Swell has seen a major jump in total value locked, reaching 108,000 ether ($245 million), more than doubling this month alone.
Expectations that U.S. regulators will approve spot bitcoin ETFs next year are driving prices higher. History suggests we might see a slowdown as we approach the halving in April 2024, says Path Crypto’s David Liang.
Possible approval of bitcoin ETFs in 2024 is likely to change perceptions of digital assets following a year when the industry faced a backlash, Beth and Clay Haddock argue.
Pan-African exchange Yellow Card has said it will seek licensing in the country.
Microstrategy’s CEO Michael Saylor tweeted on Wednesday that the company had acquired an additional 14,620 bitcoin.
Bitcoin faces price correction risks due to sell pressure from short and medium-term holders and an illiquid market, an analyst said.
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 27, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The CoinDesk policy team is scattered throughout the world; in the final edition of this newsletter, each member explains what they’re watching in 2024 in the world of crypto regulations. Happy holidays, and we’ll see you next year!
MicroStrategy has purchased a further 14,620 bitcoin over the last month, and now owns $8.1 billion of BTC.
The figure is roughly half the estimated $4.2 billion of 2022, a year that also included $40 billion lost through the collapse of Terra, Celsius and FTX.
