Bitcoin Rises Past $45K Ahead of ETF Decision
Early Mickey Mouse Being In Public Domain Inspires Memecoin, ATMs Decline 11%
Welcome to Coinfeeds Daily Digest! Today we cover significant price movements as Bitcoin hits $45K amid ETF approval anticipation, and other coins like Ethereum are also surging. In legal news, early Mickey Mouse "Steamboat Willie" is now in the public domain, which quickly inspired someone to create a meme coin MICKEY; Legal expert Alan R. Rosenberg said the FTX bankruptcy case would drag along for years, longer than Celsius or BlockFi. Over 2023, the number of installed Bitcoin ATMs has shrunk 11.1% globally, breaking a ten-year growth trend, and with 489 crypto ATM operators across 71 countries. Moreover, Arbitrum One's total value locked (TVL) has just hit $10 billion, setting a record high.
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Bitcoin Breaks $45K Amid ETF Buzz
Bitcoin, the largest digital currency by market capitalization, has seen a significant price surge, breaking above the $45,000 mark for the first time in nearly two years. This bullish trend comes amid growing anticipation of a potential approval for a spot Bitcoin ETF by the SEC. | Read More
Global Bitcoin ATMs Decline by 11.1%
For the first time in ten years, the global network of Bitcoin ATMs has seen a significant decrease. As of January 1, 2024, there has been an 11.1% reduction in the number of Bitcoin ATMs installed worldwide compared to the previous year. This decline has brought the total down from 37,827 to 33,628 machines. | Read More
FTX Bankruptcy Battle Could Last Years, Expert Says
The company's bankruptcy is mired in complexity due to the vast number of clawback claims. These claims are efforts by FTX lawyers to retrieve funds that were improperly or hastily spent in the period leading up to the exchange's collapse. The goal is to recover as much money as possible to pay back creditors and those affected by the bankruptcy. | Read More
Mickey Mouse Enters Public Domain, Memecoins Already Here
In an interesting twist, the newfound public status of early Mickey Mouse has inspired the creation of a meme coin called MICKEY. This cryptocurrency token, which exists on the Ethereum blockchain, is a direct nod to the 1928 version of the character. | Read More
Arbitrum One's TVL Hits $10B, Breaking Records
Arbitrum One, an Ethereum Layer 2 scaling solution, has achieved a significant milestone by reaching a TVL of $10 billion. This record high represents a substantial 10.50% increase in the past week alone. With this surge, Arbitrum One now constitutes nearly half of the entire Ethereum L2 network's TVL, which stands at $20.82 billion. | Read More