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- Gensler's Crypto Advice As ETF Decision Looms
Gensler's Crypto Advice As ETF Decision Looms
🚩 SEC's Gensler Cautions on Crypto
Gensler's Warning on Crypto: SEC Chair Gary Gensler warns about the high risks of crypto investments, emphasizing their volatility and past platform insolvencies.
ETF Approval Awaited: The crypto industry awaits SEC's decision on proposed spot bitcoin ETFs, with major firms like ARK Investment having filed applications.
Consistent Cautious Stance: Gensler maintains his cautious approach to cryptocurrencies, not indicating a stance on the pending ETF approvals. Read More.
️ On today's Top Picks:
- 📝 Bitcoin ETF issuers submit S-1 final amendments.
- 💸 Satoshi Nakamoto receives ~$1.2M in Bitcoin.
- 🪂 Manta airdrop for Celestia stakers.
- 🔓 Aptos $APT token unlock worth ~$224.6M.
Read time: ⏰ 3-9 minutes
Crypto News
• ⭐️ Bitcoin ETF issuers submit S-1 final amendments amid upcoming SEC decision.
• ⭐️ Satoshi Nakamoto receives ~$1.2M in Bitcoin from unknown user.
• Bitcoin produces no blocks for two hours due to mining difficulty & total hash rate variation.
• VanEck donates $10K & pledges to donate 5% of Bitcoin ETF profits to Bitcoin Core devs.
• CleanSpark purchases 160,000 Bitmain S21 miners for $193.2M.
• Coinbase to purchase a company holding a Mifid II license to offer crypto derivatives in the EU.
• Mercari, a Japanese e-commerce company plans to accept Bitcoin payments by June.
Alpha
• Manta New Paradigm deposits end January 16th.
• Burnt launches Blaze Syndicate Community Program.
• Parallel Network First Contact quest is live on Galxe.
Airdrops
• ⭐️ Manta likely to airdrop $MANTA to Celestia $TIA stakers.
• Aevo posts, "🔜," on X hinting at potential snapshot or airdrop.
• Ambient airdrop strategy by CryptoSnooper.
• RedStone airdrop strategy by CryptoSnooper.
• MilkyWay airdrop strategy by CryptoSnooper.
Finance News
• Ark Invest sells another ~$21M worth of Coinbase $COIN shares.
• Blackrock $BLK to reduce global workforce by 3% as part of routine internal adjustments.
• Boeing $BA stock dips ~8% in premarket trading amid temporary grounding of Boeing 737 Max 9 aircraft.
• Apple $AAPL iPhone sales drop 30% in China during first week of 2024.
• Evergrande NEV shares plunge ~23% after executive director is detained.
• Ziraat Bank secures $500M financing from Eximbank of China.
Security and Exploits
• MangoFarm SOL rug pulls after it promises airdrop.
• CoinsPaid exploited for $7.5M due to security breach.
• H3idi releases checker for malicious permit approvals.
• SlowMist issues security alert regarding fake journalist phishing scam.
Token Unlocks
• Moonbeam / 3.04M $GLMR / ~$1.2M / JAN 10
⭐️ • Aptos / 24.84M $APT / ~$224.6M / JAN 11
• CyberConnect / 1.26M $CYBER / ~$9M / JAN 14
Funding
• Saros, defi super-network built on Solana; raises $3.75M in private funding.
• CharacterX, a web3 AI character network; raises $2.8M in Seed funding.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
Solv Funds (Arbitrum) | USDT | 108.79% |
Beefy (Ethereum) | MKUSDUSDC | 53.70% |
Vela Exchange (Arbitrum) | USDC | 40.87% |
Pendle (Arbitrum) | GDAI | 38.95% |
Abracadabra (Arbitrum) | MIMUSDCUSDT | 31.08% |
Aura (Ethereum) | DOLAUSDC | 30.10% |
Merkl (Arbitrum) | USDCDAI | 28.44% |
PancakeSwap AMM V3 (BSC) | USDTFDUSD | 28.16% |
+$600,000,000 in airdrops was lost |
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That’s it for today’s edition! See you soon.
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