Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for December 18 - 24, 2023

Weekly Crypto Digest for December 18 - 24, 2023

Monday, December 25, 2023

In the latest issue of Weekly Crypto Digest read more about how VanEck CEO believes BTC will reach an ATH in 2024, CFTC case against Binance is dismissed, Coinbase sues SEC, and more news..

VanEck CEO believes Bitcoin will reach an all-time high within a year

Jan van Eck believes in Bitcoin

Investment company VanEck CEO Jan van Eck said Bitcoin will set a new ATH within 12 months. According to the expert, halving and the potential approval of spot ETFs could lead to a rapid increase in the value of the asset.
The expert compared the first cryptocurrency with gold, saying that these two assets are moving in the same direction. Jan van Eck added that this factor, as well as the halving and the “potential” approval of spot ETFs, could lead to an increase in the price of Bitcoin.
According to Jan van Eck, the asset is unique and difficult to copy or surpass. According to the experts, digital gold is not a bubble.

Bitcoin mining difficulty has updated its maximum

As a result of the next recalculation, the difficulty of mining BTC increased by 7%. The indicator updated its maximum at 72.01 T.
The average hashrate for the period since the previous value change was 512.55 EH/s. The range between blocks is less than 9.5 minutes.

The reselling price of Solana smartphone Saga grew by almost 10x

Web3 Saga smartphones from Solana began selling on eBay for over $2,000 due to the hype surrounding the BONK meme token airdrop.
Some devices are even more expensive - two phones went for $5,000, and another was purchased for $3,361. Sales of Solana smartphones increased more than 10 times after traders found an arbitrage opportunity.
Saga holders receive a guaranteed distribution of 30 million BONK. Considering the recent growth of the coin, their cost completely pays for the smartphone. At the peak of the asset, users received about $900 in meme cryptocurrency for a device costing $599.
The team later had to cancel some accepted orders for Saga due to "inventory issues" with a third-party distributor. Due to growing demand, a reserve of 20,000 devices for the US and EU markets has been sold out. There is no way to quickly replenish it.

Drive organic growth for your tokens with Yellow Capital's Crypto Market Making services.

Our team of experts specializes in creating a sustainable and profitable crypto market for your tokens through our proven strategies including crypto market makingalgorithmic trading, liquidity provision, token growth, and crypto exchange listing.

Yellow's algorithmic trading infrastructure can connect to over 100 exchanges, and our constantly evolving architecture is compatible with all major Blockchain protocols.

Schedule a Call now with Yellow Capital

FTX unveils refund proposal for customers

FTX has filed an amended plan of reorganization that will value its assets at the rate at which it filed for bankruptcy on November 11, 2022.
That day, Bitcoin was trading at around $17,000. At the beginning of November 2022, the FTT token was valued at about $26, while now it is about $3.8.
The plan says that certain classes of creditors can vote on the changes. The authors believe their proposed approach “reflects many trade-offs to create the best, fairest, and most cost-effective outcome.”
One of the creditors noted that the new reorganization plan contradicts FTX's Terms of Service, which make digital assets the property of users.

The court officially dismissed the CFTC case against Binance

A US District Court has approved a settlement agreement between the Binance crypto exchange and the US Commodity Futures Trading Commission (CFTC). The statement announced the official settlement of the dispute and the conclusion of the case against the company.
As a reminder, on March 27, 2023, the CFTC filed a lawsuit against Binance and its CEO Changpeng Zhao (CZ) for violating US law.

The US court officially approved the confiscation of Silk Road crypto assets

The U.S. Circuit Court of Appeals ruled in the Silk Road case. This is the final approval of the seizure of 69,370 BTC and other cryptocurrencies associated with the darknet marketplace.
Let us remind you that the founder of the Silk Road project, Ross Ulbricht, was taken into custody on October 2, 2013. In 2015, a US court sentenced him to two life sentences plus 40 years without parole.

Coinbase sues SEC for refusing to consider petition

The Coinbase platform has asked the Third Circuit Court of Appeals to force the US Securities and Exchange Commission (SEC) to reconsider its request. This was stated by the company's general counsel, Paul Grewal.
As a reminder, the regulator rejected Coinbase’s petition for rulemaking on December 15, 2023, more than a year and a half after it was filed. Commission Chairman Gary Gensler said he fully supports the decision.
According to him, the SEC is already in constant contact with crypto market participants, while the company’s petition will limit the agency’s freedom in determining the priorities for further supervision.

customer1 png

Hi, I am Alexis Yellow

Chairman of Yellow Capital

Are you ready for a wild career transition? I went from launching rockets into outer space at the European Space Center to helping Token Issuers launch their Crypto Projects!

Yellow Capital provides advisory services, strategic investments, and prime crypto market making.

Join me on this journey as I share my experiences and expertise in the crypto world, and maybe we'll even launch a few successful projects together!

1 png


Private Rounds

- Early stage pre-listing
- Investment and Incubation

Market Making

Token Issuers

- We are Prime Market Makers for the projects we invest into.

Increase Your Cash Flow

Listed Tokens

- We buy up to $5,000,000

Exclusive For the Projects We Invest In

Get Free Market Making

Our investment strategy involves providing deep liquidity crypto market making to the projects we invest in. This approach allows us to ensure continuous and substantial liquidity in exchanges. By doing so, we aim to increase market efficiency and reduce price volatility. We help to stabilize prices and reduce the bid-ask spread, which can lower transaction costs for traders. This usually attracts more traders to the markets, by making it easier and less risky to trade your token which can help to increase the overall liquidity and trading volumes both for the benefit of traders and issuers. However, we recognize that providing liquidity also comes with potential risks, which we carefully evaluate and manage as part of our investment decision-making process.