Techub News reports that, according to Cointelegraph, Illinois State Representative John Cabello has proposed House Bill 1844 (HB1844), which aims to establish a state-managed Bitcoin reserve that must be held for at least 5 years. After the 5-year holding period, the state treasury will be allowed to "transfer, sell, appropriate, or convert any Bitcoin in the fund into another cryptocurrency."
The bill was submitted to the Rules Committee on January 29 to determine the final regulatory details and is awaiting full legislative approval.
SUI is $16 and APT is $22 at the end of the year. Why? VanEck tells you
By Patrick Bush, VanEck
Compiled by Alex Liu, Foresight News
We compare Sui and Aptos in terms of blockchain performance, scalability, ecosystem, and transaction advantages, and predict that by the end of 2025, the price of SUI will reach $16 and APT will reach $22.
Note that VanEck holds Sui (SUI) and Aptos (APT).
Sui and Aptos: Origins and Overview
Previously, we discussed the potential of Ethereum and Solana to attract billions of users to the crypto space. While both ecosystems are extremely attractive, they represent early blockchain technologies. Since their inception, a new generation of blockchains have emerged to overcome the limitations of these systems, including Aptos and Sui, which were founded by former members of Facebook's blockchain project Diem.
Techub News reports that several platforms selling Trump-branded products, including GetTrumpWatches.com, GetTrumpFragrances.com, and GetTrumpSneakers.com, have begun accepting TRUMP payments.
It is important to note that these products are not sold directly by Trump but are part of a licensing agreement with CIC Digital LLC (one of the companies responsible for issuing the TRUMP token).
Techub News reports, according to CoinDesk, that the financial crime task force T3, composed of Tron, Tether, and TRM Labs, has assisted the Spanish police in dismantling the largest cryptocurrency money laundering case since its establishment, seizing 26.4 million dollars from a European multinational criminal gang and arresting 23 suspects. Since its inception, T3 has frozen 126 million dollars in criminal funds.
Dialogue with BlackRock ETF Head Samara Cohen: Revealing Crypto Layout for 2025
Original text: Bankless
Compiled by Yuliya, PANews.
According to Samara Cohen, head of ETFs and index investments at the global asset management giant BlackRock, the financial market is at a critical transformation period. In this in-depth dialogue hosted by Bankless, Samara, who manages $6.6 trillion in assets, shares her unique insights on digital asset ETFs, the market modernization process, and the integration of blockchain technology with traditional finance. PANews has compiled this interview text.
Samara: A driver of market modernization.
Before joining the ETF industry, Samara focused on fixed income and derivatives at a major investment bank. She describes herself as a 'driver of market modernization', dedicated to enhancing market resilience, improving transparency, and expanding investor participation. At BlackRock, she works closely with Robbie Mitnik, head of the digital assets department, to explore the potential of cryptocurrencies and digital assets.
Techub News: The Thai Finance Minister stated at the Securities and Exchange Commission meeting that the government is considering issuing government bond-backed stablecoins. These stablecoins could be used for payments to merchants and may attract investors.
According to Techub News, Reuters reported that the El Salvador Congress has approved a reform proposal submitted by President Nayib Bukele to amend the country's Bitcoin law. The proposal is intended to comply with the $1.4 billion loan agreement reached between the country and the International Monetary Fund (IMF) in December last year, which requires the country's private sector to voluntarily accept Bitcoin.
Techub News reports that according to Bitcoin Magazine's Twitter, Indiana State Representative Jake Teshka has proposed a bill that would allow public employee retirement funds, state teacher retirement funds, or funds held by state government officials to invest in certain Bitcoin ETFs.
Yesterday, the total net inflow of Bitcoin spot ETFs in the United States was approximately $92.09 million.
Techub News reported that according to ichaingo data, as of January 29, Eastern Time, the total net inflow of Bitcoin spot ETFs in the United States was approximately $92.09 million.
BlackRock ETF IBIT had a net outflow of approximately $28.37 million in one day; Fidelity ETF FBTC had a net inflow of approximately $18.20 million in one day; Grayscale Micro ETF BTC had a net inflow of approximately $106 million in one day; Bitwise ETF BITB had a net outflow of approximately $3.96 million in one day; Grayscale ETF GBTC, Ark & 21Shares ETF ARKB, VanEck ETF HODL, Valkyrie ETF BRRR, Invesco Galaxy ETF BTCO, WisdomTree ETF BTCW, Franklin ETF EZBC, and Hashdex ETF DEFI had no net inflow or outflow.
Yesterday, the total net outflow of Ethereum spot ETFs in the United States was approximately $4.82 million.
According to Techub News and data from ichaingo, on January 29, Eastern Time, the total net outflow of Ethereum spot ETFs in the United States was approximately $4.82 million.
BlackRock ETF ETHA had a single-day net inflow of approximately $9.49 million; Grayscale ETF ETHE had a single-day net outflow of approximately $15.75 million; Fidelity ETF FETH had a single-day net inflow of approximately $5.49 million; Bitwise ETF ETHW had a single-day net outflow of approximately $4.05 million; Grayscale Micro ETF ETH, VanEck ETF ETHV, 21Shares ETF CETH, Invesco ETF QETH, and Franklin ETF EZET had no net inflows or outflows.
Techub News: The MIT Sloan School of Management announced that former U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler will rejoin MIT as a practice professor in the Global Economics and Management Group and the Finance Group, focusing on research in artificial intelligence, finance, financial technology, and public policy. Additionally, Gensler will serve as co-director of the MIT Computer Science and Artificial Intelligence Laboratory's FinTechAI@CSAIL program, exploring new AI technologies, opportunities, technical challenges, and their applications in the financial sector.
Techub News reports that according to Coinglass data, in the past 12 hours, the total liquidation amount across the network was approximately $213 million, with long liquidations amounting to about $74.8122 million and short liquidations amounting to about $139 million.
Techub News reports that according to Lookonchain monitoring, the address marked as pump.fun deposited 98,000 SOL into Kraken 11 hours ago, worth approximately 22.27 million dollars.
Techub News: The Bitcoin re-staking network Pell Network has announced the completion of a $3.5 million strategic funding round, with investors including D11-Labs, Web3Port Foundation, ArkStream Capital, Taisu Ventures, Core Ventures, GoPlus, Astrarizon Ventures, and MultiversX. The raised funds will be used to build DeFAI's full-chain infrastructure.
BKEX exchange's contract trading defined as gambling behavior, multiple employees and agents sentenced
According to Techub News, the People's Court of Pingjiang County in Hunan recently published multiple criminal judgments involving the BKEX exchange, explicitly defining the platform's contract trading as gambling and holding relevant employees and agents criminally liable for operating a casino.
The judgment shows that BKEX was founded by Ji Jiaming (currently at large) in Chengdu in 2018, launched perpetual contract trading in 2021, allowing users to use USDT as a stake to bet on price fluctuations of cryptocurrencies like BTC and ETH through high leverage. The platform features mechanisms for matching trades, betting trades, and agent commissions. As of the incident, BKEX had over 270,000 contract trading users and more than 60,000 active users, with a total net profit of approximately 300 million RMB.
Techub News: Nasdaq-listed company Worksport announced the purchase of six-figure Bitcoin and XRP, and plans to increase its position in due time. Worksport had committed to invest some of its excess cash reserves in Bitcoin and XRP on December 5 of last year.