In the First Q of ‘24, the US SEC Sent to Me an ETF with Bee-Tee-Cee and 20 Crypto Jokes
cryptonews.comThis is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.
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This week in crypto: crypto! Bitcoin’s market cap increased by a peak of 172% in 2023, BTC struggled a bit for direction, and stablecoin dominance hit the lowest since December 2021 despite record monthly supply. Meanwhile, 73% of US voters said presidential candidates should be informed about cryptocurrency, and 99% of law enforcement globally needs more crypto-related training.
There was A LOT of ETF talk. Big money management firms expect the US SEC to greenlight spot Bitcoin ETFs by January 10, Galaxy Digital CEO Michael Novogratz predicted a significant milestone in the crypto market with the first ETF approval, Grayscale CEO Michael Sonnenshein said an ETF could usher in $30 trillion to the market, Needham argued registered investment advisors would drive BTC ETFs, Blockstream CEO Adam Back opined that ETFs could propel the BTC price to $100,000, and Michael Saylor stated that Bitcoin ETFs would not be a threat to MicroStrategy.
In court news: Montenegro court revoked the extradition approval for Do Kwon, a British Virgin Islands court froze $1.14 billion in assets belonging to the 3AC co-founders, a US appeals court finalized the seizure of 69,370 BTC from the Silk Road, a US Judge ordered Binance and CZ to pay $2.85 billion to the CFTC, and South Korea’s Supreme Court jailed a crypto fraudster who amassed $153 million for ten years.
Then there was FTX. A US District Judge denied Sam Bankman-Fried’s request for adjournment, FTX paid hundreds of millions in legal fees in a few months sparking reactions, the exchange revealed its latest proposal aimed at returning billions of dollars to
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