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Quick Take Thailand’s Securities and Exchange Commission is considering allowing local bitcoin ETFs to list on local exchanges, according to Bloomberg. The regulator has previously approved a local fund-of-funds that offers institutional investors exposure to overseas bitcoin ETFs.
Quick Take The bitcoin derivatives market shows increased volatility ahead of President-elect Donald Trump’s second inauguration, with a notable rise in put options. Ethereum traders anticipate even higher volatility than bitcoin traders, as both markets reflect cautious sentiment in response to the upcoming political transition.
Quick Take Arweave packed encrypted data, stored using synthetic-DNA technology, onto a lunar lander and sent it to the moon, where it is meant to last for thousands of years.
Quick Take The U.S. Securities and Exchange Commission is likely to look very different under the incoming Trump administration. SEC Commissioners Hester Peirce and Mark Uyeda could begin refitting the agency’s views on crypto as soon as next week, Reuters reported on Wednesday, citing people briefed on the situation.
Quick Take Bitcoin briefly touched the $100,000 mark on Wednesday amid signs of cooling U.S. inflation and renewed optimism for risk assets. Analysts point to easing core CPI and expectations of a less hawkish Fed as key factors boosting market sentiment.
Quick Take The fund would prioritize investments in digital asset-focused companies such as exchanges, crypto payment platforms and mining firms, among others.
Quick Take In a brief filed late on Wednesday, the SEC said it disagreed with the U.S. District Court for the Southern District Court’s earlier ruling that said some sales of XRP to retail investors did not violate securities laws. The SEC accused Ripple of trying to boost XRP’s demand through public statements to “increase demand for XRP to increase XRP’s price.”
- 04:00Stripe has officially completed the acquisition of Bridge, and the Bridge team has joined Stripe headquartersAccording to CNBC, the payment company Stripe officially completed its acquisition of stablecoin infrastructure company Bridge this Tuesday, spending $1.1 billion. This is Stripe's largest acquisition to date, marking a significant layout in the field of stablecoins. Bridge's team of about 60 people has already joined at Stripe's headquarters in San Francisco. Bridge focuses on helping businesses accept stablecoin payments while reducing the complexity of direct contact with digital assets; its clients include Coinbase and SpaceX. Stripe supported Bitcoin payments in 2014 but terminated related services in 2018. The acquisition of Bridge allows it to optimize cross-border payment solutions and expand stablecoin payment infrastructure. Currently, Stripe processes millions of cross-border transactions every day, with an annual growth rate reaching 50%.
- 03:59Iran supports the unification of BRICS currency, the United States may impose a 100% tariff in responseAccording to Bitcoin.com, Iran has expressed support for a unified currency plan by the BRICS nations. The BRICS countries are accelerating their efforts to reduce dependence on the US dollar, and a unified currency could greatly enhance economic ties between member states. Iran stated that it would fully support this plan if other member states agree. In response, former U.S. President Trump threatened to impose 100% tariffs if the BRICS countries continue to advance this plan.
- 03:59The US spot Bitcoin ETF had a net inflow of 342.08 million USD yesterdayAccording to TraderT monitoring data, the net inflow of the US spot Bitcoin ETF was 342.08 million USD yesterday.