Taiwan's financial regulatory authority chairman Peng Jinlong stated on January 9 that he is adopting a cautious and friendly attitude towards the virtual asset market. The draft law on virtual assets has been completed and will soon enter the public hearing process. The draft will be submitted to the administrative authority of Taiwan by June 30 this year.
Market news: The U.S. Department of Justice has been authorized to sell $6.5 billion worth of Bitcoin seized from the Silk Road dark web.
An official confirmed to DB News today that the U.S. government has been authorized to liquidate 69,370 BTC (worth $6.5 billion) seized from the Silk Road dark web. It was noted that it has been less than two weeks since the new government took office, and the new government had promised not to sell these Bitcoins.
CryptoQuant: U.S. entities dominate Bitcoin holdings, exceeding foreign entities by 65%.
CryptoQuant CEO Ki Young Ju stated on X that the share of Bitcoin reserves held by U.S. entities is now 65% higher than that held by non-U.S. entities. This ratio divides the known Bitcoin holdings of U.S. entities (including MicroStrategy, ETFs, exchanges, miners, and the government) by the Bitcoin holdings of known overseas entities. The data shows that this ratio increased from 1.24 in September 2024 to 1.66 on December 16. As of January 6, this ratio is 1.65. Throughout most of 2023, when Bitcoin trading prices were below $30,000, data indicated that overseas Bitcoin holdings exceeded U.S. holdings.
The Hong Kong Monetary Authority has launched a regulatory incubator to promote the responsible application of distributed ledger technology.
According to an official announcement, the Hong Kong Monetary Authority (HKMA) has launched a distributed ledger technology (DLT) regulatory incubator to assist banks in responsibly exploring the potential of DLT. The incubator is a new regulatory arrangement aimed at helping banks fully leverage the potential of DLT while effectively managing related risks. The incubator will enhance the risk management capabilities of individual banks and the overall banking industry, especially concerning the risks that may arise when banks launch services involving both DLT banking infrastructure and traditional banking infrastructure (e.g., deposits and loans). The tokenized deposits, which are of interest to the industry, will be a key project after the incubator's launch.
Luke Dashjr believes that Trump's issuance of inscriptions on Bitcoin constitutes a 'national attack' on Bitcoin.
Bitcoin core developer Luke Dashjr believes that ordinals/inscriptions are an attack on Bitcoin, and Trump's issuance of inscriptions on Bitcoin is an attack on Bitcoin, representing a national attack.
Ripple President: XRP ETF is expected to launch soon in the United States.
Ripple President Monica Long stated in an interview on Tuesday that the XRP ETF could be realized soon, as favorable cryptocurrency legislation in the U.S. could greatly benefit domestic companies.
HODL15Capital: It has been confirmed on-chain that the BTC held by the United States has not been transferred or sold.
HODL15Capital posted on X that it has confirmed on-chain that the BTC held by the United States has not been transferred or sold. Earlier today, regarding the news that 'the U.S. government has been authorized to liquidate 69,370 BTC seized from the Silk Road dark web', Trader T posted on X stating: 'It may take months from 'authorization (Clear)' to 'actual sale'.