ETF Approval Imminent?
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- 🙏 ETF applicants race to appease SEC. Firms hoping to issue spot BTC ETFs first are getting their ducks in a row on how they will work for investors, The Block reports. Is approval imminent?
- 🥷 Binance rugging privacy coins? Binance, fresh off of its DOJ settlement, is putting privacy coins like Monero, Zcash, and Horizen on notice ahead of possible delisting.
- 🤑 TVL on L2s surpasses Alt-L1s. Ethereum's L2 ecosystem is soaking up the DeFi riches, with their cumulative total value-locked $20.7B – surpassing that of all other L1s.
📊 Cosmos Pump? Certain Cosmos tokens are pumping hard, busy at work retracing the pain of yesterday’s drop: Celestia has ripped 65% off its local bottom, Injective has gained 30%, and Osmosis is up 20%. What is contributing to the pump, and how can you capitalize on the opportunity?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $1.69T | ↗ 2.9% | ↗ 1.2% |
|
BTC $44,599 | ↗ 4.0% | ↗ 4.8% |
|
ETH $2,280 | ↗ 2.6% | ↘ 2.8% |
It's the first week of 2024, so, yeah, you're seeing an awful lot of predictions on where crypto goes this year. Of course, most of these calls end up being way off, but in the heat of a bull market, it's just too much fun to place bets, and I can't resist making my own calls.
So, here are my top five predictions for crypto in 2024! 👇👇👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
Welcome back to Bankless Takes! David and Ryan are thinking about the future of crypto with six predictions on the major investment themes for 2024.
Get the full breakdown 👇
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.