PA Daily | Bloomberg ETF analyst says it’s only a matter of time before SOL or XRP ETF is approved; OKX starts Animecoin staking mining
Reprinted from panewslab
01/17/2025·15days agoToday’s news tips:
Trump plans to make cryptocurrency a national priority
Matrixport: The current trend model remains bearish, but will turn bullish if $103,000 is exceeded
OKX Jumpstart will launch ANIME (Animecoin) staking mining on January 20
Multicoin proposes to adjust the SOL inflation mechanism to a market-driven model
Amber Group became a SOLV market maker and received 23.2 million SOLV 3 hours ago
Bloomberg ETF Analyst: Approval of Solana or XRP ETFs Just a Matter of Time
Regulation/Macro
Well-known crypto trader Eugene (0xENAS) posted an article on the Angel investment activity has nothing to do with it. In response to the accusations about $ENA, Eugene stated that he established the liquidity position of $ENA in the third quarter of 2024 based on public information and personal analysis, and clearly disclosed his position in the article. He emphasized that Tangent’s $ENA angel investment has had a lock-up period for many years since 2023, and it is impossible to profit from transactions. The relevant accusations are nonsense. In addition, he denied using his influence to boost shipments or accepting paid promotions, and pointed out that his transaction records were completely transparent. Eugene also mentioned that recently anonymous accounts have tried to expose his identity and threaten his family. He condemned this and stated that this was his only response to the relevant accusations and that he would continue to focus on the long-term development of the encryption field in the future. Previous news, sources: Trader Eugene is a co-founder of Tangent Ventures and is a seed round investor in ENA tokens.
According to the official account of the Suqian Court, the court disclosed an online pyramid scheme case in the name of investing in a virtual currency financial management project. The suspect created the "ACORNS" online platform and issued virtual currencies such as "ACO" to promote publicity without having any actual business projects. This virtual currency can be used as a bait to participate in financial management to obtain high returns, and members are required to pay 100 USDT coins for financial management as a threshold to obtain static income. As of the incident, the platform had more than 3,000 active recharge members and had attracted a total of nearly 3.16 million USDT. After trial, the Sucheng Court sentenced the defendant in this case to a prison term ranging from five years and three months to three years for organizing and leading pyramid schemes, and fined him a fine ranging from 170,000 yuan to 100,000 yuan.
Former Coinbase employee complains that Coinbase account suspension caused wedding to be hindered
User Griffin McShane, a former Coinbase employee and CoinDesk author, publicly expressed dissatisfaction with Coinbase CEO Brian Armstrong on social media, saying that he was forced to cancel wedding venue reservations because he was unable to access the funds in his Coinbase account. According to its description, Coinbase froze its account for two months on the grounds of "protecting users" but did not provide any support or explanation. He said the account had been used to receive wages and conduct cryptocurrency transactions, and there had never been problems before. McShane called on Coinbase to update its systems and improve customer support services. At present, Coinbase has not responded to this.
China's GDP will grow by 5% year-on-year in 2024, and the Q4 GDP annual rate will be 5.4%
Data from the National Bureau of Statistics show that according to preliminary calculations, the GDP in 2024 will be 134.9084 trillion yuan (RMB), an increase of 5.0% over the previous year at constant prices. The previous value was revised from 126.0582 trillion yuan to 129.4272 trillion yuan. China's fourth-quarter GDP annual rate was 5.4%, expected 5%, and the previous value was 4.6%.
Musk said Yellen may have clicked on the 'Give me 1 Bitcoin and I'll give you 2 Bitcoins back' email
Musk commented on Twitter: "Maybe she clicked on that 'Give me 1 Bitcoin and I'll give you 2 Bitcoins' scam email," making fun of Bloomberg's report that Chinese hackers invaded the U.S. Treasury Department and interviewed Treasury Secretary Yellen Computer news.
U.S. Senator Cynthia Lummis pressed federal agencies on two cryptocurrency-related issues this week, CoinDesk reported. On the eve of Trump's re-inauguration as president, she urged the U.S. Marshals Service to slow down plans to sell Bitcoin seized in the Silk Road case and warned the Federal Deposit Insurance Corporation (FDIC) not to destroy documents related to its guidance for banks to cut off crypto customer relationships. evidence. Lummis opposes the current rapid liquidation of approximately 70,000 Bitcoins (approximately $6.9 billion), advocating for their inclusion in the Trump administration’s proposed “National Bitcoin Reserve” plan. At the same time, she pointed out that it would be illegal for the FDIC to try to hide relevant materials about the so-called "Operation Chokepoint 2.0". Loomis will also lead the Senate Banking Committee’s digital assets group in the new Congress, working with Chairman Tim Scott to develop a regulatory framework for crypto assets to promote financial innovation and inclusive development.
Trump plans to make cryptocurrency a national priority
According to Bloomberg, U.S. President-elect Trump plans to issue an executive order to make cryptocurrency a national priority and establish a cryptocurrency advisory committee within the government to speak out for industry policies. Sources said the order is intended to guide government agencies in cooperating with the crypto industry and reflect its strategic importance. In addition, Trump’s team is also discussing halting cryptocurrency-related lawsuits at the federal level to promote the development of the industry.
Bloomberg ETF Analyst: Approval of Solana or XRP ETFs Just a Matter of Time
Bloomberg ETF analyst James Seyffart tweeted that the Litecoin ETF applied by Canary may have a better chance of being approved by the U.S. SEC than other crypto asset ETFs, mainly because Litecoin is not recognized as a security by the SEC. He pointed out that the SEC has not yet accepted the recent Solana ETF application, but believes that approval of Solana or XRP ETF is only a matter of time. Currently, Nasdaq has submitted a 19b-4 document to apply for listing and trading of Canary’s Litecoin ETF. The market is paying attention to whether the SEC will officially accept this application.
Trump's pick for Treasury secretary: Bessant: No reason to support central bank digital currency
According to Jinshi, Trump’s choice for Treasury Secretary Bessant said that if elected as Treasury Secretary, he will work with Congress to lift the debt ceiling to ensure that the United States avoids debt default, and reiterated his opposition to central bank digital currency (CBDC). He supports the restoration of 100% corporate research and development tax credits, opposes the "Pillar 2" global corporate minimum tax, and advocates increasing sanctions on Russia to promote talks. He warned that failure to extend tax cuts would increase the tax burden on the middle class, stressed the importance of adjusting federal spending and tax policies for economic recovery, and believed that Trump's policies could reduce inflation to 2%. In addition, he agreed that the Fed should remain independent and supported improving the overall tariff plan through carbon tariffs.
Financing
Merit Systems, headquartered in Brooklyn, New York, announced the completion of a $10 million seed round of financing, led by Andreessen Horowitz’s crypto fund and Blockchain Capital. Merit is committed to solving the long-standing "attribution problem" by establishing a protocol that provides fair attribution and reward mechanisms for open source developers, allowing users to pay software creators directly. Merit, co-founded by Sam Ragsdale, Ryan Sproule and Mason Hall, is currently valued at $55.5 million and is expected to launch a wider product version by the end of February. The company's Domino Sugar Factory office building in Brooklyn plans to add seven new employees in the next few months to create a team culture focused on on-site collaboration.
AI-driven cryptocurrency analysis platform Mind AI completes $1.2 million in strategic financing
According to official news, the AI-driven cryptocurrency analysis platform Mind AI announced the completion of US$1.2 million in strategic financing from aixcb, Castrum Istanbul, Dewhales, SMO Capital, Metazero Capital, X21 Digital, Lunar Labs Capital, Zephyrus Capital, AlfaCatalyst, Decubate, Maven Capital , Unreal Capital, GAINS Associates, Coinvestor Ventures, Kef Ventures, Carbon Browser, Danxia Capital, Unicorn Ventures participated in the investment. According to reports, Mind AI is a cryptocurrency analysis platform that uses artificial intelligence and machine learning to provide investors with insights into the digital asset market. Its goal is to transform social signals into profitable trading decisions driven by artificial intelligence.
AI code editor Cursor announced the completion of a $105 million Series B round of financing, with investors including Thrive Capital, Andreessen Horowitz and Benchmark. This round of funds will be used to expand the team and cutting-edge research, promote the construction of a "human-machine collaborative programming" model, and achieve a significant improvement in programming efficiency. Currently, Cursor has millions of users, edits over 1 billion characters on average every day, and has business revenue exceeding US$100 million, making it one of the leading platforms in the world of code generation and editing.
According to The Block, Tapestry, a social graph protocol based on Solana, completed a $5.75 million Series A round of financing. This round of financing was jointly led by Union Square Ventures and Fabric Ventures, with participation from Stellation Capital, Slow Ventures, and Foresight Ventures. This round of financing values Tapestry’s equity at US$35 million and the token network at US$70 million, bringing the total financing amount to US$12.5 million. Tapestry focuses on providing infrastructure for integrated social functions for blockchain applications, leveraging Solana’s state compression technology to reduce costs. The team plans to expand to other blockchain ecosystems, such as Aptos and Monad, and adopt a freemium model to provide services to developers, while exploring future charging models for data reading and writing protocols.
Crypto wallet Phantom announced the completion of US$150 million in Series C financing, with a valuation of US$3 billion. The round was co-led by Sequoia Capital and Paradigm, with other investors also participating. It is reported that Phantom plans to use the new funds to accelerate the popularity of cryptocurrency and promote its transformation into the world's largest consumer financial platform. Since its launch in 2021, Phantom has reached 15 million monthly active users, supports 85 billion on-chain transactions, and manages US$25 billion in self-custody assets. In 2024, Phantom will strengthen security and infrastructure through the acquisition of Bitski and Blowfish. In the future, Phantom will increase investment in social features and peer-to-peer payments to further simplify the user experience.
Project news
OKX Jumpstart will launch ANIME (Animecoin) staking mining on January 20
The OKX Jumpstart staking mining activity will start at 14:00 (Beijing time) on January 20, 2025. OKB and BTC holders can mine ANIME tokens in return by staking OKB and BTC. The event will last until 14:00 on January 23. The total OKB prize pool for this event is 53,333,334 ANIME, and the total BTC prize pool is 26,666,666 ANIME. There is no minimum limit for personal staking. The upper limit for OKB staking is 600 OKB and the upper limit for BTC staking is 0.3 BTC. Staking and unstaking are supported at any time. ANIME token is expected to be launched for online trading on January 23, and the specific time will be notified separately. The following countries and regions are not eligible for this event: Hong Kong, China, South Korea. According to previous news, Azuki: ANIME tokens will be launched on Ethereum and Arbitrum in January, with 50.5% allocated to the community.
DWF Labs pledges over $5 million in DEXE to support DeXe Network
DWF Labs announced that it has joined DeXe Network’s DEXE staking program and has pledged over $5 million in tokens with a 12-month lock-up period.
Amber Group became a SOLV market maker and received 23.2 million SOLV 3 hours ago
According to monitoring by @ai_9684xtpa, Amber Group has become the market maker of Binance’s new Megadrop coin SOLV. About three hours ago, address 0x716...dbE85 received 23.2 million SOLV (accounting for 1.56% of the initial circulation) from the project party's multi-signature address for market making. Currently, 12.2 million of them have been deposited to major exchanges.
According to official information from MakersPlace, the digital art platform announced that it will cease operations after six years of operation due to continued market challenges and financing difficulties. Effective immediately, the platform will disable minting, token import, and new account creation functions, but art purchases will continue for the time being. Artists and collectors have until June 2025 to transfer works from the MakersPlace custody wallet to their personal wallets, and the relevant tools will be launched in February. MakersPlace said it will return unused funds to investors and provide employees with fair severance packages. All Ethereum NFTs on the platform remain accessible through the secondary market. Digital artist Beeple responded to the news of MakersPlace ceasing operations, saying he regretted it and thanked the platform for promoting the field of digital art, which had a huge impact on his career.
Multicoin proposes to adjust the SOL inflation mechanism to a market-driven model
According to Blockworks, Multicoin Capital proposed to adjust Solana’s SOL issuance mechanism from a fixed inflation to a market-driven model to maintain the pledge rate at around 50%. If the pledge rate is higher than 50%, the issuance volume will decrease, reducing staking income; if it is below 50%, the issuance volume will increase, encouraging more pledges. The current SOL inflation rate is about 4.8%, and the original plan was to reduce it to 1.5% year by year. Multicoin believes that lowering inflation can reduce network centralization, increase DeFi utility, and reduce selling pressure caused by staking rewards, but may cause staking returns to decline.
Coinbase International Station will launch AIXBT, PNUT and VET perpetual contracts
Coinbase International Station announced on the Open on or after 17:30 on January 23.
point of view
Opinion: Trump’s embrace of Bitcoin could be the biggest “pump and dump” in history
According to the Golden Ten report, Pomona College economics professor Gary Smith and NTT DoCoMo Mobile Science Award winner Jeffrey Funk issued an article saying that Trump’s embrace of Bitcoin may be the largest “pump and dump” in history. The U.S. federal government may be foolish to spend hundreds of billions of dollars buying Bitcoin at ever higher prices, but is there a bigger fool than the federal government? Who will the government sell hundreds of billions of dollars in Bitcoin to? Perhaps Trump envisioned a “pump and sell.” In a "pump and dump" scam, a group of scammers spreads false rumors about an investment while luring the gullible in by trading at increasingly higher prices. When the price was bid up, the conspirators sold their holdings to those victims. The federal government should stop these shenanigans rather than join the scammers in conducting pump and dumps of their own. A more promising (and perfectly legal) way to reduce debt is to cut some government spending. The real way to “Make America Great Again” (Trump’s slogan throughout his campaign and in office) is to produce goods and services more efficiently, which will lead to lower prices, higher wages and greater profits.
Matrixport: The current trend model remains bearish, but will turn bullish if $103,000 is exceeded
Matrixport said that according to the Bollinger Band measurement results, Bitcoin’s lower trajectory gradually expanded, showing increased downside risks, but after a reversal, it may provide bulls with a favorable risk/reward entry point. Currently, the Greed and Fear Index is close to the key 10% level and the 30-day rolling return is close to -10%. These indicators usually indicate that the downward trend may slow down or reverse.
Although Bitcoin remains above the 21-week moving average and is technically in a bull market, momentum has turned bearish. Stablecoin minting and trading volume have dropped significantly, DeFi activity has decreased, Bitcoin dominance has increased, funds have flowed back from altcoins to Bitcoin, and market speculation has weakened. Historical data shows that when Bitcoin rises by more than 40% within 30 days, it usually reaches a peak or enters a consolidation stage. Currently, the trend model remains bearish but will turn bullish on a break above $103,000. As the consolidation lasts longer, the bullish signal trigger points fall, increasing the likelihood of a reversal. Bitcoin’s current attempts to maintain $90,000 levels are mainly driven by repatriation of funds from altcoins rather than new capital inflows. Market trends are driven by momentum, and traders need to carefully manage risks and look for opportunities in volatility. Despite overall weak market momentum, Bitcoin has shown some resilience due to its relative security.
important data
OKB breaks through $61, rising 22.05% in 24 hours
According to OKX market data, perhaps affected by "OKX Jumpstart will launch ANIME (Animecoin) staking mining on January 20", OKB exceeded $61, rose 22.05% in 24 hours, and is now quoted at $61.1. According to previous news, OKX Jumpstart will launch ANIME (Animecoin) staking mining on January 20.
An address missed out on more than $4.4 million in potential profits by selling AGiXT prematurely.
According to Lookonchain monitoring, a trader purchased 46.5 million AGiXT for $1,756, but sold it prematurely for $6,284, making only a profit of $4,529 and missing out on potential gains worth more than $4.4 million. Currently, the value of this batch of AGiXT exceeds $4.4 million.
Data: Ethereum spot ETF had a net inflow of US$167 million yesterday
According to SoSoValue data, on January 16 (US Eastern Time), the Ethereum spot ETF had a net inflow of US$167 million in a single day, and the ETF net asset ratio reached 3%. BlackRock ETF ETHA had a single-day net inflow of US$111 million, with the total historical net inflow reaching US$3.827 billion; Fidelity ETF FETH had a single-day net inflow of US$70.0444 million, with the total historical net inflow reaching US$1.427 billion. Grayscale Ethereum Trust ETF ETHE had a net outflow of US$18.7284 million yesterday, with a historical cumulative net outflow of US$3.718 billion, while Grayscale Ethereum Mini Trust ETF ETH had a net inflow of US$4.0885 million, with a total historical net inflow of US$566 million. As of now, the total net asset value of Ethereum spot ETFs is US$12.046 billion, with a cumulative historical net inflow of US$2.641 billion.
Data: Bitcoin spot ETF saw a net inflow of US$626 million yesterday
According to SoSoValue data, the Bitcoin spot ETF had a net inflow of US$626 million in a single day yesterday, and the ETF net asset ratio reached 5.78%. BlackRock's ETF IBIT had a single-day net inflow of US$528 million, with the total historical net inflow reaching US$38.036 billion; Ark Invest and 21Shares' ETF ARKB had a single-day net inflow of US$155 million, with the total historical net inflow reaching US$2.691 billion. In comparison, Grayscale GBTC had a net outflow of US$69.9706 million yesterday, and its historical cumulative net outflow was US$21.675 billion. At present, the total net asset value of Bitcoin spot ETFs reaches US$114.818 billion, and the historical cumulative net inflow reaches US$37.103 billion.
22,000 BTC options and 182,000 ETH options expire today, and the market focuses on Bitcoin’s rebound
Greeks.live macro researcher Adam released today's options delivery data, saying that 22,000 BTC options expired, with a Put Call Ratio of 0.95, the biggest pain point was US$96,000, and a nominal value of US$2.19 billion; 182,000 ETH options expired, with a Put Call Ratio of 0.95. 0.36, the biggest pain point is US$3,250, and the nominal value is US$610 million. The price of Bitcoin once again exceeded $100,000, boosting market sentiment, but the performance of most altcoins remained weak. Short-term option implied volatility (IV) increased, and the market showed bullish power towards the short-term target of $105,000. In addition, Trump will officially take office next week, and whether the new government will introduce favorable policies for cryptocurrency has attracted attention. Considering that the Federal Reserve's interest rate meeting at the end of the month is expected to maintain no interest rate cuts, it is recommended to pay attention to policy changes and ETF capital inflows, and appropriately deploy short-term options for short-term operations.
GMGN market data shows that the market value of the AI agent automation platform token AGiXT exceeded US$80 million within 3 hours of its launch, and is now valued at US$81.3 million. It is reported that AGiXT is an open source platform that focuses on automated management of AI agents and supports users to implement API calls through natural language requests. Its code has been made public on GitHub.
World Liberty deposited another 1,038 ETH to Coinbase about 3 hours ago
According to Spot On Chain monitoring, Trump-related fund World Liberty deposited another 1,038 ETH (approximately US$3.44 million) into Coinbase about 3 hours ago. In the past two days, the fund has deposited a total of 14,611 ETH (approximately $47.34 million) into Coinbase, with an average price of $3,240. Currently, the fund still holds 5,111 ETH (approximately $17.12 million).
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