Spot Bitcoin ETF Approval Looming, Shiba Inu’s ‘.shib’ Domain, and Immutable’s Passport Revolution

Written by BTSE

December 20, 2023

Spot Bitcoin ETF Approval Looming, Shiba Inu's '.shib' Domain, and Immutable's Passport Revolution

Last night, Bitcoin (BTC) experienced a significant fluctuation, initially peaking at $43,497, marking its highest point in ten days. However, this surge was short-lived as selling pressures triggered a volatile decline, bottoming out at $41,811 as the sun rose in Asia. At the time of writing, it had made a modest recovery to $42,432, reflecting a 1.34% decrease over 24 hours. Similarly, Ethereum (ETH) mirrored Bitcoin’s pattern, but with a sharper fall, dropping to $2,135 and then slightly recovering to $2,180, down 2.22% in the same period.


What to Watch Out for Today


1. Spot Bitcoin ETF Approval Looming: Mike Novogratz, founder and CEO of Galaxy Digital, predicts a potential approval of a spot Bitcoin ETF by the SEC. This stems from a pressing deadline linked to a Grayscale lawsuit, but also involves applications from other firms like Ark Invest. Why does it matter? Approval could fuel further market enthusiasm and offer fresh investment avenues. If you’re into crypto trading, this could be a significant event. Stay tuned for the SEC’s decision – it could reshape the crypto ETF landscape. Long BTC?


2. ‘.shib’ Domain on the Rise: Shiba Inu is teaming up with D3 to apply for the ‘.shib’ top-level domain (TLD) through ICANN. This move aims to merge traditional Internet and Web3 ecosystems, enhancing the digital identity of the SHIB ecosystem. Over 5 billion internet users could potentially gain direct access to SHIB’s offerings. For SHIB enthusiasts and Web3 explorers, this spells an exciting evolution in digital identity and domain investment opportunities. If you’re keen on the intersection of crypto and online identity, watch this space. Long SHIB?


3. Immutable’s Game-Changer in Wallet Infrastructure: Immutable has unveiled Passport, a wallet infrastructure easing user access to blockchain applications through familiar logins like Google and Apple. What’s the big deal? This could significantly simplify blockchain interactions, potentially boosting user adoption and making blockchain tech more mainstream. What’s your move? If you’re a blockchain app developer or a user looking for easier access, this could be a game-changer. Keep an eye on how Passport transforms user interaction with blockchain technology. Long user-friendliness in blockchain?


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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.

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