Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for January 22 - 28, 2024

Weekly Crypto Digest for January 22 - 28, 2024

Monday, January 29, 2024

In the latest issue of Weekly Crypto Digest read more about how Dencun hardfork dates announced, SEC postponed ETH-ETF from BlackRock, the number of users of crypto assets grew by 34%, and more news.

Ethereum Foundation announced the Dencun hard fork dates

Dencun hardfork dates released by Ethereum Foundation

Ethereum Foundation representative Tim Beiko announced the deployment of the Dencun update, which includes proto-dank sharding (EIP-4844), in the Sepolia and Holesky test networks.
"Dencun will be activated on Sepolia on January 30, and on Holesky on February 7. If you have a node in one of these networks, now is the time to update it," Tim Beiko wrote.
He also said that if the update is successful, it will be deployed in the mainnet later.​

Changpeng Zhao asked to leave the US on the pledge of Binance.US shares

Former CEO of Binance cryptocurrency exchange Changpeng Zhao asked to leave for the United Arab Emirates (UAE) at the end of 2023. On December 22, his lawyers submitted a request for permission to travel.
According to court documents, the lawyers asked Judge Richard A. Jones to release their client to the UAE "to support a loved one during hospitalization and surgery" for one to four weeks.
To guarantee that CZ will return to the US, it was offered to deposit a stake in Binance.US, which Zhao owns.
Following the hearing on December 29, Judge Jones rejected CZ's request to travel to the UAE.

Nine spot Bitcoin ETFs control more than 100,000 BTC

Bitcoin ETFs hold over 109'000BTC

According to K33Research, as of January 22, 2024, spot Bitcoin ETF issuers own 109,221 BTC. This number includes ETFs from such firms as BlackRock, Fidelity, Bitwise, Ark 21Shares, Invesco, VanEck, Valkyrie, Franklin Templeton, and WisdomTree.
However, K33Research did not take into account the amount of bitcoins managed by Grayscale.
Experts noted that the IBIT fund from the BlackRock company holds the most Bitcoins — 40,213 BTC, the second place according to this indicator is taken by FBTC from Fidelity — 34,152 BTC.
On January 20, analyst Eric Balchunas published a report on spot Bitcoin ETFs. According to Ego, funds excluding GBTC raised a total of $3.95 billion in six trading days.
We previously reported that the experts of the analytical platform Arkham Intelligence determined the address of the ETF from BlackRock, Fidelity Investments, Bitwise, and Franklin Templeton.

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The SEC postponed consideration of the application for the spot Ethereum ETF from BlackRock

On January 24, 2024, the US Securities and Exchange Commission (SEC) postponed the date of deciding on the spot Ethereum-ETF from the BlackRock company. The new deadline for consideration is set for March 10, 2024.
"The commission considers it necessary to extend the deadline for deciding on the proposed rule change to carefully consider both the proposal itself and the issues involved," - the regulator said in a statement.
Bloomberg Intelligence analyst James Seyfarth commented on the SEC's decision:
"Spot Ethereum ETF Delays will continue to happen sporadically over the next few months. Next date that matters is May 23rd".

The US will sell the bitcoin seized in the Silk Road case for $117 million

Representatives of the US government announced their intention to sell part of the cryptocurrency associated with the case of the Silk Road darknet platform.
​According to available information, the US authorities plan to sell 2,934 BTC seized from drug traffickers Ryan Faras, known under the pseudonym Xanaxman, and Sean Bridges.

The number of owners of crypto assets reached 580 million by the end of 2023

The company published a report on the audience of the crypto industry and noted a significant increase in the number of owners of digital assets.
According to the available information, in 2023 the mentioned indicator grew by 34%. In 12 months, the number of users of crypto assets increased from 423 million to 580 million people worldwide, the document says.
According to the company's calculation methodology, it turns out that in 2023 the user base of Ethereum grew from 89 million to 124 million people. The indicator increased by 39%.
As for the Bitcoin community, the number of owners of the first cryptocurrency grew from 222 million to 296 million users, according to the report. In this case, the indicator demonstrated an increase of 33%.

Amazon to make Razzlekhan movie about massive Bitfinex hack

The film company Amazon MGM Studios has launched the production of the feature film Razzlekhan, which will tell the story of the hacking of the Bitfinex cryptocurrency exchange for 120,000 BTC in 2016. This is reported by Deadline.
The picture is based on a 2022 New York Times article about the spouses Ilya Lichtenstein and Heather Morgan, accused of laundering stolen funds.
Hanna Marks will be the director and screenwriter. The title of the film corresponds to the rap pseudonym Morgan.
In February 2022, US authorities detained the couple and confiscated Bitcoins worth $3.6 billion. In the same month, Morgan was released on $3 million bail. Liechtenstein remained in custody.
​In August 2023, the spouses pleaded guilty to conspiracy to launder money. Morgan faces up to 10 years in prison, Lichtenstein - up to 20 years.

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