Internet Computer

Bitcoin ETF

Bitcoin

Axie Infinity

TOP 5 Losers Coins
<table class="table border text-center table-bordered data-table">
 <thead>
 <tr>
 <th class="border-0">Indices</th>
 <th class="border-0">LTP</th>
 <th class="border-0">Change (%)</th>
 </tr>
 </thead>
 <tbody>
 <tr>
 <td>Astar</td>
 <td class="text-black">$0.118</td>
 <td class="text-danger">17.27%</td>
 </tr>
 <tr>
 <td>Internet Computer</td>
 <td class="text-black">$10.71</td>
 <td class="text-danger">14.69%</td>
 </tr>
 <tr>
 <td>IOTA</td>
 <td class="text-black">$0.2268</td>
 <td class="text-danger">13.96%</td>
 </tr>
 <tr>
 <td>Conflux</td>
 <td class="text-black">$0.1706</td>
 <td class="text-danger">13.79%</td>
 </tr>
 <tr>
 <td>Axie Infinity</td>
 <td class="text-black">$7.08</td>
 <td class="text-danger">13.23%</td>
 </tr>
 </tbody>
</table>
<h3 id="span-span-data-font-font-size-style-font-size-18px-crypto-news-key-highlights-span-span">Crypto News Key Highlights:</h3>
<ul>
 <li>With the SEC expected to approve the spot Bitcoin ETF, attention turns to the approaching Bitcoin Halving. Historical data reveals substantial post-halving BTC price surges, indicating its significance as a key driver for increased crypto market funds and subsequent rallies for Bitcoin and altcoins. </li>
 <li>Former SEC enforcement officer John Reed Stark criticizes <a href="https://www.coingabbar.com/en/crypto-currency-news/amendment-form-filling-for-spot-bitcoin-etfs-started" title="spot Bitcoin ETF applicants" class="f-link" rel="noopener noreferrer nofollow">spot Bitcoin ETF applicants</a> as "opportunistic cartels" with no intrinsic value, alleging they cater to financial giants for fee extraction. Stark contends the push for a Bitcoin ETF is a calculated scheme, supporting Better Markets' call for regulatory denial. </li>
 <li>Spot Bitcoin ETF approval anticipation is at an ATH, with Bloomberg's Eric Balchunas reducing rejection odds from 10% to 5%. Analysts note potential backlash, citing Grayscale's past lawsuit win against the SEC, suggesting legal precedents make further rejections unlikely. </li>
 <li>VanEck's Matthew Sigel suggests <a href="https://www.coingabbar.com/en/crypto-currency-news/blackrock-has-shown-interest-in-spot-bitcoin-etf" title="spot Bitcoin ETF applicants" class="f-link" rel="noopener noreferrer nofollow">BlackRock's Spot Bitcoin ETF</a> may attract over $2 billion in inflows upon SEC approval, citing a reliable source. Bloomberg's Eric Balchunas notes BlackRock's history of substantial first-day investments, anticipating a potential record-breaking launch. The SEC may issue approval orders for various issuers on January 11. </li>
 <li>CoinsPaid, a crypto payment gateway, faced its second security breach in six months, with Cyvers detecting unauthorized transactions amounting to nearly $7.5 million. The attacker manipulated CPD tokens, swapping for ETH and transferring funds to various exchanges. CoinsPaid suffered a similar breach in July 2023, blaming the North Korean Lazarus Group. </li>
 <li>Increased awareness of FIU notices propelled users towards secure Indian platforms, leading to substantial crypto deposit surges. Mudrex witnessed a $1 million increase and gained 10,000 new users. CoinDCX experienced a remarkable 2000% surge since December 28, indicating growing <a href="https://www.coingabbar.com/en/crypto-currency-news/indian-exchanges-see-surge-in-crypto-deposits-post-fiu-notice" title="confidence in compliant Indian exchanges" class="f-link" rel="noopener noreferrer nofollow">confidence in compliant Indian exchanges</a>. Further growth depends on regulatory clarity, measures against non-compliant platforms, and the ability of Indian exchanges to uphold user-friendly and secure services. </li>
 <li>In the upcoming week, key U.S. economic events cover reports on consumer credit, trade deficit, and wholesale inventories. The December Consumer Price Index (CPI) release on Thursday is critical for gauging inflation trends. Friday features anticipated bank earnings from Wells Fargo and JPMorgan Chase. The ARK 21Shares spot Bitcoin ETF decision on Wednesday is anticipated to receive simultaneous approval, preventing a first-mover advantage. </li>
</ul>
Also read - <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-update-jan-sec-warns-of-fomo-in-spot-bitcoin-etfs" title="24 Crypto Update, 07 Jan: SEC Warns of FOMO in Spot Bitcoin ETFs" class="f-link" rel="noopener noreferrer nofollow">24 Crypto Update, 07 Jan: SEC Warns of FOMO in Spot Bitcoin ETFs</a>

Crypto Daily Roundup 08 Jan: Spot Bitcoin ETFs Steal the Crypto Show

Table of Contents

Coingabbar

Other articles published on Jan 8, 2024

Upbit Singapore Secures Major Payment Institution License by MAS

An Anonymous Wallet Paid $66,000 Worth of Bitcoin for Encrypted Data!

Bithumb Listed Two New Altcoins To Its Trading Pairs

3 Crypto Altcoins to Buy Before They Take Off Like Bitcoin

Bloomberg Analyst Warns of a Potential Pullback After Bitcoin ETFS Approval

Bitcoin Remains Stable Above $43,000 Due To Trader Reluctance

Join our free newsletter for daily crypto updates!