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[Weekly Crypto] 2023.12.26

1️⃣ SEC sets deadline for spot Bitcoin ETF updates on Dec. 29

The issuers that don’t meet the Dec. 29 deadline will not be part of the first wave of potential spot Bitcoin ETF approvals in early January.

2️⃣ SEC tells spot bitcoin ETF hopefuls to make final changes by year-end

U.S. SEC officials met on Thursday with representatives of at least seven companies hoping to launch exchange-traded funds (ETFs) tied to spot bitcoin early in 2024

3️⃣ Ethereum Developers Target January for First Testnet Deployment of Next Big Upgrade, 'Dencun'

Developers also penciled in the end of February as a soft target for the upgrade to hit the main Ethereum blockchain.

4️⃣ Japan's Cabinet Proposes Scrapping Corporate Tax on Unrealized Crypto Gains

Prime Minister Fumio Kishida’s government has been considering submissions on how best to encourage the industry's development, which it sees as a pillar of economic reform.

5️⃣ Why is Solana (SOL) price up this week?

The recovery in SOL price appears to be driven by Ethereum's gas fees spike and Solana's airdrops such as Bonk.

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