Render

Akash Network

Arbitrum

Beam

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>Akash Network</td>
 <td class="text-black">$2.94</td>
 <td class="text-danger">8.15%</td>
 </tr>
 <tr>
 <td>Arbitrum</td>
 <td class="text-black">$2.19</td>
 <td class="text-danger">8.15%</td>
 </tr>
 <tr>
 <td>WEMIX</td>
 <td class="text-black">$2.72</td>
 <td class="text-danger">5.34%</td>
 </tr>
 <tr>
 <td>Render</td>
 <td class="text-black">$3.94</td>
 <td class="text-danger">5.33%</td>
 </tr>
 <tr>
 <td>Beam</td>
 <td class="text-black">$0.0188</td>
 <td class="text-danger">4.31%</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>Vanguard opts out of offering spot Bitcoin ETFs, citing the highly speculative and unregulated nature of the crypto market, aligning with their cautious long-term investing philosophy. On the first trading day, clients faced hurdles on various platforms, impacting the anticipated influx into BlackRock's IBIT. </li>
 <li>Newly approved spot bitcoin ETFs, including those from Grayscale, BlackRock, and Fidelity, achieved a <a href="https://www.coingabbar.com/en/crypto-currency-news/spot-bitcoin-etf-trading-volume-surge-on-inaugural-day" title="remarkable $4.50 billion in trading volume on their first day" class="f-link" rel="noopener noreferrer nofollow">remarkable $4.50 billion in trading volume on their first day</a>, indicating strong investor interest. Bitcoin experienced a 1.3% uptick to $46,851. The SEC's approval is seen as transformative, projecting potential 2024 inflows of $50-100 billion.&nbsp; </li>
 <li>Spot Bitcoin ETF approval by the SEC has spurred interest in potential XRP ETFs, according to Valkyrie's CIO, Steve McClurg. With a focus on Ethereum ETF filings, McClurg suggests Ripple's XRP could be the next contender. The prospect of an XRP ETF could attract institutional investors, boost mainstream visibility, and provide a liquidity boost for the cryptocurrency. </li>
 <li>U.S. lawmakers demand answers from the SEC and Chair Gensler after a <a href="https://www.coingabbar.com/en/crypto-currency-news/sec-account-hack-before-bitcoin-etf-approval-decision" title="fake tweet about bitcoin ETF approval" class="f-link" rel="noopener noreferrer nofollow">fake tweet about bitcoin ETF approval</a> from the SEC's compromised X account. The letter highlights concerns about the lack of two-factor authentication and requests a briefing by January 17, 2024. </li>
 <li>Fundstrat's head of research, Tom Lee, predicts Bitcoin's short-term price at over $150K and envisions a long-term potential of $500K in five years. He emphasizes finite supply and increased demand with spot Bitcoin ETF approval, echoing a bullish sentiment shared by others in the industry. </li>
 <li>Cathie Wood, CEO of Ark Invest, disclosed that roughly 25% of her net worth is in Bitcoin, emphasizing her confidence in innovation. While focusing on Bitcoin holdings, she hinted at other digital assets in Ark's funds. Wood also discussed the long-term impact of the newly approved Bitcoin ETFs. </li>
 <li>According to Coingabbar, <a href="https://www.coingabbar.com/en/crypto-currency-news/indian-engineer-faces-setback-after-investing-in-crypto" title="Crypto scams in India" class="f-link" rel="noopener noreferrer nofollow">Crypto scams in India</a> persist, targeting educated individuals like engineers. A recent case involves an engineer losing $15,000 after joining a Telegram group. The platform is frequently used for scams due to low digital awareness. Despite government strictness, scams continue, prompting potential future regulatory measures. </li>
</ul>
Also read - <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-update-jan-ethereum-shines-as-bitcoin-takes-a-breather" title="24 Crypto Update, 11 Jan: Ethereum Shines as Bitcoin Takes a Breather" class="f-link" rel="noopener noreferrer nofollow">24 Crypto Update, 11 Jan: Ethereum Shines as Bitcoin Takes a Breather</a>

Crypto Daily Roundup, 12 Jan: Bitcoin Unmoved, ETH Bull Run Unleashed

Table of Contents

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