1. Mike Johnson, supported by Trump, has been re-elected as Speaker of the House, and lawmakers who support cryptocurrency legislation may push for relevant legislation in 2025.
2. The chairman of the Korea Exchange, Eun-Bo Jeong, has expressed interest in launching a cryptocurrency-based ETF this year, which may mark a shift in Korea's stance on cryptocurrency.
The chairman of the Korea Exchange, Eun-Bo Jeong, has expressed interest in launching a cryptocurrency-based ETF this year to meet global demand for such products. During the opening ceremony of the securities and derivatives market on January 2, Eun-Bo Jeong emphasized the importance of innovative financial products for revitalizing the Korean capital market. Eun-Bo Jeong highlighted the economic challenges faced over the past year, including domestic economic contraction, slowing export growth, and geopolitical tensions. He explained that these factors have caused the Korean financial market to lag behind global peers. Inspired by the successful launch of Bitcoin-related financial products internationally, the exchange plans to explore new avenues, including launching cryptocurrency-related ETFs to address these issues. This announcement marks a potential shift in Korea's previous stance. Last year, the Korean Financial Services Commission (FSS) banned asset management companies from offering ETFs linked to cryptocurrency-related businesses (such as Coinbase). However, due to regulatory hurdles, the potential for crypto ETFs remains uncertain. CryptoQuant CEO Ki Young Ju expressed concerns about Korea's readiness to approve such products. Ju compared Korea's cautious regulatory stance to that of the U.S. SEC, which delayed the launch of crypto ETFs for over a decade until 2024. -Original
3. Nearly 400 million DOGE were transferred from Binance to an unknown wallet, indicating a large transfer of funds.
Around 23:03 Beijing time today, 399,999,999 DOGE were transferred from Binance to an unknown wallet, worth $144,917,041. -Original
4. Federal Reserve's Barkin states that there is an increasing recognition that long-term interest rates may not decline as significantly as previously hoped.
5. Bitstamp CEO predicts that cryptocurrencies will strengthen and gain global recognition by 2025.
Bitstamp CEO Jean-Baptiste Graftieaux stated that 2024 will be a year of transformation in the digital asset space, as the exchange was acquired by Robinhood for $200 million last year. Jean-Baptiste Graftieaux predicts that by 2025, cryptocurrencies will strengthen and gain global recognition, and the fundamentals of the industry will remain strong. He explained: 'The incoming U.S. government has a positive attitude toward cryptocurrencies, coupled with anticipated macroeconomic improvements, which may drive up the value of digital assets while maintaining their appeal as an inflation hedge. ETFs changed the game in 2024, making it easier for both retail and institutional investors to invest in cryptocurrencies. Supported by new regulations in the U.S. and Europe's MiCA designed to enhance market transparency, this trend may continue.' -Original
6. BlackRock's IBIT spot Bitcoin ETF saw a net outflow of $332.6 million on Thursday, marking the largest single-day outflow since its launch a year ago.
BlackRock's IBIT spot Bitcoin ETF saw a net outflow of $332.6 million on Thursday, marking the largest single-day outflow since its launch a year ago. According to Reuters, Terraform Labs co-founder Do Kwon pleaded not guilty to multiple criminal charges, including fraud and money laundering, in a Manhattan court on Thursday, after being extradited from Montenegro. Stuart Hoegner has retired from the position of General Counsel for Tether and Bitfinex, and Michael Hilliard is now fully responsible for their legal operations. The following article is adapted from The Block's newsletter (The Daily), published on work afternoons. -Original
7. U.S. stock market closed, Nasdaq up 1.77%, Dow up 0.8%, S&P 500 index up 1.26%.
U.S. stock market closed, Dow up 0.8%, Nasdaq up 1.77%, S&P 500 index up 1.26%. -Original
8. U.S. stock market opened, Dow up 208 points, Nasdaq up 119 points, S&P 500 index up 0.51%.
U.S. stock market opened, Dow up 208 points, Nasdaq up 119 points, S&P 500 index up 0.51%. -Original
9. The total liquidations across the network in the past 24 hours amounted to $218 million, with short positions liquidated for $142 million.
Binance-BTC current price $98,311.58, with a 24-hour increase of 1.16%. Among them, the total liquidation amount across the network in the past 24 hours is $218 million, primarily from short positions, with BTC liquidations at $52.62 million (24.06%), data is for reference only. -Original
10. Coinbase has acquired the Cyprus subsidiary of BUX, suspected of planning to enter the contracts for difference (CFD) sector.
U.S.-listed cryptocurrency exchange Coinbase has acquired BUX's Cyprus subsidiary (formerly Stryk) and renamed the entity Coinbase Financial Services Europe. BUX CEO Yorick Naeff confirmed the deal, stating, 'We are pleased to have sold our MiFID-authorized entity BUX Europe Limited (BEU) to Coinbase.' Through this acquisition, Coinbase now holds a Cyprus Investment Firm (CIF) license, which authorizes it to offer contracts for difference (CFD) products. Additionally, Coinbase can use this Cyprus license to provide financial products to other European Economic Area (EEA) member states. The Cyprus Securities and Exchange Commission (CySEC) registration authority confirmed that the domain 'coinbase.com/international-exchange/europe' has been approved by the regulatory agency but has not yet been put into use. Although Coinbase has not officially confirmed, it seems that Coinbase is targeting professional and institutional clients by leveraging services offered under its Cyprus license. The transaction appears to have been completed last October, as records from Belgium's Financial Services and Markets Authority (FSMA) indicate that the entity's name changed from Bux Europe Ltd to Coinbase Financial Services Europe Ltd on October 11, 2024. -Original
11. The Federal Reserve keeps interest rates unchanged, and the committee's consensus is gradually approaching a rate cut.
12. The CEO of Ripple stated that today we welcomed 'the most pro-cryptocurrency Congress in history.'
13. Grayscale transferred 700 BTC to an unknown address, worth $67.94 million.
About 16 minutes ago, Grayscale Bitcoin ETF transferred 700 BTC to an unknown address starting with bc1q5, worth $67.94 million. -Original
14. Pre-market U.S. stock related to cryptocurrency opened flat, with MicroStrategy down 0.5%.
Pre-market U.S. stocks related to cryptocurrency opened flat, including: · MICROSTRATEGY -0.5%; · ISHARES BITCOIN TRUST -0.8%; · COINBASE GLOBAL +0.3%; · RIOT PLATFORMS -0.4%; · CLEANSPARK -0.5%; · MARA HOLDINGS -0.1%; · T-Rex 2X Long MSTR Daily Target ETF -1.8%. -Original
15. OKX Ventures announces investment in the liquidity staking protocol Haedal on Sui.
On January 3, OKX Ventures announced a strategic investment in the liquidity staking protocol Haedal built on Sui. Haedal focuses on providing users with efficient liquidity staking infrastructure, allowing users to stake SUI to Validators for consensus rewards while unleashing the potential of liquidity staking tokens LST for participation in the DeFi ecosystem. As an important part of the Sui blockchain, Haedal not only helps secure the network but also promotes governance and sustainable decentralization. Its core goal is to provide Sui ecosystem users with a one-click DeFi yield maximization solution by simplifying yield products and lowering entry barriers, welcoming the upcoming wave of large-scale applications of the Sui network and the cross-border needs of Web2 users. In the future, Haedal plans to launch a series of new products and modules to create more earning opportunities for users and further expand the possibilities of the Sui ecosystem. -Original
16. Tether and Circle's on-chain revenue totaled $664 million in December 2024, dominating the stablecoin market.
Data from DeFiLlama shows that the on-chain revenue of the cryptocurrency industry in December 2024 is quite substantial, with stablecoin issuers accounting for the largest share. These issuers earned over $664 million in total, making up more than 40% of the $1.5 billion total revenue generated by crypto protocols. As the issuer of the USDT stablecoin, Tether became the largest contributor with revenue reaching $532.1 million, followed closely by USDC issuer Circle with revenue of $132.77 million. Together, these two issuers dominate the stablecoin field, accounting for nearly 90% of the market share, which is valued at over $200 billion. -Original
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