Editorial Team

MicroStrategy buys 5 million worth of Bitcoin

MicroStrategy buys $615 million worth of Bitcoin

MicroStrategy expands Bitcoin trove by 14K BTC purchased for $623M, bringing total holdings to 189K BTC now valued at over $8B.

Bitcoin Dec. 27, 2023

Crypto funds hit $50 billion as Bitcoin ETF approval nears

Crypto ETP assets top $50 billion, per BitMEX Research. Grayscale's Bitcoin Trust leads, while a spot BTC ETF decision looms.

Markets Dec. 27, 2023

Kyber Network cuts 50% of its staff following $48 million exploit

Kyber Network rebuilds after hacker exploit and theft; plans to boost sustainability and support affected users.

DeFi Dec. 26, 2023

Weekly Briefing: Bitcoin spot ETF 90% shot at approval in January 2024: Bloomberg analysts

Hello CryptoBriefers!

Here's a recap of the stories we are watching:

Bloomberg analysts say there's a 90% chance of a Bitcoin spot ETF approval as the SEC works with issuers.

Mastercard trials CBDC transactions on Ethereum connecting traditional finance with the open crypto world.

MetaMask & Stripe add one-click dollar trading, bringing crypto closer to mainstream adoption.

Let's dive in.

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Today's Newsletter

Bitcoin spot ETF 90% shot at approval in January 2024
Mastercard tests CBDCs on Ethereum in Australia pilot
MetaMask & Stripe launch US fiat on-ramps

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Markets

Ticker

24hr

7d

Bitcoin

-0.3%

-4.2%

Ethereum

-0.2%

-5.8%

L1s

-0.4%

-2.7%

L2s

-1.5%

-7.9%

DeFi

-1.1%

-5.3%

Fear & Greed Index

Fear (45)

Neutral (50)

Data powered by CoinGecko.

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Top Stories

BITCOIN

Bitcoin spot ETF 90% shot at approval in January 2024

Bloomberg ETF experts say there's a 90% chance we will see a Bitcoin spot ETF approved within three months.

Bernstein, a multi-billion dollar fund, thinks a Bitcoin ETF could unlock $600B in new demand and Grayscale says that 77% of Americans would be more likely to invest in BTC if they could buy it via a spot ETF. [link]

ADOPTION

Mastercard tests CBDCs on Ethereum in Australia pilot

The payments giant's CBDC experiment on private and public blockchains was deemed successful.

After CBDCs were limited to centralized chains, Mastercard now expands to decentralized crypto and interacts with Ethereum. [link]

ADOPTION

MetaMask & Stripe launch US fiat on-ramps

Leading crypto wallet MetaMask partners with Stripe to allow 30M users to buy crypto with one click using US dollars.

Reputable fiat channels that simplify crypto purchasing are key to mainstream adoption. [link]

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Other News

USDR stablecoin crashes 50% after run on reserves.

SEC doesn't plan to appeal court ruling on Grayscale spot Bitcoin ETF. [theblock]

Coinbase says IRS seeks 'unlimited tracking' in proposed tax rules.

Uniswap launches Android wallet beta. [cointelegraph]

Microsoft fears Chinese Bitcoin mines in the US.

SBF's alleged Chinese bribes. [cointelegraph]

Secret Alameda recording reveals moment staff learned about FTX deposits. [cointelegraph]

News Oct. 13, 2023

Weekly Briefing: JPMorgan launches tokenization network, mints BlackRock funds tokens

Binance collaborated with Israel to cut off crypto financing to militant groups responsible for recent attacks.

News Oct. 11, 2023

Weekly Briefing: FTX customers may get full payout thanks to Google & Amazon

Hello CryptoBriefers!

Here are the biggest headlines from this week.

The big tech race to seize the AI market could rocket FTX’s AI investments and provide sufficient funds to make customers whole.

As the SBF trial kicked off this week, his co-founder took the stand to reveal details about the commingling of customer deposits carried out by SBF's associates.

After a muted debut of Ethereum futures ETFs, crypto analysts suggest rotating into Bitcoin.

Let's get right to it.

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Today's Newsletter