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💬 Grayscale CEO Michael Sonnenschein believes that not all of the 11 approved spot ETFs in the U.S. will survive.
In an interview with CNBC, he also attributed the fund's high fees (https://t.me/forklog/35161) to Grayscale's reputation and pool of clients. He said other issuers are trying to attract investors with commission incentives. This could ultimately call into question their long-term commitment to bitcoin.
That could leave two or three issuers in the market to concentrate liquidity, Sonnenschein suggested.
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📌 How are things going with ETFs in the Asian region?
◽️ Hong Kong-based investment firm VSFG plans to launch its spot bitcoin ETF in the first quarter and has set a goal of reaching $500 million in AUM by the end of the year.
◽️ South Korea's Office of the President has asked (https://forklog.com/news/v-yuzhnoj-koree-prizvali-peresmotret-pozitsiyu-po-spotovym-bitkoin-etf) the local Financial Services Commission to reconsider its stance on spot bitcoin-ETFs.
◽️ Singapore's regulator is not ready to launch spot bitcoin-ETFs at this stage due to the volatile and speculative nature of cryptocurrencies, but allows investment in foreign products through licensed brokers.
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📌 How are things going with ETFs in the Asian region?
◽️Гонконгская investment firm VSFG plans to launch its spot bitcoin ETF in the first quarter and has set a goal of reaching $500 million in AUM by the end of the year.
◽️Канцелярия South Korea's president has asked the local Financial Services Commission to reconsider its stance on spot bitcoin-ETFs.
◽️Регулятор Singapore is not ready to launch spot bitcoin-ETFs at this stage due to the volatile and speculative nature of cryptocurrencies, but allows investment in foreign products through licensed brokers.
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🐋 An unknown user bought the SatoshiVM (SAVM) token immediately after the launch and three hours later recorded a $6.77 million profit, Lookonchain analysts noticed.
The trader spent 277.66 ETH (~$681,000) to buy 2.61 million SAVM. He additionally paid a commission of 141.66 ETH (~$347,000) to be first in line to buy the coin.
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🔑 Security through obscurity: how OKX stores users' bitcoins
Centralized exchanges prefer to hide the security mechanisms of funds, guided by the principle of security through obscurity. The less an attacker knows about the inner workings of a trading platform, the harder it is to exploit potential vulnerabilities.
However, the OKX team believes that customers have the right to know how the platform stores their funds. Transparency is one of the key principles of bitcoin and what differentiates the crypto industry from TradFi.
In this article, let's talk about OKX's cold and hot wallet system, as well as the Proof-of-Reserves audit of this trading platform.
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📅 The SEC has postponed a decision on Fidelity Investments' application to launch a spot Ethereum-ETF until March.
Industry experts believe that the regulator will make a decision in May, when the deadline expires.
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🎨 Collectible cards from Donald Trump's NFT collection have been released in the form of bitcoin-Ordinals. A total of 200 inscriptions have been created.
They will be given away for free to those who buy 100 or more of Trump's NFT Mugshot. According to the announcement, more than half or 101 Ordinals have already found owners.
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Update: Since the announcement of the second-generation Saga smartphone, the Solana Mobile team has received more than 30,000 pre-orders.
This is more than the sales volume of the first version for the whole of last year.
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⚙️ MetaMask has deployed its own validator node on the Ethereum network.
Users can start steaking ether in the Portfolio service by buying at least 32 ETH, according to the network requirements.
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👾 Manta Network's L2 protocol nodes have suffered a DDoS attack during MANTA's listing on exchanges.
Because of this, users are also unable to brand tokens allocated for airdrop.
After the listing, MANTA is trading just above $2.
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I suggest strongly that everyone do this activity. The project looks very cool, they have a lot of giant investors. I think they can feed their testers very big!☢️
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Actually, I am holding 12000 points that will be something like 1200$, 1 coin = 0.1$ 🤪
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Announcement after announcement, project after project, listing after listing.... The market has revived, while there is such an opportunity we should work hard in front of the bull.
🎄 First of all, let's talk about ZKFair
ZKFair is a blockchain from L2 community built on Polygon and Celestia solutions.
Its essence is that for burning your ETNs in Polygon zkEVM, zkSync, Scroll, ZKSpace, Linea and other networks, you get $ZKF tokens.
The Gas Fee Airdrop stage is allocated 75% (7.5V tokens) of the saplay, and the native token of the blockchain is $USDC, in order to pay for the tokenization of the drop you can take tokens in the Discord faucet. 💰
Check if you are eligible on the site:
https://zkfair.space 🤸
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Announcement after announcement, project after project, listing after listing.... The market has revived, while there is such an opportunity we should work hard in front of the bull.
🎄 First of all, let's talk about ZKFair
ZKFair is a blockchain from L2 community built on Polygon and Celestia solutions.
Its essence is that for burning your ETNs in Polygon zkEVM, zkSync, Scroll, ZKSpace, Linea and other networks, you get $ZKF tokens.
The Gas Fee Airdrop stage is allocated 75% (7.5V tokens) of the saplay, and the native token of the blockchain is $USDC, in order to pay for the tokenization of the drop you can take tokens in the Discord faucet. 💰
Check if you are eligible on the site:
https://zkfair.space 🤸
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Hey there, awesome people! We've got some super exciting news to share with you. We're thrilled to announce the launch of our exclusive Telegram Premium giveaway, specially crafted for our channel subscribers. Get ready for a whole new level of content, behind-the-scenes access, and some seriously cool perks that are just for you.
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Stay tuned for more details on how to sign up and start enjoying the awesome benefits of our premium service. Thank you for being a part of our amazing community! Let's make this journey even more incredible together.
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📉 On the night of January 13, quotes of the first cryptocurrency in the moment fell below the $42,000 mark. At the time of writing, the asset is trading at $43,100.
In two days, the bitcoin-ETF trading volume reached almost $7.7 billion.
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⚙️ SEC head Gary Gensler released an official statement about the hacking of the agency's X account:
■ hackers accessed the profile using a phone number tied to it;
■ there is no evidence of unauthorized access to SEC systems, data, devices, or other accounts;
■ SEC staff is assessing the scope of the incident and the investigation is ongoing.
