Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readJan 9, 2024

2nd January — 9th January

▫️ BlackRock anticipates approval for a spot Bitcoin ETF this week.

▫️ In-person businesses accepting Bitcoin nearly tripled in 2023.

▫️ An individual sent $1.2 million in Bitcoin to the Genesis wallet mined by Satoshi Nakamoto.

▫️ Japan’s e-commerce giant Mercari plans to accept Bitcoin payments.

▫️ South Korea proposes a ban on credit card payments for crypto.

▫️ Coinbase plans an acquisition to expand derivatives offerings in the EU.

▫️ Visa announces a web3 loyalty rewards partnership with SmartMedia Technologies.

▫️ Changes in the US tax code: Receipt of $10k+ in crypto for trade/business to be reported to the IRS within 15 days.

▫️ The Department of Justice drops the second trial against SBF, including charges for unlawful campaign contributions.

▫️ Logan Paul’s CryptoZoo buyback after the game was not delivered, in exchange for waiving claims.

▫️ UK users of centralized exchanges are required to complete an investor declaration.

▫️ Orbit Bridge faces an $81 million hack.

▫️ The founder of the major Taiwanese crypto exchange ACE is arrested for alleged fraud.

▫️ Exploits on Arbitrum: Gamma (liquidity management) $4.5 million, Radiant (Aave v2 fork) $4.5 million.

▫️ Ark Invest, led by Cathie Wood, sells $25 million worth of Coinbase shares.

▫️ Arbitrum Orbit chains can now use select ERC-20 tokens for transaction fees.

▫️ Starknet opens up delegated vote for moving STRK fee payment upgrade from testnet to mainnet.

▫️ Daimo bundle compression reduces the cost of ERC4337 transactions on L2.

▫️ Vitalik Buterin calls for L2 CCIP resolvers for low-cost ENS subdomains.

▫️ Devcon is scheduled to be held in Bangkok from November 12–15.

--

--