Grayscale Bitcoin ETF | S-3 Filing Omits AP Information

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Top Crypto Coins Monthly Performance

Bitcoin (BTC): 11.9%
Ethereum (ETH): 11.1%
BNB (BNB): 37.2%
Solana (SOL): 71.4%
XRP (XRP): 1.62%
Cardano (ADA): 58.1%
Avalanche (AVAX): 80.5%
Dogecoin (DOGE): 7.01%
Polkadot (DOT): 49.7%
Tron (TRX): 3.18%
Polygon (MATIC): 27.2%
Chainlink (LINK): 3.64%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Instant Settlement: The Logistics Industry

Now that we have seen how instant settlement can affect the construction industry let’s see the next industry that can have a huge impact – logistics.

To begin, let’s examine the logistics industry through the lens of an online order example. What unfolds when we select a product on a website that requires delivery to our door? Who are the entities involved in this process, and what does the payment process entail?

So I pick something from the website and order it. I pay for it and wait for the product to be delivered to my door and hope that what will arrive at my door is what I expect.Because I am paying upfront, I am taking the risk in this case. I may choose to pay on delivery but…

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Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. ritestream (RITE): 210%
  2. AmazingTeamDAO (AMAZINGTEAM): 90%
  3. KlubCoin (KLUB): 20%
  4. Solidus Ai Tech (AITECH): 16%
  5. Seascape Crowns (CWS): 10%

$10M – $100M MarketCap:

  1. Floor Protocol (FLC): 125%
  2. Velas (VLX): 58%
  3. The Root Network (ROOT): 42%
  4. ApeX (APEX): 39%
  5. Myro ($MYRO): 35%

$100M – $1B MarketCap:

  1. Perpetual Protocol (PERP): 28%
  2. Gains Network (GNS): 18%
  3. Maverick Protocol (MAV): 17%
  4. Theta Fuel (TFUEL): 14%
  5. Lisk (LSK): 13%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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CBOE Digital president says a spot bitcoin ETF approval will promote derivatives growth

CBOE Digital President John Palmer says that the potential approval for a spot bitcoin ETF could broaden the ecosystem for institutions and retail.

“I think seeing that approval really is gonna pave the way for pension funds and RIA-based funds to be able to invest assets in a spot Bitcoin ETF where they may not be able to gain that access today and just a native spot, Bitcoin token,” Palmer said.

Any potential approvals for an ETF could also change how institutions approach derivatives, Palmer added. Derivatives include options and futures contracts.

“So you have more players, institutional players that are used to hedging their risk. And so they lean on derivatives quite heavily…

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NEW: Crypto Exchanges Break $1 Trillion Barrier in December as Hopes for Spot Bitcoin ETF Approval Soar

In a surprising turn of events, cryptocurrency exchange trading volume surged past the elusive $1 trillion mark in December, marking a historic achievement after over a year of stagnation.

According to The Block’s Data Dashboard, December witnessed an impressive $1.1 trillion in trading volume, a feat last seen in September 2022 when the volume reached $1.03 trillion. This remarkable surge can be attributed to the industry’s optimism surrounding the potential approval of spot bitcoin ETFs, defying the typical holiday season slowdown.

Leading the charge was Binance, accounting for 39.3% of the month’s volume at $432.7 billion, followed by Upbit with 8.3% ($91.8 billion) and OKX with 8% ($87.5 billion). Alongside this remarkable trading activity, Bitcoin experienced a weekend rally, surging by 5.8% to surpass $45,000, further fueling the excitement in the crypto world.

The Block

The decade-long road to (possible) spot bitcoin ETF approval

In the coming days, the US Securities and Exchange Commission may finally greenlight ETFs that hold bitcoin directly.

This potential approval would represent a significant step toward legitimizing the blockchain asset class, following a decade-long effort by fund issuers.

Read more: Industry watchers pin down possible bitcoin ETF approval dates

As optimism around such a possibility has grown in recent months, let’s take a look at how we got to this stage. 

The attempts begin 

Cameron and Tyler Winklevoss filed on July 1, 2013 to launch the Winklevoss Bitcoin Trust. The price of bitcoin was roughly $100 at that time. 

To be offered by the brothers’ company, Math-Based Asset…

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Bitcoin miner CleanSpark to launch in-house trading desk: Bloomberg

Bitcoin mining company CleanSpark plans to launch an in-house trading desk, according to Bloomberg.

CleanSpark CEO Zachary Bradford told the media outlet that the decision was made due to the large bitcoin balance held by the company. A November mining update shows that the company held 2,575 bitcoin. 

CleanSpark didn’t immediately return a Blockworks request for comment on the move. 

“It just makes financial sense to do it in-house,” Bradford said. He added that more miners may launch trading desks in-house “that way, you can manage it with your own risk profiles and expertise and keep a really close eye on it.”

The Nevada-based miner is a publicly traded company, trading…

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Bitcoin is trading on ETF news, but analysts caution on macro headwinds 

As stocks trended down on the first trading day of 2024, analysts speculate about what the rest of the month will look like for equities markets and crypto prices. 

The S&P 500 and Nasdaq Composite indexes dipped Tuesday, losing 0.7% and 1.9%, respectively, toward the end of the trading session. While the Dow Jones Industrial Average managed to stay relatively flat, the Russell 200 slipped 0.7%. 

The decline doesn’t bode well for the sky-high prices analysts expected.

Goldman Sachs last month increased its S&P 500 target by 8% to 5,100 by the end of 2024, citing Federal Reserve rate cuts and declining inflation as key tailwinds. Strategists surveyed by Bloomberg reported a slightly…

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