1. Coinbase has made significant progress in its court conflict with the U.S. Securities and Exchange Commission (SEC), with the judge approving its request for a narrow appeal regarding the regulator's allegations about crypto securities trading.
2. Deutsche Bank stated that the new Fed committee in 2025 may generate more dissent, and tensions in inflation and the labor market will make policy responses ambiguous.
Deutsche Bank economist Matthew Luzzetti indicated that the four regional Fed presidents gaining voting rights on the FOMC this year may make more controversial policy decisions. Chicago Fed President Goolsbee is seen as one of the most dovish voices on the committee, while St. Louis Fed President Bullard and Kansas City Fed President George are viewed as potential hawks. Notably, Bullard and George have not previously voted on the committee. Luzzetti stated, 'The more diverse the membership, the greater the likelihood of divergence, especially if inflation remains persistently high while the labor market weakens, creating tensions in the Fed's dual mandate, making the Fed's response ambiguous.' - Original
3. U.S. early Bitcoin investor Frank Richard Ahlgren III was sentenced for tax fraud and ordered to hand over the private keys to his crypto assets.
A federal court in Austin, Texas recently ruled that early Bitcoin investor Frank Richard Ahlgren III must disclose the passwords and related storage devices for his cryptocurrency accounts to allow U.S. prosecutors to unlock digital assets worth about $124 million. Ahlgren was sentenced to two years in prison for tax fraud related to cryptocurrency sales and was ordered to pay $1 million in restitution to the government. Ahlgren is the first American convicted solely for tax crimes related to cryptocurrency sales. He admitted to underreporting capital gains when selling Bitcoin worth $3.7 million in 2017, resulting in tax losses. Ahlgren pleaded guilty on September 12 last year and was sentenced on December 12. Prosecutors stated he used part of the proceeds to purchase a property in Park City, Utah. In 2020, Ahlgren transferred at least 1,287 Bitcoins through a 'mixing' service, which are now worth over $124 million. Prosecutors pointed out that Ahlgren's assets 'cannot be seized through ordinary physical means,' thus requesting the court to order him to hand over the private keys to prevent asset transfer. Judge Robert Pitman ruled that Ahlgren cannot transfer or sell any property without court approval but can use it for 'normal monthly living expenses.' - Original
4. CFTC Chairman Rostin Behnam stated that regulation of digital assets remains insufficient, and he will resign on January 20.
CFTC Chairman Rostin Behnam stated that regulation of digital assets, including Bitcoin and other cryptocurrencies, remains insufficient and concerning. Rostin Behnam will resign as chairman of the U.S. Commodity Futures Trading Commission (CFTC) on January 20. - Original
5. WisdomTree deposited 11,733 ETH into Coinbase before the market crash.
WisdomTree deposited 11,733 ETH into Coinbase before the market crash, valued at $42.61 million. - Original
6. Circle transferred 6.4 million USDC to BlackRock's BUIDL Fund.
About 16 hours ago, stablecoin issuer Circle transferred 6.4 million USDC to BlackRock's BUIDL Fund this morning. - Original
7. The U.S. now requires the removal of medical debt from credit reports.
8. U.S. stock market closed, Nasdaq down 1.89%.
9. Ripple collaborates with Chainlink to support its stablecoin RLUSD, aiming to enhance adoption and utility in DeFi applications.
The blockchain-based payment protocol Ripple has partnered with the decentralized oracle network Chainlink to enhance the adoption and utility of its Ripple USD (RLUSD) stablecoin in decentralized finance (DeFi) applications. Chainlink will provide price information for RLUSD on Ethereum and XRP ledgers, aiming to support cost-effective transactions and DeFi use cases for enterprise-grade stablecoins. RLUSD is pegged to the U.S. dollar and will receive tamper-proof accurate data through Chainlink's decentralized nodes. The integration aims to reduce the risk of manipulation or downtime. - Original
10. The share of spot cryptocurrency trading volume on DEXs has exceeded 20%, marking a historical first.
According to a post by Cointelegraph on the X platform, the share of spot cryptocurrency trading volume on DEXs has exceeded 20%, marking a historical first. - Original
11. Yesterday, the total liquidation amount of contracts across the network was $461 million, mainly due to long positions being liquidated.
Binance-ETH current price $3,399.08, 24-hour decline of 7.31%. Among them, the total liquidation amount across the network in the last 24 hours is $461 million, mainly due to long positions being liquidated, with ETH liquidation at $98.52 million (21.36%), data for reference only. - Original
12. MicroStrategy purchased a total of 258,320 Bitcoins in 2024, with total expenditures of approximately $22.07 billion.
Michael Saylor tweeted that MicroStrategy purchased a total of 258,320 Bitcoins in 2024, with total expenditures of approximately $22.07 billion, at an average purchase price of about $85,450 per coin. The total Bitcoin holding yield for the year reached 74.3%, resulting in a net increase of 140,630 coins (about 385 coins daily). Based on the current Bitcoin price of $100,000, this created $14.06 billion in value for shareholders, equivalent to about $38.5 million daily. - Original
13. Traditional economists in the U.S. oppose allocating federal reserve funds to Bitcoin, believing it could hinder economic growth.
Traditional economists oppose allocating federal reserve funds to Bitcoin. Johns Hopkins University professor Steve Hanke stated that he believes transferring funds to Bitcoin could hinder economic growth and adversely affect the economy, as these savings are not invested in real capital assets. Steve Hanke emphasized the importance of increasing productivity for improving living standards and called the idea of Bitcoin reserves 'the dumbest idea.' - Original
14. MacroStrategy purchased a total of 258,320 Bitcoins in 2024, with total expenditures of approximately $22.07 billion.
Michael Saylor tweeted that MicroStrategy purchased a total of 258,320 Bitcoins in 2024, with total expenditures of approximately $22.07 billion, at an average purchase price of about $85,450 per coin. The total Bitcoin holding yield for the year reached 74.3%, resulting in a net increase of 140,630 coins (about 385 coins daily). Based on the current Bitcoin price of $100,000, this created $14.06 billion in value for shareholders, equivalent to about $38.5 million daily. - Original
15. U.S. traders are no longer fully pricing in the expectation that the Fed will cut rates before July.
According to market news, traders are no longer fully pricing in the expectation that the Fed will cut rates before July. - Original
16. Musk stated that the X platform will not use cryptocurrencies for payments in the near future.
Musk mentioned during a discussion on payment-related topics on the X platform: 'We will not be using cryptocurrencies for payments in the near future; we need a license. We are only focused on fiat currency and making it better.' - Original
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