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🍵tea announces Incentivized Testnet Date of February 21 🍵
tea is a decentralized technology protocol that rewards open-source developers for their software contributions and non developers to participate in the open-source economy.
The tea protocol was co-founded by Max Howell, the creator of Homebrew—the software package manager used by tens of millions of developers worldwide.
🚀 The long awaited Incentivized Testnet will kick off February 21st with weekly challenges for developers and non developers to participate in. The ITN is a critical step to ensure the stability of the tea protocol and the rewarding of OSS developers.
There is a limited time to sign up to participate in ITN so make sure you sign up today with the link below!
👉🏼 JOIN NOW: https://tea.xyz/?utm_source=direct&utm_medium=organic&utm_campaign=testnetdate_campaign&utm_kol_name=cryptobitcointradingnews
💰 ARK Invest continues Bitcoin futures ETF rotation with multimillion-dollar ARKB purchase
Cathie Wood’s ARK Invest has maintained its strategic investment approach by accumulating shares of its Ark 21Shares Spot Bitcoin ETF (ARKB) for inclusion in its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate. In this recent transaction, ARK Invest acquired 523,541 ARKB shares at $21 million while divesting 648,091 units of ProShares Bitcoin Strategy ETF (BITO) for $12.85 million.
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💰 Bitcoin ETFs buy 95,000 BTC as assets under management hit $4 billion
The “Newborn Nine” Bitcoin ETFs have collectively amassed 95,000 BTC, with collective assets under management (AUM) nearing $4 billion, according to available data. According to Bloomberg ETF analyst Eric Balchunas, this remarkable inflow of capital highlights the growing investor appetite for digital assets and the increasing acceptance of cryptocurrencies in mainstream finance.
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@DeFi_ICO_Invest
💰 JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow
Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained that the $3 billion inflow into new spot bitcoin exchange-traded funds (ETFs) “reflects a rotation from existing bitcoin vehicles” or “from retail investors shifting from digital wallets held with exchanges/retail brokers to cheaper spot bitcoin ETFs.”
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🥇 Ordinals Minting Surpasses 5,822.56 BTC Fee Revenue Milestone!
Translating to approximately US$242,391,805, this remarkable milestone underscores the burgeoning success and financial viability of the Ordinals minting process. The Ordinals inscription, a unique feature within the Bitcoin NFT protocol, has witnessed an unprecedented level of adoption, with a staggering total of 56,427,386 inscriptions cast to date. This surge in activity signals a growing interest in the protocol, highlighting its popularity among users seeking to engage with the NFT space.
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🟠 Binance.US CEO Criticizes SEC’s Digital Asset Regulation Tactics
Binance.US Interim CEO Norman Reed has openly criticized the Securities and Exchange Commission’s (SEC) approach to regulating digital assets. In a recent op-ed for Fortune, Reed, leveraging his experience as a former SEC employee, expressed his concerns about the agency’s strategy, which he believes deviates from its core principles and potentially harms the US economy.
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🏦 Coinbase has 70% chance of winning against SEC: Bloomberg analyst
An analyst for Bloomberg Intelligence placed Coinbase’s chances of prevailing in its legal battle with the U.S. Securities and Exchange Commission (SEC) at an optimistic 70%. In a Jan. 19 post on social media platform X (formerly Twitter), Elliot Stein, Bloomberg Intelligence’s senior litigation analyst, suggested that the cryptocurrency trading platform was likely to secure a complete dismissal of the regulatory case based on developments in the recent court hearing.
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🥇 BlackRock on track to surpass Grayscale Bitcoin holdings in 37 days
BlackRock’s IBIT Bitcoin ETF has recently made headlines, surpassing a net inflow of $1 billion and acquiring 25,067 Bitcoin within four trading days. A deeper analysis reveals that at this acquisition rate, it would reach 592,000 BTC – an equivalent to Grayscale’s current holdings – in approximately 178 days, setting a target date around mid-July.
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🪙 Ripple’s Brad Garlinghouse Cancels US IPO Plan
Ripple’s CEO Brad Garlinghouse has announced suspending plans for an initial public offering (IPO) in the United States. Citing a “hostile” regulatory environment, Garlinghouse revealed that Ripple had explored alternative markets for its IPO, pointing to jurisdictions with clearer regulatory frameworks.
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🪙 Tether challenges UN claims of USDT use in illegal activities, advocates for blockchain education
Stablecoin issuer Tether criticized the United Nations report, claiming that its USDT tokens are being used for illegal activities. In a Jan. 16 blog post, Tether said the monitoring its stablecoins attract from regulatory authority surpasses those of the traditional banking systems.
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Breaking:🆘 Bitcoin, Ethereum, & XRP Usher $1.18 Billion In Crypto Funds Inflow
Crypto asset investment products saw $1.18 billion inflows (subject to T+2 settlement), according to CoinShares weekly report on January 15. Despite the huge spot Bitcoin ETF hype, it fails to break the $1.5 billion record of futures-based Bitcoin ETFs in October 2021.
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🔵 Ethereum (ETH) Outperformed Bitcoin (BTC) During ETF Approval Week
While BTC has declined during the week it saw multiple ETFs approved, Ethereum has gone in the other direction, perhaps fueled by hype that it will also have exchange-traded products launching at some point.
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🇺🇸 SEC Statement on the Hack of Its X Account and the Resulting Fake Bitcoin ETF Approval Announcement
The U.S. Securities and Exchange Commission released this statement in response to the hack of its X account that led to a fake announcement being issued in the SEC's name saying the regulator had a approved a spot bitcoin exchange-traded fund:
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🥇 UBS and Citi Will Let Some Customers Trade Bitcoin ETFs
UBS, the Zürich-based banking giant, will let some clients who desire to trade bitcoin ETFs do so, subject to some conditions, according to a person familiar with the matter.
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🚨JUST IN: 💰 Bitcoin SPOT ETF Starts with a Bang, Achieving $2,3 Billion Trading Volume in the First Minutes.
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💰 Bitcoin price falls below $39,000 as indicators suggest risk of a deeper correction, according to Bitfinex 📉
The bitcoin price has fallen below the $39,000 mark, leading to an increased risk of a further price correction from the short-term holder cohort, Bitfinex analysts said. "The tendency of short-term holders to react more acutely to short-term market fluctuations means there is a possibility of a further substantial price correction, with critical support levels only at $38,000 and $36,000," they noted. This market shift could result in increased sell pressure from the short-term holder cohort, analysts added.
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🇬🇧 The FCA's stringent rules are hurting crypto firms in the UK, says Bittrex Global CEO
Last summer, UK Prime Minister Rishi Sunak said he was keen on providing regulatory clarity regarding how crypto firms should register and operate in the country — as part of his ambitions for the UK to become a global hub for web3. However, fast-forward several months and some firms have now suspended services or exited the UK market amid strict marketing rules from the country’s financial regulator, the Financial Conduct Authority.
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🪙 Metamask Launches Ethereum Validator Staking Services
Metamask, the Ethereum Virtual Machine (EVM) wallet, has announced the launch of its validator staking services for Ethereum. The feature will allow users who want to stake their ether to do it simply from the Metamask portfolio interface, without managing hardware equipment, while maintaining custody of the cryptocurrency staked.
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💰 Bitcoin Network's Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap
On Saturday, the Bitcoin network experienced its first difficulty reduction of the year, witnessing a 3.9% decrease at block height 826,560. As a result, the network’s mining difficulty now stands at 70.34 trillion, with the next adjustment anticipated on Feb. 4, 2024.
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💰 Spot Bitcoin ETFs scoop up another 10,600 BTC on day 5
Spot Bitcoin exchange-traded fund (ETF) issuers added another net 10,667 Bitcoin to their crypto stacks on their fifth trading day amid increasing trading volumes.Data compiled by X (formerly Twitter) account CC15Capital for Jan. 17 shows that a net $440 million in Bitcoin was added to their holdings at the end of the day. BlackRock’s ETF accounted for the lion’s share of the purchases with 8,700 BTC, worth nearly $358 million.
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⚪️ VeChain Official Account Hacked, Used to Promote Scam Giveaway
VeChain, a prominent blockchain-based protocol, became the latest victim of a cyber attack when its official X account was compromised on January 18, 2024. The hackers used the account to orchestrate a scam giveaway, targeting VeChain (VET) and Ethereum (ETH) holders with promises of lucrative returns. This incident adds to the growing list of cybersecurity breaches in cryptocurrency.
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💰 Bitcoin ETFs exploded with $10 billion traded in first days, overshadowing combined 2023 ETF launches
According to Bloomberg ETF analyst Eric Blachunas, during the first three trading days of the newly launched Bitcoin ETFs, almost $10 billion was traded, dwarfing the activity of other ETFs launched in 2023. The total trading volume for all 500 ETFs launched in 2023 combined was a mere $450 million, according to Balchunas.
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🪙 Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.”
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🇺🇸 SEC agrees to delay Terra trial so that Do Kwon can attend proceedings
The U.S. Securities and Exchange Commission (SEC) has agreed to delay a trial against Terraform Labs and its former top executive, Reuters said on Jan. 15. The regulator said that a “modest” delay of the trial date is justified because Terraform Labs’ co-founder, Do Kwon, intends to attend the trial.
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💰 Samson Mow believes Bitcoin will surge to $1 million 'within days or weeks' once supply crunch hits
JAN3 CEO and Bitcoin bull Samson Mow believes that Bitcoin will see a significant supply shock in the coming days that could potentially cause its price to surge to $1 million within a matter of ‘days or weeks.’
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💰 Blackrock CEO Larry Fink on Bitcoin: I'm a Big Believer — Its Bigger Than Any Government
Larry Fink, the CEO of Blackrock, the world’s largest asset manager, says he has become “a big believer” in bitcoin, emphasizing that it is “bigger than any government.”.
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🥇 Grayscale moves $183m in BTC amid ETF fee competition
Grayscale Bitcoin Trust transferred approximately 4,000 BTC to Coinbase Prime deposit addresses
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💰 JPMorgan says spot bitcoin ETFs could see up to $36 billion of inflows in rotational capital
Spot bitcoin exchange-traded funds, which began trading in the U.S. today, are not anticipated to draw in a significant amount of fresh capital; instead, they may experience a shift of up to $36 billion in inflows from existing crypto instruments, according to JPMorgan.
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🇺🇸 Gary Gensler: 'While we approved the listing and trading of certain spot BitcoinETF shares today, we did not approve or endorse Bitcoin.'
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