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Good Morning,

Here's a quick preview of today’s content: Spot ETFs for Solana get temporarily rejected, Charles Schwab announces they are very bullish on Bitcoin, Tezos launched a new marketplace, Telegram’s founder is finally questioned, and much more

Happy Monday, let’s dive in.

Market Snapshot

• BTC fell 2% from the six-figure landmark in the Asian session, leading to a dive across majors

• That slide led to $300M in longs, or bets on higher prices, to be liquidated, with futures tracking smaller altcoins and meme tokens recording higher losses than BTC or ETH futures

• BTC’s failure to remain above the $100,000 market is another concerning sign for a continued rally, some say

Headline Roundup
^{_{The major headlines driving crypto markets}}

• US Bitcoin ETFs have seen ~$10B in inflows since Trump’s election win (BBG)

• Charles Schwab forecasts that Bitcoin's price could reach $500K-$1M if Trump establishes a Bitcoin reserve (TD) 

• Coinbase reveals that the FDIC halted crypto banking in 2022 (CD) 

• Telegram founder, Pavel Durov, questioned for the first time in a Paris Court (CT) 

• NFT sales volume started off strong in December, led by Ethereum (CT) 

• The Senate Banking Committee is scheduled to vote on Caroline Crenshaw's SEC commissioner renomination (BN)

• Popular charting solution Tradingview integrated Coinbase’s perpetual cryptocurrency swaps (FM)

• Crypto fraudster David Smillie fined $18.4M for defrauding customers (CBC) 

• Ethereum’s largest re-staking protocol, Eigenlayer, upgrades its staking program (CT) 

• Canadian fintech Nuvei launches payment settlement using stablecoin for merchants in Latin America (CT) 

• Cardano Foundation's official X account was hacked to promote an ADAsol scam, generating $500K in trading volume (CT)

• Naoris Protocol unveils ground-breaking technology for cybersecurity and digital trust (BT) 

• RWA web3 startup Lingo announces a strategic partnership with Stewards Investment Capital (ZC)

• AnaxiLabs teams up with Carnegie Mellon University’s Cylab to announce compiler network for cryptography (DH) 

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Launches

• Tezos launched a new blockchain-based uranium marketplace (BT)

• Newly launched digital media ecosystem Myriad teams up with the Pudgy Penguins to launch its first community-oriented campaign (DC) 

Regulation

• SEC is set to reject Solana ETFs (CT)

• US Treasury Secretary Yellen calls for stronger cryptocurrency regulations (DSD) 

• Hybrid crypto exchange GRVT secures Bermuda license (CT) 

• Former Fed President Bill Dudley warns that a strategic Bitcoin reserve offers no benefits (DH) 

• Czech Republic to exempt crypto held over three years from taxes (CT) 

• Memecoin launchpad PumpFun banned in the UK (CD) 

Cybersecurity

• According to Web3 security firm Perckshield, November crypto crime reached $85.5M, bringing yearly losses to $2.4B (AC)

Extra Reads

• Venture capitalist David Sacks has been tapped to serve as President-elect Trump’s White House czar for artificial intelligence (AI) and cryptocurrency, taking on a newly created role to lead the administration’s policy on the two technologies.
  
  Here is a full breakdown of his stance on crypto

Meme Dump

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