“The leading cryptocurrency, Bitcoin, increased by 0.46% in the last 24 hours to $ 42,677, while Ethereum is trading at $ 2,270 with an increase of 0.35%. Despite the fluctuations in recent days, Bitcoin increased by 1.26% and Ethereum increased by 3.73% on a weekly basis.” The evaluation prepared by the CoinTR Research Department includes 24-hour cryptocurrency movements and crypto ecosystem news.
Undoubtedly the most important topic of the day was Gensler’s point that the Grayscale decision changed the SEC’s approach to Bitcoin ETFs. US Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted that they are rethinking their approach towards Bitcoin Spot ETFs following Grayscale’s court victory. Speaking to CNBC, Gensler said the SEC currently has eight to twelve spot Bitcoin ETF applications going through the process. Gensler stated that the SEC has rejected such applications in the past, but the courts have weighed in on this issue and therefore the SEC is reconsidering these decisions. In a separate interview with Bloomberg, Gensler refrained from giving clear answers about applications for spot Bitcoin products and stated that the agency’s priorities are the latest changes in the US treasury market. This increases analysts’ confidence that the SEC may soon approve a batch of Bitcoin ETF applications.
In Turkey, the most important development on the agenda of crypto and digital assets was the statement of the Minister of Treasury and Finance Mehmet Şimşek in Hürriyet. Şimşek said that a definition will be made first in the law regarding crypto assets and that changes will be made in the CMB law and continued as follows: “Crypto assets are defined as intangible assets that can express value or rights. Crypto asset service provider and crypto asset custody service are defined. Regulations are foreseen for the operation of the platforms.”
Another important news that came out yesterday evening was the security vulnerability in Ledger and the statement made by Ledger CEO Pascal Gauthier about it. Published a public letter about the vulnerability of Ledger Connect Kit. On December 14, Ledger was hacked via Ledger Connect Kit, a Javascript library used to connect websites to wallets. The company, together with its partners, fixed the security vulnerability and took the initiative to freeze the stolen funds. This vulnerability is limited to third-party DApps using Ledger Connect Kit only and is currently under investigation. Ledger promised to help aggrieved individuals recover their funds and to find criminals, track funds and cooperate with law enforcement to recover stolen assets. At the same time, SlowMist founder Yu
To briefly look at other topics of the last 24 hours, the Hong Kong government announced that it will plan to issue multiple series of digital green bonds to support green energy projects. Another headline was that the Russian Ministry of Finance suggested that cryptocurrencies, especially Bitcoin, be considered as exportable products such as natural gas. The ministry proposed that cryptocurrencies be considered a product of mining activities and treated on the same level as traditional export products. Bank of Korea Governor Lee Ju-yeol warned about Stablecoins and emphasized that discussions on central bank digital currency (CBDC) have now become more urgent and important. Lee specifically noted that unregulated stablecoins are unstable in value and questioned the ability of such assets to maintain stability in the financial system by crowding out central bank currencies.
Notable altcoins and their 24-hour increase rates:
- Bonk (BONK): 110.91% increase
- Helium (HNT): 31.09% increase
- WOO Network (WOO): 15.58% increase
- Aave (AAVE): 12.65% increase
- Oasis Network (ROSE): 10.76% increase
- ORDI: 10.14% increase
About CoinTR
CoinTR exchange, which started to provide services based in Istanbul in 2022, is prepared to become one of Turkey’s leading exchanges with its team members who are experts in their fields, formed by the combination of senior managers and product developers who have gained experience in well-known exchanges. It has recently made a confident entry into the sector by announcing its new CEO from the Central Bank of the Republic of Turkey and other advisory board members from official institutions. CoinTR, which complies with official legislation and is subject to inspection by MASAK, operates as a local stock exchange on a global scale, as well as working integrated with state banks such as VakıfBank and Ziraat Bank.
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