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Thailand’s SEC Plans to Allow Bitcoin ETFs on Domestic Exchanges 🇹🇭
The Securities and Exchange Commission (SEC) of Thailand has announced plans to permit the listing of bitcoin ETFs on local exchanges, providing investors with direct access. Previously, the SEC had approved investments in U.S.-based bitcoin ETFs and introduced multi-fund investment options for professional investors.
The SEC's Secretary-General, Pornanong Budsaratragoon, emphasized the importance of Thailand staying aligned with the global trend of cryptocurrency adoption. She highlighted the need to ensure investor protection while expanding diversified investment opportunities in digital assets.
Quick Overviews of 10 DeFi Projects Worth Exploring
1. $GRIFFAIN -@griffaindotcom
Think of it as "GPT" for crypto. It offers a robust framework for AI agents to manage token swaps and liquidity, though access remains limited for now.
2. $ANON - @HeyAnonai
I'm a big fan of this one! It's a DeFi assistant that excels in cross-chain functionality. Supported by @danielesesta, but currently in the demo phase.
3. $BUZZ - @askthehive_ai
An AI-driven trading terminal tailored for Solana users. People appreciate its user-friendly approach to managing trades and portfolios, but it's still expanding.
4. $NEUR - @neur_sh
Actively being developed with new features being added regularly. It supports various DApp activities on Solana and can even filter tokens based on Twitter trends.
5. $GRIFT - @orbitcryptoai
A DeFi platform designed for beginners, offering cross-chain support and AI tools, making it a great choice for those new to DeFi.
6. $SOLA - @TheSolaAI
Aiming to create the first personalized voice assistant on Solana. This ambitious project could revolutionize user interaction if successful.
7. $ALDRIN - @aldrin_labs
Developing AI-driven DeFi tools, but details are limited. It has the potential to be significant or might just be another minor player.
8. $V1 - @v1_agent_ai
An AI agent focused on automating DeFi tasks. In its early stages, it shows promise for becoming a valuable tool in the future.
9. $LEX - @lexiconinfra
DeFi infrastructure emphasizing AI. Still relatively unknown, so we'll see if it can gain wider recognition.
10. $BLORMMY - @blormmy
Created to streamline on-chain processes. Whether swapping tokens, sending crypto, or managing assets, it aims to provide a smooth and user-friendly experience.
Despite Bitcoin ETFs being the most successful ETF launch in history, and Vanguard— the second-largest asset management company after BlackRock—holding significant stakes in crypto-related firms like Coinbase and MicroStrategy, Vanguard remains strongly anti-Bitcoin.
Janel Jackson, Vanguard's Global Head of ETFs, stated, "[Bitcoin] may be classified as a commodity, but it is an immature asset with a limited history, no intrinsic economic value, no cash flow, and the potential to destabilize a portfolio."
Similarly, Vanguard steers clear of gold due to its volatility and unpredictability, viewing it as riskier compared to traditional assets like stocks and bonds. Consequently, Vanguard does not support gold trading either.
Thailand is launching a pilot program that allows foreign tourists to use cryptocurrency for payments in Phuket.
This initiative was announced by Deputy Prime Minister Pichai Chunhavajira, with the aim of making digital payments easier and faster for visitors. Additionally, it seeks to enhance the country's competitiveness in the tourism sector.
The minutes from the Federal Reserve's December meeting have been released, and the good news is that there were no surprises:
Fed officials expressed concerns about inflation and the potential impact of President-elect Donald Trump's policies on efforts to reduce inflation.
They indicated that interest rate cuts would proceed more slowly due to prevailing uncertainties.
The minutes referenced at least four times the effects that changes in immigration and trade policies could have on the U.S. economy.