Cointelegraph reported that the U.S. Securities and Exchange Commission approved BlackRock's iShares spot BTC ETF. BlackRock: The news that the iShares spot BTC ETF application was approved is false, and its application is still under review by the regulator. A piece of fake news caused Bitcoin to break through $30,000 for a short time and then fall back to $28,000. Bloomberg senior analysts Eric Balchunas and James Seyffart raised the probability of the spot BTC ETF being approved before January 10 to 90%.

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The U.S. Securities and Exchange Commission (SEC) did not appeal Grayscale's decision to convert its GBTC Trust into an exchange-traded fund (ETF), which could pave the way for the approval of the first BTC spot ETF in the United States, helping to increase the likelihood that the Grayscale BTC Trust will be transformed into a more attractive ETF. Grayscale's statement on the SEC's decision not to seek rehearing: The 45-day deadline for seeking rehearing under the Federal Rules of Appellate Procedure has expired, and the court will now issue a final authorization (approval or disapproval) within 7 days. The Grayscale team remains operationally ready to convert GBTC into an ETF once SEC approval is obtained, and we look forward to sharing more information as soon as feasible. Into TheBlock reports that 16 new whale addresses (100-1000 coins) have been added in the past 24 hours, the largest single-day increase since February 28, 2022, and the total number of addresses with 100-1000 coins has now reached 13,967. Long-term holders own 69% of the BTC supply. BTC computing power broke the previous record on October 12, 2023, soaring to 455 EH/S. On January 1, 2023, the computing power was about 261 EH/S, an increase of 194 EH/S in less than a year. BitPay: Users can use various cryptocurrencies to buy tickets for the movie "Taylor Swift: Journey Through Time", which was released in theaters around the world and the pre-sale amount reached 100 million US dollars.

Ferrari's Chief Marketing and Commercial Officer Enrico Galliera said Ferrari has begun accepting cryptocurrency payments for its luxury sports cars in the United States and will expand the program to Europe at the request of its wealthy customers. Meitu executives: The recent AI business is the growth driver of Meitu. The company is no longer focusing on and buying cryptocurrencies, and may sell them at the right time. Anthony Scaramucci, founder of Skybridge Capital, said that although the Federal Reserve seems to be performing well at present, the system it operates in has fundamentally collapsed. BTC is an immutable asset alternative with scarcity. He believes that BTC is evolving into a more valuable means of storage than gold. And predicts that in the event of a collapse of the US financial system, BTC's market value will reach $15 trillion. Bloomberg analyst Jamie Coutts CMT said that the market is too optimistic about ETFs in the short term. They do establish an investment portal for the cryptocurrency economy. It is a trade agreement between the crypto economy and the traditional economy. About $20 billion or more of capital will flow into the economy within 24 months, and through the multiplier effect, it will create hundreds of billions of dollars of economic value for digital assets. But I think the integration of stablecoins has more to do with developing adoption and practicality.

Justin Sun currently has 282,796 ETH (US$439 million) pledged in Lido through 2 addresses. People pay special attention to the Bitcoin spot ETF, and even can't wait. The news of the spot "ETF passing" made Bitcoin break through multiple integers and quickly broke through $30,000. The news was false, and the price fell back to above $28,000. In just 20 minutes, the market was nearly $100 million liquidated, with short orders liquidated at $72 million and long orders liquidated at $26 million. The US Securities and Exchange Commission (SEC), the regulator of Bitcoin spot ETFs, decided last Friday not to appeal Grayscale's decision to convert its GBTC trust fund into an exchange-traded fund (ETF), paving the way for the approval of the first BTC spot ETF in the United States. The SEC needs to issue a final authorization (approval or disapproval) within 7 days. The GBTC discount rate narrowed from a high of nearly 50% to 15.88%. Following last week, ARK Invest responded to the SEC's opinion and resubmitted the prospectus for the spot BTC ETF. This week, asset management giant Invesco updated its spot BTC ETF prospectus, and it is expected that other applicants will also update soon. Bloomberg analysts raised the probability of BTC spot ETF being approved by January 10 next year to 90%. According to a survey of economists by the Wall Street Journal, economists expect the US gross domestic product (GDP) to grow by an average of 2.2% in the fourth quarter of 2023 from a year earlier, lowering the forecast for next year from 1.3% in the July survey to 1%, and the unemployment rate will rise from 3.8% in September to 4.3% in June next year. As economic growth slows, the Federal Reserve will begin to cut interest rates in the second quarter of next year, and the Federal Reserve has the ability to achieve a soft landing without a recession.

Many people hope that the SEC will approve spot ETFs earlier. The old man does not hope that the big cake spot ETF will be approved in the near future. The time has not come yet. At present, it is uncertain whether the interest rate hike cycle will end. It is difficult to sustain in the current, which will reduce the increase. In the first quarter of next year, the interest rate will enter the early stage of the cut. The Federal Reserve is ready to "release water". At that time, the spot ETF will be approved, and it will go with the flow and go further. It will also drive the "release of water" of incremental funds and fully raise the height of the increase. It is only a matter of time before the big cake spot ETF is approved. "Bear market sows, bull market harvests". #etf #公链生态 #新币挖矿ntrn