💰 Celsius billion-dollar Ethereum shift stirs speculation on creditor payback plans
Bankrupt crypto lending platform Celsius has shifted 459,561 Ethereum (ETH), valued at over $1 billion, to centralized exchanges, including Coinbase, Paxos, and FalconX, in the past 24 hours, per on-chain data. In detail, more than 300,000 ETH, equivalent to $673 million, was sent to Coinbase Prime. The firm also moved 146,507 ETH, valued at around $323.3 million, to Paxos, and another 7,800 ETH, worth $17.2 million, were transferred to FalconX.
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💰 Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000
Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $30,000 and $35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument is bogus,” he claimed, adding that bitcoin’s price movement is “anticipating the Bank Term Funding Program (BTFP) will not be renewed.”
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💰 Bitwise first to publish on-chain addresses for Bitcoin ETF holdings
The Bitwise Bitcoin ETF (BITB) has published the on-chain addresses of its holdings – the first issuer to do so among the 11 approved funds. This major decision enables public verification of BITB’s holdings and flows directly on the blockchain.
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💰 Mt. Gox confirms creditors’ addresses for BTC repayments
On December 22, the crypto community of the /mtgoxsolvency subreddit revealed that the fallen Tokyo-based Bitcoin (BTC) exchange, Mt. Gox, has been sending emails to its creditors confirming that the repayment details they provided have been verified with relevant cryptocurrency exchanges. Mt. Gox has been sending emails in a staggered fashion, based on the platforms the creditors have their accounts with.
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🪙 Potential Approval of Spot ETF Is Ethereum’s 'Strongest Narrative Right Now'
The approval of a spot ethereum exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) could be the crypto asset’s “strongest narrative,” according to a Kaiko Research analysis. The Kaiko Research team believes that ethereum’s rally post-bitcoin ETF approvals show that investors are betting on the regulator’s approval of ether-based ETFs.
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💰 GBTC's Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus
U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In just the past 24 hours, the trust shed over 14,300 bitcoin, decreasing its total holdings to 566,973 bitcoin.
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@TradeCryptoNow
🇺🇸 CFTC files ‘romance scam’ charges on crypto exchange Debiex
The Commodity Futures Trading Commission (CFTC) alleges that the Debiex crypto exchange platform swindled about $2.3 million from customers. Per a CFTC statement, the complaint asserts that certain officers and managers of Debiex reportedly established amicable and “intimate” relationships with prospective customers by disseminating false information to gain trust.
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💰 Bitcoin ETFs Eclipse Silver, Claiming Second Spot Behind Gold in US ETF Market
Spot bitcoin ETFs, after a phenomenal market debut, have claimed the second-largest commodity position in the U.S. ETF market, growing larger than silver and trailing only behind gold, in a clear sign of the the mainstream appetite for the digital asset.
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🔄 ARK Shuffles Investments: ARK Invest sells $15M of BITO, buys $15M of its own spot bitcoin ETF, ARKB.
• 📈 Focus on ARKB: Cathie Wood’s fund continues to prioritize its recently listed ETF.
#ARKInvest #BitcoinETF #CryptoStrategy
• 💸 Bitcoin Under Pressure: JPMorgan warns of possible $1.5B outflow from GBTC, potentially impacting bitcoin prices.
• 🚨 Market Impact: GBTC’s high fees and investor profit-taking post-ETF conversion may add market pressure.
#BitcoinPressure #GBTC #JPMorganAnalysis
• 📊 Ether’s Positive Outlook: Analysts predict a surge for Ether in 2024, backed by the Dencun upgrade and potential ETFs.
• 🔝 Rising Ether-Bitcoin Ratio: Ether regains strength after underperforming in 2023.
• 📈 Potential Spot ETFs: Launch of Ether-based ETFs could attract more institutional and retail investment.
#EthereumRise #CryptoMarketTrends #EtherETF
@Bitcoin_Blockchain_Trading
✖️ dYdX surpasses Uniswap in daily trading volumes
Trading volumes on the decentralized exchange (DEX) dYdX v4 exceeded $600 million. According to CoinMarketCap, from Jan. 17 to 18, trading volumes on dYdX were $603 million, with the decentralized exchange beating out the second highest DEX by volume, Uniswap, which saw $479 million in volume over that same time period.
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🟠 Binance launches AltLayer on Launchpool, expands crypto investment options
Binance has recently introduced AltLayer (ALT) as the 45th project on its Binance Launchpool platform. AltLayer is focused on developing native and restaked rollups, incorporating both Optimistic and ZK Rollup Stacks, representing a significant innovation in the cryptocurrency sector.
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💰 Bitcoin Hits Peak Interest on Google Trends Following SEC's ETF Approvals
In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities and Exchange Commission (SEC) sanctioned 11 spot bitcoin exchange-traded funds (ETFs).
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💰 Top Analyst Predicts Bitcoin To Hit $300K Amid Pre-Halving Surge
Bitcoin nabs substantial attention among crypto market traders globally as a top analyst foresees BTC to $300K as halving nears.
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💰 Bitcoin hovers just under $40,000 as market tracks Grayscale outflows
Bitcoin price eclipsed $40,000 at different points on Wednesday but largely hovered just below that mark, as market watchers continued to observe the selling off of Grayscale's spot bitcoin ETF. The price of the world's largest cryptocurrency by market capitalization was $39,672 at 4:37 p.m. ET, according to The Block's Price Page. While it's up 1.3% over the past 24 hours, bitcoin's price has declined nearly 14% over the past two weeks.
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⚪️ Crypto Lender Nexo Seeking $3B in Damages From Bulgaria
Cryptocurrency lender Nexo has filed an arbitration claim against the Republic of Bulgaria, seeking $3 billion in damages. Nexo has accused the country of making “wrongful and politically motivated actions...involving unjustified and oppressive criminal investigations,” according to an emailed statement on Wednesday.
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💰 Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses 📉
Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50% in over two years, Schiff predicted that those who bought the newly approved spot bitcoin ETFs “will experience even worse results.”
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📣 Alameda Research voluntarily drops lawsuit filed against Grayscale Investments
Alameda Research Ltd., the hedge fund associated with bankrupt FTX, has voluntarily dismissed a lawsuit it had brought against Grayscale Investments. The firm had been seeking injunctive relief to "allow redemptions and reduce fees in Grayscale trusts" and unlock $9 billion or more in value for shareholders. John J. Ray lll, CEO of FTX, previously said the goal was to unlock value being "suppressed by Grayscale's self-dealing and improper regulation ban."
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🦊 MetaMask introduces Ethereum validator staking feature, powered by Consensys
MetaMask, the popular crypto wallet application, has partnered with Consensys Staking to run Ethereum validator nodes on behalf of users willing to stake at least 32 eth, a current value of about $80,000. Following its transition from a proof-of-work network to a proof-of-stake network in the September 2022 known as ‘The Merge,’ Ethereum’s network is now secured by such validators. Many
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💰 Vanguard Group’s Bold Stand Against Crypto Sparks Controversy Amid Bitcoin ETF Boom!
Now, more than six years later, Vanguard Group Inc. remains steadfast in its conservative investment approach, triggering ire within the crypto community as it rejects the euphoria surrounding the debut of the first US Bitcoin exchange-traded funds (ETFs). This decision reflects Vanguard’s deeply rooted investment philosophy, established by Bogle in 1975, prioritizing stocks and bonds over commodities.
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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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🇰🇷 South Korea presidential office hints at domestic spot Bitcoin ETF amid regional uncertainty
The Office of the President of the Republic of Korea urged the financial regulator, the Financial Services Commission (FSC), to reevaluate its stance on spot crypto Exchange Traded Funds (ETFs), local media outlet Maekyung reported on Jan. 19.
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🆘 Crypto Crime Amounted to Over $24B in 2023: Chainalysis
Over $24 billion worth of cryptocurrency was received by illicit addresses in 2023 accounting for 0.34% of all transaction volume, blockchain intelligence firm Chainalysis has estimated in its annual crypto crime trends report. The figure is nearly 40% less than that of 2022, however it is only provisional. The $24.2 billion total is likely to increase as more addresses are identified as illicit over time.
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🪙 Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime study which ignore the stablecoin’s “role in helping developing economies in emerging markets.” According to Tether, the stablecoin’s use of public blockchains means every transaction is trackable, making it “an impractical choice for illicit activities.”
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💰 Coinbase Prime hot wallet leads weekly Bitcoin trading with $11.4 billion volume
Coinbase Prime, the crypto platform explicitly designed for institutional investors, trusts, and high-net-worth individuals, has seen a dramatic increase in trading activity following the U.S. spot Bitcoin ETFs launch.
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🇰🇷 South Korea's Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024.
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💰 Reported ‘transfer’ of $15B XRP was part of a failed exploit attempt
According to Bitfinex chief technology officer Paolo Ardoino, an attacker attempted to make use of XRP’s partial payments feature to exploit his crypto exchange but failed.
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