Crypto Morning News: U.S. SEC Chair to Depart on January 20; Cboe Submits 4 Solana Spot ETF Listing Applications to SEC
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Crypto Morning News: U.S. SEC Chair to Depart on January 20; Cboe Submits 4 Solana Spot ETF Listing Applications to SEC
As Bitcoin continues its record-breaking rally, the total assets in U.S. exchange-traded funds that directly invest in Bitcoin have surpassed $100 billion.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Cboe Submits Applications to U.S. SEC for 4 Solana Spot ETFs
On November 22, Bloomberg senior ETF analyst James Seyffart announced on X that "Cboe has just submitted applications to the U.S. SEC for four Solana spot ETFs, issued by VanEck, 21Shares, Canary Capital, and Bitwise. If the SEC does not reject these filings, the final decision deadline will be around early August next year."
U.S. SEC Chair Gary Gensler to Step Down on January 20
On November 22, official sources reported that U.S. SEC Chair Gary Gensler will step down on January 20.
The official announcement noted that during the last full fiscal year, despite the cryptocurrency market accounting for less than 1% of the U.S. capital markets, 18% of tips, complaints, and referrals received by the Securities and Exchange Commission were related to crypto. Courts have consistently supported the Commission’s investor protection actions and rejected all arguments claiming the SEC cannot enforce securities laws regardless of how securities are issued.
Circle: Native USDC and Cross-Chain Transfer Protocol (CCTP) Coming to Aptos Network
According to an official announcement, native USDC and the Cross-Chain Transfer Protocol (CCTP) will launch on the Aptos network.
CCTP enables secure transfers of USDC between Aptos and supported blockchains through a native burn-and-mint process.
Bridging providers will collaborate with ecosystem applications to offer a smooth transition from bridged USDC to native USDC over time.
Prominent Short-Seller Citron: Has Shorted MSTR as Hedge While Remaining Bullish on Bitcoin
Citron Research, a well-known short-selling firm, announced on social media that as Bitcoin investing becomes easier than ever—now accessible via ETFs, COIN, and HOOD—MSTR's trading volume has completely decoupled from BTC fundamentals. "While Citron remains bullish on Bitcoin, we’ve hedged our position by opening a short on MSTR," they stated.
Sui: Network Outage Caused by Faulty Upgrade Code, Fixed Within 2.5 Hours
Sui announced on X: "Between 1:15 AM and 3:45 AM Pacific Time on November 21, 2024, the Sui mainnet experienced an outage. All validators entered a crash loop, rendering transactions unprocessable. This was Sui’s first network failure, caused by a bug in congestion control code introduced during a recent upgrade aimed at improving shared object utilization. Contributors quickly deployed a fix, restoring normal network operations within 2.5 hours."
CHILLGUY Creator: Will Issue Takedowns for Unauthorized Commercial Use, Especially Shitcoins
Phillip Banks, creator of the CHILLGUY character, announced on X that he has officially secured legal copyright for the image and will issue takedown notices in the coming days for unauthorized commercial use. "Chill guy is now copyrighted. I’ll be issuing takedown notices for monetized content shortly. I don’t like brand accounts using him to set trends—it’s something I care little about, especially unauthorized merchandise and shitcoins."
Anoncast Developer Slokh: Posting Threshold Reduced by 50% to 15,000 ANON
Slokh, developer of the anonymous social platform Anoncast, announced on Warpcast that the posting threshold has been reduced by 50%, from 30,000 ANON to 15,000 ANON. Previously, the vitalik.eth address purchased 30,303 ANON tokens, followed by Jesse Pollak, head of the Base ecosystem, who bought 31,529 ANON.
ANON is an anonymous social token leveraging ZK-proof technology, created through interactions between an anonymous user’s Superanon account and the AI Agent @clanker within the Farcaster ecosystem. Users must hold a certain amount of ANON tokens to access features such as anonymous posting and social promotion.
Assets in U.S. Bitcoin Spot ETFs Surpass $100 Billion
As Bitcoin continues its record-breaking rally, total assets in U.S.-listed exchange-traded funds directly invested in Bitcoin have surpassed $100 billion.
Trump Media & Technology Group May Be Exploring Crypto Payment Services
Market reports suggest that Trump Media & Technology Group may be considering launching cryptocurrency payment services.
Market Data
Suggested Reading
Revisiting Stacks: After Nakamoto Upgrade, Could BTC DeFi Be Next?
This article summarizes the significant impact of the Nakamoto upgrade on Stacks and explores growth opportunities for sBTC. The upgrade provides critical technical foundations for sBTC by enhancing interoperability and security mechanisms. As a decentralized two-way peg protocol, sBTC allows Bitcoin to operate via smart contracts on the Stacks network. The article also introduces key DeFi protocols within the Stacks ecosystem and offers insights into the future prospects of the Bitcoin ecosystem.
Success and Struggle with Users: Should We Still Grow on Telegram?
This article analyzes Telegram’s current development and commercial potential. It notes Telegram’s massive user base but highlights issues with user quality and imprecise ad targeting, which often lead to poor growth outcomes for projects. It then discusses the evolution of Telegram Wallet and Telegram Mini Apps, suggesting these new features could help Telegram better understand user needs and improve advertising effectiveness. Finally, it mentions OpenAD, a decentralized ad platform that could enable more precise ad targeting and better growth on Telegram.
A TikTok Meme Worth $600 Million in Crypto? Tracing Chillguy’s Meteoric Rise
This article traces how the TikTok meme sensation "ChillGuy" rapidly gained popularity within the crypto community.
How to Quickly Launch a Token on Farcaster Using an AI Bot?
Clanker is an AI-powered "Token Bot" that helps users deploy tokens quickly on Farcaster. Its main advantage is dramatically increasing token issuance accessibility, enabling even non-technical users to participate easily. Several tokens created via Clanker have already reached million-dollar market caps, though most fail to stand out. Clanker is worth trying, but immediate large-scale success should not be expected.
Exploring Global Crypto-Linked Stocks: A New Liquidity Hub Beyond the Crypto World
The future of the crypto market lies not only in the growth of digital currencies themselves, but also in their integration with traditional finance. From regulatory tailwinds to shifts in market structure, blockchain-linked stocks are positioned at the forefront of this trend, becoming focal points for global investors.
A Veteran VC Across Three Market Cycles: Anxious About This Meme Cycle?
This article examines structural changes in the cryptocurrency industry, particularly focusing on the growing significance and future outlook of meme coins in this market cycle. It argues that meme coins have become an unavoidable sector, embodying cultural movements and collective sentiment whose value lies in tokenizing and capitalizing these emotions—contrasting sharply with VC-backed tokens. The article also notes that meme coins provide wealth-building opportunities for marginalized groups, reflecting the industry’s vitality, while cautioning against their inherent bubble risks.
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