Cathie Wood’s ARK Invest Offloads $25M of Coinbase Shares

Coinbase’s Nasdaq-listed stock fell 2.96% Wednesday to $152.24 as the crypto market’s rally halted.Source

Expected Fed Rate Cuts Support Bull Case in Bitcoin, But There Is a Catch

Renewed rate cuts by the Fed have historically presaged recessions and triggered rotation of money out of risk assets.Source

‘Deniers Are Crypto’s Flat Earthers’ as Markets Flash 83% Odds of Bitcoin ETF Approval

The popular Polymarket market bet “Bitcoin ETF approved by Jan 15?” has attracted almost $1 million in volume from hundreds of users.Source

What Caused Bitcoin’s 10% Crash: Matrixport? Jim Cramer? Leverage?

Bitcoin cratered almost 10% below $41,000 early Wednesday around the time Matrixport’s report about warning of a spot BTC ETF decline, but it was more likely due to a leverage flush as the market overheated, a K33 analyst said in an interview.Source

The Protocol: Is Solana’s Rebound The Real Thing?

Solana has been one of the biggest gainers of the latest crypto cycle, with a handful of airdrops and meme tokens accelerating big boosts in the price of SOL. Also, Ethereum co-founder Vitalik Buterin has released an updated roadmap for the ecosystem.Source

Goldman Sachs Eyeing Bitcoin ETF Role Via BlackRock and Grayscale: Sources

Goldman Sachs is in talks to play the key role of being an “authorized participant” for BlackRock and Grayscale’s bitcoin ETFs, if the SEC approves them, according to people familiar with the situation.Source

Stablecoins Can Help Fix the Current Lending Market

The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.Source

Bitcoin ETF Looks Very Likely Given These Bureaucratic SEC Steps

We see a 98% chance of approval in the next couple of weeks and the high likelihood of a Bitcoin rally to follow.Source

USDC Stablecoin Momentarily Depegs to $0.74 on Binance

Circle’s USDC stablecoin spiked down to as low as $0.74 on three occasions today following a marketwide sell-off spurred by a report casting doubt over whether a spot bitcoin ETF will be approved this month.Source

ENS Token Jumps 50% as Vitalik Buterin Hails It as ‘Super Important’

ENS, the governance token of the Ethereum Name Service project, surged after Ethereum cofounder Buterin posted on X that the service is “super important.”Source