• Midas Crypto
  • Posts
  • 🌙 BlackRock Revises Spot Bitcoin ETF Proposal

🌙 BlackRock Revises Spot Bitcoin ETF Proposal

BlackRock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Author

Mike Gavela
December 19, 2023

Crypto Roundup - Dec 19

BlackRock has updated its proposal for a spot Bitcoin ETF in anticipation of potential SEC approvals. Meanwhile, the surge in the meme coin BONK has driven the prices of Solana Saga phones to $2K. In a significant security breach, multiple Ethereum-based applications, including Zapper and SushiSwap, were compromised due to a hack targeting Ledger's Connect Kit, a widely used Web3 connector.

Top Stories:

  • BlackRock Revises Bitcoin ETF Proposal: Ahead of expected SEC approvals, BlackRock updates its spot Bitcoin ETF proposal.

  • BONK Coin Surge Impacts Solana Phones: The rise of meme coin BONK correlates with soaring prices of Solana Saga phones.

  • Massive Ledger Hack Affects DeFi Apps: A security breach in Ledger's Connect Kit leads to the compromise of various Ethereum-based decentralized applications.

TOGETHER WITH
BUMPER

Bumper launched on Arbitrum today, early trading incentives are waiting.

Introducing a new solution for crypto traders to capitalise on volatility. Open a hedged position to lock in a protected floor price with retained upside exposure or deposit stablecoin as liquidity for a juicy yield. 

Bumper delivers increased efficiency for traders looking to master volatility and maximise their returns.

Open your first position today - bumper.fi

TOP STORIES

BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Hoped-for SEC Approval

BlackRock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

www.coindesk.com/markets/2023/12/19/blackrock-revises-spot-bitcoin-etf-proposal-ahead-of-rumored-sec-approvals

BONK's Surge Send Prices of Solana Saga Phone Flying to $2K

The sealed and unopened phone boxes contain an airdrop of 30 million bonk tokens, which has seemingly revived dismal Saga sales.

www.coindesk.com/business/2023/12/18/bonks-surge-send-prices-of-solana-saga-phone-flying-to-2k

What We Know About the Massive Ledger Hack

The latest crypto exploit, affecting security firm Ledger and a number of popular DeFi protocols, is a moment of levity for some.

www.coindesk.com/consensus-magazine/2023/12/14/what-we-know-about-the-massive-ledger-hack

FUNDRAISES

OTHER HEADLINES

BlackRock clears latest SEC hurdle for Bitcoin ETF: ‘Debate over’

After holding out against the SEC, BlackRock has agreed to offer cash redemptions on its potential Bitcoin ETF.

www.dlnews.com/articles/snapshot/blackrock-clears-latest-sec-hurdle-for-bitcoin-etf

Ordinals are driving up Bitcoin fees — but that may be good for the network

Ordinals are driving up block congestion with arbitrary data, but it’s not Bitcoin’s first rodeo with network congestion.

blockworks.co/news/ordinals-impact-on-bitcoin-network

S&P’s Stablecoin Report Is a Vote of Confidence for Crypto

But does crypto care?

www.coindesk.com/consensus-magazine/2023/12/19/sps-stablecoin-report-is-a-vote-of-confidence-for-crypto

You’re getting points for Christmas

More projects are incentivising users with points, while inscriptions are breaking blockchains in this week's issue of The Decentralised.

www.dlnews.com/articles/defi/decentralised-you-are-getting-points-for-christmas

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 85,000 investors and crypto degenerates who read Midas Crypto daily!