Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Crypto Weekly Roundup: SEC Greenlight Spot Bitcoin ETFs & More

Crypto Weekly Roundup: SEC Greenlight Spot Bitcoin ETFs & More

CryptodailyCryptodaily2024/01/14 13:28
By:Amara Khatri

Table of Contents

  • Bitcoin
  • Ethereum
  • DeFi
  • Technology
  • Business
  • NFT
  • Web3
  • Security
  • Registration

After months of anticipation, the US Securities and Exchange Commission finally stamped its approval for the first set of spot Bitcoin ETFs. Let’s find out more. 

Bitcoin

After a misleading tweet from the SEC on January 9, the regulatory body officially gave the green light for America’s first regulated spot Bitcoin ETFs . 

All applicants for the proposed spot Bitcoin exchange-traded funds (ETFs) submitted their final amended S-1 applications by the given deadline. 

The world’s second-largest asset manager, Vanguard, has stated it will not allow customers to purchase any spot Bitcoin ETFs launched on Thursday. 

Bitwise Asset Management has pledged to donate 10% of profits from the Bitwise Bitcoin ETF to non-profits supporting the open-source development of BTC. 

Ethereum

In a recent AMA, Ethereum co-founder Vitalik Buterin suggested raising the Ethereum gas limit by 33% to 40 million to improve network throughput and overall scalability.

As the SEC announced the approval of all Spot Bitcoin ETFs, $BTC remained flat . On the other hand, $ETH set off like a rocket ship, gaining more than 10% in a day. 

DeFi

PayPal’s PYUSD stablecoin, which has been trailing more established stablecoins such as USDT and USDC, is leveraging DeFi to give itself a liquidity boost. 

The CFTC has released a detailed report on the challenges faced by DeFi, highlighting major concerns around the need for more accountability and clear lines of duty. 

Technology

Blockchain security firm SlowMist revealed despite US sanctions, crypto mixer Tornado Cash managed to launder over $500 million worth of crypto in 2023. 

Polygon Labs has unveiled the Libre Chain , a protocol powered by the Polygon CDK and backed by the biggest names in institutional blockchain adoption. 

The FOX Corporation and the Polygon blockchain have partnered to launch ‘Verify’ – a tool designed to establish the authenticity and origin of digital content. 

Business 

Stablecoin firm Circle has revealed that it has confidentially filed for an initial public offering with the SEC. 

Bankrupt crypto lending firm Celsius has filed an intent to retrieve funds from those who withdrew $100,000 or more in the three-month period leading up to the firm’s bankruptcy filing. 

Ethics-first blockchain ecosystem HAQQ has struck a strategic partnership with the pioneer decentralized home delivery service GoMeat to streamline the availability of halal meat and other food products in the US.

Digital Currency Group (DCG) completed all its short-term loans to Genesis. In an announcement, DCG said it repaid the crypto broker a $700 million loan . 

NFT

In a significant development, video game retailer GameStop has decided to take a step back from crypto and shutter its NFT marketplace. 

Web3

Binance Futures, the dedicated derivatives arm of leading crypto exchange Binance, has announced a bumper campaign to promote its recent introduction of USDC-margined perpetual trading pairs. 

Security

Hedera and Algorand join forces to introduce a decentralized recovery protocol, DeRec , streamlining digital asset security across Web3. 

Registration

Senator Elizabeth Warren has criticized the SEC for its decision to approve the spot Bitcoin ETFs, stating that the commission was “wrong on the law” regarding the approval. 

Known for her pro-crypto perspective, SEC Commissioner Hester Pierce expressed her disc ontent with the SEC's handling of spot Bitcoin ETF applications.

In a recent move, Apple has removed the apps of nine major cryptocurrency exchanges, including industry giants like Binance and Kraken, from its App Store in India.

United States Senators J.D. Vance and Thom Tillis have called on the SEC to provide a report about the Jan 9th breach of its X account. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

XRP News Today: Ripple's RLUSD Targets Africa's Financial Gaps with $700M Stablecoin Push

- Ripple launches $700M RLUSD stablecoin in Africa via Trident Digital, aiming to enhance digital payments and financial inclusion through regulatory compliance and USD-backed liquidity. - Trident commits $500M to XRP treasury, aligning with Ripple’s ecosystem to strengthen DeFi integration and blockchain innovation via staking mechanisms in African markets. - RLUSD targets cross-border payment gaps with low-cost, real-time settlements, leveraging Ripple’s CBDC experience and global regulatory partnerships

ainvest2025/09/04 05:26
XRP News Today: Ripple's RLUSD Targets Africa's Financial Gaps with $700M Stablecoin Push

Bitcoin News Today: Regulators Power $4.2T US Crypto Surge as ETFs Ignite Mainstream Buy-In

- The US leads global crypto adoption with $4.2T in fiat-to-crypto onramps, four times higher than any other nation. - Bitcoin dominates inflows at $4.6T, while spot ETFs attracted $54.5B since 2024, driving institutional and retail participation. - APAC saw 69% annual on-chain growth led by India, while Eastern Europe tops per-capita adoption due to economic instability. - Divergent global regulations emerge, with the US GENIUS Act and EU MiCA reflecting contrasting approaches to crypto oversight.

ainvest2025/09/04 05:26
Bitcoin News Today: Regulators Power $4.2T US Crypto Surge as ETFs Ignite Mainstream Buy-In

XRP News Today: BlockDAG’s Hybrid Model Could Disrupt 2025’s Crypto Power Rankings

- BlockDAG's $389M presale and 3M users via X1 miner app highlight its rapid adoption in crypto. - Hybrid DAG-PoW model with EVM compatibility aims to solve scalability issues, attracting 300+ dApp developers. - $0.03 presale price targets $0.05 listing, competing with XRP and Cardano in 2025's institutional adoption race. - Physical miners (X10/X30/X100) and mobile mining blend retail/institutional participation, boosting network decentralization.

ainvest2025/09/04 05:26
XRP News Today: BlockDAG’s Hybrid Model Could Disrupt 2025’s Crypto Power Rankings

Ethereum News Today: Institutional Clues Emerge: $353M in ETH Moves to Fresh Wallets

- A new Ethereum address withdrew 15,000 ETH ($66.11M) from FalconX, part of $353M in total withdrawals from four fresh wallets. - Large-scale Ethereum transfers to newly created wallets often signal institutional activity, influencing market dynamics and trader sentiment. - Recent movements coincide with Ethereum's mixed on-chain trends, including ETF outflows and price consolidation near $4,000 resistance. - Analysts highlight potential bullish implications if assets are held long-term, though sustainabi

ainvest2025/09/04 05:26
Ethereum News Today: Institutional Clues Emerge: $353M in ETH Moves to Fresh Wallets