Nasdaq & SEC to Discuss Spot Bitcoin ETFs Today

Nasdaq & SEC to Discuss Spot Bitcoin ETFs Today

Nasdaq and SEC discuss Bitcoin ETF approval while ENS Token value surges with Buterin's endorsement and Solana faces phishing scams

Welcome to a new edition of Datawallet Daily. Below are the significant developments shaping the digital asset landscape over the last 24 hours:

Nasdaq & SEC to Discuss Spot Bitcoin ETFs Today

Today, Nasdaq and the U.S. Securities and Exchange Commission (SEC) are scheduled to hold a pivotal discussion about the approval of a spot Bitcoin Exchange-Traded Fund (ETF). This crucial meeting, focusing on the iShares Bitcoin Trust proposed by Nasdaq last summer, is a routine part of the approval process for new financial products. While this meeting doesn't ensure the SEC's green light for the spot Bitcoin ETF, it's an essential step in the journey.

The crypto world is closely monitoring recent developments, especially as leading ETF issuers like BlackRock and Fidelity have made significant updates to their filings. Notably, BlackRock has involved major financial entities such as Jane Street Capital and JP Morgan Securities as key players in their proposals. The upcoming decision by the SEC on January 10 regarding the ARK 21Shares Bitcoin ETF is highly anticipated, as it could set a precedent for other similar applications.

This meeting is particularly notable against the backdrop of yesterday's report from MatrixPort, which stirred apprehensions of a potential ETF rejection. Such fluctuations in the news underscore the crucial need for stakeholders to stay informed about daily market shifts, as various market participants attempt to influence perceptions to strengthen their own market positions.

ENS Token Soars 50% After Vitalik Buterin’s Endorsement

The Ethereum Name Service (ENS) token saw a significant 50% surge in value, reaching its highest level since April, following Ethereum co-founder Vitalik Buterin’s endorsement. Buterin highlighted ENS’s crucial role and urged layer-2 blockchains to adopt trustless, merkle-proof-based CCIP resolvers. This would enable the direct handling of ENS subdomains on L2s, enhancing user experience in DeFi. 

ENS allows users to purchase blockchain-based domain names, simplifying fund transfers by replacing complex wallet addresses. With 2.1 million registered domains and 800,000 users, ENS’s integration into DeFi platforms has boosted its token’s value and trading volume significantly.

Over 6K Members in Largest Solana Drainer Community

The Solana network is experiencing a rise in wallet drainer activities due to its increasing SOL prices, making it a target for phishing scams. Chainalysis reports a significant online community focused on Solana drainers, with over 6,000 members. These drainer kits, often sold on the dark web and hacker chat groups for as low as $250 a month, are predominantly linked to Russian developers. They function by tricking users into revealing wallet details on counterfeit websites. The exact amount stolen through these schemes is unclear. 

Security firms like CertiK and Blockaid highlight the sophistication of these scams, emphasizing the need for tools like Wallet Guard to protect users.

Binance May Delist Privacy Coins Monero, Zcash, Horizen

Binance has added a “monitoring tag” to several cryptocurrencies, including privacy coins Monero (XMR), Zcash (ZEC), Horizen (ZEN), and Firo (FIRO), signaling that they are at risk of being delisted due to higher volatility and risks. This tag means these tokens are under regular review based on criteria such as trading volume, network stability, and contribution to the crypto ecosystem. 

Users wanting to trade these tokens must pass a quiz to acknowledge the risks involved. Binance’s move comes amid regulatory scrutiny over privacy coins, which enable anonymous transactions and have been linked to illicit activities. The exchange has faced challenges listing these coins in various regions due to local regulations.

Other breaking news

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