Cryptocurrency News: From regulatory changes to market shifts, here are the top 10 stories that shaped the cryptocurrency market on January 4 for a quick overview.
The final stage in the Bitcoin ETF decision
ARK21Shares joins applicants such as VanEck, Fidelity, and Grayscale to file “securities registration.” 8-Form with the SEC on Thursday. Meanwhile, source-based reports expect a decision on the ETF race to be made by tomorrow, with a high probability Supreme Education Council approval.
Today, World Funds Trust has also entered the race as a new competitor Six Bitcoin ETFs.
Regulatory scrutiny of cryptocurrency scams
Consumer watchdog in Australia Under pressure at bay For not raising warnings against a potentially fraudulent HyperVerse crypto scheme. Meanwhile, in Taiwan, the founders of ACE were arrested for cryptocurrency fraud, with potential losses exceeds millions.
New Coinbase Rating for UK Investors
Coinbase reportedly provided A risk declaration form for UK clients, in line with upcoming Financial Conduct Authority (FCA) regulations. This step is designed to ensure informed trading decisions among users for high-risk investments.
Security breach in Gamma Strategies
Another security breach Bitcoin hit the cryptocurrency market on Thursday, as Gamma Strategies, an Ethereum-based protocol, suffered a loss of about $3.4 million. The protocol suspended all deposit activities after the hack and offered a reward for the return of the stolen assets.
Former Citigroup Executives Launch Bitcoin Securities
Former Citigroup executives announced Bitcoin depositary receipts, similar to American depositary receipts, aimed at global institutional investors, and Bypass US SEC regulations.
Ark Invest's strategic market movements
Cathie Wood's Ark Invest sold more than $25.3 million worth of Coinbase shares and bought Tesla shares, reflecting a strategic shift in Their investment portfolio.
Huobi Korea discontinues cryptocurrency exchange services
Huobi Korea will Termination of its local virtual assets Trading services by January 29, to continue supporting client asset withdrawals.
Securities and Exchange Commission sued against Binance's moves
the SEC filed Notice in the lawsuit against Binance, citing the Terraform Labs case as supplementary authority, which identified UST and LUNA as securities. This will impact the SEC's lawsuit against Binance, Binance.US, and founder Changpeng 'CZ' Zhao.
2023 Impressive Cryptocurrency Flows
2023 saw significant growth in cryptocurrency investment products, with inflows totaling $2.25 billion, representing the third-largest year of inflows since 2017. Inflows significantly exceeded those in 2023 by 2.7 times, as highlighted by Currency stocks.
Bitcoin holdings of the US government
The US government holds a Large Bitcoin cacheIts holdings are valued at at least $8.3 billion, outperforming major companies like MicroStrategy. This figure comes after the government confiscated 70,000 bitcoins last month.
Stay tuned here for more prominent cryptocurrency news and updates in the rapidly changing world of digital assets.