Spot ETH ETF net inflow of $349 million, BTC price volatility is significant. Since Trump's election, the inflow of funds into spot ETH ETFs has increased dramatically, with the growth trend even surpassing that of BTC spot ETFs during the same period. The surge in South Korean cryptocurrency investors and the depreciation of the won are driving premium trading. The U.S. debt ceiling crisis may trigger downside risks for BTC. Institutional BTC adoption is accelerating in 2024, with KULR Technology purchasing 217.18 BTC for $21 million. Trump will be inaugurated as president on January 20, with at least 25 executive orders expected to be issued. FTX is about to begin its first round of cash debt repayments, with compensation inflows into the market indirectly reducing selling pressure. Tether clarifies rumors about USDT being illegal in Europe. Trump's presidency has led to a surge in crypto OTC trading volume. The U.S., U.K., and EU are strengthening cryptocurrency tax regulation, and investors need to pay attention to tax rates and compliance requirements.

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