);)
The price of Bit (BTC) reached an all-time high of $93,970 on the 19th, thanks to the successful listing of a Bit spot exchange-traded fund (ETF) option on the Nasdaq. The Bit spot ETF 'IBIT' option product of BlackRock was first listed on the Nasdaq on the 19th in accordance with the final approval of the Options Clearing Corporation (OCC), and recorded a trading volume of about $1.9 billion on the first trading day.
2. Trump appoints 'pro-Bit figure' as Commerce Secretary
President-elect Donald Trump appointed Howard Lutnick, a 'Bit supporter', as the next Commerce Secretary on the 19th. Lutnick is the CEO of the U.S. financial services firm Cantor Fitzgerald, and has been actively encouraging the adoption of Bit and stablecoins in the U.S. financial industry.
3. Cryptoquant researcher "Bit will rise again"
Burakkesmeci, a researcher at the on-chain analysis platform Cryptoquant, pointed out a 90% possibility of a Bit rally in a report released on the 19th, based on various data surrounding Bit. He emphasized that Bit's price will show a significant rise soon, referring to the 'Bit Fuel Multiple', which represents the relationship between Bit mining revenue and market movements.
4. Stablecoin market cap hits a 2-year high
The market capitalization of stablecoins, which had soared after the election of the 47th U.S. President Donald Trump, recorded $183 billion on the 19th, setting a new 2-year high.
5. U.S. crypto community names former Binance US CEO as likely SEC chairman candidate
Amid rumors that Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), is likely to resign, the U.S. crypto community on the 19th named Brian Brooks, the former CEO of Binance US, as a likely candidate for the SEC chairman position.
6. Russia approves draft bill to tax crypto up to 15%
The Russian Ministry of Finance approved a draft bill on the 19th to impose a tax of up to 15% on income from crypto transactions and mining in Russia.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
