● Michael Saylor: Spot Bitcoin ETF is the biggest development on Wall Street in the past 30 years
According to CoinDesk, MicroStrategy Executive Chairman Saylor Michael said in an interview with Bloomberg that the market should not underestimate the importance of the upcoming spot Bitcoin ETF, saying it could be the biggest development on Wall Street in 30 years. Saylor said a similar new product recently was the S&P 500 ETF, which allows investors to invest in the widely followed index with one click. Saylor believes that the spot Bitcoin ETF tool will bring a demand shock to Bitcoin, which will soon be followed by a supply shock in the form of the halving event in April.
● US SEC meets with BlackRock again on Bitcoin spot ETF
Bloomberg analyst James Seyffart wrote on X that according to public regulatory memorandum documents, BlackRock met again with the U.S. Securities and Exchange Commission (SEC) Office of Market Oversight and the Division of Trading and Markets on December 19 local time to discuss the details of the Bitcoin spot ETF. The analyst said that the total number of official meetings held by the SEC with Bitcoin spot ETF applicants has reached 24.
● Hashdex met with the US SEC again this week to discuss spot Bitcoin ETF
According to Golden Finance, documents show that Hashdex met with the U.S. Securities and Exchange Commission again this week to discuss its spot Bitcoin ETF.
● Grayscale CEO: Regulators should strive to establish a fair playing field for all market participants
According to Golden Finance, Grayscale CEO Michael Sonnenshein recently said in an interview with Bloomberg TV that regulators should strive to establish a fair competition environment for all market participants. We have always publicly advocated that when the SEC is ready to provide the necessary approval for the listing of spot products, it should be done at one time. Grayscale is willing to list GBTC as an ETF, while promising to reduce the current 2% expense ratio once it begins trading as an ETF.
● Montenegrin court cancels extradition approval for Do Kwon
According to a tweet from Tree News, a Montenegrin court rescinded its approval for Do Kwon’s extradition, Foresight News reported.
● Google search volume shows Solana is gaining attention
According to Planet Daily, data shows that Google searches for the word "solana" increased by 250% from October to December. The Google search index increased from 14 two months ago to 49 in early December (the peak in 2020 reached 100). Market data shows that the price of Solana rose 224% between October 11 and December 18.
● Cathie Wood's ARK Invest reduced its holdings of GBTC by approximately US$27.6 million
According to the Daily Planet, Cathie Wood's ARK Invest sold 809,441 GBTC shares, equivalent to approximately US$27.6 million, through the ARKW fund on Monday (December 18).
● PwC report: More than 20 countries have adopted comprehensive crypto regulatory frameworks in the past year
According to CoinDesk, a report from PricewaterhouseCoopers (PwC) shows that more than 20 countries have adopted comprehensive crypto regulatory frameworks in the past year. The report, released on Tuesday, said that 42 countries are involved in various initiatives aimed at developing crypto regulation and legislation, from holding discussions to passing laws.
According to PwC, these regulatory and legislative initiatives are divided into four key areas: stablecoin regulation, travel rule compliance, licensing and listing guidance, and crypto framework development. The report shows that 23 countries, including Japan, the Bahamas and some EU countries, have launched initiatives in all areas of concern. Lawmakers and regulators in countries such as Uganda, India and Brazil have only focused on one or two of these areas. Of the four areas of concern, the Financial Action Task Force's travel rules received the most widespread consideration among countries in the report, with 40 of 42 jurisdictions at least discussing the issue. In contrast, regulatory issues are the least considered among these countries when it comes to stablecoin issuance guidelines. The report stated that eight countries, including India, Brazil, Turkey, the United Arab Emirates and Taiwan, will not involve stable currency legislation in 2023. Turkey is the only country in the report that has not made any progress on crypto-related initiatives at the national level. PwC said in a summary of Tuesday's report: "Remarkable progress has been made in global digital asset regulation. However, this significant development shows that there is still much work to be done."