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  • Spot Bitcoin ETF Trading Day 1: $4.6B

Spot Bitcoin ETF Trading Day 1: $4.6B

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Anyone else trading with the Spot Bitcoin ETF yet? Well if you use Vanguard, Charles Schwab or Merrill - you can’t! This has caused a ‘crypto bro outrage’ and many transferring retirement + other accounts so they can have access via another brokerage. People really want in on this $6B action! That’s right, as of this newsletter release, nearly $6B in trading volume has been transacted for these ETFs!

Plenty of other news about Decentralized Recovery for crypto wallet recovery; Circle’s IPO plans; and Cathie Wood’s insane 🐂Bullish $BTC prediction 🚀 Keep on Scrolling 🖤

  • The SEC approves all 11 applicants for Bitcoin ETF trading (CD)

  • Gary Gensler releases statement on Spot Bitcoin ETF approval (WG)

  • Vanguard is blocking all Spot Bitcoin ETF investment trades (BW)

  • X removes support for NFT profile pictures (TC)

  • Ripple commits to buying back over $285M in shares (BW)

  • Stablecoin firm Circle, issuer of $USDC, files for Initial Public Offering (RT)

  • A single Bitcoin whale moved $550M+ to Coinbase in just 4 transactions (@WhaleWire)

  • Bitcoin ETFs crush first-day trading records (3.5x Gold ETFs)

  • Finoa reaches $100M valuation with $15M strategic funding from Maven11 and Balderton (BLOCK)

  • Lightspeed Ventures, Kraken Ventures and other top investors back web3 developer platform Pontem with $6M (NFTG)

  • Ta-da complestes $3.5M funding round from layer-1 protocol(TD)

  • Kasu secures $3M from Woodstock, Morningstar Ventures, and Faculty Group for real world asset lending (GNW)

  • Bracket Labs raises a $2M pre-seed round from Binance Labs (season 5 incubation cohort), FJ Labs, Cypher Capital and other notable crypto firms to support their volatility trading product, Passage (YF)

  • VC investment in crypto has plunged, with 2023 recording $9.5B invested (P)

  • Female-founded web3 startups received <7% of web3 venture dollars invested in 2023 (CT)

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  • South Korean regulators give warning about U.S. Bitcoin ETF approval (CT)

  • Senators are demanding an explanation for fake approval tweet (M)

  • Multiple Exchanges served notice by Indian government removed from apple store (CD)

  • Nigerias central bank greenlights stablecoin for February launch (CT)

  • El Salvador President tweets about Bitcoin entry before Wall Street (@nayibbukele)

  • Did SEC’s X account actually get compromised (TD)

  • FTX Creditors seek court guidance to not value crypto assets based on 2022 low prices (CT)

  • Secret Network and Hacken partner up to strengthen web3 privacy (PRW)

  • North Korea was responsible for $600M in crypto theft in 2023 (CD)

  • Euler co-founder loses $3.8M in governance tokens after hardware failure (DLN)

  • Hedera and Algorand partner to bring a decentralized wallet recovery system (M)

  • ETH inflows saw a $30M surge before ETF approval (CN)

  • Ether jumps 20% as BlackRock plans for ETH ETF next (CT)

  • Wall Street analysts believe ETH ETFs now have ‘straight shot’ for approval (CT)

  • ETH Whales are lurking and collecting 4.5K+ ETH (U)

  • Ethereum developers announce concerns regarding Buterin’s proposal to increase gas limits 33% (CT)

  • Cathie Wood reveals 25% of her $250M+ net worth is in Bitcoin (@BitcoinMagazine)

  • Phoenix acquires Bitcoin mining machines for $187M (M)

  • $9M $Dogwifhat memecoin investment believed to be marketing stunt, loses 60% to slippage (CD)

  • 90% of bitcoin addresses are currently profitable (@intotheblock)

  • Grayscale releases newest Bitcoin ETF commercial (@Grayscale)

  • BitWise plans to donate 10% of profits to Bitcoin open-source development (@WatcherGuru)

  • Cathie Wood predicts Bitcoin’s Bear case to be $250k… Check out her Bullish prediction 👀 (@AltcoinDailyio)

  • Crypto Bro’s took to X (Twitter) to boycott multiple leading investment firms that will not offer Spot Bitcoin ETFs #BoycottVanguard

  • 3 reasons web3 has failed its original vision (@sullydoesitall)

  • Why DAOs need privacy for governance (M)

  • MakerDAO wants 2024 to have a “DeFi Summer” (CTM)

  • Venture Capital within NFTs & Web3 x Sports (SC)

  • Experts discuss importance of attracting blockchain developers for L1, L2, and ZK-rollup technology (CT)

  • Decentralized streaming platforms could be the next big thing in music and other streaming services (Callum Carlstrom)

  • Decentralized Recovery (DeRec) will revolutionize wallet security and recovery, spearheaded by Leemon Baird (CSM)

  • Bitcoin and crypto market take a 5% hit in last 24hrs even with ETF inflows

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