Crypto weekly: MicroStrategy picks up a further 14,620 bitcoin for $615 million; BlackRock updates SEC filing for spot bitcoin ETF, names Jane Street and JPMorgan as authorized participants.

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

December 26, 2023

Reports emerge suggesting Mt. Gox creditors are receiving repayments.
Mt. Gox creditors on Reddit claim they’ve begun receiving payments from the exchange, nearly 10 years after it first shut down. Read more

December 27, 2023

MicroStrategy picks up a further 14,620 bitcoin for $615 million.
MicroStrategy has added to its bitcoin stash, which now amounts to 189,150 bitcoin. Read more

December 29, 2023

Fidelity joins race to file updated spot bitcoin ETF forms with SEC, sets fund’s sponsor fee at a low 0.39%.
Fidelity said Friday that its proposed spot bitcoin ETF would have a sponsor fee of just 0.39%, potentially setting off a race for the cheapest fund. Read more

December 29, 2023

Former Binance CEO Changpeng Zhao is blocked again from traveling.
In a sealed order on Friday, the U.S. District Court for the Western District of Washington in Seattle denied Zhao’s “request for permission to travel.” Read more

December 29, 2023

BlackRock updates SEC filing for spot bitcoin ETF, names Jane Street and JPMorgan as authorized participants.
BlackRock updated its filing with the Securities and Exchange Commission on Friday for its proposed spot bitcoin ETF in what could be a final push from the asset manager toward gaining approval from the regulator. Read more


What’s coming up for us this week:

January 03, 2024

U.S. Federal Open Market Committee (FOMC) Meeting Minutes.
The minutes of regularly scheduled meetings will be released on January 3, 2024, at 07:00 P.M. UTC. Read more


As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.


Best regards,
FYBIT team

 

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