Tesla (TSLA.O) stock price broke through the peak of $414.49 in November 2021, setting a new historical high, up about 3.4% on the day. (Jinshi)

According to Cointelegraph, United States regulators are currently inviting public comments on NYSE Arca's proposal to list a Bitwise exchange-traded fund (ETF) that includes both Bitcoin (BTC) and Ether (ETH). This development follows a filing made on December 10. Bitwise and NYSE initially submitted their application to the Securities and Exchange Commission (SEC) on November 26. The SEC is now moving the application forward by requesting industry feedback. The proposed Bitwise Bitcoin and Ethereum ETF is a spot cryptocurrency index fund designed to provide investors with balanced exposure to the two largest crypto assets globally in a user-friendly format, as stated by the asset manager in a November 26 post on the X platform. Industry experts suggest that crypto index ETFs are becoming a significant focus for issuers, following the listing of funds holding BTC and ETH earlier this year. Katalin Tischhauser, head of investment research at crypto bank Sygnum, noted in August that index ETFs are a logical progression, offering efficiency for investors similar to how the S&P 500 is purchased through ETFs. On November 27, NYSE filed to list another Bitwise index ETF, the Bitwise 10 Crypto Index Fund, which aims to include a broader range of crypto assets. Additionally, NYSE Arca has sought SEC approval to list the Grayscale Digital Large Cap Fund, a proposed index ETF, as per an October 29 filing. Other asset managers, such as Hashdex and Franklin Templeton, are also entering the competitive landscape with their proposed crypto index funds. In the broader context of U.S. leadership, President-elect Donald Trump has expressed intentions to transform the United States into a leading hub for cryptocurrency. He plans to appoint crypto-friendly leaders to head financial regulatory bodies when he assumes office on January 20, 2025. In November, SEC Chair Gary Gensler, known for his stringent approach to cryptocurrency regulation, announced his departure from the agency coinciding with Trump's inauguration. Gensler's tenure, beginning in 2021, was marked by a rigorous regulatory approach, resulting in over 100 actions against companies in the crypto industry. With Trump's upcoming leadership, there is a renewed push from issuers to list various proposed crypto funds, including index ETFs and those offering staking options.

According to Odaily, CryptoQuant analyst Mignolet has observed a lackluster performance in Coinbase's BTC spot market. Despite the recent price surge of Bitcoin during September and October, the dominance of Coinbase's BTC spot market has actually declined. Even now, there has been no significant increase in its market presence.

According to CryptoQuant analyst mignolet, “Based on current market data, Coinbase’s BTC spot market performance is sluggish. Before BTC prices experienced a rise in September-October, Coinbase’s BTC spot market dominance actually declined, and even now There is no significant increase.”

The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF. source: https://cointelegraph.com/news/nyse-files-bitwise-bitcoin-ethereum-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/BTC_Archive/status/1866883872828621286

Coincheck, the second-largest crypto exchange in Japan, is set to debut on NASDAQ this Wednesday after merging with Thunder Bridge Capital. The post Coincheck Set to Go Public on NASDAQ Following Merger with Thunder Bridge Capital appeared first on Cryptodnes. source: https://cryptodnes.bg/en/coincheck-set-to-go-public-on-nasdaq-following-merger-with-thunder-bridge-capital/

This year, a handful of crypto executives revolutionized how corporations spend on elections. The effects of their triumph could extend well beyond crypto. source: https://decrypt.co/295639/2024-story-of-the-year-crypto-money-politics

According to Finbold, Solana (SOL) is showing signs of a potential significant rally, with technical indicators suggesting a possible 1,600% increase in value. The decentralized finance (DeFi) asset is currently forming a 'cup and handle' pattern, a bullish setup that often precedes price breakouts. This pattern, highlighted by cryptocurrency analyst Ali Martinez, indicates a period of accumulation and consolidation, with the base forming between late 2022 and early 2024. The handle, a shorter-term pullback, aligns with Solana's recent price movements around the $250 resistance level. Martinez suggests that if Solana breaks out from this pattern, it could target a record high of around $4,000, supported by the 1.618 Fibonacci extension pointing to $2,236 and the 1.786 extension aligning with the $4,000 target. Solana's current position above the 0.786 retracement level of $123.44 further supports its bullish momentum. However, no specific timeline has been provided for when these targets might be achieved. Achieving a $4,000 price would significantly elevate Solana's market cap, potentially placing it on par with Bitcoin if the latter experiences minimal growth. In the short term, Solana has faced bearish sentiments, but recent developments suggest a potential reversal. Trading analyst CryptoBusy noted a double-bottom pattern in the one-hour timeframe, indicating a possible bullish breakout. If this momentum continues, Solana could target the 0.5 Fibonacci level at $225 and the 0.618 level at $230, with a potential price increase of $10 (4.56%) from the breakout point. On-chain metrics also support this outlook, with data from DeFiLlama showing a surge in Solana's daily trading volume from $2.92 billion to $5.99 billion, reflecting growing liquidity and investor interest. Regulatory developments could also impact Solana's price. The Securities and Exchange Commission (SEC) is anticipated to approve a Solana exchange-traded fund (ETF), although outgoing SEC Chair Gary Gensler has reportedly rejected it, questioning Solana's status as a security. The Solana community remains hopeful for approval under a potential new administration. At the time of reporting, Solana was trading at $225.60, with daily gains of over 5%, although it is down nearly 3% on the weekly chart. Solana's trading above the 50-day and 200-day simple moving averages, along with a 14-day relative strength index of 45.25, suggests room for growth without entering overbought conditions, indicating a strong potential for an impressive 2024.

Citibank said in its latest report that stablecoins not only have the potential to consolidate the dominance of the US dollar, but also challenge the claim that Bitcoin will one day end the dollar's hegemony. Analysts said in the report: "Initially, cryptocurrencies such as Bitcoin were considered competitors to central bank-issued currencies. In fact, some believed - and still believe - that Bitcoin could end the hegemony of the US dollar. However, USDT is challenging this statement." Citi pointed out that the vast majority of stablecoins are pegged to the US dollar, and the issuers hold both US dollars and US Treasuries. Analysts also said that if the US government further legalizes stablecoins, this could enhance the dominance of the US dollar. "Increased regulatory transparency may also further enhance the attractiveness of stablecoins. If so, the demand for US Treasuries by stablecoin issuers may increase from the current 1%. Therefore, this cryptocurrency will not replace the US dollar, but will make the US dollar more acceptable to the world and consolidate the US dollar's long-standing global dominance." (TheBlock)

As an emerging technological trend, decentralized AI is gradually demonstrating its advantages in data privacy, security, and cost-effectiveness.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

VBE (Voting Bloc Entropy) is an innovative indicator that quantitatively evaluates the degree of centralization of DAOs and reveals governance risks through clustering and entropy calculations.

Stablecoins are a vital component in the crypto space, and their stability and decentralization have become key competitive points.

Tracking Nvidia's holdings in concept stocks has important reference value. Investors can continue to pay attention to Nvidia's increase in holdings in related concept stocks, the progress of AI commercialization, revenue growth and gross profit margin changes, new product/service releases, changes in the industry's competitive landscape, etc.

Optimism once again teamed up with Uniswap to launch the ERC-7802 cross-chain asset standard, bringing new prospects for improving the efficiency of cross-chain transactions.

Xan’s support and development of the Bitcoin ecosystem lags behind many other exchanges, so this incident has limited impact on Inscription.

However, with the rapid development of AI technology, the threshold for generating false content has been greatly lowered, which further brings more potential risks.

Instead of having separate pools for each stablecoin, Perena will create one large stablecoin pool to make trading between them easier and cheaper.

This article will give you a quick introduction to ZK, verifiability, and privacy projects on Solana.