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Quick Take Six mutual funds that track the price of Bitcoin are set to launch in Israel on December 31 after the country’s securities authority issued approvals last week, according to a report from Israeli business news site Calcalist. The approvals are the result of a years-long lobbying effort from financial institutions, the report states.
Argo Blockchain recorded the steepest losses among miners, with its stock plunging 84.31% YTD and a 5% drop in the past 24 hours.
XRP shows steady growth with strong support at $2.00 and resistance at $2.50. SUI faces higher volatility, with key support at $4.40 and resistance at $4.65. Both XRP and SUI show mild bullish momentum but lack strong market momentum.
- 08:52Analyst: Even if the U.S. CPI is only slightly higher than expected, it will trigger a market sell-offOdaily Planet Daily reports that Russell Investment Company analyst BeiChen Lin said in a report that even if the U.S. inflation report released on Wednesday is only slightly higher than expected, it could trigger a sell-off in the bond and stock markets. The investment strategist said that last Friday's unusually strong U.S. employment report seems to have awakened people's concerns about inflation. He stated: "Although we believe that the yield of U.S. Treasury bonds is attractive at current levels, we still think investors should stick close to their long-term allocation ratios unless yields rise significantly." Economists surveyed by The Wall Street Journal expect the U.S.'s December CPI year-on-year increase to be 2.9%, higher than November's 2.7%. The survey shows that the annual core inflation rate is expected to remain unchanged at 3.3%.
- 08:29SOON will adopt EigenDA as the data availability layer for SOON's main networkForesight News reports that Solana's virtual machine, SOON, has announced a strategic partnership with data availability (DA) solution EigenDA. It will adopt EigenDA as the designated DA layer for the SOON mainnet.
- 07:50The Block: Sui performs outstandingly, completing 7.50 billion transactions in 2024, with an annual increase of 542%.On January 13th, according to the latest report from The Block, Sui achieved amazing performance in 2024, with 7.50 billion transactions and an annual growth rate of up to 542%, far ahead of other Layer 1 blockchains. During the same period, BNB only achieved a 132% increase, further highlighting Sui's market appeal. Sui's unique advantage comes from its technical architecture developed by Mysten Labs, including an object-centric model and the Move programming language, which provide the foundation for parallel transaction processing and efficient state updates. In April last year, Sui also introduced the Mysticeti consensus algorithm, which significantly reduced transaction confirmation time and pushed daily trading volume to a peak of 58.40 million. As of now, Sui's total locked volume (TVL) has approached $2 billion. This performance not only reflects its technical potential, but also implies strong market interest in emerging Layer 1 platforms. "The Block" pointed out that Sui's monolithic architecture integrates execution, settlement, and data availability in terms of functionality, forming a sharp contrast with traditional modularization architecture. This design trend may become a new focus of Layer 1 competition.