On January 21st, according to Coinglass data, the total assets under management of Bitcoin ETF reached 29.16 billion US dollars.
Among them, the top three Bitcoin ETFs by assets under management are:
GBTC with assets under management of 23.537 billion US dollars;
BITO with assets under management of 2.279 billion US dollars;
IBIT with assets under management of 1.172 billion US dollars.
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Coinbase stated in its weekly briefing that ETH is expected to have a breakthrough year. Recent news about Bitcoin ETFs has had a positive impact on Ethereum, with prices reaching a high of over $2,700, the highest since May 2022.Coinbase believes that the upcoming DenCun upgrade and institutional demand for Ethereum may further drive ETH.The DenCun upgrade is reportedly aimed at improving the scalability of the main network by introducing "data blocks" to reduce network congestion and fees.
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South Korean game developer Netmarble has recently suggested that 70 employees of its subsidiary "Metaverse World," which is responsible for the metaverse-related business under Netmarble F&C, resign. According to a member of the company, "After careful consideration, we have decided to liquidate Metaverse World due to the deterioration of the relevant market." It is reported that Metaverse World has been actively developing metaverse business, developing "Grand Cross: Meta World," and signing an agreement with the operator of the Layer 1 project SUI, Mysteen Labs. Last April, it also collaborated with The Sandbox to strengthen its metaverse content.
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The stock price of Bitcoin mining company Hut8 fell 23% this week due to an unconfirmed report from short-selling company J Capital Research. Hut8 has responded to this by stating that they were aware of the release of the J Capital Research report. J Capital Research claims to be a group of biased radicals. Hut8 did not respond to other points in the J Capital report but stated that they are reviewing the article and will provide more information as needed in the future.
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Community Lightning Network Core Lightning announced it will partner with Sphinx and Stakwork to provide a bounty program for Bitcoin L2 developers.
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WEMIX has officially announced the implementation of a new KLEVA token economics starting from Klaytn block number 143750458. Now, the number of KLEVA tokens minted per block will be reduced by 10%, with 0.9 tokens minted per block. Afterward, there will be a continued monthly reduction of 10%, with the next reduction plan starting from Klaytn block number 146378458 (around February 20, 2024). WEMIX reminds users to pay attention to the changes, as the reduction in token minting will lead to a decrease in the number of KLEVA tokens allocated to the service, thereby affecting the profits of lending/collateral and leverage yield mining.
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HashKey Exchange has officially released the management rules for sub-accounts and API Keys. The number of sub-accounts and API Keys that users can apply to create will be limited by their user type and level.
It is reported that the effective date of the relevant rules is 00:00:00 on February 1, 2024 (UTC+8).
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The community inscription ALLY trading market has opened, with a daily trading volume of over 1000 ETH and a current market cap of $10 million. ALLY is the first EVM inscription that only supports casting through account abstraction protocol, and all inscriptions are carried out through the Particle Network's full-chain account abstraction protocol. The on-chain address exceeds 120,000, and the total gas consumption of inscriptions is close to $3 million.
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