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Global asset manager and Bitcoin (BTC) spot ETF issuer Franklin Templeton announced on the 12th (local time) via its official X (formerly Twitter) that it has launched the Franklin Mutual Fund (FOBXX) token BENJI based on the Solana (SOL) chain.
The three major indices of the United States stock market are showing a downward trend. The Nasdaq Composite index is trading at 19,522.73 points, down 0.62% from the previous day as of 00:02 on the 13th. The Dow Jones index is down 0.80% at 44,238.01 points, and the S&P 500 index is down 0.73% at 6,024.53 points.
The three major indices of the U.S. stock market closed mixed. The Nasdaq Composite Index recorded a 0.36% decline on the 12th, closing at 19,643.86 points. The Dow Jones Industrial Average rose 0.29% to 44,600.91 points, and the S&P 500 Index closed up 0.07% at 6,070.93 points.
According to Ellinore Terrett, a Fox Business reporter, the United States Securities and Exchange Commission (SEC) and Texas-based cryptocurrency company Lejilex have filed a request with the court to postpone the oral argument scheduled for February 20. Additionally, both parties have requested that all decisions be deferred until April 11. The SEC explained that "changes in leadership and the establishment of a cryptocurrency task force (TF) could potentially impact the resolution of the case." Previously, Lejilex, along with the lobbying group Crypto Freedom Alliance of Texas, filed a complaint against the SEC in February last year, citing abuse of authority over cryptocurrency.
According to crypto-specialized media Decrypt on the 11th (local time), JP Morgan announced in a report that the market capitalization growth rate of publicly listed crypto companies in January outpaced the overall growth rate of the crypto market. In January, the total market capitalization of publicly listed crypto companies tracked by JP Morgan (such as Coinbase, Marathon, Riot) increased by 14%. In contrast, the overall market capitalization of the crypto market during the same period only grew by about 8%. The media analyzed this by stating, "The expectation that a regulatory environment would be established under the administration of U.S. President Donald Trump drove the rise in market capitalization of crypto companies." Furthermore, it explained, "In January, SEC Chairman Gary Gensler resigned, and SAB121, which blocked banks from holding crypto assets, was officially repealed," adding, "Additionally, the SEC established a crypto task force (TF)."
According to Decrypt, a cryptocurrency-focused media outlet, Bitwise, a digital asset management firm and Bitcoin (BTC) spot ETF issuer, has reported that Ethereum (ETH) has entered its most severe undervaluation phase in years. Andre Dragosch, Head of Research at Bitwise Europe, stated, "Ethereum has consistently underperformed Bitcoin since the end of 2022," adding, "We believe Ethereum's price is fundamentally undervalued compared to on-chain activity and adoption metrics." He further explained, "There is growing interest in artificial intelligence (AI), meme coins, and real-world asset (RWA) tokenization. These areas have lower transaction costs, putting the congested and high-fee Ethereum network at a relative disadvantage." Moreover, he predicted, "Ethereum has recorded positive returns against BTC in 7 out of the last 8 years," and suggested that "Ethereum might rebound in February."
According to crypto-specialized media CoinDesk on the 11th (local time), the U.S. Securities and Exchange Commission (SEC) announced that it is seeking feedback on the Solana (SOL) trust of the Canary fund. The media added, "The review of the application has begun," and "Within 21 days, the regulatory body will decide whether to approve, reject, or extend the decision deadline."
Bitcoin (BTC) has temporarily dropped below the $95,000 mark. Meanwhile, BTC is trading at $94,985, down 2.62% from the previous day, as of 04:34 on the 12th in the Binance Tether (USDT) market.
On the 11th (local time), according to Eleanor Terrett, a Fox Business reporter, Jerome Powell, the Chair of the Federal Reserve, attended a Senate Banking Committee hearing and stated, "As long as I am the chair, a Central Bank Digital Currency (CBDC) will never be allowed."
Leading cryptocurrency media Ublockchain reported on the 11th (local time) via X (formerly Twitter) that "Global asset manager and Bitcoin (BTC) spot ETF issuer Franklin Templeton has completed the registration of the 'Franklin Solana (SOL) Trust' entity in Delaware, USA." It continued, "This indicates that they have entered the process of applying for a SOL spot ETF," adding, "Previously, Canary Fund and Grayscale also submitted a 19b-4 form (request for review) related to the Solana ETF to the SEC."
James Seyffart, a Bloomberg ETF specialist analyst, announced on the 11th (local time) via X (formerly Twitter) that the CBOE BZX Exchange, a subsidiary of the Chicago Board Options Exchange (CBOE), has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a yield-stacked exchange-traded fund (ETF) combining U.S. stocks, Bitcoin (BTC), and gold.
Bitcoin (BTC) temporarily surrendered the $96,000 level. Meanwhile, BTC is trading at $95,833.67, down 1.42% from the previous day, based on the Binance Tether (USDT) market as of 03:20 on the 12th.
According to The Block, a cryptocurrency-focused media outlet, SOL Strategies, an investment firm based in Toronto, Canada, has been selected as the official staking service provider for 3iQ's Solana (SOL) staking exchange-traded fund (ETF). Earlier, 3iQ submitted an application for a Solana ETF to Canadian regulators in January.
According to cryptocurrency-focused media outlet Cointelegraph on the 11th (local time), the United States Securities and Exchange Commission (SEC) has requested the court to extend the deadline for responding to Cumberland DRW's motion to dismiss from the original date of February 19th (local time) to March 21st. The SEC has requested the extension, stating that the recently launched cryptocurrency task force (TF) could impact the case. Previously, the SEC had requested a 60-day suspension of the Binance lawsuit, citing that the TF could influence the case.
According to Walter Bloomberg's economic breaking news account on X (formerly Twitter) on the 11th (local time), Jerome Powell, Chair of the Federal Reserve, stated at the Senate Banking Committee hearing that "efforts are being made to support the establishment of a regulatory framework for stablecoins."
According to Eleanor Terrett, a Fox Business reporter, Jerome Powell, the Chair of the Federal Reserve, attended a Senate Banking Committee hearing on the 11th (local time) and stated, "We will work to end de-banking practices, where banks unilaterally freeze accounts related to cryptocurrencies."
According to Cointelegraph, a cryptocurrency-focused media outlet, on the 11th (local time), digital asset manager Charles Edwards predicted that "Bitcoin (BTC) will reach new highs following gold." He explained, "Recently, gold prices have reached all-time highs," and "when comparing the past movements of gold prices and Bitcoin, Bitcoin tended to follow gold's new trend approximately three months later." Furthermore, he added, "Currently, gold is continuously reaching new highs, and BTC is likely to show the same trend." Meanwhile, BTC is trading at $96,960.58, down 0.14% from the previous day, as of 00:46 on the 12th, based on the Binance Tether (USDT) market.
According to The Block, a media outlet specializing in virtual assets (cryptocurrency), Web3 development studio Mirai Labs has raised $4 million in a seed round led by Mechanism Capital on the 11th (local time). The investment round included participation from Oak Grove Ventures, Sophon Capital, Cellini Capital, Bitscale Capital, Manifold, and Rubik Capital. The funds will be used for AI (artificial intelligence) and machine learning development.
Jerome Powell, Chair of the Federal Reserve, stated on the 11th (local time) that "there is no need to rush rate cuts if there is no easing of inflation while the U.S. economy maintains its growth trajectory."
The three major indices of the U.S. stock market are showing a downward trend. The Nasdaq Composite Index is trading at 19,680.23 points, down 0.17% from the previous day as of 12:02 AM on the 12th. The Dow Jones Industrial Average is down 0.18% at 44,391.83 points, and the S&P 500 Index is down 0.18% at 6,055.39 points.
The three major indices of the United States stock market closed with gains. The Nasdaq Composite Index recorded a 0.98% increase, closing at 19,714.27 points on the 11th. The Dow Jones Index rose by 0.36% to 44,461.94 points, and the S&P 500 Index ended the session up 0.67% at 6,066.48 points.
According to The Block, a cryptocurrency-focused media outlet, Maxine Waters, the top Democrat on the U.S. House Financial Services Committee, has unveiled a draft for stablecoin regulation on the 10th (local time). The draft includes content related to regulatory authorities such as the Comptroller, the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and various state regulatory agencies. Additionally, it mandates that each stablecoin issuer holds a minimum 1:1 reserve and meets reporting requirements. This draft is known to reference the model created by Representative Patrick McHenry in the 2023 House Financial Services Committee. Previously, Tennessee Senator Bill Hagerty also introduced a new stablecoin bill called the GENIUS (Guiding and Establishing National Innovation in U.S. Stablecoins) Act.
According to the X (formerly Twitter) account of the cryptocurrency-focused media Watcher Guru, a bill has been proposed in the state of North Carolina, USA, to introduce Bitcoin (BTC) as a strategic reserve asset.
Eleanor Terrett, a Fox Business reporter, stated on the 10th (local time) via X (formerly Twitter) that "there are many questions about the confirmation timing of Paul Atkins, nominated by President Donald Trump as the next Chairman of the U.S. Securities and Exchange Commission (SEC)." She noted, "There are dozens of new administration nominees who need Senate confirmation, and typically, cabinet confirmations are prioritized. Currently, there are nine cabinet positions requiring a vote." She continued, "The hearing for Paul Atkins is expected to be conducted by the U.S. Senate Banking Committee," adding, "The schedule is still undecided, and if it passes the committee, a full Senate vote is likely to follow." Furthermore, she explained, "In the case of Gary Gensler, he was nominated by President Joe Biden in January 2021, and his Senate confirmation was finalized in April. His predecessor, Jay Clayton, was nominated by President Trump in January 2017 and confirmed in May."
Tesla announced through its 10-K report submitted to the U.S. Securities and Exchange Commission (SEC) on the 10th (local time) that its Bitcoin (BTC) holdings increased to 11,509 as of December 31st of last year (local time). Tesla previously held 9,720 BTC, and the additional purchase is estimated to be 1,789 BTC. The report was submitted on January 29th.
Eleanor Terrett, a Fox Business reporter, announced on the 10th (local time) via X (formerly Twitter) that Rodney Hood, Chairman of the National Credit Union Administration (NCUA) Board, is set to be appointed as the Acting Comptroller of the Currency (OCC). She noted that Hood is a pro-cryptocurrency figure and has made favorable statements about it in the past. Previously, Coinbase sent a letter to the OCC, the Federal Reserve (Fed), and the Federal Deposit Insurance Corporation (FDIC) requesting permission for banks to offer cryptocurrency custody and trading services. Terrett explained that "Interpretative Letter 1179 from the OCC is the last official barrier preventing banks from engaging in cryptocurrency custody and related activities without prior approval."
According to The Block, a cryptocurrency-focused media outlet, Eric Council Jr., the suspect who hacked the official X (formerly Twitter) account of the US Securities and Exchange Commission (SEC) last January, has pleaded guilty. He was charged with identity theft and conspiracy to commit device fraud. Previously, Eric Council Jr. hacked the SEC's official X account in January last year and posted a message about the approval of a Bitcoin (BTC) spot exchange-traded fund (ETF), which the SEC clarified as false information due to hacking. A day later, the SEC actually announced the approval of a BTC spot ETF.
The self-custody crypto wallet Trust Wallet (TWT) announced on the 10th (local time) via its official X (formerly Twitter) that it now supports the XRP Ledger network. As a result, holding, depositing, and withdrawing XRP and XRP Ledger assets are now possible on Trust Wallet.
Bitcoin (BTC) temporarily dropped below the $97,000 mark. Meanwhile, as of 00:52 on the 11th, BTC is trading at $96,985 on the Binance Tether (USDT) market, up 0.46% from the previous day.
According to cryptocurrency-focused media Cointelegraph on the 10th (local time), US prosecutors have requested the court to forfeit approximately $50,000 in personal profits made by Eric Council Jr., the suspect who hacked the official X (formerly Twitter) account of the United States Securities and Exchange Commission (SEC) in January last year. Council Jr. hacked the SEC's official X account at the time and posted a message about the approval of a Bitcoin (BTC) spot Exchange Traded Fund (ETF). The SEC explained that the post was false information due to hacking, and announced the approval of the BTC spot ETF a day later. Previously, US authorities arrested Council Jr. in October 2024, and he is reportedly claiming innocence regarding the charges.