🔥🔥🔥 Market Brief Saturday - 28/12
📝 ETF Spot session 27/12 [CT]
+ BTC is down $367.3M; specifically, Fidelity and Bitwise have a cash flow of -$320.8M, Blackrock has no data yet
+ ETH is up $27.5M; only Fidelity has collected, other funds have no changes, BlackRock has no data yet
+ Ms. Yellen warns: The debt ceiling will be reinstated from 2/1/2025, with the risk of reaching the limit from 14-23/1, forcing the Treasury Department to take emergency measures to avoid default [CT]
+ The U.S. IRS implements new regulations: DeFi projects must collect user transaction information and report taxes, effective from 1/1/2027 [CT]
+ Volatility Shares filed with the SEC to approve a futures ETF for Solana with leverage of 1x, 2x, -1x [CT]
+ ProShares filed with the SEC 3 new ETFs combining stocks, gold, and Bitcoin futures to hedge risks, priced in Bitcoin [CT]
+ Montenegro finalizes the extradition of Do Kwon to the U.S. instead of South Korea [CT]
+ Cambodia allows services related to stablecoins but completely bans Bitcoin and unbacked cryptocurrencies [CT]
+ Hamster Kombat passes a proposal to build Layer-2 on the TON blockchain [CT]
+ NFT trading on Ethereum last week reached $186M - the highest in 3 months, thanks to the Pudgy Penguins effect [CT]
+ Metamask launches Gas Station supporting gas fee payments on Ethereum with other tokens when the wallet does not have enough ETH [CT]
