Daily Recap 1-19

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The SEC delayed its decision on Fidelity's proposed spot Ethereum ETF until March 5th 2024. Bloomberg analyst James Seyffart anticipated this delay, predicting approval might come by late May. Link

Options data for Jan. 19 shows 22,000 BTC options nearing expiration with a Put Call Ratio of 1.1, a Maxpain point at $44,000 and a notional value of $890 million. Additionally, 211,000 ETH options are set to expire with a Put Call Ratio of 0.55, a Maxpain point at $2,500 and a notional value of $520 million. Link

Recently, 12,865 BTC ($529 million) moved from the Grayscale Trust to Coinbase Prime. Over five trading days starting January 12, during US stock market hours, the Grayscale Trust has shifted a total of 54,343 BTC ($2.313 billion) to Coinbase Prime. Link

The Federal judge presiding over the SEC's lawsuit against Binance has mandated a court examination to determine if digital assets qualify as securities. She will consider arguments from both the SEC and Binance US on the status of digital assets and staking products. Link


$NEAR - Now collaborating with Polygon CDK. Link

$DYM - Offers an in-depth look at their tokenomics. Link

$ARB - Launches the Arbitrum Orbit expansion program. Link

$SAVM - The "Satoshi" Twitter account erased all its posts, then tweeted "Hello World," coinciding with SatoshiVM's announcement to forego its launchpad plans. Instead, it introduced its token on Uniswap, aiming to leverage the current excitement. ZachXBT wrote a thread on this. Link

$CFX - Announces Testnet launch for February/March 2024. Link

Paxos - Expands to the Solana Blockchain. 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.