SEC Appears Ready To Greenlight ETFs By Jan 10th

Hong Kong Opens Up To Crypto ETFs, Ethereum Core Developers Decide On Major Dencun Update Testnet Schedule

Welcome to Coinfeeds Daily Digest! Arbitrum is integrating NEAR Data Availability protocol into its ecosystem which will make the job of Ethereum rollup developers significantly easier. Ethereum itself is preparing for an important upgrade — Dencun Testnet — early in 2024 after core developers decided on the schedule. The upgrade is set to enhance the chain's features, a key target being storage capacity. SHIB burn rate has skyrocketed over 161,500% as the new Shibarium chain gains popularity alongside transaction volume. In ETF news, according to FOX Business, the SEC is signaling readiness to greenlight a spot Bitcoin ETF by January 10th, and Hong Kong announced it is ready to accept crypto ETF applications.

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SEC Signals Green Light For Bitcoin ETFs by January 10, According to FOX

The cryptocurrency landscape is poised for a significant shift as the U.S. Securities and Exchange Commission (SEC) appears ready to approve the first spot Bitcoin exchange-traded fund (ETF) by January 10, 2024. Sources connected to FOX Business have hinted at this development. | Read More

Hong Kong Says It's Ready to Accept Crypto ETF Applications

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has recently announced its readiness to accept applications for spot crypto exchange-traded funds (ETFs). This development is a clear indication of Hong Kong's intent to become a friendly jurisdiction for the burgeoning crypto industry. | Read More

Ethereum's Dencun Upgrade Set for 2024 Testnet

One of the key components of the Dencun upgrade is the implementation of "proto-danksharding." This feature is expected to significantly increase the data storage capacity of the Ethereum network. By doing so, it will also aim to reduce the fees associated with layer 2 rollups. | Read More

SHIB Burn Rate Skyrockets 161,540%

A contributing factor to the spike in SHIB's burn rate is the increased activity on the Shibarium platform. Shibarium is a layer 2 solution that facilitates transactions with SHIB tokens. As the platform's transaction volume has surpassed 160 million, a portion of the transaction fees is being used to burn SHIB tokens. | Read More

Arbitrum Adds NEAR DA for Ethereum Rollup Developers

The inclusion of NEAR DA with Arbitrum's technology is expected to streamline the networks by providing a more efficient and scalable data availability solution. This means that developers can look forward to lower data costs and reduced overhead when building their rollups. | Read More

Marathon (MARA) Buys 2 Mining Sites for $179M

Marathon's acquisition includes two sites located in Texas and Nebraska, which will collectively add 910 megawatts to the company's mining capacity. This expansion is not just about adding more hardware; it's a strategic step that will enable Marathon to double its hash rate to an impressive 50 exahashes within the next two years. | Read More