{ }
Colombian investors can now trade shares of the IBIT Bitcoin ETF, issued by BlackRock, on the Colombian Stock Exchange, marking a significant development in the country's financial markets. The ETF, which manages over 500,000 BTC and is valued at $50 billion, allows local investors to purchase shares in Colombian pesos, linked to its U.S. dollar price. This regulated investment vehicle enhances access to cryptocurrency, promoting financial inclusion and reducing barriers for new participants in the digital asset market.
The native token of Usual Protocol (USUAL) is experiencing a 17% surge, trading at $1.43, following its listing on Binance, the largest crypto exchange. The platform aims to revolutionize stablecoins by redistributing power and ownership to users, with 90% of tokens allocated for the community and only 10% reserved for insiders. As the overall crypto market cap declines by 6%, Usual Protocol positions itself as a key player in the evolving landscape of decentralized finance.
Aptos CEO Mo Shaikh has resigned, effective December 19, to pursue new opportunities while remaining a strategic adviser. Avery Ching, co-founder and former CTO, has taken over as CEO, focusing on expanding the ecosystem and driving technical advancements, particularly in Asia. Under Shaikh's leadership, Aptos launched its layer-1 blockchain mainnet and secured over $400 million in funding.
Bitcoin's price experienced significant volatility, dropping from an all-time high of over $108,000 to around $92,000 following the FOMC meeting, where Chairman Jerome Powell hinted at a slowdown in rate cuts due to rising inflation. This led to a market-wide sell-off, with nearly $700 million withdrawn from financial vehicles and over $1.3 billion in liquidations across the crypto market. Altcoins also suffered, with Ethereum down nearly 15% and DOGE plummeting 25%, raising concerns about the sustainability of the current bull run.
Bitcoin is poised for a significant price surge, potentially reaching $500,000, as nation-states and corporations explore it as a strategic reserve amid a looming supply shock. The U.S. is considering establishing a Bitcoin reserve, with a proposed executive order to purchase BTC using $21 billion from the Exchange Stabilization Fund, while countries like the UAE are reportedly accumulating large amounts of Bitcoin. As global adoption increases, the dilemma of holding versus selling Bitcoin intensifies, with its current price around $95,513.26.
Bitcoin's surge past $100,000 has positioned the UAE as a burgeoning crypto hub, bolstered by the Central Bank's introduction of the AE Coin stablecoin. With robust regulations like VARA in place, the region is attracting major players and fostering trust in digital assets, while the interplay between CBDCs, stablecoins, and cryptocurrencies is set to shape the future of finance.
The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
On December 19, US spot Ethereum ETFs experienced significant outflows totaling $60.47 million, ending an 18-day inflow streak, primarily driven by the Grayscale Ethereum Trust, which saw $58.13 million exit. This downturn coincided with a broader crypto market decline, as Ether's price dropped over 9% to $3,371 amid inflation concerns following the Federal Reserve's interest rate cuts. Despite the recent setbacks, spot Ether ETFs have accumulated $2.4 billion in net positive flows since their launch in July, with 81% of ETH holders still profitable at current prices.
The SEC has approved Bitcoin and Ether spot ETFs from Hashdex and Franklin Templeton, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. Both funds will hold spot Bitcoin and Ether, with Hashdex potentially adding more digital assets in the future. This approval may encourage other firms, like BlackRock, to launch similar products amid growing demand for diversified crypto investments.
Adam Back, a prominent figure in the Bitcoin community, reassured that the cryptocurrency's maximum supply of 21 million is not at risk of being increased, despite a disclaimer from BlackRock suggesting otherwise. He dismissed the disclaimer as legal caution, emphasizing that any change would fundamentally alter Bitcoin's identity. Meanwhile, Dogecoin's co-founder, Billy Markus, reacted to the recent market crash of major cryptocurrencies with his characteristic sarcasm, using the acronym "WAGMI" to convey a sense of ironic optimism amidst the turmoil.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.