Circle’s USDC stablecoin spiked down to as low as $0.74 on three occasions today following a marketwide sell-off spurred by a report casting doubt over whether a spot bitcoin ETF will be approved this month.
ENS, the governance token of the Ethereum Name Service project, surged after Ethereum cofounder Buterin posted on X that the service is “super important.”
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 3, 2024. First Mover is CoinDeskâs daily newsletter that contextualizes the latest actions in the crypto markets.
“SEC Chair Gensler is not embracing crypto in the U.S., and it might even be a very long shot to expect that he would vote to approve bitcoin spot ETFs,” Matrixport said.
Bitcoin slid 8% from a 20-month high on Wednesday as jitters around the anticipated approval of a spot BTC ETF began to enter the market.
Analyst Markus Thielen argued the applications still fall short of a critical requirement that must be met before the SEC can approve them.
Some 324,000 users fell victim to crypto phishing scams in 2023 and lost nearly $300 million, according to blockchain security firm Scam Sniffer.
BRC-20 marketplace UniSat said it would follow a proposed fork in the network’s token standard, which was met with opposition from Domo, the pseudonymous creator of BRC-20.
Transaction volumes on the network overtook those for Solana-based applications, which boomed after a meme coin-led frenzy in December.
The European Banking Authority (EBA) will take additional steps to anticipate how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect banks.
