📣📣TODAY MARKET  NEWS! (25/12/23)

1️⃣ SEC Sets Deadline for Spot Bitcoin ETF Updates On Dec. 29 🤔

According to a Reuters report, officials with the U.S. Securities and Exchange Commission met on Thursday with representatives of at least seven companies who were planning to launch spot bitcoin ETFs in early 2024, including representatives from BlackRock, Grayscale Investments, ARK Investments and 21 Shares.

During this meeting, the SEC set a deadline for spot Bitcoin ETF applicants to file final S-1 amendments by Dec. 29.  Notably, the SEC reportedly told attendees that any issuer that doesn’t meet the Dec. 29 deadline will not be part of a first wave of potential spot Bitcoin ETF approvals in early January.

Source

2️⃣ Spot Bitcoin ETFs Could ‘Completely Destroy’ Bitcoin: Arthur Hayes 🥶

According to a recent blog post published by former BitMEX CEO Arthur Hayes, spot Bitcoin ETFs could “completely destroy” Bitcoin if they are too successful. Notably, Hayes suggested that Bitcoin has value because “it moves,” since a healthy number of transactions on the network is essential to keeping miners incentivised to continue validating transactions.

However, if spot Bitcoin ETFs are “too successful” it will result in a vacuuming up of assets by other ETF issuers who will “store them in a metaphorical vault.” This will eventually result in a future where investors predominantly end up buying Bitcoin derivatives rather than HODLing themselves.

3️⃣ Japan Seeks to Exempt Companies from Tax on Unrealised Crypto Gains 🇯🇵

According to local media reports, the Japanese government has approved a 2024 tax regime revision that seeks to exclude corporations from paying tax on unrealised crypto gains if they hold the assets longer term. While the cabinet approved the revision on Friday, the bill still needs to be submitted to a regular Diet session set in January 2024 and approved by the Lower House and the Upper House.

JUST IN: 🇺🇸 SEC tells spot #Bitcoin ETF applicants to update submissions by December 29 if they want to be approved in the first wave - Reuters

This is the Great week of Crypto 💥💥💥💥

All the talk recently has been around spot Bitcoin ETFs and if you remember there are 12 spot ETF applications outstanding that the SEC could in theory approve in the next few days failing that experts believe there is a 90% chance that they will get approved by January however what caused the pump in crypto prices yesterday and caused eth's price to push past $2,000 for the first time in months was speculation over a spot ethereum ETF instead now it emerged that black rock which as you'll remember is one of the entities filing for a spot Bitcoin ETF is also now looking to do the same for ethereum as well.
#etf #Poloniex #ETH #BTC

What is the price prediction of Dogelons Mars at the end of 2025? 🚀🚀💥💥💥💥
#BRC20 #MemeCoinBuzz

Dogelon Mars (ELON) is one of the top 10 meme coins by market cap. This coin, true to the meme coin culture, is based on a dog combined with Elon Musk’s name and his Mars obsession to drive hype. Being a meme coin means there’s no real utility behind the coin. You can’t vote in a decentralized autonomous organization (DAO) and you can’t stake it. What it has, though, is pure speculative value at the moment.

This isn’t necessarily bad, given how some traders, like the one who turned $500 into a million-dollar fortune with meme coins, have made a lot of money in a short period of time. However, there’s a high risk where high rewards are involved.
Dogelon Mars has a lot of potential, but it is also a riskier investment than some other cryptocurrencies such as Bitcoin and Ethereum. Based on my technical analysis regarding the prices of Dogelon Mars, in 2025, ELON is expected to have the following minimum and maximum prices: about $$0.00000037 and $$0.00000043, respectively. The average expected trading cost is $$0.00000038.
$BTC

Markets Looking Good 😊 For Airdrop

My Top 5 Prediction For Upcoming 🪂
Layerzero (Nov-Jan)
Cyberconnect S2 (Dec-Feb)
Venom (Oct-Dec)
Tabi (Nov-Dec)
Scroll (Nov-Jan)

Complete All Activities For Potential Airdrop.. Layerzero Must Pick ⛏️
#BTC #link #xrp #lightningnetwork

Solana Liquidation 💥💥💥💥

the FTX liquidation event has caused another major fear in the salana community in 2021 salana raised nearly $300 million through a private token sale and one of its largest investors was alamina research this is why during the FDX Fiasco there were rumors circulating that the FDX exchange was offloading its assets including salana Holdings and all of its ecosystem token you see on this table they have sold a total of around the 58 million salana to Alam and FTX at today's value that's worth just around $1.1 billion the latest accounting of FTX liquidations shows that FTX still holds around 42 million salana tokens that they can sell and just last week on September 13th the US courts officially gave FTX the green light to start selling their billions of crypto Holdings for their bankruptcy claims however these tokens cannot be dumped on the market.

What is the percentage of your portfolio that should be invested in cryptocurrencies, and what is the level of risk involved with doing so? 💲💲💸

If you’re hoping to invest in cryptocurrency to capitalize on the hype or snag an “opportunity of a lifetime,” don’t be afraid to slow down. Most of the financial advisors and planners recommend that you only invest a limited chunk (5% or less) of your total portfolio in crypto due to its volatile nature. Meanwhile, others are more comfortable with the risk, so it’s all about what you’re willing to take on.
#xrp #etf #geminiearn #bnbgreenfield $BTC $ETH

Crypto Adoption in UK

In recent weeks the UK has introduced new legislation for the crypto industry and while some of this is to be welcomed because it does move closer to a state of regulatory Clarity some of it has actually complicated the picture for many crypto entities in the UK and it could soon result in many crypto companies and perhaps crypto holders leaving the country until they feel more comfortable doing business there however as we've said before regulation are necessary unfortunately for the crypto industry to develop so if the UK does keep going in this direction perhaps it could soon be the second largest country by crypto transaction volume although let's face it it's still got a long way to go to catch up with the US OFA .

#xrp #etf #bnbgreenfield