Weekly Briefing: Bitcoin spot ETF 90% shot at approval in January 2024: Bloomberg analysts
<div class="ml-rte-text"></div> <div class="ml-rte-text"> <p style="text-align: left;" data-redactor-style-cache="text-align: center;"><strong>Hello CryptoBriefers!</strong></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Here's a recap of the stories we are watching:</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Bloomberg analysts say there's a 90% chance of a Bitcoin spot ETF approval as the SEC works with issuers.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Mastercard trials CBDC transactions on Ethereum connecting traditional finance with the open crypto world.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">MetaMask & Stripe add one-click dollar trading, bringing crypto closer to mainstream adoption.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Let's dive in.</p> <span style="color: #ffffff;">a</span> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><strong>Today's Newsletter</strong></p> </div> <div class="ml-rte-text"> <ul> <li>Bitcoin spot ETF 90% shot at approval in January 2024</li> <li>Mastercard tests CBDCs on Ethereum in Australia pilot</li> <li>MetaMask & Stripe launch US fiat on-ramps</li> </ul> <span style="color: #ffffff;">a</span> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 28px; margin-top: 15px;" data-redactor-span="true" data-redactor-style-cache="font-size: 28px; display: block; margin-top: 15px;"><strong>Markets</strong></span></p> </div> <table id="tableBlock-42" role="presentation" border="0" width="100%" cellspacing="0" cellpadding="0" align="center"> <tbody> <tr> <td class="ml-rte-table" style="padding: 0 0 20px 0;" align="center"> <div class="table-responsive" style="width: 100%;"> <table class="mlContentTable" style="border-collapse: collapse; border: 1px solid #eeeeee;" role="presentation" border="1" width="100%" cellspacing="0" cellpadding="0" align="center" bgcolor="#FFFFFF"> <tbody> <tr> <th style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" align="left" valign="middle" bgcolor="#FFFFFF"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Ticker</p> </th> <th style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" align="left" valign="middle" bgcolor="#FFFFFF"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">24hr</p> </th> <th style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" align="left" valign="middle" bgcolor="#FFFFFF"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">7d</p> </th> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Bitcoin</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-0.3%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-4.2%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Ethereum</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-0.2%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #a52834;">-5.8%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">L1s</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-0.4%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-2.7%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">L2s</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-1.5%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-7.9%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">DeFi</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-1.1%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-5.3%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Fear & Greed Index</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">Fear (45)</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">Neutral (50)</p> </td> </tr> </tbody> </table> </div></td> </tr> </tbody> </table> <div class="ml-rte-text"> <p style="text-align: right;" data-redactor-style-cache="text-align: right;"><span data-redactor-span="true" data-redactor-style-cache="color: rgb(127, 140, 141);"><span style="font-size: 12px;" data-redactor-span="true" data-redactor-style-cache="font-size: 12px;">Data powered by CoinGecko.</span></span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><strong><span style="font-size: 28px; margin-top: 15px;" data-redactor-span="true" data-redactor-style-cache="font-size: 28px; display: block; margin-top: 15px;"><span style="color: #ffffff;">a</span></span></strong></p> <p style="margin-top: 15px;"><strong><span style="font-size: 28px; margin-top: 15px;" data-redactor-span="true" data-redactor-style-cache="font-size: 28px; display: block; margin-top: 15px;">Top Stories</span></strong></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 12px; color: #808080;" data-redactor-span="true" data-redactor-style-cache="caret-color: rgb(127, 140, 141); font-size: 12.000001px; color: rgb(127, 140, 141);"> BITCOIN</span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><strong><span style="font-size: 20px;" data-redactor-span="true" data-redactor-style-cache="font-size: 20px;"><strong>Bitcoin spot ETF 90% shot at approval in January 2024</strong> </span></strong></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Bloomberg ETF experts say there's a 90% chance we will see a Bitcoin spot ETF approved within three months.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">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. <a style="color: #000000; text-decoration: none;" title="Remove">[</a><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/bitcoin-etf-90-shot-approval-2024-bloomberg/" data-link-id="101966786829747548"><u>link</u></a>]</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 12px; color: #808080;" data-redactor-span="true" data-redactor-style-cache="caret-color: rgb(127, 140, 141); font-size: 12.000001px;">ADOPTION</span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><strong><span style="font-size: 20px;" data-redactor-span="true" data-redactor-style-cache="font-size: 20px;">Mastercard tests CBDCs on Ethereum in Australia pilot</span></strong></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">The payments giant's CBDC experiment on private and public blockchains was deemed successful.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">After CBDCs were limited to centralized chains, Mastercard now expands to decentralized crypto and interacts with Ethereum. [<u><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/mastercard-tests-cbdcs-ethereum-australia/" data-link-id="101966786834990430">link</a>]</u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 12.000001px;" data-redactor-span="true" data-redactor-style-cache="caret-color: rgb(127, 140, 141); font-size: 12.000001px; color: rgb(127, 140, 141);"> <span style="color: #808080;">ADOPTION</span></span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 20px;" data-redactor-span="true" data-redactor-style-cache="font-size: 20px;"><strong>MetaMask & Stripe launch US fiat on-ramps</strong></span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Leading crypto wallet MetaMask partners with Stripe to allow 30M users to buy crypto with one click using US dollars.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Reputable fiat channels that simplify crypto purchasing are key to mainstream adoption. [<u><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/metamask-stripe-us-fiat-on-ramps/" data-link-id="101966786841281887"><u>link</u></a></u>]</p> <span style="color: #ffffff;">a</span> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><strong><span style="font-size: 28px; margin-top: 15px;" data-redactor-span="true" data-redactor-style-cache="font-size: 28px; display: block; margin-top: 15px;">Other News</span></strong></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/usdr-crashes-after-run-reserves/" data-link-id="101966786854913377">USDR stablecoin crashes 50% after run on reserves.</a></u></span> </span></u></span></span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><a style="color: #000000; text-decoration: none;" href="https://www.theblock.co/post/256444/sec-doesnt-plan-to-appeal-court-ruling-on-grayscale-spot-bitcoin-etf-reuters" data-link-id="101966786860156258"><u>SEC doesn't plan to appeal court ruling on Grayscale spot Bitcoin ETF. [theblock]</u></a></span> </span></span></u></span></span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/irs-seeks-unlimited-tracking-tax-rules/" data-link-id="101966786864350563"><u>Coinbase says IRS seeks 'unlimited tracking' in proposed tax rules.</u></a></span></span></u></span></span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><a style="color: #000000; text-decoration: none;" href="https://cointelegraph.com/news/uniswap-launches-android-wallet-beta-for-google-play" data-link-id="101966786870642020">Uniswap launches Android wallet beta. [cointelegraph]</a></u></span></span></span></u></span></span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/microsoft-fears-chinese-bitcoin-mines/" data-link-id="101966786895807845"><u>Microsoft fears Chinese Bitcoin mines in the US.</u></a></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><a style="color: #000000; text-decoration: none;" href="https://cointelegraph.com/magazine/sbf-bribe-binance-account-freeze-huobi-hacker/" data-link-id="101966786901050726">SBF's alleged Chinese bribes. [cointelegraph]</a></u></span> </span></u></span></span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><u><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><span class="ml-rte-link-wrapper" data-redactor-span="true"><a style="color: #000000; text-decoration: none;" href="https://cointelegraph.com/news/secret-recording-caroline-ellison-alameda-sbf-trial" data-link-id="101966786905245031"><u>Secret Alameda recording reveals moment staff learned about FTX deposits. [cointelegraph]</u></a></span></span></span></span></u></span></span></span></span></span></u></span></span></span></u></span></u></p> </div>
Powered by Gloria
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.
a
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
a
Markets
|
Data powered by CoinGecko.
a
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]
a
Other News