Asia Eyes Bitcoin ETFs
$674M Recovered In Stolen Crypto In '23, Solana Thrives Amid JUP & UNISOL & WEN Launches, Inverse Cramer ETF Shut Down
Welcome to Coinfeeds Daily Digest! Today we cover the Solana ecosystem experiencing a significant user boom as Jupiter prepares to launch and drop JUP, Unibot introduces the UNIBOT token, and to-be-17%-burned memecoin WEN's airdrop awaits. We also cover discoveries in security and privacy, where PeckShield reports that $674 million in stolen crypto was recovered last year, and the crypto community reports a new phishing email scam impersonating Patreon. Inverse Cramer ETF is shutting down after attracting only $2.4 million in assets and having a -15% return. Australia and Hong Kong are working towards the approval of their own spot Bitcoin ETFs. In addition, Sotheby's has auctioned off a poem as a Bitcoin Ordinals NFT for 0.28 BTC, and an OKX Ventures-backed layer 2 bridge Orbiter Finance is introducing its own L2 chain.
Market Update
News
Asia Poised for Bitcoin ETF Approvals
Experts are looking at Australia as a potential frontrunner in the region for approving bitcoin ETFs. Hong Kong, Singapore, and the United Arab Emirates are also keen on establishing themselves as cryptocurrency hubs. Hong Kong, in particular, has been a strong contender for following in the footsteps of the U.S. with regulatory approvals. | Read More
$674M In Stolen Crypto Recovered in 2023
2023 has seen a decrease in the amount of money lost to scams and an increase in the recovery of stolen funds. According to blockchain security firm PeckShield, the total losses due to crypto-related criminal activities dropped by 27.78% compared to the previous year, amounting to $2.61 billion. | Read More
Sotheby's Auctions Poem as Bitcoin Ordinals NFT
Sotheby's has successfully auctioned off an individual poem as a Bitcoin Ordinals NFT. The sale of "Cord" is noteworthy for several reasons. Firstly, it is the first time Sotheby's, a prestigious auction house, has sold a poem as an individual piece, separate from manuscripts or books. | Read More
Users Report New 'Patreon' Crypto Phishing Scam
The Patreon-impersonating fraudulent emails are designed to trick users into revealing sensitive information or investing in non-existent crypto projects. The scam has raised concerns among users and prompted responses from both Patreon and the wider crypto community. | Read More
Inverse Cramer ETF Shuts Down
SJIM only managed to attract $2.4 million in assets and experienced a negative 15% return, leading to its closure. The concept of betting against a TV personality's stock picks might have been too niche or speculative for many investors. | Read More
Jupiter's Trading Surge Pre-Token Launch
Solana-based trading aggregator Jupiter has made headlines by outperforming Uniswap v3 in terms of trading volume. The platform has recently seen a remarkable surge, settling over $500 million in trades within 24 hours. | Read More