Bitcoin (BTC) rose by +2.8% while Ethereum (ETH) fell -4.0%,respectively, in the past seven days. Price action for other selected top-cap tokens was negative.
Selected key categories all dropped in terms of market cap change in the past seven days.
News Highlights
Investment management firms, stock exchanges, and the US Securities and Exchange Commission (SEC) on Friday last week discussed final wording changes on filings for spot Bitcoin exchange-traded funds (ETFs), a step that some observers think could lead to approval of the funds this week.
Amended 19b-4 filings connected to US spotBitcoinETF applications were filed by exchanges on behalf of BlackRock, Grayscale, Fidelity and other issuers. The filings address feedback from the SEC.
The Infrastructure Investment and Jobs Act, passed by the US Congress in November 2021, introduced a new provision into the Tax Code. Anyone receiving over US$10,000 in cryptocurrency in their trade or business must report the transaction to the Internal Revenue Service (IRS) within 15 days. This new rule took effect on January 1, 2024.
Próspera ZEDE, a special economic zone in Honduras, officially recognises Bitcoin as a unit of account. This recognition means that Bitcoin can now be used to measure the market value of goods and services within the zone.
Research Roundup Newsletter [November 2023]: We present to you our latest issue of Research Roundup, featuring trending market insights in November, charts of the month, and our exploration of new developments within the Bitcoin ecosystem.
2023 Year Review & 2024 Year Ahead: 2023 has been an eventful year for the crypto industry. In this report, we curate the top crypto events and trends of 2023, followed by our outlook for 2024.
Bitcoin Halving 2024: What to Know: In this article, learn the dynamics of Bitcoin halving — what previous events have shown, and what future ones may involve.
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Digital assets ETPs’ 2023 inflows of US$2.2B more than double 2022. Last-minute application updates for spot BTC ETFs. Reporting of crypto transactions over US$10K to the IRS effective Jan 1 2024.
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