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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)
BITCOIN SHATTERED ETF RECORDS
Over $4.6 BILLION in volume on opening day!
Gold ETF held the previous record at $1.63 billion on opening day back in 2004
— borovik.eth (@3orovik)
9:14 PM • Jan 11, 2024
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
Holy shit, it happened.
#BoycottVanguard is trending.
Proud.
— The Wolf Of All Streets (@scottmelker)
4:13 AM • Jan 12, 2024
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
Image provided by Coin360
“Insider trading is called ‘alpha’ in Web3, we’ll be fine”
— Alan Carroll (@alancarroII)
3:31 PM • Jan 9, 2024
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