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In today’s issue, Bryan Courchesne from DAIM explains how bitcoin can be included in U.S. Individual Retirement Accounts, what to watch out for, and the importance of working with a financial advisor.Then, Eric Tomaszewski from Verde Capital Management shares tips on preparing for tax season in Ask and Expert.– Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.Bitcoin Could Be On The Verge Of A Major Breakout: Is Your IRA Ready For The Opportunity?Top researchers and very large investors are putting price targets on bitcoin that project it is potentially on the brink of a significant bull run. Tom Lee says bitcoin will be $250,000 this...

With U.S. President-elect Donald Trump only four days away from inauguration and new leadership coming to the Securities and Exchange Commission (SEC), additional cryptocurrencies may soon join bitcoin (BTC) and ether (ETH) and receive their own spot exchange-traded funds (ETFs).Of these, litecoin (LTC) is likely to be the first to receive the nod, according to Eric Balchunas and James Seyffart, two ETF analysts at Bloomberg Intelligence.“Canary Funds just filed an amended S-1 for their litecoin ETF filing. No guarantees — but this might be indicative of SEC engagement on the filing,” Seyffart posted on X.“We had heard chatter that the litecoin S-1 had gotten comments back from the SEC,” Balchunas wrote, adding that the amended filing “bodes well for our...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3878.91, up 3.6% (+133.71) since 4 p.m. ET on Wednesday.Thirteen of 20 assets are trading higher.Leaders: HBAR (+17.0%) and LTC (+13.0%).Laggards: ETH (-3.4%) and UNI (-1.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Crypto exchange Upbit may face possible sanctions in South Korea for not complying with the country's money laundering and know your customer (KYC) obligations, according to a report from local news site Maeil.Upbit which is one of South Korea's largest exchanges was reportedly notified by the Financial Information Analysis Institute (FIU) under the Financial Services Commission last week of the sanctions. If the decision is confirmed Upbit could be prevented from new customer related business for up to six months. The decision would “essentially restrict new customers from transferring virtual assets outside the exchange for a certain period of time,” Upbit told Maeil. CoinDesk reached out to Upbit and Financial Services Commission for comment. The exchange will submit an opinion...

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market has had a bullish 24 hours, thanks to Wednesday's soft U.S. core inflation print that alleviated hawkish Fed concerns. The momentum, however, has slowed.With the inflation data out of the way, crypto traders are refocusing on President-elect Donald Trump's swearing-in on Jan. 20 and possible pro-crypto action on the first day. Some expect bitcoin to set new highs by then, while others are penciling in at least 10% price swings in XRP, SOL, ETH and BTC.On Polymarket, the probability of the U.S. holding BTC as a part of a strategic reserve has increased to 50% for the first time.Bitwise, a San Francisco-based crypto asset management company, said on X...