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Quick Take Thailand’s Securities and Exchange Commission is considering allowing local bitcoin ETFs to list on local exchanges, according to Bloomberg. The regulator has previously approved a local fund-of-funds that offers institutional investors exposure to overseas bitcoin ETFs.
Quick Take The bitcoin derivatives market shows increased volatility ahead of President-elect Donald Trump’s second inauguration, with a notable rise in put options. Ethereum traders anticipate even higher volatility than bitcoin traders, as both markets reflect cautious sentiment in response to the upcoming political transition.
Quick Take Arweave packed encrypted data, stored using synthetic-DNA technology, onto a lunar lander and sent it to the moon, where it is meant to last for thousands of years.
Quick Take The U.S. Securities and Exchange Commission is likely to look very different under the incoming Trump administration. SEC Commissioners Hester Peirce and Mark Uyeda could begin refitting the agency’s views on crypto as soon as next week, Reuters reported on Wednesday, citing people briefed on the situation.
Quick Take Bitcoin briefly touched the $100,000 mark on Wednesday amid signs of cooling U.S. inflation and renewed optimism for risk assets. Analysts point to easing core CPI and expectations of a less hawkish Fed as key factors boosting market sentiment.
Quick Take The fund would prioritize investments in digital asset-focused companies such as exchanges, crypto payment platforms and mining firms, among others.
Quick Take In a brief filed late on Wednesday, the SEC said it disagreed with the U.S. District Court for the Southern District Court’s earlier ruling that said some sales of XRP to retail investors did not violate securities laws. The SEC accused Ripple of trying to boost XRP’s demand through public statements to “increase demand for XRP to increase XRP’s price.”
- 13:52This week, 35 corporate entities implementing Bitcoin treasury strategies collectively purchased 4,700 BTCAccording to a report by Jinse Finance, citing statistics from @btcNLNico, entities implementing Bitcoin treasury strategies purchased a total of 4,700 BTC this week. Among them, six new entities adopted Bitcoin treasury strategies, acquiring 491.2 BTC; in addition, ten companies announced plans to implement treasury strategies in the future, with ReserveOne holding as much as $1.05 billion in funds; furthermore, 29 companies increased their holdings by 4,209 BTC.
- 13:32Economist: Bitcoin Supply Is Not What Matters—It's the Satoshi Supply That CountsOdaily Planet Daily News: Economist and well-known Bitcoin skeptic Peter Schiff posted on X, saying: "What would happen if the supply of Bitcoin were 21 billion instead of 21 million? If each Bitcoin were redefined as 100,000 satoshis (instead of 100 million), with the total supply of satoshis remaining unchanged, would it still feel scarce? '100 million' is just an artificially set unit; the actual supply of Bitcoin doesn't really matter. What truly determines scarcity is the supply of satoshis."
- 12:54Trump: 30% Tariffs Imposed on Mexico and the European UnionOdaily Planet Daily News: U.S. President Trump announced in a letter posted on his social media platform on Saturday that, starting August 1, goods imported from Mexico will face a 30% U.S. tariff. Trump also stated that if Brazil decides to raise tariffs for any reason, the U.S. will impose an equivalent increase on top of the existing 30%, regardless of the amount Brazil chooses to raise. In another letter, Trump said that starting August 1, goods imported from the European Union will also face a 30% U.S. tariff. (Jin10)