FameEX Morning Crypto News Recap | January 5, 2024

As Approval Deadline Looms, SEC Faces Influx of Registrations for Spot Bitcoin ETFs

As the spot Bitcoin ETF approval deadline nears, five applicants have registered their funds with the U.S. Securities and Exchange Commission (SEC). It's important to note that while this step indicates progress, experts emphasize that there are additional prerequisites before these ETFs can be officially launched.

SEC Engages in Talks with Top Exchanges on Spot Bitcoin ETFs, Analysts Predict Imminent Approval

The U.S. SEC held talks with major exchanges about spot Bitcoin ETFs, and sources indicate that the SEC might begin notifying issuers of spot Bitcoin ETF approval on Friday, enabling potential trading next week. A Bloomberg analyst considers this a significant move toward approval, stating it's "as close to 'done' as we've been."

South Korea's Crypto Expansion: Addressing the 'Kimchi Premium' and Increasing Trade Activity

As of January 4, 2024, South Korea has seen a substantial surge in cryptocurrency trading volume, with two exchanges contributing more than 10% to the global trading volume. Notably, the price of Bitcoin in South Korea commands a premium, trading at approximately $44,317 per coin, compared to the global average of around $43,356 per unit.

Grayscale and VanEck Officially Register for Spot Bitcoin ETF Shares on Exchanges

On January 4, the VanEck Bitcoin Trust and Grayscale Bitcoin Trust filed with the SEC to register their shares as securities on the Cboe BZX Exchange and New York Stock Exchange Arca, respectively. This marks a move towards establishing an ETF, following the Fidelity Wise Origin Bitcoin Fund's similar registration on January 3.

Microsoft Unveils AI Copilot Key in First Windows Keyboard Update in 30 Years

Microsoft is adding an "AI Copilot" key to Windows keyboards, marking the first addition in three decades, since the inclusion of the "Windows" key in 1994. The exact functionality of the new key is yet to be revealed, but it is anticipated that it will activate Microsoft's Copilot virtual assistant when pressed.

EU Regulators Initiate Inquiry into Banks' Cryptocurrency Exposure

The EBA, in collaboration with the ESRB and FSB, will probe the connections between legacy banks and non-bank entities like hedge funds, private equity, and crypto platforms. This initiative seeks to comprehend and mitigate financial risks within the European Union, emphasizing the evolving financial ecosystem's dynamics and its implications for stability.

South Korea Considers Banning Credit Card Payments for Cryptocurrency Transactions

South Korea is mulling over a ban on cryptocurrency purchases using credit cards. The move, aimed at regulating the digital currency sphere and curbing financial risks tied to crypto transactions, signifies the nation's careful strategy in assimilating cryptocurrencies into established financial norms. This initiative highlights the country's focus on financial security and market stability.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​