SEC Approves Bitcoin ETFs

📈 SEC Greenlights Bitcoin ETFs

Approval of Spot Bitcoin ETFs: The SEC has approved 11 spot bitcoin ETFs, including those from Bitwise, Grayscale, and BlackRock. The proposals align with Exchange Act rules, enabling listing on exchanges like NYSE Arca.

Rapid Inflows Expected: Companies expect substantial initial inflows into these ETFs. Valkyrie predicts $200-$400 million for its ETF, while overall inflows could reach $4-$5 billion in the first weeks.

Preparation and Competition: Issuers are preparing with seed funding; for instance, VanEck has invested $72.5 million in its ETF. Bitwise offers the lowest fees, initially zero until reaching $1 billion in assets. Read More.

️ On today's Top Picks:

  1. ⛽ Vitalik supports idea of increasing gas limit.
  2. 🔼 Starknet v0.13.0 upgrade proposal passes.
  3. 🪂 Xai $XAI airdrop is live.
  4. 👾 SEC X account compromised.

Read time: ⏰ 9 minutes


Crypto News


Pantera Capital to invest $200M in Bitwise Bitcoin ETF.

• ⭐️ Vitalik Buterin supports idea of increasing gas limit.

Jamie Dimon, CEO of JPMorgan states Bitcoin does not have value.

X ends NFT profile picture support.

Celsius to notify users who withdrew more than $100K before bankruptcy to return part of funds.

Binance, Kraken, Huobi, & more removed from Indian Apple app store amid compliance notices.

Bitfinex removes products and services for certain UK customers due to regulatory requirements.

BitGo secures in-principle approval to operate as a Major Payment Institution (MPI) in Singapore.

CFTC advisory committee calls on government to work towards understanding defi.

Jesse Pollack shares Base's mission & top priorities for 2024.

Solana Foundation reports improved developer onboarding and retention in 2023.

Laser Digital and WebN Group unveil Libre protocol, a fund tokenization infrastructure built with Polygon CDK.

Fox collaborates with Polygon to launch Verify, a blockchain-based media platform.

Ripple $XRP to purchase $285M of shares from early investors.

Evmos departed co-founder to return 59.4M $EVMOS worth ~$7.1M to Evmos Foundation.

Alpha


EigenLayer to unpause restaking caps and introduce three new LSTs January 29th.

• ⭐️ Starknet v0.13.0 upgrade proposal passes enabling cost reductions and sets up for fee payment by $STRK.

RhinoFi launches Silver Rhino Quest on Starknet Quest.

AltLayer announces Nitrogen, an Arbitrum Orbit testnet using Celestia.

Manta Network launches Manta New Year 2024 Campaign on Galxe.

RhinoFi launches Manta Pacific NFT's.

Bebop whitelists new batch of addresses for Bebop beta.

C3 self-custodial exchange launches public mainnet.

Pixels $PIXEL alpha thread by Layergg.

Airdrops


• ⭐️ Xai $XAI airdrop is live.

EtherFi releases 2024 roadmap illustrating token generation event (TGE) scheduled in April.

DeBridge airdrop strategy by Crypto Snooper.

BracketX airdrop strategy by Alpha Drops.

Starrynift airdrop strategy by mztacat.

Finance News


Marathon Digital $MARA, a Bitcoin mining firm was the most traded stock on Monday.

X to launch peer-to-peer payments this year.

Microsoft $MSFT investment in OpenAI could face EU merger probe.

Microsoft $MSFT closing in on Apple $AAPL as most valuable company.

Amazon $AMZN lays off hundreds of employees in its Prime Video and MGM Studios divisions.

Unity $U to lay off 25% of its staff as part of corporate restructuring plan.

Security and Exploits


• ⭐️ SEC X account compromised due to lack of 2FA, fake Bitcoin ETF approval announcement posted.

Coingecko X account compromised, fake airdrop posted.

SlowMist publishes Solana security guide on Medium.

Hackers targeting vulnerable MS SQL servers across the US, EU, and LATAM.

Token Unlocks


• Moonbeam / 3.04M $GLMR / ~$1.2M / JAN 10
• Aptos / 24.84M $APT / ~$219.6M / JAN 11
• CyberConnect / 1.26M $CYBER / ~$8.9M / JAN 14


Funding


Finoa, a crypto custodian and staking services provider; raises $15M in Strategic funding led by Maven 11 Capital and Balderton Capital.

OORT, a decentralized cloud service; raises $10M in funding.

Altitude, an automated defi loan management platform; raises $6.1M in Seed funding.

Entangle, an interoperable data infrastructure platform; raises $4M in Seed & Private funding.

Ta-da, an AI data collection platform; raises $3.5M in funding.

Ringfence, a creative rights platform; raises $1.5M in Seed funding led by Rarestone Ventures & Morningstar Ventures.

Polyhedra, an infrastructure for Web3 interoperability; raises an undisclosed amount in funding from OKX Ventures.

The Degen Farmer

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PROTOCOLASSETSAPY
Solv Funds logoSolv Funds (Arbitrum)USDT113.52%
Vela Exchange logoVela Exchange (Arbitrum)USDC44.79%
Beefy logoBeefy (Ethereum)MKUSDUSDC38.94%
Merkl logoMerkl (Arbitrum)STEURUSDC36.16%
Pendle logoPendle (Arbitrum)GDAI35.07%
DeltaPrime logoDeltaPrime (Arbitrum)USDC34.05%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT33.01%
Aura logoAura (Ethereum)DOLAUSDC31.96%
. . .

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. . .

That’s it for today’s edition! See you soon.

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