Monday January 15, 2024

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Your Weekly Update On All Things Crypto

TL;DR

MACRO NEWS

Crypto Community Celebrates As Spot Bitcoin ETF Finally Approved...



The US Securities and Exchange Commission (SEC) recently approved various rule changes concerning the introduction of Bitcoin exchange-traded funds (ETFs) in the United States.


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More Than Half Of All BTC Has Not Moved In Over Two Years...




A potential disruption in Bitcoin (BTC) supply is looming, evident via on chain data revealing that approximately 57% of all BTC has remained inactive for a minimum of two years.


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PYUSD Continues To Gain Popularity And Usage Within DeFi...


The PayPal stablecoin PYUSD is rapidly gaining traction in the DeFi sector. A newly introduced liquidity pool on the automated market maker (AMM) platform Curve, featuring PYUSD, has reached a total value locked (TVL) of $135 million.


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Ethereum Will Make Big Changes To Its Account Abstraction Standard...



The Ethereum Foundation plans to implement significant alterations to the account abstraction standard within Ethereum to minimize gas consumption, particularly for layer-2 solutions.


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Larry Fink Changes His Mind On Bitcoin Following ETF Approval...


BlackRock CEO Larry Fink has undergone a significant shift in his perspective on cryptocurrencies and, notably, Bitcoin (BTC). In a recent media tour, Fink expressed a newfound appreciation for Bitcoin, emphasizing its role as a safeguard against authoritarian regimes.


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Millions Lost As CoinsPaid Gets Hacked Once Again...



CoinsPaid, a payment processor facilitating transactions between conventional finance-oriented companies and crypto-paying customers, recently experienced a breach.


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FUNDRAISING ANNOUNCEMENTS

Crypto Fundraising January 2 - 8...


On behalf of the Web3 community, we would like to extend our warmest congratulations to the companies that announced their success in fundraising between 2nd-8th January, 2024. We are thrilled to see such tremendous support from all involved. Well done!

  

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CONTENT OF THE WEEK

Bitcoin Spot ETF Finally APPROVED! What's Next for BTC?!

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This Next Phase Takes Crypto to Tens of Trillions of Dollars - BlackRock CEO Larry Fink

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Bitcoin ETF Will See MASSIVE Inflows

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.