Key Takeaways
- Bitcoin climbed to a 20-month high of $40,100 after confidence increased in a bitcoin ETF approval by Jan. 10, 2024.
- The cause of this increased confidence was the SEC submitting certain filings last week that effectively enables it to make a decision on all ETF applicants at once in early January.
- Michael Saylor’s MicroStrategy bought an additional 16,130 BTC for $593M in November, bringing its holdings to 174,540 BTC. It may soon raise $750M to buy more BTC.
- Airdrop season is heating up in the Solana ecosystem. Last week, Jito announced its JTO token and Jupiter shared its website for checking eligibility for its upcoming JUP airdrop.
Important upcoming macro dates:
- Dec. 12: U.S. Consumer Price Index (CPI)
- Dec. 13: Federal Reserve’s decision on interest rates
Next FOMC meeting and rate probability as per CME FedWatch Tool:
- In 40 days, there is a 99.9% confidence rate that interest rates will NOT change from 5.25–5.50%
Truflation snapshot:
- Today’s U.S. Truflation: 3.06.%
- Latest annual CPI data: 3.2%
Relevant links mentioned in the podcast:
- 00:00 Introduction
- 03:20 Institutional
- 06:45 SEC
- 10:30 ETF
- 14:50 MicroStrategy
- 18:40 Uniswap
- 22:15 ICOs
- 26:00 Solana
- 30:25 Gaming
- 34:40 Regulation
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