1/9/24: The Great BTC Flood Gate ✅🛰️🧵

Top News

Specs’ Insights

⌐◪-◪ → It looks like the never-ending Bitcoin ETF news cycle may finally come to an end.

VanEck CEO, among others, says ETFs will start trading on Thursday (in 2 days) after getting approved on Wednesday. Feels like a pretty quick turnaround if you ask me.

Crypto hedge fund, Pantera, allegedly plans to purchase $200M through BitWise's ETF - who is currently winning the battle to the lowest fee.

Meanwhile, Grayscale Bitcoin Trust’s discount shrinks to the lowest in 18 months as the market prepares for an “uplisting” of the publicly trading Bitcoin trust to a spot ETF.

Feels bullish - especially with halving in ~99 days.

⌐◪-◪ → Bitcoin's mission to the moon may have already failed, and the superstitious side of me can't help but think it's a bad omen.

The Astrobotic's Peregrine lander suffered a significant anomaly, which will likely make it impossible for the vehicle to land on the Moon.

Basically, we just lost 1 Bitcoin in space and may have accidentally created the most legendary time capsule of all time.

This event lured people to outer space in pursuit of dreams greater than they've ever dared to imagine! This is the time known as 'The Great Spacefaring Era'!

⌐◪-◪ → Like many crypto investors, I'm not a fan of Gary Gensler; however, a small part of me liked the fact that he wrote "A thread 🧵." It felt like a small nod to crypto-twitter culture, even if it was anti-crypto, haha.

The timing of his thread is pretty indicative of an imminent spot Bitcoin ETF approval. Think of it as Gary's final cope before the floodgates burst open.

The best part, however, was all of the hilarious photoshop jobs to Gary's thread, like this one from Foobar. Crypto-twitter is the best.

Everything Else

⛓️ Crypto & DeFi

🏦 Wallstreet & VC

🏛️ Legal & Regulatory

  • US arrests 'Bitcoin Rodney' for IRS fraud charges

  • Blockchain Association responds to Sen. Warren about crypto hires

  • SEC shockingly responds to prospective ETF issuers within hours

🌎 Rest of the World

  • Bitfinex to remove some products & services in UK due to regulations

  • Upbit gets full licensing in Singapore for their crypto exchange

  • North Korean hacker group, Lazarus, withdraws $1.2M from coin mixer

  • Thai government may cancel plans to give every citizen 10,000 baht

🖼️ NFTs & Metaverse

  • SNES emulator inscribed onto Bitcoin by Ninjalerts

  • Taproot Wizards inscribed 3,232 cats

  • 1100 Azuki Beanz get dumped into Blur bids ahead of token

  • XAI gaming token airdrop is now live

  • RLB burns 2B tokens, 40% of the supply

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