The Block
Quick Take Investment firm VanEck pledged 5% of the profits from a potential spot bitcoin ETF to support Bitcoin core developers at Brink. It has also made a $10,000 donation to Brink.
Quick Take There has been no material change in investor expectation regarding a potential spot bitcoin ETF approval in January, an analyst said. ETC Group’s Crypto Sentiment Index remains high, despite Wednesday’s bitcoin sell-off that saw the digital asset dip below $42,000.
Quick Take Marathon mined a company-record of 1,853 bitcoins in December and 12,852 bitcoins in 2023. The company also increased its average operational hash rate 18% month-over-month to 22.4 EH/s. It attributes its production growth directly to higher transaction fees on the Bitcoin network.
Quick Take The crypto lender filed for bankruptcy in the summer of 2022.
Quick Take Paul also filed a crossclaim against the co-creators of the NFT project. NFT buyers have until Feb. 8 to submit claims, while ZOO tokens are not part of the buy-back.
Quick Take Multiple sources at companies closely involved in the process explain the final steps involved in moving toward the potential approval of a spot bitcoin ETF. If the SEC approves the necessary 19b-4 forms and the S-1 forms become effective, which might not happen at the same time, trading could start as soon as the following day.
Quick Take Rep. Blaine Luetkemeyer’s leave at the end of 2024 means Rep. French Hill, R-Ark., could take on the chairmanship. Hill leads that committee’s digital assets focused panel and has worked on crypto legislation regarding stablecoins, among others.
Quick Take Payments giant Visa is launching a web3 rewards loyalty program through a partnership SmartMedia Technologies.
Quick Take Police arrested ACE founder David Pan and 13 other suspects for alleged fraud and seized assets worth at least $6.4 million in illegal gains, local media reported.
