● Economists: It is currently expected that the Fed will slow down the pace of balance sheet reduction starting in June
Golden Finance reported that Morgan Stanley economists said that the Federal Reserve will announce plans to slow down its balance sheet reduction in May and start it in June.
● Research report: US retail sales growth reduces the urgency of interest rate cuts
According to a report by China International Capital Corporation, U.S. retail sales in December 2023 increased by 0.6% month-on-month, the strongest growth in the past three months. Strong consumption will increase the resilience of the U.S. economy and reduce the possibility of recession, thereby reducing the urgency of the Federal Reserve to cut interest rates.
● Data: 9 Bitcoin spot ETFs increase their holdings by about 13,000 Bitcoins every trading day
Golden Finance reported that nine Bitcoin spot ETFs (excluding GBTC) increased their holdings by an average of about 13,000 Bitcoins per trading day.
● The total amount of Bitcoin managed by GBTC has dropped to 566,970
Coinglass data shows that as of January 19, the negative premium rate of the Grayscale Bitcoin Trust Fund ETF (GBTC) narrowed to 0.27%, the total amount of bitcoins under custody fell to 566,970, the net asset value of each ETF was approximately US$37.11, and the GAAP asset management scale reached US$23.55 billion.
● Fox reporter: BlackRock has no plans to launch spot XRP ETF
According to Foresight News, Fox Business Network senior reporter Charles Gasparino cited people familiar with the matter as saying that BlackRock has no plans to launch a spot XRP ETF.
● Vitalik Buterin calls for crypto to respect public legitimacy
According to TechFlow, Ethereum co-founder Vitalik Buterin said that the crypto space should respect public legitimacy more. He mentioned two crises involving SBF and the OpenAI board of directors, pointing out that SBF's crime was fraud, while the OpenAI board of directors' crime was making major decisions suddenly and feeling entitled not to explain to the public.
● In January 2024, the amount of stablecoin transfers on the Solana chain reached 303 billion US dollars, a year-on-year increase of 2520%
According to Planet Daily, Artemis data shows that the amount of stablecoin transfers on the Solana chain has reached $303 billion so far in January this year, which is higher than the amount of stablecoin transfers on the chain in December 2023 ($297 billion), and an increase of 2520% compared to January 2023 ($11.56 billion). Solana's on-chain stablecoin market share is currently close to 32%, a significant increase from the 1.2% share a year ago. Solana's on-chain stablecoin activity began to pick up in October last year and has since grown steadily by 650%.
