The Daily: El Salvador to limit bitcoin activities in $1.4 billion IMF deal, Ark offloads Coinbase shares amid price slump and more
2024-12-20
Category: None

Happy Thursday! In today's Daily, El Salvador agrees to limit its bitcoin-related activities in a $1.4 billion deal with the IMF, Ark Invest offloads Coinbase shares amid a 10% price slump, bitcoin's market cap reaches an all-time high against gold and more.
Meanwhile, Bitcoin miners MARA and Hut 8 continue to acquire more BTC for their reserves.
Let's get started.
El Salvador agrees to limit bitcoin activities in $1.4 billion IMF deal
El Salvador agreed to limit various bitcoin-related activities in exchange for a $1.4 billion IMF loan that aims to promote fiscal and external stability.
Ark Invest offloads Coinbase shares amid a 10% price slump
Cathie Wood-led investment firm Ark Invest sold 13,780 Coinbase shares worth $3.9 million on Wednesday as it rebalanced its Fintech Innovation fund weightings amid a sharp drop in COIN's price.
Bitcoin's market cap reaches new all-time high against gold
Bitcoin's market cap recently reached 14% of gold's, marking a new all-time high in relative valuation, according to data from Galaxy Research.
Hong Kong accelerates crypto exchange licensing with four new approvals
Hong Kong approved licenses for four more crypto exchanges on Wednesday — HKbitEX, Accumulus, DFX Labs and EX.IO — under its "swift licensing process."
The Open Platform launches TON Space self-custodial wallet
TON blockchain venture capital firm and venture builder The Open Platform (TOP) has officially launched TON Space, a self-custodial wallet that claims to have already been used by over 100 million Telegram users during its now-concluded beta phase.
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