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GBTC's negative premium rate narrowed to 5.59% | Cryptocurrency Trends

Tommy, Bitget Research
2024/01/08
GBTC's negative premium rate narrowed to 5.59% | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Coinbase is planning to acquire a company that holds a MiFID II license to able to offer crypto derivatives in the European Union.
  • Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)
Bitget: Elastos (ELA) — January 8, 11:00 AM, Strike (STRIKE) — January 8, 11:00AM.
KuCoin: Pre- market listing of Manta Network (MANTA) — January 6, 7:00 AM.

2. Cryptocurrency Trends:

  • Azuki's official X account retweeted Weeb3 Foundation's tweet related to a potential ANIME token. The community speculates ANIME to be the token that Azuki will soon launch. Influenced by this news, the floor price of the Azuki NFT series increased.
  • Synthetix releases Andromeda version on the Base chain, introducing SNX token repurchase and burn mechanism.
  • Bitcoin Core developer Luke Dashjr's proposal to restrict inscriptions was not approved and has been closed.
  • According to Coinglass data, the Grayscale GBTC negative premium rate has narrowed to 5.59%, and the ETH trust negative premium rate is 9.96%.
  • Cathie Wood's Ark Invest reduced its holdings of Coinbase shares by $20.6 million on January 5th.
  • Grayscale announced on X that it has added AVAX and XRP to the Grayscale Digital Large Cap Fund (GDLC) for this quarter. MATIC has been removed from GDLC and CRV has been removed from Grayscale DeFi Fund DEFG.
  • According to Token Unlocks, Aptos' APT token will unlock 24.84 million tokens (approximately $225 million), representing 8.05% of the circulating supply.
  • Asset management firm VanEck pledged to donate 5% of its spot bitcoin ETF profits to support Bitcoin Core developers for at least 10 years if its Bitcoin ETF gets approved.
  • The Telegram Bot project Unibot has added support for the Arbitrum network, allowing users to exchange tokens across chains through Stargate.

3. Financing Trends:

  • CharacterX, a decentralized synthetic social network, secures a $2.8 million seed round led by INCE Capital.

4. Regulatory Trends:

No trends of note.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.