Bitcoin ETF Doubts Lead to Market Slide

📉 Bitcoin Faces Sharp Decline Amid Market Speculation

Significant Value Drop: Bitcoin experienced an 8% decrease in value, leading to a $400M liquidation in derivatives exchanges, reversing its gains from the start of January.

Impact of ETF Skepticism: The decline is attributed to market doubts over the approval of a Bitcoin ETF, influenced by weak performance in crypto mining stocks and U.S. crypto-related stock sell-offs.

Fluctuating Prices and Regulatory Decisions: After a high of $45,500, Bitcoin's price fell to $40,550. The SEC's upcoming decision on ETFs may further impact the cryptocurrency market. Read More.

️ On today's Top Picks:

  1. ⛏️ Satoshi mined the first Bitcoin on this day 15 years ago.
  2. 🚧 UniSat to split BRC-20 token standard despite pushback.
  3. 🪂 Dymension $DYM genesis airdrop is live.
  4. 💰 Michael Saylor sells MicroStrategy stock options.

Read time: ⏰ 5 minutes


Crypto News


• ⭐️ Satoshi Nakamoto mined the first Bitcoin on this day 15 years ago.

• ⭐️ UniSat to split BRC-20 token standard despite pushback from BRC-20 creator.

Jesse Pollak posts makeshift Base roadmap on X.

Vitalik calls on L2's to work on CCIP resolvers for Ethereum Name Service.

Etherscan acquires Solscan, a Solana block explorer.

IRS new tax reporting obligation requires a report to the IRS when receiving $10K or more in cryptocurrency.

Alpha


Particle Network alongside 50+ protocols introduce The People's Alliance.

Mantle unveils Mantle Moonshot Week 4 beginning January 4th.

Manta domain registration through Space ID is live.

Br1an to stream Building The Next Memecoin on Unlonely.

Airdrops


• ⭐️ Dymension $DYM genesis airdrop is live.

Sleepless AI $AI airdrop set to go live tomorrow.

Jupiter targets end of January for $JUP airdrop.

Sail DAO to airdrop $SAIL to Osmosis stakers.

LessFnGas airdrops $LFG to Ethereum users.

Finance News


US National Debt eclipses $34 Trillion.

Turkey's inflation rises to 64.8% as central bank pivots.

• ⭐️ Michael Saylor sells $216M worth of MicroStrategy $MSTR stock options to buy more Bitcoin $BTC.

Tesla $TSLA delivers record number of electric vehicles but loses top spot to BYD.

Apple $AAPL slips after Barclays downgrades stock rating.

Security and Exploits


Radiant Capital exploited for ~$4.5M but no other funds are at risk.

Nest Wallet co-founder scammed for ~$125K due to fake airdrop website.

SMTP Smuggling exploit technique emerges targeting vulnerable SMTP servers.

Token Unlocks


• Euler / 117.04K $EUL / ~$462K / JAN 03
• Liquity / 657.35K $LQTY / ~$986K / JAN 04
• Galxe / 3M $GAL / ~$6.97M / JAN 04
• Hashflow / 13.62M $HFT / ~$5.31M / JAN 06


Funding


Cryptocurrency December VC funding was at $910M across 98 projects.

ISSP, a cross-chain inscription protocol; raises an undisclosed amount in funding from KuCoin Labs.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Solv Funds logoSolv Funds (Arbitrum)USDT98.94%
Curve DEX logoCurve DEX (Ethereum)IDAIIUSDCIUSDT78.21%
Beefy logoBeefy (Ethereum)MKUSDUSDC45.26%
Aura logoAura (Ethereum)DOLAUSDC37.85%
Merkl logoMerkl (Arbitrum)STEURUSDC37.64%
PancakeSwap AMM V3 logoPancakeSwap AMM V3 (BSC)USDTFDUSD35.50%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT33.05%
Gamma logoGamma (Arbitrum)GDAIDAI31.40%
. . .

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. . .

That’s it for today’s edition! See you soon.

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