FameEX Morning Crypto News Recap | January 2, 2024

Insiders Suggest SEC's Approval of Spot Bitcoin ETFs Could Come as Early as Tuesday or Wednesday

A recent report suggests that the U.S. Securities and Exchange Commission (SEC) may decide on the approval of spot bitcoin exchange-traded funds (ETFs) as early as Tuesday or Wednesday. The anticipation for the debut of the first U.S. spot bitcoin ETFs is mounting, especially after significant asset managers submitted updated filings to the SEC last week.

Five Leading Mining Pools Dominated 2023, Finding Over 84% of All Bitcoin Blocks

Between December 30, 2022, and December 30, 2023, miners successfully extracted 54,002 bitcoin blocks, with Foundry USA leading the pack by mining 16,492 blocks. During this time, they faced 27 difficulty adjustments, predominantly increases, yet impressively pushed the hashrate to a record-breaking peak.

NFT Sales Experience a 63% Drop Year-Over-Year, Shifting Market Dynamics

The latest statistics reveal that non-fungible token (NFT) sales amounted to $8.70 billion in 2023, indicating a substantial downturn. This figure is a decrease of $15.04 billion, or 63.35%, from the previous year's NFT sales, highlighting a notable drop in the market.

Donald Trump Forecasts Major Stock Market Downturn and Great Depression if He Loses Presidential Election

Ex-U.S. President Donald Trump has warned that not winning the next presidential election could trigger an economic downturn worse than the 1929 crash, potentially leading to a Great Depression. He highlighted the current dismal state of the U.S. economy, pointing out that significant inflation over the past three years has drastically reduced the buying power of consumers.

On New Year's Eve, Bitcoin Network Surpasses Daily Transfer Milestone with Over 731,000 Transactions

The Bitcoin network set a new record on New Year's Eve 2023, handling an extraordinary 731,351 transactions in a single day, exceeding its previous peak of 723,459 transactions recorded on Christmas Eve that year. This accomplishment represents a notable high point in the network's transaction volume history.

SEC Filing Unveils Bitwise's Plan for $200 Million Seed Investment in Spot Bitcoin ETF

Bitwise recently filed an amendment with the U.S. Securities and Exchange Commission (SEC), revealing plans to invest $200 million in its spot bitcoin ETF. This investment significantly outstrips Blackrock's $10 million commitment for its upcoming spot Bitcoin ETF, which is expected to launch on January 3.

Billionaire Mark Cuban Blasts SEC for Inadequate Protection, Deems Current Crypto Regulation Deficient

Mark Cuban, the billionaire "Shark Tank" star and owner of the Dallas Mavericks, has lambasted the U.S. Securities and Exchange Commission (SEC) for its inadequacy in consumer protection, comparing it to “the Quickbooks of financial regulation.” Additionally, he highlighted the limitations of the Howey Test in comprehensively covering various situations in the realm of cryptocurrency.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​