Daily | US PPI data will be released at 21:30 tonight; Robinhood was fined US$45 million by the US SEC for multiple securities violations; Trump may implement an executive order to repeal the controversial cryptocurrency accounting policy on his first day
Reprinted from chaincatcher
01/14/2025·24days agoOrganized by: Luan Peng, ChainCatcher
Important information:
- Robinhood fined $45 million by SEC for multiple securities violations
- Trump may push for executive order to repeal controversial cryptocurrency accounting policy on day one in office
- Binance will support Prosper (PROS) token contract migration
- Binance announced that the unified account will introduce a maximum negative balance management mechanism. Exceeding the set upper limit will automatically trigger the repayment process.
- People familiar with the matter: China considers selling TikTok US to Musk in response to ban
- Remixpoint, a Japanese listed company, increased its holdings by 33.34 BTC, and its total Bitcoin holdings rose to 333.189 BTC.
- CoinShares lowers Bitcoin ETP management fee to 0.25%
- The cross-chain infrastructure project SYNTHR announced the completion of a total financing of US$10 million, with participation from NGC Ventures and others
"What important events happened in the past 24 hours?"
Robinhood fined $45 million by SEC for multiple securities violations
According to an announcement from the U.S. Securities and Exchange Commission (SEC), Robinhood Securities LLC and Robinhood Financial LLC agreed to pay a total of $45 million in civil penalties for violating more than 10 securities laws.
The violations included failure to submit timely suspicious activity reports, failure to implement adequate identity theft protection measures, failure to address known cybersecurity vulnerabilities, and failure to properly maintain records of customer communications.
Additionally, Robinhood Securities was separately cited for failing to provide complete securities trading data and failing to comply with Reg SHO rules. These issues occurred between 2019 and 2023. The SEC said the companies acknowledged some of the findings and agreed to penalties.
According to the Washington Post, Trump is expected to issue an executive order on the first day of his presidency regarding debanking and repealing a controversial cryptocurrency accounting policy that requires banks holding digital assets to It is considered a liability.
“The Trump team has made it clear that this is a priority,” the source said. These upcoming executive actions target cryptocurrency regulation and are intended to protect cryptocurrency investors from what Trump has called “the bureaucratic swamp in Washington.” "Influence.
Binance will support Prosper (PROS) token contract migration
Binance has announced that it will support contract migration for the Prosper (PROS) token. Starting from 03:00 on January 20, 2025 (UTC), Binance will suspend deposits and withdrawals of the old version of PROS tokens. The migration ratio is 1:1, and spot and margin trading are not affected. The new version of PROS token will support both ERC20 and BEP20 chains.
Binance announced that starting from January 22, 2025, the unified account will introduce a maximum negative balance management mechanism. The system detects the negative balance of assets every 10 minutes. If it exceeds the set upper limit, it will automatically trigger a three-step repayment process: first, cancel the relevant asset pending orders and reduce the negative balance to 80% of the upper limit; if it is still over the limit, priority will be given to exchanging high-pledged pledges. rate assets for repayment. Users can query relevant transaction records through the "Unified Account Order - Others" or API interface on the App.
People familiar with the matter: China considers selling TikTok US to Musk in response to ban
Chinese officials are evaluating a possible option to sell TikTok's U.S. operations to Elon Musk if it fails to prevent a U.S. ban, Bloomberg reported, citing people familiar with the matter. Although TikTok parent company ByteDance prefers to block the ban through appeal, the U.S. Supreme Court hearing indicates that the ban may be upheld.
The plan envisions Musk's X platform taking over TikTok's US business and integrating it with its existing platform. This move will not only leverage TikTok's 170 million U.S. users to increase advertising revenue, but may also provide rich data support for Musk's artificial intelligence company xAI. However, the transaction requires approval from the Chinese government, especially if it involves the transfer of TikTok’s core algorithm.
Currently, TikTok's U.S. business is valued at between $40 billion and $50 billion, but it is unclear whether Musk has enough resources to complete this transaction. ByteDance said its primary goal remains to retain TikTok's business in the United States through legal channels.
According to CoinPost, Japanese listed company Remixpoint increased its holdings of 33.34 BTC, and its total Bitcoin holdings rose to 333.189.
Additionally, on January 9, the company decided to purchase additional crypto assets totaling 3 billion yen. This purchase is part of that. The company plans to gradually implement the remaining additional investment space while monitoring market trends.
CoinShares lowers Bitcoin ETP management fee to 0.25%
European investment company CoinShares announced that it will reduce the management fee of its flagship product CoinShares Physical Bitcoin ETP (code: BITC; ISIN: GB00BLD4ZL17) from 0.35% to 0.25%, with the new rate taking effect immediately.
According to official news, the cross-chain infrastructure project SYNTHR announced the completion of a total financing of US$10 million. Investors include institutional investors such as Kronos, NGC Ventures, and Morningstar Ventures, as well as angel investors from projects such as Mysten Labs, GMX, and Axelar Network. The project has also received 11 ecological grants from Oasis Network, Sui, Sei, etc.
Su Zhu: If Musk owns American TikTok, the Memecoin super cycle is just around the corner
According to Su Zhu’s post on X: “If Musk owns American TikTok, then the Memecoin super cycle is actually real.”
Earlier news , Bloomberg reported, citing people familiar with the matter, that China was considering a potential option to sell the business to Musk if the short video sharing platform TikTok failed to overturn the "sell or ban" order.
TikTok and Chinese parent company ByteDance earlier filed a lawsuit seeking to block a bill signed by President Biden. The bill requires ByteDance to sell TikTok's U.S. assets before the 19th of this month, otherwise it will face a ban. The U.S. Supreme Court held a hearing a few days ago and has yet to make a decision.
Bithumb will list Ancient 8 (A8) and Drift (DRIFT) Korean won trading pairs
According to Bithumb's announcement, Ancient 8 (A8) and Drift (DRIFT) will be listed on the Korean Won market on January 14, and trading will begin at 5 p.m. (Korean time).
According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) led by Gary Gensler called Binance.US a “melting pot of fraud” and used its power and influence to cut off the company’s relationships with banks and U.S. dollar fiat currency access. Binance.US interim CEO Norman Reed said in an interview with CoinDesk that the SEC failed to provide any evidence in court to support its accusations.
After the SEC filed a lawsuit, Binance.US lost thousands of customers, suffered billions of dollars in losses, and was forced to lay off 70% of its employees.
Norman Reed, interim CEO of Binance.US, said: “USD fiat services are expected to be revitalized and live in the coming weeks; the company is preparing for a comeback, looking to work with banks and once again talking to state regulators.”
US PPI data will be released at 21:30 tonight
Investors are currently waiting for the Producer Price Index (PPI) report released at 21:30 tonight, as well as the US Consumer Price Index (CPI) data on Wednesday, to further understand the economic situation and the Fed's policy direction in 2025.
Votel, chief market analyst at KCM Trade, said if inflation data turns out to be weak this week, the dollar could come under pressure and fall, which could push gold higher.
Traders are currently betting that the Federal Reserve will not significantly ease monetary policy in 2025. Against a backdrop of a solid economy and labor market, policymakers need to see new progress in slowing inflation before continuing to cut interest rates. However, for now, this progress is uncertain.
Base protocol leader: Supporting Chinese developers is one of my top priorities in 2025
Jesse Pollak , head of the Base protocol , posted on
He emphasized that supporting Chinese developers is one of his top priorities in 2025.
Cryptocurrency bank Sygnum Bank completed $58 million in financing, led by Fulgur Ventures
Sygnum, a crypto bank headquartered in Switzerland and Singapore, completed US$58 million in financing, led by Fulgur Ventures, with a post-financing valuation of US$1 billion.
The new funds will be used to expand its product portfolio (with a focus on Bitcoin technology), expand its institutional infrastructure, strengthen its compliance team and explore strategic acquisition opportunities. Proceeds will also help Sygnum's EU expansion plans and establish a regulated business in Hong Kong.
According to RootData , Sygnum is a digital asset bank with a Swiss banking license and a Singapore asset management license. Sygnum empowers institutional and private accredited investors, businesses, banks and other financial institutions to invest in the emerging digital asset economy with complete trust. Customers can invest in leading digital assets using their deposits in Swiss francs, US dollars, euros and Singapore dollars.
Binance Futures adds multiple U-margined perpetual contracts to copy trading
Binance Futures copy trading will add the following U-margined perpetual contracts at 16:00 on January 14, 2025 (Eastern District Time):
- 1000CATUSDT
- AI16ZUSDT
- AIXBTUSDT
- ALCHUSDT
- CGPTUSDT
- COOKIEUSDT
- DFUSDT
- FARTCOINUSDT
- GRIFFAINUSDT
- KMNOUSDT
- LUMIAUSDT
- PENGUUSDT
- PHAUSDT
- SWARMUSDT
- ZEREBROUSDT
“What are some great articles worth reading in the past 24 hours?”
Recently, OORT launched OORT DataHub, marking its further move toward global, diverse, and transparent data collection, laying the foundation for the explosion of DeAI.
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January 19 is the date when the U.S. Supreme Court approved the "Tiktok ban" bill. As this deadline approaches, Xiaohongshu has unexpectedly become a new gathering place for a large number of American users (self-proclaimed "TikTok Refugees") land. Following this, MOMO, the MEME token on Solana, surged from the bottom. As of press time, its market value soared from US$100,000 to nearly 12 million US dollars, reflecting the market’s fanatical pursuit. What is MOMO? Why are users flocking to a pink dinosaur avatar?
January 19 is the date when the U.S. Supreme Court approved the "Tiktok ban" bill. As this deadline approaches, Xiaohongshu has unexpectedly become a new gathering place for a large number of American users (self-proclaimed "TikTok Refugees") land. Following this, MOMO, the MEME token on Solana, surged from the bottom. As of press time, its market value soared from US$100,000 to nearly 12 million US dollars, reflecting the market’s fanatical pursuit. What is MOMO? Why are users flocking to a pink dinosaur avatar?
TikTok refugees are flooding in. Are you going to start looking for memes on Xiaohongshu?
People in the currency circle who are on the front line of surfing, now start learning to use Xiaohongshu to find the next 100x coin
The bubble has burst, is the AI Agent craze coming to an end?
Recently, tokens in the AI Agent sector have generally experienced a correction.
According to GMGN data, VIRTUAL, the mainstream AI Agent token in the Base ecosystem, fell by more than 39% in the 7th day, AIXBT fell by more than 20% in the 7th day, GAME dropped by more than 30% in the 7th day, and LUNA dropped by more than 50% in the 7th day; the mainstream AI Agent in the Solana ecosystem Token ai16z dropped over 45% in 7 days, ELIZA dropped over 48% in 7 days, swarms And ARC fell more than 38% on the 7th.
More than three months have passed since GOAT launched a new model of combining AI and Crypto, and then ai16z and Virtuals carried forward the encrypted AI Agent narrative. Therefore, there are many opinions in the market that the AI Agent hype boom is over, and those who have not yet cleared their positions have become the payers of this "feast". Some even liken this round of AI Agent boom to "faster-paced inscriptions" upsurge".
Is the AI Agent craze coming to an end? The answer is not so.
Meme Hot List
According to the Meme token tracking and analysis platform GMGN market data, as of 19:50 on January 14:
The top five popular Ethereum tokens in the past 24 hours are: HELLO , SPX , PEPU , CONCHO , FATAL
The top five popular Solana tokens in the past 24h are: PROFIT , MOBY , SAI , CONCHO , FCP
The top five popular tokens in the past 24h Base are: VIRTUAL, POPSMILE , AIXBT , SAGE, SKI
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