SEC may approve 11 Bitcoin ETFs. Justin Sun withdraws 17,433 ETH from Binance

Headlines

▌Bloomberg analyst: SEC may approve 11 spot Bitcoin ETF applications at one time

Bloomberg analyst James Seyffart said on the X platform that he personally believes that the SEC will approve 11 spot Bitcoin ETF applications at once, but this is not guaranteed and some of the issuers may not be ready for the first day of operations. But I think they would all do it if the SEC allowed it. Analysts also said that of the 13 issuers that submitted applications, Global

▌ Justin Sun’s address has withdrawn 17,433 ETH from Binance since December 26

Lookonchain monitoring data shows that, Giant whales are hoarding Ethereum. Justin Sun’s address withdrew 11,267 ETH ($25.3 million) from Binance 5 hours ago. Since December 26, this address has withdrawn 17,433 ETH (approximately $39.2 million) from Binance. ). The giant whale "0x9314" spent US$48 million to purchase 21,192 ETH from DEX at a price of US$2,265 per coin 10 hours ago. Since January 1, this address has purchased 79,980 ETH worth US$143 million.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was US$44,093.59, with fluctuations during the day. Frame-0.29%;

ETH Recent The transaction price was US$2263.02, and the intraday increase or decrease-0.32%;

BNB The recent transaction price was US$309.08, with an intraday increase or decrease-5.36%;

The recent transaction price of XRP was US$0.5735, with intraday increase and decrease-1.95% ;

The recent transaction price of DOGE was US$0.08242, with an intraday increase or decrease of -2.47% ;

ADA’s recent transaction price was US$0.5407, with an intraday increase or decrease of -4.85 %;

SOL’s recent transaction price was US$98.56, with intraday increases and decreases-5.28%.

Policy

▌Nebraska proposes a bill to support Bitcoin user rights

Satoshi Action Fund founder Dennis Porter posted on social media that the state of Nebraska in the United States has proposed a bill to support the rights of Bitcoin users to maintain the basic rights of self-custody, mining and running nodes. The bill is very similar to one announced in Missouri earlier this week.

Blockchain Applications

▌Alchemy said it has deployed more than 1 million smart accounts

A report from Web3 development platform Alchemy shows that more than 1 million smart accounts have been deployed since the launch of ERC-4337 in Walletcoin in March 2023. Out of a total of 1.8 million deployments, more than 960,000 have been created in the past three months. a smart account.   The report also shows that more than 540,000 user operations were performed in the fourth quarter of last year. Compared to the previous quarter, this was a significant increase of 194%.

▌Synthetix releases Andromeda version, introducing token repurchase and destruction mechanism

Synthetix announces the release of Andromeda version, which marks a major evolution of Synthetix. Introduced Core V3 and Perps V3 deployments, USDC as new collateral, and expanded to Base. This step promotes Synthetix to a multi-chain protocol. A key feature of this version is the implementation of a buyback and destruction mechanism for SNX tokens using fees generated by Perps on Base. Per SIP-345, 40% of fees earned on Base are earmarked for the buyback and burning of SNX tokens, executed through annual incentivized buyback and burn contracts, a strategy designed to efficiently allocate SNX tokens in Synthetix multi-chain deployments. cost.

▌Lyra Chain will introduce modular upgrades through OP Stack and Celestia

Lyra announced on the X platform that Lyra Chain will Introducing modular upgrades via OP Stack and Celestia. By reducing DA costs by 100x, Celestia gives Lyra the scale and transaction costs that were previously only available off-chain. Celestia also enables Lyra to significantly increase sequencer profitability for the community, with more ETH entering the Lyra DAO than would otherwise be the case. Increased transaction fees.

▌OP Labs: The Ethereum Goerli test network will cease maintenance after January 17. It is recommended to migrate as soon as possible< /p>

OP Labs issued a document on the Developers migrate from OP Goerli to OP Sepolia as soon as possible to prepare for this change.

Cryptocurrency

▌Arbitrum’s 24-hour DEX trading volume exceeded Ethereum for the first time, reaching $1.83 billion< /p>

DeFillama data shows that in the past 24 hours, the trading volume of Arbitrum, a Layer-2 scaling solution, on the decentralized exchange (DEX) surpassed Ethereum for the first time. The latest data shows that Arbitrum’s 24-hour trading volume reached US$1.83 billion. , a week-on-week increase of 32.58%. This surge caused Arbitrum to account for 33.40% of the total DEX trading volume, surpassing Ethereum and ranking first. Ethereum's 24-hour trading volume fell 4.77% to $1.444 billion.

▌VanEck: Commitment to donate 5% of spot Bitcoin ETF profits to the development organization Brink for at least 10 years

Spot Bitcoin ETF applicants VanEck posted on social media: We are not Bitcoin "tourists" and we will invest in it for the long term. That’s why we made an initial donation of $10,000 and signed a pledge to donate 5% of Bitcoin ETF profits (if approved) to support Brink, the Bitcoin Core development organization, for at least 10 years.

▌Coinbase has suspended the trading of Aragon (ANT) tokens

According to the official announcement, Coinbase has suspended the trading of Aragon (ANT) tokens. Users Funds will still be available and you will continue to be able to withdraw them at any time. If users still hold ANT after the redemption deadline on November 2, 2024, they will suffer losses.

▌Data: crvUSD’s fee income in 2023 is approximately US$4 million

DefiLlama data shows that Curve’s native stablecoin crvUSD received Approximately $4 million in fee revenue (launched in May).

▌CertiK: The 0xe7B0 address is suspected to have stolen nearly 3 million US dollars in USDT

CertiK stated on the X platform that at 3:00AM UTC time, the 0xe7B0 address was suspected to be stolen Nearly $3 million in USDT was stolen, 0xe7B0 approved malicious users to use their USDT, and the funds were transferred to Tornado.cash.

▌Velodrome: The cumulative trading volume in 84 epochs this week reached US$7.5 billion

Velodrome, a liquidity center based on Optimism, announced on its official website The article stated that the cumulative transaction volume in 84 epochs this week reached US$7.5 billion, thus distributing a total reward of approximately US$33 million to veVELO lockers. Slipstream is coming soon and voters will have more opportunities to earn rewards.

▌Bloomberg: The SEC is expected to vote on ETF issuers’ 19b-4 documents next week

According to Bloomberg, four people familiar with the matter revealed, SEC staff told several exchanges and issuers seeking to list spot Bitcoin ETFs that they should file final versions of key 19b-4 filings as soon as Friday. Document 19b-4 is a proposed change to stock exchange rules to allow ETFs to trade. Two people familiar with the matter said staff did not provide additional feedback on documents from several companies following the latest revisions. Another person familiar with the matter said SEC commissioners are expected to vote on the filing of the 19b-4 trading rules next week. Typically, ETF approval can be delegated to SEC staff without a vote from the commissioners. It is unclear whether SEC staff did not provide additional feedback on all companies’ 19b-4 filings. The issuer also needs the SEC to sign off on the final version of its S-1 document, which is the ETF’s prospectus document. SEC approval of Form 19b-4 and Form S-1 may or may not occur simultaneously, but typically the S-1 is approved after Form 19b-4. If both documents are approved, the ETF can begin trading as early as the next business day.

▌Nasdaq files revised 19b-4 filing for BlackRock and Valkyrie’s spot Bitcoin ETF

Nasdaq has filed a revised 19b-4 filing for BlackRock, Valkyrie’s spot Bitcoin ETF.

▌The X account of SharkyFi, the NFT lending protocol, is suspected of being stolen

Solana ecological NFT lending The X (formerly Twitter) account of Protocol SharkyFi is suspected to have been stolen, and hackers posted false news with phishing links. Golden Finance Reminder: Users are advised to interact with caution to avoid property damage.

Important Economic Trends

▌I’m afraid it’s not that early to “cut interest rates”!

The bad news for the Fed is that the labor force participation rate has declined. The current labor force participation rate has dropped to 62.5%, the lowest level since February last year. Average hourly earnings growth also exceeded expectations, rising 0.4% from the previous month. Steve Sosnick, chief strategist at Interactive Brokers, said, "Today's data is a reality check for those counting on the Fed to cut interest rates six times this year starting in March, and we can compare the revised 2-month data and the labor force participation rate. Nitpicking, but monthly hourly earnings growth certainly does not support the case for a significant rate cut." Sustained job growth and further cooling of inflation will strengthen the prospects for a soft landing for the U.S. economy. Jonathan Millar, senior economist at Barclays Bank, said, "Judging from the current situation, our economy has had its cake and eat it too." But for the market, this data undoubtedly makes the Federal Reserve likely to cut interest rates as early as March. The outlook has dimmed, and major banks such as Goldman Sachs, which expects the Federal Reserve to cut interest rates for the first time in March, may need to reconsider their views.

Golden Encyclopedia

▌Types of NFT Scams

While the NFT world provides huge opportunities for creators and collectors, it is also rife with various types of scams. Here are the most common types of NFT scams: Copy NFT/Fake NFT, NFT Ponzi Scheme, Rug Pull Scam, Bidding NFT Scam, NFT Pump and Dump, Phishing Scam, NFT Airdrop or Giveaway Scam, Website Scam, etc.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.