Preview of this week’s top news | Trump takes office as President of the United States; Upbit’s final penalty details will be determined; OKX Jumpstart will launch ANIME staking mining

Organized by: Fairy, ChainCatcher

Highlights:

• OKX Jumpstart will launch ANIME (Animecoin) staking mining on January 20
• Trump will be officially sworn in as President of the United States at 1 a.m. Beijing time on the 21st
• South Korea’s financial regulatory authorities ordered Upbit to suspend operations. The final details of the penalty will be determined on January 21.
• MicroStrategy shareholders will vote on plan to increase stock issuance on January 21
• Four Solana ETF applications will face the SEC’s first review deadline on January 25
• Orbiter Finance Token (OBT) TGE will take place on January 20

January 20 (Monday)

[U.S. SEC General Counsel Megan Barbero will resign on January

20](https://www.chaincatcher.com/article/2163006)

According to CoinDesk, SEC General Counsel Megan Barbero will leave her post on January 20. Previously, SEC Enforcement Division Chief Gurbir Grewal resigned in October 2024, and Accounting Division Chief Paul Munter also announced his upcoming departure this week. Barbero has served as general counsel since February 2023, responsible for guiding the SEC's legal disputes with crypto companies in federal court.

[US SEC Chairman Gary Gensler will resign on January

20](https://www.chaincatcher.com/article/2153214)

According to an official announcement, US SEC Chairman Gary Gensler will resign on January 20.

The announcement mentioned that in the last full fiscal year, 18% of the reports, complaints and recommendations received by the SEC were related to cryptocurrency, although the cryptocurrency market accounted for less than 1% of the U.S. capital market. Various courts have upheld the Commission's actions to protect investors and rejected all arguments that the SEC is unable to enforce the law when issuing securities—regardless of the form in which they are issued.

It is reported that Trump’s presidential term will also begin on January 20.

**[CFTC Chairman to step down on Trump’s Inauguration Day, January

20](https://www.chaincatcher.com/article/2161129)**

According to the Financial Times, CFTC Chairman Rostin Behnam will resign as chairman on January 20, the day of President-elect Donald Trump’s inauguration, and will officially leave office on February 7.

Behnam is concerned that regulation of digital assets, including Bitcoin and other cryptocurrencies, remains insufficient. Behnam said: “There is still a large part of the digital asset space that is unregulated in the U.S. regulatory system, and given the huge demand for these products from retail and institutional investors that we are seeing adoption by some traditional financial institutions, it is very important to fill this gap. important."

He said the CFTC remains “well-positioned to be the spot regulator for digital commodity assets.”

[Orbiter Finance Token (OBT) TGE will take place on January

20](https://www.chaincatcher.com/article/2163146)

Layer2 cross-chain protocol Orbiter Finance announced on the X platform that it will launch OBT tokens, and TGE will be held on January 20, 2025. OBT is the protocol's ERC-20 governance and utility token and will be launched on Ethereum, Arbitrum and Base with a total supply of 10 billion and a circulating supply of 2.8 billion (28%) at TGE.

Regarding token distribution, the community allocation accounts for 40%, of which 22% will be distributed to Orbiter users as an initial airdrop, and 3% will be airdropped to eligible users every month for 6 months. The ecosystem and growth allocation accounts for 20%, of which 2.5% will be unlocked in TGE. The Orbiter Foundation allocation accounts for 15%, of which 3.5% will be unlocked at TGE, and the remainder will vest in monthly increments within 23 months. The allocation proportion to the team and contributors is 15%, and the allocation proportion to investors is 10%. In addition, on-chain governance will be opened in February 2025.

Orbiter Finance is a decentralized cross-rollup bridge for transferring native assets of Ethereum. In Orbiter Finance, there are two roles: Sender and Maker. When Sender initiates a transfer, Maker provides liquidity for it. Smart contracts ensure the security of this process. If Maker has bad behavior that causes the transfer to fail, Sender can use Maker's deposit to initiate an arbitration request to the contract and receive excess compensation.

[OKX Jumpstart will launch ANIME (Animecoin) staking mining on January

20](https://www.chaincatcher.com/article/2163115)

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 pledge is 600 OKB and the upper limit for BTC pledge 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.

January 21 (Tuesday)

[Trump will be officially sworn in as President of the United States at

1 a.m. Beijing time on the 21st](https://www.chaincatcher.com/article/2163416)

According to BBC News, Donald Trump will be officially sworn in as the 47th President of the United States at 12:00 EST on January 20th (Beijing time: 1:00am on the 21st).

Inauguration Day includes a formal swearing-in ceremony, musical performances, a celebratory parade and a series of formal balls. Vice President-elect JD Vance will also be sworn in, take the stage with Trump, and officially begin to take charge of the new government.

Trump's second inauguration will begin with a ceremony at St. John's Church in Washington, D.C.'s historic Lafayette Square, followed by refreshments at the White House. Musical performances and opening remarks will begin at 9:30 ET (22:30 Beijing time on the 20th) on the main event stage on the West Lawn of the U.S. Capitol. Trump and Vance will then hold an oath of office ceremony, and the president will also deliver an inaugural address outlining his goals for the next four years. Trump will then go to the presidential office near the Senate to sign important documents. He will then attend a lunch hosted by the Congressional Joint Committee on Inaugural Ceremonies. The parade then marched from the Capitol along Pennsylvania Avenue to the White House.

Later that night, Trump will attend three inaugural balls - the Commander-in-Chief's Ball, the Liberty Inaugural Ball and the Starlight Ball. He is expected to speak on all three occasions.

[South Korea’s financial regulatory authorities ordered Upbit to suspend

operations. The final details of the penalty will be determined on January 21.](https://www.chaincatcher.com/article/2162879)

According to Korean media NAVER, South Korea’s Financial Intelligence Analysis Unit (FIU) issued a business suspension notice to Upbit, South Korea’s largest cryptocurrency exchange, on January 9. The main reason was a violation of the Customer Identification (KYC) provisions of the Specified Financial Transaction Information Act. ) and other anti-money laundering obligations. During the inspection, the FIU found approximately 700,000 cases of improper KYC implementation, as well as irregularities such as business dealings with unregistered overseas virtual asset service providers.

Once the punishment is determined, Upbit will be restricted from new user-related business for up to 6 months. Upbit currently accounts for more than 70% of South Korea's cryptocurrency trading market, and this punishment may affect its business license renewal review. FIU will convene a sanctions committee on January 21 to determine the final details of the penalty.

[Judge delays CFTC vs. Gemini trial to January

21](https://www.chaincatcher.com/article/2159923)

The U.S. court postponed the CFTC vs. Gemini case to January 21, 2025. New York District Judge Alvin Hellerstein announced that the trial date of the civil case between the U.S. Commodity Futures Trading Commission (CFTC) and Gemini Trust Company has been postponed from January 13, 2025 to January 21, 2025, and made it clear that there will be no further delay. .

The CFTC filed a lawsuit against Gemini in June 2022, accusing it of providing false or misleading information when submitting a Bitcoin futures contract application in 2017, and seeking the return of illegal proceeds, civil penalties, and an injunction. Delays in hearing cases may be affected by the policies of the incoming administration and the new Congress.

[MicroStrategy shareholders will vote on plan to increase stock issuance

on January 21](https://www.chaincatcher.com/article/2163214)

The MicroStrategy shareholders meeting will vote on the stock issuance increase plan on January 21, authorizing the number of Class A common shares to increase from 330 million shares to 10.3 billion shares, and increasing the authorized number of preferred shares from 5 million shares to 1 billion share. Analysts expect approval of the stock authorization plan, which would allow MicroStrategy to potentially have more shares outstanding than all but the top four members of the Nasdaq 100: Nvidia, Apple, Alphabet and Amazon.

January 22 (Wednesday)

[Calamos’ Bitcoin ETF CBOJ with 100% downside protection will be

listed](https://www.chaincatcher.com/article/2160963)

Nate Geraci, President of The ETF Store, said at Restricted.”

It is reported that CBOJ is expected to be listed on CBOE on January 22, 2025. CBOJ will use a combination of options on U.S. Treasuries and the CBOE Bitcoin U.S. ETF Index. This actively managed ETF provides a regulated way to gain exposure to Bitcoin within a risk control framework.

According to previous news , asset management company Calamos submitted an application for a Bitcoin buffer ETF.

[OKX will launch J (Jambo) spot

trading](https://www.chaincatcher.com/article/2161596)

OKX will launch J (Jambo) spot trading, and the J/USDT spot trading will open at 7:00 pm on January 22, 2025 (UTC+8).

[**Red-staking platform Swell will open for applications on January

22**](https://www.swellnetwork.io/post/wavedrop-2-checker)

Re-staking platform Swell announced that the Wavedrop 2 checker is now online, and users are now able to check the rewards they can claim in Wavedrop 2. Swell also said that applications are expected to be opened on January 22, and Wavedrop 1 applications will also be reopened on Swellchain at the same time. It has been temporarily suspended to facilitate migration from the main network.

January 23 (Thursday)

Upbit will delist BTG

According to the official announcement, Upbit announced that it will terminate trading support for BTG at 14:30 local time on January 23, 2025.

[ANIME token will be launched on January

23rd](https://www.chaincatcher.com/article/2163117)

According to official news, ANIME (Animecoin) announced that the token ANIME will be launched on January 23.

January 24 (Friday)

[Kenya’s draft crypto legislation will be open for public comment until

January 24](https://www.chaincatcher.com/article/2162003)

According to Cointelegraph, Kenyan Finance Minister John Mbadi said that the government is working to establish a legal and regulatory framework for cryptocurrencies and has drafted a draft proposal for a “National Policy on Virtual Assets and Virtual Asset Service Providers.” The draft aims to create a fair, competitive and stable market for cryptocurrencies while addressing risks such as money laundering, terrorist financing and consumer protection.

The draft proposes to build a comprehensive legal and regulatory framework to manage virtual asset activities and their service providers (VASPs) and formulate relevant standards and procedures. Its goal is to promote the healthy development of Kenya’s virtual asset market.

The proposal will be open to public feedback until January 24. If approved, Kenya would join countries such as South Africa and Nigeria that have implemented cryptocurrency regulations.

[Coinbase International Station will suspend FTM-PERP trading on January

24th](https://www.chaincatcher.com/article/2161824)

Coinbase International Exchange and Coinbase Advanced will suspend FTM-PERP trading at approximately 10:30 a.m. (UTC) on January 24, 2025.

January 25 (Saturday)

[Four Solana ETF applications will face the SEC’s first review deadline

on January 25](https://www.chaincatcher.com/article/2155077)

According to Bloomberg terminal data, the Solana ETF application submitted by four institutions, including VanEck, 21Shares, Canary and Bitwise, will usher in the SEC’s first review deadline on January 25, 2025.

The 19b-4 applications of these four institutions were officially accepted by the SEC on November 21, 2024. According to the approval process, the SEC needs to make its first decision within 45 days after acceptance, and may choose to approve, deny or postpone.

It is worth noting that Grayscale’s previously submitted Solana Trust Fund conversion ETF application was earlier, and its first review deadline was January 23, 2025. The market generally expects that the SEC may adopt a unified approach to review these Solana ETF applications.

The specific time has not yet been determined

[Jupiter: Airdrops will be available for

redemption](https://www.chaincatcher.com/article/2162780)

Jupiter officially issued a message on .