✔️Weekly Recap: SEC Approves Spot Bitcoin ETFs

Tegan Kline is joined by Jason Bailey, Co-Founder and CEO of ClubNFT.

ClubNFT provides solutions to help collectors analyze, monitor, and protect their NFT collections. Jason is an O.G. in the NFT space and today he shares many stories from back in the day. He was an early collector on SuperRare. He created the first NFT IRL drop at Christie's art event back in 2018. He'd been Red Pilling traditional art collectors before the term NFT was even coined.

In our conversation we get into Jason's background in both art and tech, his views on generative art, as well as a deep dive into ClubNFT and the solutions they help solve.

But first, Jason tells us why he's passionate about the NFT space.

• BlackRock CEO Larry Fink Sees Value in an Ethereum ETF Larry Fink says that the industry is taking steps towards tokenization.
• LUSD Briefly Spikes to $1.03 After Trading Below Peg Since July Liquity’s stablecoin has seen its market capitalization dwindle by half in the past six months as investors seek higher DeFi yields.
• Spot Bitcoin ETFs Drove Over $600M in One Day, Preliminary Data Show Bitwise led the way attracting the most flows out of the 11 funds that started trading.
• ‘Quantum Cats’ Ordinals Collection Pays Homage To Satoshi The collection of 3,333 images will change over time thanks to a technique called Evolving Inscriptions.
• The Year Of The Fourth Bitcoin Halving What it means and how the Bitcoin halving could affect the crypto markets.

• Bitcoin ETFs Daily Trading Volume Crosses $6B Newly approved ETFs account for over $2.2B while GBTC and BITO see over $4B of trades.
• PayPal’s Stablecoin Grows by Over 70% in 30 Days PYUSD has two pools on Curve and a proposal is underway to add it as collateral on Aave.

• SEC Approves Spot Bitcoin ETFs in Landmark Decision All 11 issuers applying to list were approved. This decision marks a significant milestone for the cryptocurrency industry, as it opens up new avenues for investors to gain exposure to the world's most popular digital currency.
• DFINITY’s Dominic Williams Says Enterprises Will Be Key for ICP's Growth “Our objective is to enable people to create absolutely any kind of backend system or any online system exclusively from smart contracts,” Williams said.

• SEC's Twitter Blunder Shows Bitcoin ETF Approval May Be a "Sell-the-News" Event BTC briefly jumped above $47,800 before dropping to around $45,600 when the SEC mistakenly posted that the spot Bitcoin ETF had been approved.
• ETHBTC Ratio Slumps to Lowest Since 2021 on Spot Bitcoin ETF Expectation The relative-strength index on the ratio dipped to oversold.
• Fox Launches Protocol for Content Verification on Polygon 89,000 pieces of content have been registered so far.
• Gensler Said SEC's Twitter is "Compromised" After Account Announced Bitcoin ETF Approval Just minutes earlier, the SEC had posted on X that the ETF had been approved.

• Spot Bitcoin ETF Expectation is at Fever Pitch With Fee War and Gensler Tweet Fee war breaks out among spot Bitcoin ETF applicants with the SEC’s final deadline expiring.
• Special Economic Zone in Honduras Recognizes Bitcoin As Unit of Account BTC will be recognized as a unit to track the market value of goods and services traded in the city.