Web3 Gamer 🎮, Elon Musk not richest 💰, Taiwanese crypto founder arrested 🔗
📌 Daily Crypto, Blockchain & Web3 Update 2024-01-05
CRYPTOCURRENCY
‘Rumor mill’ goes into overdrive for a spot Bitcoin ETF approval tomorrow (3 min read)
Several tweets on Crypto X have fueled hopes that a spot Bitcoin ETF could be approved on Friday, though some analysts don’t think it will happen so soon.
Web3 Gamer: Pixels has 120K users & $6.51 volume, game picks for 2024, Titan Hunters (5 min read)
VanEck throws out a big Web3 gaming prediction, Titan Hunters is play-to-earn not play-for-fun, and Pixels is popular but poor.
Surge in ‘buy the dip’ mentions highlights traders’ bullish crypto outlook (5 min read)
“Buy the dip” mentions on social media soared as Bitcoin’s price dropped to nearly $40,000 on Jan. 3, with price action suggesting traders took their own advice.
Elon Musk won’t be the richest person if Bitcoin goes above $1M (3 min read)
Michael Saylor’s Bitcoin investment is over $2.6 billion in profit, but BTC price needs to gain a whole lot more to challenge the world’s richest person.
Founder of Taiwanese crypto exchange arrested for fraud: Report (2 min read)
The president of Ace Exchange said none of the firm’s employees had been arrested following Taiwanese police conducting raids as part of a fraud investigation.
QUICK LINKS
SEC has been ‘backed into a corner’ on BTC ETF approval — Bloomberg analyst (3 min read)
A go-ahead from the U.S. Securities and Exchange Commission could trigger $10 billion in inflows to Bitcoin ETFs in the first year, says Bloomberg’s James Seyffart.
Logan Paul to ‘buy back’ CryptoZoo NFTs a year after promising refunds (4 min read)
The social media influencer stressed he “never made a single penny from the project” and has also filed a countersuit against the co-creators over the project's failure to launch.
Crypto VC Polychain Capital confirms its founder’s X account is hacked (2 min read)
Polychain Capital is urging users to stay away from the X account of its founder, Olaf Carlson-Wee — which is posting phishing links.
ARK Invest files for Bitcoin ETF registration alongside industry peers (2 min read)
The ARK 21Shares Bitcoin ETF, an exchange-traded fund proposed by ARK Investment Management’s Cathie Wood and Swiss crypto custodian 21Shares, has filed a registration notice with the U.S. Securities and Exchange Commission.
dYdX identifies attacker, considers legal action over $9M loss (2 min read)
To avoid future coordinated attacks with similar tactics, dYdX said it had improved its v3 trading platform to enhance open-interest monitoring and alerts.