Daily Crypto NewsEDITION #889, 09 January

Everywhere there's talk about ETFs

Today, Moni Talks resumes posting digests! Missed us? 

📰 Sending news to print:

- Valkyrie expects spot BTC ETFs to launch as early as Wednesday, i.e., tomorrow, and they will start operating on Thursday, i.e., the day after tomorrow. The guys are really rocking the boat, stirring up the market quite nicely :) Remember, after the adoption of ETFs, there could be a dump due to sales by insider investors and so on.

- SEC Chairman Mr. Gensler once again throws negativity at ETFs. He talks about volatility and riskiness, and scammers... though from Gensler, words ONLY about volatility, scammers, and risk sound even positive. He's just following the party line and will probably fade into obscurity soon. So if you're new to the market - don't be afraid, let him say what he wants.

🔮 What are the projects doing?

- Starknet confirms the $STRK token as a gas payment token (fees). WE ARE WAITING =)))

- Ondo is launching a points system! As we wrote. Projects will increasingly adopt a points (score) system to reward their most active users more easily. Retrodrops will gradually transform, but not all projects will follow the points system. Likely, giants like ZkSync will distribute drops as usual. But these are just thoughts out loud.

- They say Solana has over 2500 developers. Even during the period of universal hatred, they had around 2000+. So, they keep building the project as always. Well done. Let's see how $SOL performs in the bull market. There's a feeling that it's worth looking not at the $SOL token itself, but at tokens from the Solana ecosystem. For example, (not financial advice!) $JUP from Jupiter. We're waiting for new heroes, they are always more interesting for investment.

But don't forget about $SOL itself. We keep it in our portfolio.

- In the Cosmos ecosystem, there's some new season of crypto Santa Barbara. Cosmos Hub is voting to reduce $ATOM inflation from 7% to 0%.

💸 Which projects raised money?

It's very important to follow the projects that raised a round (attracted investments). Because they might do a drop or activities to attract attention.

- Polyhedra raised money from guys like OKX Ventures. The amount is undisclosed. Generally, okay, they could just do drops and that's it, right?

- Saros project on Solana raised $3.75m from Solana Ventures, SPARTAN, and others. The project has 326 points in Moni Discover. Very interesting. Worth following. They say it will launch in Q1 2024.

These two don't look very good. But let them be:

- AI project CharacterX raised $2.8m

- Also an AI project TrendX raised $1m