval for spot Bitcoin ETFs. The race for the coveted approval is reaching a crescendo! 🏁🌟
Amended S-1 Forms Filed: Bitcoin ETF Approval Inches Closer
Cryptocurrency enthusiasts are on the edge of their seats as key players file amended S-1 forms, marking the decisive phase before a potential green light for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all contenders in this thrilling pursuit. 📑🚀
Fee Wars in Full Swing: BlackRock Sets Sponsor Fee at 0.3%
In a strategic maneuver, BlackRock discloses its sponsor fee at 0.3%, with a surprising reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This fee cut sends shockwaves through the industry, prompting Bloomberg ETF analyst Eric Balchunas to remark, "Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke." 😱💼
VanEck's Strategic Play: Joint Lowest Permanent Fee at 0.25%
VanEck positions itself as a formidable player by opting for a joint lowest permanent fee among issuers at 0.25%. In the heated fee battleground, VanEck takes a calculated strategic stance. 🏆💸
WisdomTree's Brave Move: Sponsor Fee Set at 0.5%
WisdomTree takes a bold step by setting its sponsor fee at 0.5%, showcasing confidence in the value it brings to the table. Amid swiftly changing fee dynamics, WisdomTree aims to carve its identity in the crypto financial landscape. 💡💪
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💰 Gurbacs Unleashes Innovation: Bitcoin ETFs Poised to Reshape Investor Landscape! 🌐💎
VanEck adviser Gabor Gurbacs reveals a visionary breakthrough, advocating for Bitcoin Exchange-Traded Funds (ETFs) as a transformative solution to overcome unit bias hurdles and attract a new wave of investors. 🔄🚀
Unit Bias Challenge: Opening Doors to Fractional Bitcoin Investment
The psychological barrier of unit bias has deterred potential investors from embracing fractional Bitcoin ownership. Gurbacs proposes that Bitcoin ETFs offer a strategic solution, revolutionizing crypto investments by providing an accessible pathway for fractional ownership. 🛤💰
Social Media Spotlight: Gurbacs Ignites Conversations on X
Using the influence of social media, particularly X (formerly Twitter), Gabor Gurbacs sheds light on the widespread lack of awareness surrounding fractional Bitcoin ownership. He emphasizes the emotional satisfaction of holding complete assets, stating, "Owning a full share feels better than owning 0.001 Bitcoin. Seems like a small thing but it’s a big thing." 🚀📲
Market Wisdom through Biases: Gurbacs Deciphers Investor Sentiment
Acknowledging the ongoing debate on unit bias, Gurbacs underscores the vital role biases play in understanding market dynamics. "Simplistic but unit bias psychology matters a lot. I think about this a lot," he notes, delving into the nuanced factors influencing investment decisions. 🧠📊
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💰 VanEck to Donate 5% of Bitcoin ETF Profits to Core Developers! 🌐💰
Exciting news in the world of cryptocurrency as VanEck, a prominent ETF applicant, has just announced a groundbreaking commitment that could reshape the future of Bitcoin! 🚀 Pending approval from the U.S. Securities and Exchange Commission (SEC), VanEck vows to contribute a generous 5% of its Bitcoin ETF profits to the dedicated developers of the Bitcoin Core! 💻💸
🌟 A Lifeline for Bitcoin Core Developers! 💪
This commitment comes as a much-needed lifeline for the unsung heroes behind the world's first cryptocurrency network. Bitcoin Core developers have long faced challenges in securing sufficient funding for their crucial work. VanEck, with a rich history as an active ETF and mutual fund manager since 1955, holds a whopping $76.4 billion in assets under management as of September 2023.
🔗 Building Bridges with Brink! 🌐
VanEck's generous donations will flow through Brink, a non-profit organization dedicated to connecting donor funds with Bitcoin code testers and maintainers. 🤝✨ Brink's fellowship and grant partners include major crypto exchanges like BitMEX, Kraken, and Coinbase, fostering a collaborative effort for the betterment of the entire crypto community.
👏 VanEck's Commitment Goes Beyond Words! 📝
In a statement released on Friday, VanEck declared, “We're not Bitcoin tourists at VanEck. We're in it for the long haul.” The firm has already kickstarted its pledge with a $10,000 donation to the developers, showcasing a genuine commitment to supporting the backbone of the Bitcoin ecosystem.
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💰 Celsius Sparks Crypto Resurgence: $470M Ether Unstake Signals Financial Rebirth! 🚀💰
In a strategic move that reverberates across the crypto landscape, Celsius, the prominent crypto lending platform grappling with Chapter 11, announces a dynamic shift by unstaking a substantial $470 million in Ether. This audacious move aims to reshape the narrative of Celsius' financial journey, injecting newfound vitality into its recovery phase initiated in July 2022.
🌐 Financial Reinvention: Celsius' Unstake Paves the Way for Liquidity Reinforcement!
Celsius takes center stage in the crypto finance saga by embarking on an unstaking journey with its existing Ether holdings. This calculated move, initiated on January 5, is strategically designed to bolster liquidity, ensuring a robust financial foundation and potential asset distributions. Celsius, amid the complexities of Chapter 11, positions itself for a financial renaissance.
🔄 Unlocking Potential: Ether Unstake Catalyst for Financial Complexity Resolution
The unstaking of Ether emerges as a crucial catalyst in Celsius' intricate financial restructuring. Beyond the mere unlocking of value, this strategic maneuver is poised to expedite Celsius' commitment to users awaiting the return of their funds for over 18 months. Celsius aims to distribute either Bitcoin or Ether as part of its comprehensive recovery plan.
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💰 Fidelity, Grayscale, and VanEck Accelerate Towards Spot Bitcoin ETF Horizon! 🚀🌈
Hold onto your digital wallets! The crypto cosmos is buzzing with excitement as Grayscale and VanEck join the ranks, filing their Form 8-A, marking a collective stride towards the much-coveted spot bitcoin exchange-traded fund (ETF). The trio, including Fidelity, is setting the stage for a revolution in the world of cryptocurrency investments.
📈 Form 8-A: The Gateway to Crypto Prosperity Unveiled! 🌐💼
The recent submission of Form 8-A isn't just paperwork; it's the key to the kingdom, granting issuers the freedom to trade on an exchange post-regulatory approval. Grayscale and VanEck's synchronized move is akin to a cosmic alignment, aligning perfectly with the imminent decision from the Securities and Exchange Commission (SEC).
💎 Grayscale's Epic Saga: From Courtroom Triumph to ETF Aspirations! 🏛✨
Grayscale, the trailblazer of the crypto frontier, is on a quest to transform its flagship fund into a spot bitcoin ETF. A triumph in the courts this August set the stage, compelling the SEC to reevaluate, and Grayscale is now poised to launch the Grayscale Bitcoin Trust (GBTC) into the ETF stratosphere upon regulatory green lights.
🚀💪 Heavyweights Collide: BlackRock and Fidelity Spark Crypto Thunder! 🌐⚡️
But wait, there's more! The crypto arena witnesses a clash of titans as BlackRock and Fidelity make their moves over the past year. The crypto battlefield is heating up, illustrating the growing demand for regulated crypto investment avenues. Investors are bracing for impact as the SEC decision looms.
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