Daily Recap 1-10

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December saw a 27.4% month-over-month increase in spot trading volume for major exchanges with Gate up 65%, Crypto.com 50%, and Bybit 44%. Derivative trading volumes rose 22.3%. This rise was led by Crypto.com at 46%, Bitget 42% and lastly Binance at 26%. Link

- Bitcoin ETFs approved by the Securities Exchange Commission

- Phoenix Group, a UAE-based Bitcoin mining firm, has acquired mining rigs from Bitmain for $187 million. This is following a recent $136 million purchase from Bitmain's rival Whatsminer. Link

- The Indian government issued show-cause notices to Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex. They have been removed from the Apple Store. Link

- Ten Hong Kong asset managers are considering launching spot crypto ETFs, according to HashKey's COO. Link

- CBOE says spot Bitcoin ETFs will start trading tomorrow. Link

Protocol Developments:

EigenLayer - Introduces 3 new LSTs; FraxFinance Ether (sfrxETH), 0xMantle Staked Ether (mETH) and Liquidcol Staked ETH (LsETH). Link

$MNT - Mantle has 25000 mETH capacity left. Link

$SSV - Mainnet call was hosted today at 2pm UTC. Link

$STRK - The Starknet v0.13 upgrade is now live on mainnet. This upgrade cuts costs with more efficient transactions and readies the platform for STRK fee payments. $STRK is not yet usable as Gas. Link 

Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.