Elon Musk mulls Bitcoin for Mars 🪐, Vanguard users protest 💢, Vitalik Buterin's gas limit call+33% 🌪
📌 Daily Crypto, Blockchain & Web3 Update 2024-01-12
CRYPTOCURRENCY
First spot Bitcoin ETF in US begins trading in pre-market with double-digit gains (3 min read)
BlackRock’s iShares Trust was up 22.5%, while Grayscale’s ETF was up 2% during pre-market trading.
Vanguard users threaten to close accounts after firm blocks spot Bitcoin ETFs (5 min read)
Spot Bitcoin ETFs were also reportedly not currently available for purchase on the brokerage platforms of Citi, Merill Lynch, Edward Jones, and UBS.
Elon Musk initially disses, then considers using Bitcoin on Mars (3 min read)
Multibillionaire entrepreneur Elon Musk says it could be possible to use Bitcoin on Mars, though the transaction settlement speed could pose challenges.
Ethereum co-founder Vitalik Buterin calls for 33% increase in gas limit (2 min read)
During an AMA on Reddit, Vitalik Buterin suggested raising the Ethereum gas limit to 40 million to improve network throughput.
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Spot Bitcoin ETFs top $4.5B total volume on the first day of trading (4 min read)
Spot Bitcoin ETFs topped $4.5 billion in trading volume on the first day of trading, but one of the issuers has clarified it hasn’t yet made the cut.
New Bitcoin ETFs “democratize access to the market,” EU analyst says (3 min read)
Months after the EU got its first Bitcoin ETF, the U.S. joined the game, and one EU analyst speculates about the market access it could open up, along with a potential kick-off to a bull market.
Bitcoin spot ETF trading volume surpasses $1.6B within minutes of launch (3 min read)
Pinpointing exact volume is difficult at the time of launch, as trade volume is currently a moving target.
Bitcoin is now a ‘public good’ — ARK Invest president (2 min read)
ARK’s Tom Staudt believes Bitcoin has become a “public good” and should be available to all investors.
SEC bent rules for spot Bitcoin ETF approvals — Commissioner Uyeda (2 min read)
SEC Commissioner Mark Uyeda cited “strong concerns” with three aspects of the spot Bitcoin ETF approval order.