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At intra-day lows, ADA had dumped over 40% since its recent highs. But the worst might already be over, and 2025 could bring new highs.
XRP temporarily crashed as investors panicked after the Fed's hawkish comments
The new policy will take effect on January 15, 2025.
The proposal outlines a roadmap for the United States to foster growth in the digital asset industry.
Quick Take President-elect Donald Trump announced that Bo Hines, a former college football player who ran unsuccessfully for the House of Representatives in 2022, to lead his “Crypto Council” as the Executive Director of the Presidential Council of Advisers for Digital Assets. “In his new role, Bo will work with David [Sacks] to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote. Trump also earlier appointed Stephe
Quick Take Securitize, the broker-dealer for BlackRock’s BUIDL tokenized money market fund, has submitted a governance proposal that calls for adding the BUIDL token as a backing for Frax’s soon-to-be-relaunched Frax USD stablecoin. The stablecoin will come with a novel mint-redeem system and could also be backed by assets in tokenized funds managed by Superstate, Frax founder Sam Kazemian told The Block. While it has yet to come up for a vote, early feedback from Frax DAO members for the proposals is univ
- 08:58The probability that the United States will completely ban TikTok on Polymarket by May 2025 has risen to 78%Golden Finance reports that Polymarket data shows the probability of the United States completely banning TikTok before May 2025 has risen to 78%, with current total bets nearing $3.28 million.
- 08:57Analyst: The stagnation of stablecoin supply indicates market risks, and if CPI data is higher than expected, it may trigger a significant pullbackAccording to CoinDesk, analyst Omkar Godbole pointed out that although Bitcoin has rebounded quickly from below $90,000, the stagnation of stablecoin supply may indicate market risks. Glassnode data shows that the total supply of the four major stablecoins USDT, USDC, BUSD and DAI remains at 189 billion dollars, with a net change of only 0.37% in 30 days, indicating a lack of new funds entering the market. Analysts believe that if the upcoming U.S. CPI data is higher than expected, coupled with last Friday's strong employment report, it could exacerbate market concerns about the Federal Reserve's interest rate cuts being less than expected and trigger significant downward fluctuations.
- 08:22Canary releases and Japanese Listed Companies increase their holdings of Bitcoin again, further demonstrating the trend of market institutionalizationOn January 15th, according to Arkham's monitoring data, Canary Release invested in purchasing 142.717 bitcoins from the CEX hot wallet in the past 20 hours, with a total value of about $13.11 million. This move marks Canary Release's continued consolidation of its position as one of the world's largest digital asset management institutions while maintaining strong confidence in the market. Meanwhile, Japan's Listed Company Remixpoint also recently announced its latest bitcoin increase. According to reports, the company completed the purchase of 33.34 bitcoins on January 14, bringing its total holdings to 333.189. This increase is part of its 3 billion yen additional purchase plan, indicating its intention to seize the opportunity to buy on dips during market fluctuations. Combining the actions of the two major institutions, the institutionalization trend of the Bitcoin market has further emerged. The continuous purchase of Canary Release and the strategic layout of Japanese companies indicate that Bitcoin not only continues to attract the attention of mainstream institutions internationally, but is also being seen as an Asset Allocation tool to cope with economic uncertainty. This dynamic injects new liquidity into the market and may also provide important support for price trends.