🔜 BTC ETF Imminent

Advertise with us | Our Newsletters

Good Morning!

We hope you had a great Christmas and New Year.

We’re now in 2024, with traditional markets looking healthy and a Bitcoin ETF decision imminent, things are looking good.

Let’s dive into the news. 👇️ 

Markets

Bitcoin Spot ETF Anticipation Boosts BTC Price to Nearly $46K in Strong Start to 2024 (2 minute read)
The price of Bitcoin surged at the beginning of 2024, marking a gain of over 7% within a 24-hour period and reaching approximately $46,000, its highest level since April 2022. This upward momentum is attributed to the prevailing anticipation surrounding the potential approval of several spot bitcoin ETF’s by the U.S. SEC.

Recent reports from Reuters indicate that the regulatory agency might start notifying ETF sponsors about approvals as early as Tuesday. Notable players in traditional finance, including BlackRock and VanEck, are among the 13 companies vying for approval, potentially intensifying buying pressure on bitcoin. Despite this optimistic outlook, opinions among market commentators and analysts are divided on the actual impact of ETF approval.

The decade-long road to (possible) spot bitcoin ETF approval (3 minute read)
In the imminent days, the U.S. Securities and Exchange Commission is poised to potentially approve ETFs directly holding bitcoin, a development that has garnered increasing optimism in recent months. To trace the journey leading to this pivotal moment, we look back at the initial attempts, which began on July 1, 2013, when Cameron and Tyler Winklevoss filed for the launch of the Winklevoss Bitcoin Trust, coinciding with a bitcoin price of approximately $100. The SEC, however, rejected the Winklevoss proposal, citing concerns about the unregulated nature of the bitcoin market and the potential for fraudulent or manipulative practices. Subsequent to the Winklevoss attempt, others pursued similar paths, although not all ventures reached the rejection stage initially.

Michael Saylor begins selling $216M in MicroStrategy stocks for more Bitcoin (2 minute read)
MicroStrategy's executive chairman, Michael Saylor, has initiated a four-month process of divesting $216 million worth of his shares in the company, as previously indicated, with the intention of allocating a portion to acquire more Bitcoin. As per a filing with the U.S. Securities and Exchange Commission on January 2, Saylor revealed the commencement of selling his 315,000 stock options awards, initially granted to him in April 2014, and set to expire on April 30, 2024. During MicroStrategy's third-quarter earnings call on November 2, Saylor outlined his plan to sell 5,000 MSTR shares daily over the next four months, addressing personal obligations while simultaneously increasing his Bitcoin holdings.

Tech

Here’s Ethereum’s Roadmap for 2024, According to Vitalik Buterin (2 minute read)
Vitalik Buterin, the co-founder of Ethereum, has unveiled the roadmap outlining the network's plans and upgrades for 2024. In a series of tweets, Buterin highlighted that the 2024 roadmap exhibits minimal deviations from the 2023 plan, emphasizing key focuses such as the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge.

Following the successful completion of the Merge in September 2022, the Ethereum network is now prioritizing the implementation of Single Slot Finality (SSF). This post-Merge phase aims to address current weaknesses by enhancing the efficiency of Ethereum's consensus mechanism through SSF. By allowing blocks to be proposed and finalized in the same slot, SSF could significantly reduce time-to-finality by 15 minutes, presenting a crucial solution to Ethereum's Proof-of-Stake (PoS) challenges, according to Buterin. Subsequently, the roadmap introduces the Surge phase, with a target of achieving 100,000 transactions per second on rollups.

Radiant Capital reportedly hacked for $4.5 million worth of ETH (2 minute read)
The cross-chain lending protocol, Radiant Capital, fell victim to a hack involving the theft of 1,900 ETH (equivalent to $4.5 million). The breach exploited a familiar vulnerability, taking advantage of a specific time window following the activation of a new market in the lending system. According to PeckShield, the security incident occurred a mere six seconds after the activation of the new usdc market. Radiant Capital, addressing the situation in a post, assured users that no current funds are jeopardized, and normal operations will resume once the investigation is concluded.

Misc

Here’s When to Expect the Jupiter JUP Airdrop for Solana DeFi Users (3 minute read)
Navigating the upcoming wave of token airdrops can be challenging, but Solana users have a noteworthy one on the horizon: the introduction of JUP, the token associated with the decentralized exchange (DEX) aggregator Jupiter.

Initial expectations pointed to a January launch for Jupiter, but now there's a more specific timeframe to anticipate. Meow, the pseudonymous founder, recently indicated that the token airdrop is slated for the last week of the month after considerable preparation in what the team has humorously dubbed "Jupuary."

Meow tweeted about the anticipated launch, emphasizing collaboration to tackle the extensive workload. The team is still focused on communication, establishing early infrastructure like liquidity pools and minting functionality, and ensuring all eligible users can claim JUP, a process dubbed as "ensuring no cats left behind." The planned launch follows three weeks of finalizing details in collaboration with the community.

🐥 Best of Twitter

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in the wider investing world. Check out our flagship publication.