SEC may delay approval of spot Bitcoin ETF, Grayscale GBTC negative premium rate narrows

Headlines

▌Georgetown University lecturer: SEC may further delay spot Bitcoin ETF Approval

James Angel, a lecturer at Georgetown University, said that the U.S. Securities and Exchange Commission (SEC) may use various delaying tactics to further delay the approval of spot Bitcoin ETFs, such as requiring applicants to withdraw Apply and resubmit.

▌The negative premium rate of Grayscale GBTC has narrowed to 5.59%

According to Coinglass data, the negative premium rate of Grayscale GBTC The premium rate has narrowed to 5.59%, and the ETH Trust negative premium rate is 9.96%. The negative premium of ETC Trust is 30.87%, the positive premium of LTC Trust is 172.11%, the positive premium of BCH Trust is 119.02%, and the positive premium of SOL Trust is 283.93%.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 43,895.2 US dollars, with fluctuations during the day. Frame-0.36%;

ETH Recent The transaction price was US$2219.95, and the intraday increase or decrease-0.44%;

BNB The recent transaction price was US$302.5, with intraday changes -1.01%;

The recent transaction price of XRP was US$0.551, with an intraday increase and decrease of -2.87% ;

The recent transaction price of DOGE was US$0.0781, with an intraday increase or decrease of -1.57% ;

ADA’s recent transaction price was US$0.4939, with an intraday increase or decrease of -3.95 %;

SOL’s recent transaction price was US$89.22, with intraday gains and losses-5.04%.

Policy

▌Former SEC Official: Bitcoin Spot ETF is a Ponzi scheme

Former U.S. Securities and Exchange Commission (SEC) enforcement officer John Reed Stark posted on social media X that cryptocurrency has only one proven use, and that is Ability to support crime, money laundering and other known human vices.  

The Bitcoin Spot ETF is a Ponzi scheme, marketed as a means of providing inclusive finance to the unbanked, while the true meaning of the Bitcoin Spot ETF is predatory and inclusive. way. The current market rebound demonstrates the widespread enthusiasm for the product, which is an "elaborate scam."  

John Reed Stark claimed to support Better Markets’ call that market regulators should reject all Bitcoin spot ETF applications made so far.

▌Bloomberg ETF analyst Eric Balchunas said that the U.S. SEC will not have any Public Agenda

According to Cointelgraph’s disclosure on social media, Bloomberg ETF analyst Eric Balchunas said that asset management companies applying for spot Bitcoin ETFs are expected to make final revisions on the morning of January 8 , and the next stage of the regulatory decision-making process may be a vote by the SEC commissioners, but there are no plans on the agency’s public agenda before January 11, but according to Eric Balchunas, the SEC The Commission may use its delegation policy to make decisions.

Blockchain Applications

▌Starknet: Plans to host Starknet on January 10 Network upgrade to v0.13.0

Starknet issued a statement saying that we plan to upgrade the Starknet main network to v0.13.0 at around 11 a.m. UTC time on January 10 (pending governance vote approval). This version is designed to reduce transaction costs. To ensure that full nodes remain consistent with the reduced fees, full node versions should be upgraded to avoid possible incorrect responses.

Cryptocurrency

▌Bloomberg Analyst: Gold ETF has more potential problems than BTC ETF

Bloomberg analyst James Seyffart said on the X platform that gold ETF has more potential problems than BTC ETF (Impurities, fake gold bars, etc.). No one is forcing anyone to buy a potential Bitcoin ETF. ETFs don't change Bitcoin itself. They are just a choice. The good thing about the free market is that we can let the market decide whether a Bitcoin ETF has value.

▌VanEck Advisor: Bitcoin emerged to eliminate doubts The need for trusted third parties, Bitcoin ETFs will not change this

VanEck consultant Gabor Gurbacs said on the X platform that Bitcoin emerged to eliminate the need for trusted third parties, A Bitcoin ETF won't change that. Many people will continue to prefer holding their Bitcoin and validating their holdings. I believe ETFs will require proof of reserves and eventually provide secondary custody options in time.

▌Accepted in the past year The number of physical merchants accepting Bitcoin has nearly tripled.

According to BTC Map, the number of physical merchants accepting Bitcoin has nearly tripled in the past year. There are currently more than 6,300 physical merchants around the world that accept Bitcoin. By the end of 2022, there will be only 2,200 physical merchants that accept Bitcoin. Bitcoin providers are located all over the world, but seem to be concentrated in Europe, the United States, and especially Latin America.

▌Founder of Folius Ventures: GMT may reach US$1 in the short term, and is expected to enter the top 25-75 within 2-3 months< /p>

Folius Ventures founder MapleLeafCap tweeted that Gas Hero has been launched for 4-5 days. If Gas Hero can reach more than 100,000 users and maintain the current asset price, the FSL ecosystem may lock 1,500 per day. 10,000 GMT and relive the March-May 2022 craze again. I personally believe that the market value of this token is expected to re-enter the top 25-75 within 2-3 months, and GMT will reach US$1 per coin in the short term.

Important Economic Updates

▌The probability of the Federal Reserve cutting interest rates in February is 6.7%

According to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in February is 93.3%, and the probability of cutting interest rates by 25 basis points is 6.7%. The probability of keeping interest rates unchanged by March is 30.8%, the probability of a cumulative 25 basis point interest rate cut is 64.7%, and the probability of a cumulative 50 basis point interest rate cut is 4.5%. (Golden Ten Data APP)

Golden Encyclopedia

▌The crime of helping and trusting

In virtual currency transactions , using cash transactions to buy "stolen coins" obtained from telecommunications fraud, online gambling platforms and other information network criminal activities, does this mean that the perpetrator knew that they were "stolen coins", thus meeting the subjective knowledge requirements of the crime of trust?

From the perspective of the crime of trust and its related judicial interpretations, we should return to the essence of the issue - whether the cash transaction of virtual currency obviously violates the laws of the market and is an "obviously abnormal" transaction method. In virtual currency transactions, if cash transactions are obviously more difficult than online transactions, for example, the transaction parties are in different places or far apart, it is an obviously abnormal transaction method. If cash transactions are not obviously more difficult than online transactions, for example, the transaction parties are in the same city. Relatives and friends are not obviously abnormal transactions. Of course, a comprehensive determination should be made based on the specific circumstances of the case.

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.