Daily market update (December 20, 2024, 10:05 AM)
ChainDD's market data on December 20 shows, comprehensive DD index and CoinMarketCap quotes:
BTC is priced at 96,129.66 USD, down approximately 3.51% in 24 hours;
ETH is priced at 3,392.12 USD, down approximately 5.69% in 24 hours;
BNB is priced at 665.34 USD, down approximately 3.16% in 24 hours;
DOT is priced at 7.04 USD, down approximately 5.50% in 24 hours;
DOGE is priced at 0.3154 USD, down approximately 10.15%.
Cryptocurrency market dynamics
The SEC approved the listing applications for Hashdex and Franklin Crypto Index ETFs.
Documents released by the US Securities and Exchange Commission (SEC) show that it has approved the listing applications for the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF. These two ETFs will hold both bitcoin and ethereum spot assets, with allocation ratios based on market capitalization and free float, and will be listed on the Nasdaq and Cboe BZX exchanges.
The SEC noted in its approval documents that the CME Bitcoin and Ethereum futures markets are highly correlated with the spot market, and the comprehensive regulatory sharing agreement between Nasdaq, Cboe BZX, and CME can effectively monitor and prevent market manipulation. Both ETFs must comply with strict information disclosure requirements, including updating the fund's reference net asset value every 15 seconds and publishing net asset value information on the exchange's website.
El Salvador Bitcoin Office: 1 million USD worth of BTC has been transferred to strategic reserves.
The El Salvador Bitcoin Office announced on the X platform that it has transferred 1 million USD worth of BTC to El Salvador's strategic bitcoin reserves.
According to previous news, at 8:07 AM Beijing time this morning, a Salvadoran wallet address purchased 11 bitcoins worth 1.07 million USD for its strategic bitcoin reserves.
Craig Wright, who claims to be Satoshi Nakamoto, was sentenced to 12 months in prison, with a two-year probation.
Australian scientist Craig Wright, who claims to be Satoshi Nakamoto, was found in contempt of court and sentenced to 12 months in prison, with a two-year probation. It is reported that he appeared in court via video link, refusing to disclose his exact location but stated that he would appeal.
Previously, Wright initiated a £90 billion 'lawsuit' involving intellectual property. In March this year, a UK judge ruled that Wright is not Satoshi Nakamoto. The Crypto Open Patent Alliance (COPA) first sued Wright in April, trying to prevent him from claiming copyright over the bitcoin white paper and database. During the trial, two key figures testified, including Adam Back, a pioneer of the Bitcoin proof-of-work consensus system.
IMF responds to bitcoin's legal tender status in El Salvador: BTC use will be voluntary.
IMF spokesperson Kozak stated when asked about the status of bitcoin as legal tender in El Salvador that the use of bitcoin will be voluntary. He also mentioned that the US labor market is cooling down, and the inflation rate is higher than expected, but it is trending toward the 2% target. Due to the high uncertainty regarding the US economic outlook, the Federal Reserve needs to adjust the pace and magnitude of rate cuts based on upcoming data.
IMF spokesperson: A comprehensive assessment will be conducted when Trump's US strategic bitcoin reserve plan is implemented.
IMF spokesperson Kozak stated when asked about the status of bitcoin as legal tender in El Salvador that the use of bitcoin will be voluntary. He also mentioned that the US labor market is cooling down, and the inflation rate is higher than expected, but it is trending toward the 2% target. Due to the high uncertainty regarding the US economic outlook, the Federal Reserve needs to adjust the pace and magnitude of rate cuts based on upcoming data.
El Salvador Bitcoin Office Director: BTC will continue to be the legal tender in El Salvador.
The director of the El Salvador Bitcoin Office stated that bitcoin will continue to be the legal tender in El Salvador. After reaching an agreement with the IMF, the official bitcoin wallet Chivo will be sold or discontinued.
According to previous news, El Salvador will continue to purchase bitcoin, possibly at a faster pace, as part of its strategic reserves.
Grayscale: Grayscale Sui Trust has been opened to qualified investors.
Grayscale announced on X platform that Grayscale Sui Trust has been opened to qualified investors, supporting these investors in gaining exposure to SUI investments.
