Top 10 Stories From Jan. 5

Crypto News: From regulatory changes to market shifts, here are the top 10 stories that shaped the cryptocurrency market on January 5 for a quick overview.

Coinbase Expands into the EU with MiFID License

Coinbase is set to acquire a MiFID-licensed entity in Cyprus, aiming to expand its derivatives offerings across the European Union. This move, awaiting regulatory nod, is expected to significantly boost Coinbase’s presence in the EU market in 2024.

US Job Market Data Shows Growth in Dec.

The US Labor Department’s recent report indicates a stronger-than-expected job market, with a 216,000-job increase in December. The unemployment rate remained steady at 3.7%, with significant contributions from the healthcare and government sectors.

DCG Clears Over $1 Billion in Debt

Digital Currency Group has paid off short-term loans from Genesis, its bankrupt subsidiary, totaling over $700 million. This is a major financial recovery step for the firm as it resolves $1 billion in debt.

Bitcoin ETF: Final Amendments Filed

All 11 Bitcoin ETF applicants have submitted their updated 19b-4 amendments, with S-1 filings reportedly expected by Monday. The SEC is set to vote on these applications early next week, as per Bloomberg.

FTX Sells $100M Stake at a Discount

Fintech firm Dave has bought back a $100 million note from FTX Ventures for $71 million. Dave has distanced itself from FTX amid the latter’s legal troubles.

Hashdex’s New Spot Bitcoin ETF Ad Campaign

Hashdex launched its second commercial for its Spot Bitcoin ETF, drawing historical parallels to emphasize Bitcoin’s innovative potential and signaling optimism for SEC approval.

Celsius Unstaked 30K ETH Amid Restructuring

Celsius Network has unstaked 30,000 ETH as part of its recovery plan during its ongoing bankruptcy proceedings, pivoting towards bitcoin mining.

Spain’s CBDC Pilot Project Launches

The Bank of Spain begins a six-month pilot for Central Bank Digital Currencies (CBDC), collaborating with Cecabank, Abanca, and Adhara Blockchain to test digital currency efficiency.

OpenAI ChatGPT Store Set to Launch

OpenAI is launching the ChatGPT Store next week, setting a new standard in AI technology and empowering developers with enhanced creative tools.

North Korean Hackers Steal $600M in Crypto

North Korean cybercriminals have stolen over $600 million in cryptocurrencies in 2023, with the total potentially reaching $700 million, according to TRM Labs.

Stay tuned for more crypto news highlights and updates in the rapidly evolving digital asset world.

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Shraddha’s professional journey spans over five years, during which she worked as a financial journalist, covering business, markets, and cryptocurrencies. As a reporter, she has placed particular emphasis to learn about the market interaction with emerging technologies.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.