First Mover Americas: Franklin Templeton’s Bitcoin ETF Becomes the Cheapest

The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 12, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

BlackRock CEO Larry Fink Backs Ether ETF

“I see value in having an Ethereum ETF,” Fink said in an interview with CNBC on Friday.Source

Franklin Templeton’s Bitcoin ETF Now the Cheapest After 10 Basis Point Reduction

After initially revealing their fees on Monday, several providers then reduced them spying the impending battle for market share that would ensue once the funds were approved.Source

Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals

CryptoQuant data shows that miners are moving bitcoin to exchanges, likely because of a need to build more liquidity in anticipation of higher capital expenditures.Source

CoinShares Exercises Option to Buy Bitcoin ETF Provider Valkyrie to Add U.S. Arm

CoinShares said the decision is a direct result of the SEC’s approval of the listing of a spot bitcoin ETF.Source

Telcoin Restores User Balances After Exploit, Records 400% Increase in Deposits

The issue apparently resulted from a fault in the interaction between Telcoin’s digital wallet and a proxy contract that incorrectly performed certain storage functions.Source

Bitcoin ETF Debut Serves as a Lesson for Ether ETF Speculators

Several firms have filed applications for spot ether ETFs, including BlackRock.Source

South Korean Financial Regulator Says U.S. Bitcoin ETFs May Violate Local Law

Further review and consideration regarding crypto ETFs is planned, the regulator says.Source

Bitcoin’s Wall Street Debut Ends in Tears for Futures Traders, Leads to $83M Liquidations

Bitcoin ETFs clocked up some $4.6 billion in volumes on their first day, but market volatility hit futures speculators as prices whipsawed.Source

Do Kwon Tries to Delay SEC’s Terraform Trial so He Can Attend

The former CEO of Terra is being held in Montenegro after being caught in Podgorica’s airport with falsified documents.Source