The Clarity Act is planned to be adopted in January, Bitwise has entered the race for the launch of a spot ETF on Sui, and MoonPay may receive funding from the owner of NYSE — these and other cryptocurrency news of the morning of December 19 in our review
The behavior of cryptocurrencies — leaders in capitalization
Bitcoin (BTC), according to data from TradingView, started Friday with an increase. As of 07:34 (MSK), the cryptocurrency is trading at $87,286 (1 bitcoin in rubles — ₽6,955,073). The minimum bitcoin price in 24 hours — $85,107, maximum — $89,412.
You can track the bitcoin rate in rubles via the link.
The second most capitalized cryptocurrency, Ethereum, also started the day with growth. At the time of writing this review, the coin is trading at $2,927 (1 token in rubles — ₽233,451).
In the top 10 most capitalized cryptocurrencies, the best result for the day is for Ethereum (+2.91%). Throughout the week, all coins have depreciated. The largest losses over 24 hours are for Solana (-1.34%), and for seven days — for Cardano (-14.19%).
In the top 100 most capitalized cryptocurrencies, the best result for the day was recorded by Bitcoin Cash (+7.73%), and for the week — by Audiera (+51.56%). Over the last 24 hours, MYX Finance has lost the most in value (-9.81%). The largest losses for the week were recorded by Pump.fun (-32.89%).
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Main cryptocurrency news of the morning of December 19
The White House and the US Senate have approached real reform of cryptocurrency market regulation. 'Crypto king' David Sachs reported that in January, the Senate may pass the Clarity Act, which has already passed the House of Representatives. It should finally establish clear rules for the industry.
The bill divides powers between regulators: the SEC will be responsible for what relates to securities, while the CFTC will handle commodity and derivative instruments. After the review in January, the document may be brought to a vote in the Senate.
Read also: The Clarity Act could launch Ethereum and Solana 'to the moon'
Bitwise has applied to the SEC for the launch of a spot ETF based on Sui (SUI). The new fund is set to track the actual market price of SUI. The custodian will be Coinbase Custody. This is the first step towards bringing the instrument to the market.
The company has joined the race to launch the SUI-ETF, where a decision on applications from Canary Capital and 21Shares is already awaited. Against the backdrop of mass approval of crypto-ETFs in the US, the fund has good chances for launch. For Sui, ETF approval could become a driver of demand growth.
Intercontinental Exchange (ICE), owner of the New York Stock Exchange, is in talks to invest in the crypto payment company MoonPay.
MoonPay plans to attract investments at a valuation of around $5 billion. The company is expanding its infrastructure for buying, selling, and using cryptocurrencies through bank cards and fiat payments.
ICE continues to immerse itself in the crypto industry. In October, the company already invested $2 billion in the Polymarket platform. Such deals demonstrate the strengthening ties between Wall Street and the crypto industry against the backdrop of growing interest in blockchain infrastructure and asset tokenization.
Recall that earlier BeInCrypto reported on why bitcoin does not respond to the influx of liquidity from the Federal Reserve.
