1. Stablecoin regulation advocate Barr announces he will resign as Vice Chairman of the Federal Reserve's oversight prior to Trump's inauguration, continuing his role as a Federal Reserve Governor.
2. Canadian Prime Minister Justin Trudeau resigns, potentially paving the way for a Canadian government that is less resistant to cryptocurrencies.
3. U.S. court documents indicate that the number of victims in the Do Kwon case may exceed one million.
The prosecutor overseeing the criminal case against Terraform Labs co-founder Do Kwon, on behalf of the U.S. government, estimates that the collapse of the Terra ecosystem may have caused over one million victims worldwide. On January 6, acting U.S. Attorney Daniel Gitner submitted a filing to the U.S. District Court for the Southern District of New York, notifying about the procedure to inform Kwon's victims of their rights in the criminal case. According to the U.S. Attorney's office, the government will establish a website regarding the public procedure for Kwon's case, as other methods to provide rights protection for victims are deemed 'impractical.' Gitner stated, 'Given the massive volume of transactions involving Terraform cryptocurrency and the manner in which these transactions occurred (many of which were conducted through foreign exchanges via digital asset wallets or cryptocurrency trading accounts that lack personal identification information), although it is difficult to precisely quantify the number of Kwon's victims, the government estimates that the number of victims in this case exceeds hundreds of thousands of individuals and entities, potentially totaling over one million.' Previously, it was reported that Kwon is expected to appear in court again on January 8.
4. The Bitcoin options market shows renewed optimism ahead of Trump's inauguration.
The Bitcoin market is showing new bullish momentum, with increased options activity targeting strike prices of $110,000 and $120,000 on the Deribit derivatives exchange. According to The Block's price page, following a pullback at the end of December that saw Bitcoin's price fall to around $91,000, Bitcoin has rebounded to around $99,000. Derivatives traders are particularly focused on the call options with a strike price of $120,000, which are currently the most popular on Deribit, with a nominal open interest of $1.52 billion. The ratio of put options to call options for all expiration dates on Deribit has now dropped to 0.24. This ratio compares the number of put options to call options, highlighting the bullish market sentiment as traders prepare for potential price increases. A ratio below 1.0 indicates that call options outweigh put options, suggesting expectations of upward momentum.
5. U.S. stocks closed mixed, with the Nasdaq rising 1.24%.
U.S. stocks closed, with the Dow down 0.06%, the Nasdaq up 1.24%, and the S&P 500 up 0.55%.
6. BlackRock's Ethereum ETF holdings have surpassed 1.08 million ETH, with a market value exceeding $3.9 billion.
As of January 3, the iShares Ethereum Trust ETF has a holding of 1,080,804.2416 ETH, with a market value reaching $3,900,352,306.90.
7. MicroStrategy increased its holdings by 1,070 BTC, bringing its current total to 447,470 BTC.
According to market news, MicroStrategy has increased its holdings by 1,070 BTC, bringing its current total to 447,470 BTC.
8. In the past 7 days, stablecoins on the Ethereum network have grown by over $1.1 billion.
In the past 7 days, stablecoins (USDT and USDC) on the Ethereum network increased by $1.11 billion, while stablecoins (USDT and USDC) on the Solana network increased by $202.13 million.
9. Grayscale transferred 2,934 ETH to Coinbase Prime's hot wallet.
About 5 minutes ago, 2,934 ETH were transferred from Grayscale's Coinbase Prime Deposit address to a Coinbase Prime hot wallet address, valued at $10.67 million.
10. Ethereum co-founder Vitalik Buterin is liquidating millions of dollars worth of memecoins to fund his Kanro charity.
Ethereum co-founder Vitalik Buterin is once again liquidating memecoins that may have been sent to his public wallet for free.
11. Winklevoss-led Gemini Trust Co. agrees to pay $5 million to settle CFTC allegations.
In the 'proposed consent order' signed between the CFTC and Gemini on Monday, the company agrees to settle but neither admits nor denies the allegations. The agency stated that Gemini made false statements to the CFTC between July 2017 and December 2017, while the company was undergoing an evaluation for bitcoin futures contracts.
12. U.S. prosecutors estimate that Terraform Labs co-founder Do Kwon may have caused over one million victims worldwide.
13. Sui's TVL has surpassed $2 billion, setting a new all-time high.
The public chain Sui announced on platform X that its total locked value (TVL) has surpassed $2 billion, reaching an all-time high, having taken only three months to cross the $1 billion mark. Sui stated that recently announced and launched stablecoins, wallets, and lending protocols have driven Sui's growth. Industry giants such as Grayscale, VanEck, and Franklin Templeton have also powered Sui's momentum.
14. Coinbase: DYP V2 tokens are not supported for now; the migration bridge will close at 7 PM on January 8.
Coinbase Assets states that all DYP holders on Coinbase need to take action: Dypius (DYP) is migrating to DYP V2. The migration bridge will close at 6 AM ET on January 8, 2025 (7 PM Beijing time). Coinbase will not support DVP V2 and will suspend trading of Dypius (DYP) around 2 PM ET on January 17, 2025 (3 PM on January 18). All customers wishing to convert to DYP V2 must complete the conversion before the deadline at 6 AM ET on January 8. Currently, there are no plans to support DYP V2 tokens on the platform. If users still hold DYP and wish to convert to DYP V2, they will need to use the official DYP migration portal and a compatible self-custody wallet (such as Coinbase Wallet) for the conversion. Coinbase.com (simple and advanced trading), Coinbase Exchange, and Coinbase Prime will suspend DYP trading, and the DYP order book has been moved to limit order mode. Limit orders can be placed and canceled, and matching may occur.
15. The DePIN report predicts that the DePIN sector may achieve 100-1000 times growth in emerging markets by 2025.
The report (2024 DePIN Status) co-authored by Messari DePIN research analyst Dylan Bane and Escape Velocity Ventures co-founder Salvador Gala provides an in-depth analysis and review of the DePIN industry in 2024, as well as a forecast for the development prospects of DePIN in 2025. The report states: The DePIN sector comprises 350 tokens with a market value of $50 billion; in 2024, the 'on-chain battle' of DePIN accelerates as Solana and Base capture market share from other L1s; local governments are seeking DePIN to address infrastructure challenges. The report predicts that by 2025, the DePIN sector may achieve 100-1000 times growth in emerging markets and break through in broader application scenarios.
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