Hi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
Bitcoin (BTC) temporarily recovered the $93,000 level. Meanwhile, BTC is trading at $93,134.45, down 0.22% from the previous day, as of 00:22 on the 11th, based on the Binance Tether (USDT) market.
Bitcoin (BTC) temporarily dropped below the $93,000 mark. Meanwhile, BTC is trading at $92,426.06, down 0.53% from the previous day as of 00:15 on the 11th, based on the Binance Tether (USDT) market.
The three major indices of the United States stock market are showing a downward trend. The Nasdaq Composite Index is trading at 19,060.41 points, down 2.15% from the previous session as of 00:06 on the 11th. The Dow Jones Index is down 0.88% at 42,259.03 points, and the S&P 500 Index is recording a 1.62% decline at 5,822.50 points.
Ju Ki-young, CEO of CryptoQuant, expressed on the 9th (local time) via his X (formerly Twitter) that it's regrettable to see the crypto community (CT) getting alarmed by a single whale's move without looking at the overall picture of net inflows and outflows. Meanwhile, Bitcoin (BTC) is trading at $92,133.26, down 1.99% from the previous day, based on the Binance Tether (USDT) market as of 05:58 on the 10th.
According to Unfolded on the 9th (local time), the decentralized exchange (DEX) Uniswap (UNI) protocol's Monthly Base Volume reached an all-time high of $15.65 billion. Meanwhile, UNI is trading at $12.527 on the Binance Tether (USDT) market as of 05:55 on the 10th, down 3.13% from the previous day.
Bitcoin (BTC) temporarily dropped below the $92,000 mark. Meanwhile, BTC is trading at $91,958.71, down 2.41% from the previous day, as of 05:01 on the 10th, based on the Binance Tether (USDT) market.
According to The Block, a cryptocurrency-focused media outlet, JP Morgan has projected in a report that the market share of Euro-based stablecoins will increase due to the European Union's cryptocurrency regulation, MiCA. The report states, "Currently, the market share of Euro-based stablecoins in the overall stablecoin market is only 0.12%. However, MiCA could encourage European banks and financial institutions to adopt Euro stablecoins to meet customer demands and facilitate blockchain-based financial transactions, thereby improving this situation." Additionally, it noted, "Although compliance with MiCA generally incurs higher costs, the long-term impact on the cryptocurrency market could be positive," adding that "this could contribute to attracting institutional investors and encouraging the adoption of Euro stablecoins." Finally, it mentioned that "MiCA could serve as a foundation for the introduction of its own cryptocurrency regulations during the Donald Trump administration in the United States."
According to Crypto Briefing, Leah Wald, the CEO of the Toronto-based investment firm SOL Strategies, stated on the 9th (local time) that "due to regulatory challenges, the approval process for the Solana (SOL) Exchange-Traded Fund (ETF) in the United States is expected to be delayed." She added, "It seems it will take quite a long time. It may take over a year for regulators to understand and educate themselves about the unique characteristics of Solana," noting that "Canada is likely to approve the Solana ETF before the United States. Canada has been leading in ETF innovation."
According to The Block, a cryptocurrency-focused media outlet, Securitize, a platform for real asset tokenization and security tokens, has converted stablecoins into BlackRock BIDL Tokens and is using them as collateral for Bitcoin (BTC) basis trades (a strategy that seeks profit by hedging risk through the price disparity between spot and futures markets), achieving an annual yield of 20%. This basis trade was conducted through Singapore-based cryptocurrency trading firm QCP Capital.
Bitcoin (BTC) has temporarily returned the $93,000 level. Meanwhile, BTC is trading at $92,620.25, down 1.50% from the previous day, based on the Binance Tether (USDT) market as of 03:00 on the 10th.
According to The Block, a cryptocurrency-focused media outlet, Offchain Labs, the developer of Arbitrum (ARB), has hired Ira Auerbach, the former head of digital assets at Nasdaq, as the head of their new business unit, Tandem. Tandem is Offchain Labs' partner studio and is responsible for the venture capital division.
According to Cointelegraph on the 9th (local time), the 0G Foundation, which is developing the decentralized AI operating system Zero Gravity, announced that it has raised $30 million through node sales. Node buyers received Non-Fungible Tokens (NFTs) corresponding to node claims, and node operators can receive up to 15% of the 0G Token distribution over the next three years.
Layer 1 blockchain Aptos (APT) announced on the 9th (local time) via official X (formerly Twitter) that it has integrated Chainlink (LINK) data feeds.
On-chain analysis firm Glassnode stated on the 9th (local time) via its official X (formerly Twitter) that "the purchase price of Bitcoin (BTC) for short-term holders, $88,000, plays an important role in evaluating price momentum." They analyzed, "According to the URPD indicator, there is a lack of trading volume below the short-term holder purchase price. Therefore, if this price range is breached, there is a possibility of further decline." Meanwhile, BTC is trading at $94,158.03, down 0.70% from the previous day, based on the Binance Tether (USDT) market as of 01:45 on the 10th.
On the 9th (local time), The Block, a media outlet specializing in crypto assets, reported, citing a Bitwise survey report, that the proportion of U.S. Financial Advisors who added crypto assets to their clients' portfolios last year was 22%, an increase of 11 percentage points from the previous year. Additionally, 56% of all respondents said that the likelihood of investing in crypto assets this year has increased due to the results of the last U.S. presidential election. The report stated, "The crypto asset industry reached a major turning point in 2024," and explained, "Investors predict that after the Trump Administration took office this year, the adoption and investment in crypto assets will increase exponentially." The survey was conducted with 430 financial advisors.
Bitcoin (BTC) temporarily recovered to the $94,000 level. Meanwhile, BTC is trading at $94,171.73, down 0.91% from the previous day, based on the Binance Tether (USDT) market as of 00:49 on the 10th.
According to Eleanor Terrett of Fox Business on the 9th (local time), Bryan Steil has been confirmed as the chairman of the U.S. House Financial Services Committee's Digital Assets Subcommittee. Bryan Steil is known as a pro-crypto figure.
Bitcoin (BTC) temporarily recovered to the $93,000 level. Meanwhile, BTC is trading at $93,693.81, down 1.45% from the previous day, as of 00:37 on the 10th, based on the Binance Tether (USDT) market.
Bitcoin (BTC) has experienced a sharp decline over the past two days, prompting analysts to warn cryptocurrency traders that "January could be a dangerous month." According to CoinDesk, a cryptocurrency-focused media outlet, analysts have noted that "macro headwinds for risk assets are expected due to the Federal Reserve's hawkish stance, a surge in long-term Treasury yields, entrenched inflation figures, and the potential for a U.S. government shutdown." Additionally, they mentioned that "due to the strong performance of U.S. economic data, such as the ISM Non-Manufacturing Purchasing Managers' Index released on the 7th, investors have lowered their expectations for a rate cut this year." Meanwhile, BTC is trading at $94,246.19, down 2.19% from the previous day, as of 05:02 on the 9th, based on the Binance Tether (USDT) market.
According to the cryptocurrency-focused media outlet CryptoSlate on the 8th (local time), a US court has scheduled the jury trial for Kwon Do-hyung, the former head of Terraform Labs and the main culprit in the Terra and Luna incident, for January 2026. The court plans to hold a pre-trial conference on March 6, 2025 (local time), and related updates must be submitted by February 27. Both parties expect the case to proceed to trial, which is anticipated to last about 4 to 6 weeks. Additionally, this trial is expected to address fundamental issues related to the classification of cryptocurrencies under US law. Previously, US prosecutors unveiled nine indictments against Kwon Do-hyung, charging him with securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. The prosecution stated in the indictment that "Kwon Do-hyung provided false information about the TerraUSD stablecoin in 2021," and that "the growth of Terra and Luna was driven by Kwon Do-hyung's deceptive actions."
On the 8th (local time), according to the minutes of the Federal Open Market Committee (FOMC) meeting in December 2024 released by the Federal Reserve (Fed), the majority of FOMC members supported a 25bp cut in the benchmark interest rate. In contrast, some members supported holding the rate steady due to ongoing inflation risks. While members expected inflation to approach the target of 2%, they projected that the impact of trade and immigration policies under Trump's second-term administration might delay reaching the target longer than anticipated. Additionally, they noted that if future data aligns with expectations, they plan to pursue more neutral policies.
Jacob King, an analyst from the cryptocurrency newsletter WhaleWire, stated on the 8th (local time) via X (formerly Twitter) that "Bitcoin (BTC) whales are quietly selling as the bear market approaches," adding that "super whales started selling last September, and the pace has accelerated over the past two weeks." He further added, "Regular whales are also gradually increasing their selling volume." Jacob King is well-known as a Bitcoin skeptic who has consistently argued that 'Bitcoin is useless.' Meanwhile, BTC is trading at $94,639.39, down 2.19% from the previous day, in the Binance Tether (USDT) market as of 04:25 on the 9th.
According to the crypto-focused media outlet CryptoSlate on the 8th (local time), a Non-Fungible Token (NFT) collection sponsored by U.S. President-elect Donald Trump has launched 'Trump Bitcoin Digital Trading Cards' on the Bitcoin (BTC) network using the Ordinal Protocol. Users who acquired 100 NFT cards from the Mugshot Edition and submitted their BTC wallet can claim the cards through Magic Eden (ME).
According to Cointelegraph on the 8th (local time), Ryan Lee, the chief analyst at Bitget Research, stated, "The recent Bitcoin (BTC) adjustment is due to the potential for a Federal Reserve interest rate hike following positive US economic indicators." He added, "This has reduced the attractiveness of virtual asset investments, and the signal of a tightening monetary policy has further intensified market adjustments." He further analyzed, "The interaction between the virtual asset market and macroeconomic indicators in the coming weeks will have a significant impact on overall market performance and investor choices." Meanwhile, BTC is trading at $93,594.36, down 2.36% from the previous day, based on the Binance Tether (USDT) market as of 03:38 on the 9th.
According to The Block, a cryptocurrency-focused media outlet, on the 8th (local time), Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), said in an interview with Bloomberg TV that "cryptocurrency is full of bad actors." He stated, "Based on what former SEC Chairman Jay Clayton, appointed by President-elect Donald Trump, has done before, we are proud of what we have achieved." He continued, "We still have work to do," emphasizing, "Clayton took 80 enforcement actions in the cryptocurrency sector, and we have continued with about 100 enforcement actions over the past four years. The number of enforcement actions has been steadily maintained." Previously, President-elect Trump had nominated Clayton as the U.S. Attorney for the Southern District of New York (SDNY), and Gary Gensler, SEC Chairman, has announced that he will resign on the 20th (local time).
Bitcoin (BTC) temporarily recovered the $95,000 level. Meanwhile, BTC is trading at $95,067.02, down 2.07% from the previous day, as of 03:29 on the 9th, based on the Binance Tether (USDT) market.
Rostin Behnam, the chairman of the US Commodity Futures Trading Commission (CFTC), who is set to resign on January 20 (local time), stated in a speech that "there is a high possibility that the CFTC will play a more significant role in overseeing virtual asset (cryptocurrency) trading in the future," and "I will continue to support this." According to virtual asset specialist media CoinDesk on the 8th (local time), he said, "During my term, virtual assets have dominated all seasons," and "in the absence of relevant federal laws, concerns about customer protection, increasing cases of fraud and market abuse, broad market resilience, and even financial stability are intensifying." He continued, "We must protect investors who have shown a willingness to add virtual asset products to their portfolios," and "regulatory agencies must protect investors amidst financial innovation and provide legal certainty. I do not prefer an enforcement-centered approach," he added. Meanwhile, this is Rostin Behnam's last official speech before his resignation. His successor has not yet been named.
Bitcoin (BTC) temporarily recovered the $94,000 level. Meanwhile, BTC is trading at $94,158.40, down 3.22% from the previous day, as of 03:01 on the 9th, based on the Binance Tether (USDT) market.
Julio Moreno, the chief analyst at CryptoQuant, stated on the 8th (local time) via X (formerly Twitter) that "as the Bitcoin (BTC) price correction continues, traders' on-chain unrealized profit has plummeted," adding that "this can be seen as a healthy correction process, with the traders' realized price, which corresponds to the current price support level, being $88,000." Meanwhile, BTC is trading at $94,101.85, down 3.28% from the previous day, as of 02:59 on the 9th, based on the Binance Tether (USDT) market.
According to cryptocurrency-focused media CoinDesk on the 8th (local time), as global bond yields are on the rise, cryptocurrency prices may face downward pressure. The media reported, "The U.S. 10-year Treasury yield rose to 4.7% today, nearing its peak, while the U.K. 30-year Treasury yield climbed to 5.35%, the highest since 1998." It continued, "Japan's 10-year Treasury yield also reached 1.18%, the highest in 15 years," explaining that "despite the rise in bond yields, cryptocurrency prices, including Bitcoin (BTC), showed strength until the end of last year, but there is a possibility that cryptocurrency prices may face pressure in the future."