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- 12/27/24: Bitwise's New ETF 💰💸🪐
12/27/24: Bitwise's New ETF 💰💸🪐
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Top News
Bitwise files Bitcoin Standard Corporations ETF application
Tether’s USDT to be removed from EU exchanges on Dec 30
Jupiter DEX to distribute 700M tokens in January airdrop
Specs’ Insights
1. Bitwise files Bitcoin Standard Corporations ETF application
🚨 BREAKING: Bitwise files for #Bitcoin Standard Corporations ETF.
— Cointelegraph (@Cointelegraph)
9:41 AM • Dec 27, 2024
⌐◪-◪ → Bitwise just filed for a new ETF!
Bitwise has filed for a “Bitcoin Standard Corporations ETF” that will invest in companies holding at least 1,000 BTC ($96M) in their corporate treasury.
This is another example of Bitwise pushing crypto forward on Wall Street. Remember, they were the first Bitcoin ETF to publish wallet addresses, allowing real-time verification of their holdings—a new standard for transparency.
This ETF is a genius way to attract investors looking for diversified Bitcoin exposure. Shoutout to Hunter Horsley and the Bitwise team for consistently leading the charge in bridging crypto and TradFi.
2. Tether’s USDT to be removed from EU exchanges on Dec 30
On December 30th USDT will be delisted from EU exchanges.
Not spreading FUD, but why not diversify your USDT into a few different stable coins.
— MMCrypto (@MMCrypto)
9:10 AM • Dec 27, 2024
⌐◪-◪ → Something is going on with Tether.
Tether hasn’t minted anything in over two weeks, and tomorrow it will be officially banned in Europe, leading to delistings from hundreds of exchanges for non-compliance with regulatory frameworks.
This is a big deal considering Tether is the largest stablecoin in crypto by far. For context, here are the top 3 stablecoins by market cap.
Tether: $139.27B
USDC: $43.57B
Ethena: $5.91B
FUD is swirling, with some speculating a major depegging could occur. But let’s not forget, Tether has survived intense FUD since 2017 and remains dominant.
As USDC and other stablecoins like Ripple’s RLUSD gain ground, the battle for dominance will heat up. Chaos is a ladder, and stablecoin markets are about to see some serious shifts.
3. Jupiter DEX to distribute 700M tokens in January airdrop
jupiter just announced the first draft of jupuary / $jup airdrop
what do you think?
— gum (@0xGumshoe)
5:45 PM • Dec 26, 2024
⌐◪-◪ → Jupuary 2025 is around the corner!
Jupiter, Solana’s largest DEX aggregator, is gearing up for its second airdrop, called “Jupuary.” The event will distribute 700M $JUP tokens (worth $580M) to DEX users and stakers in a tier-based system.
Eligibility is based on trading volume over the last year. For example, wallets with $800+ in trades will receive at least 50 tokens, while those with $29,000+ in volume could receive 250 tokens. So far, 2.3M wallets are eligible, making this a huge event in both size and value.
For context, Jupiter dropped 1B tokens last year, and with plans to burn 3B tokens soon, the supply is tightening. Free money always shakes the market—get ready for the ripples when this hits!
Everything Else
📈 Market Snapshot
⛓️ Crypto & DeFi
Cancer lab to receive $1M+ after charity memecoin MIRA soars
Base’s transaction count maintains momentum through Q4
Coindesk predicts crypto will see a resurgence of ICOs in 2024
SCENE story of the year is the boom-and-bust cycle of 2024
Animoca Brand founder Yat Sui’s X account is exploited
Top-performing crypto assets: bigger gains than bitcoin in 2024
Bitget to burn 40% of total supply of BGB and introduce quarterly burns
🏦 Wall Street & VC
Bitwise and Strive file for ETFs focused on Bitcoin treasuries
Bitget token merger: BGB price increases amid market-wide declines
🌎 Rest Of The World
CBDC see advancement across Asia in 2024
Singapore and Hong Kong: leading 2024 crypto regulatory advances