📊 Market Updates
🔸 Ethereum ETF Staking Gains Traction: BlackRock emphasizes the benefits of staking for Ethereum ETFs, while the NYSE files to allow Bitwise’s ETF to earn staking yield, signaling growing institutional interest.
🔸 Coinbase ETH Sales: Coinbase reportedly sold 12,652 ETH in Q4, according to Standard Chartered, citing profit-taking. However, Coinbase denies these claims, stating the sales were necessary to fund operations.
🔸 Pengu ETF Filed: Canary Capital has filed for the first-ever Pengu ETF, adding to the expanding crypto ETF landscape as investor interest in digital asset funds continues to grow.
🔸 Kraken to Acquire NinjaTrader: Kraken plans to acquire NinjaTrader for $1.5B, with the deal set to close by H1 2025. The acquisition will enable Kraken to enter the U.S. crypto futures market via CFTC registration.
🔸 Coinbase ETH Sales Revisited: Coinbase sold 12,652 ETH in Q4, per Standard Chartered, but denies claims of profit-taking, citing operational funding as the reason behind the sales.
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🌟 Highlights
🔸 Trump Pushes for Stablecoin Legislation: Former President Trump urges Congress to pass stablecoin legislation, stressing its role in reinforcing US dollar dominance and supporting economic growth.
🔸 SEC Clarification on PoW Mining: The SEC clarified that proof-of-work mining on public, permissionless networks doesn't qualify as securities dealing under the 1933 Act.
🔸 VanEck Ventures Invests in Manifest: VanEck Ventures leads a $2.5M funding round for Manifest, a firm tokenizing US real estate with yield-bearing ERC-20 tokens backed by home equity.
🔸 Trump's Vision for Bitcoin: Trump vows to make the U.S. a "Bitcoin superpower," pledging to end regulatory crackdowns and create a strategic Bitcoin reserve.
#BNBChainMeme #TrumpAtDAS #FedWatch #RippleVictory #ETHBreaks2k
