Suehyeon Lee

World Liberty Financial (WLFI), a DeFi protocol led by the Trump family, has reportedly made an additional purchase of Ethereum (ETH) this morning. According to Arkham data cited by WuBlockchain on the 20th (local time), World Liberty Financial purchased 4869 ETH (approximately 15.93 million dollars) through the Cow Protocol from 6:40 AM to 7:03 AM (Korean time) today. This is equivalent to about 23.2 billion won. Currently, World Liberty Financial holds a total of 28,630 ETH, which is valued at approximately 92.49 million dollars (135 billion won).

Michael Saylor, chairman of MicroStrategy, has hinted at the company's additional purchase of Bitcoin (BTC). According to Cointelegraph on the 20th (local time), Saylor posted a 'Saylor Tracker' chart tracking MicroStrategy's Bitcoin purchases on his X (formerly Twitter) the previous day. This marks the 11th consecutive week of chart postings, and previously, after posting the chart, there was a move to purchase additional Bitcoin. Meanwhile, MicroStrategy purchased 2,530 BTC (approximately $243 million) on the 13th.

Over the weekend, Bitcoin (BTC), which had been soaring, fell below $103,000. As of 7:10 AM on the 20th, according to CoinMarketCap, Bitcoin is trading at $102,813.32, down 1.03% from the previous day. On the Upbit KRW market, it is trading at 156,075,000 KRW. Meanwhile, major altcoins, including Ethereum (ETH), are also showing a downward trend. Ethereum is down 1.61% from the previous day at $3,224.10 on CoinMarketCap, and Ripple is down 4.31% at $3.07. Additionally, Solana (SOL) is trading at $249.13, down 1.96% from the previous day on CoinMarketCap, and Binance Coin (BNB) is trading at $685.49, down 2.67%.

Google has seen a surge in searches for 'Solana (SOL)' and 'crypto (cryptocurrency) purchase'. According to Cointelegraph on the 20th (local time), the Google Trends search index for 'Solana purchase' and 'crypto purchase' both surged to 100 points. This is analyzed to be due to the official meme coin 'Trump (TRUMP)' being issued on Solana by Donald Trump on the 18th. Additionally, the search index for 'Coinbase' and 'crypto app' is also recorded at 100. Meanwhile, the meme coin Trump (TRUMP), which triggered this surge in search volume, is trading at $41.45 on CoinMarketCap, up 57.47% from the previous day.

It has been revealed that Donald Trump, the President-elect of the United States, announced the launch of his wife Melania Trump's meme coin. On the 20th (local time), Trump was confirmed to have retweeted a post on his official X (formerly Twitter) about the launch of Melania Trump's meme coin, 'Melania (MELANIA)'. Trump also shared the same post on Truth Social. Meanwhile, according to the Kovacei Letter, the official Trump meme coin 'Trump (TRUMP)' plummeted by more than 40% after the news of Melania's meme coin launch was announced.

There is an opinion that the price of Ethereum (ETH) has remained stable for five years, making it similar to a stablecoin. On the 14th (local time), Ju Ki-young, CEO of CryptoQuant, emphasized the situation of Ethereum maintaining a similar price for five years, stating on his X (formerly Twitter), "Ethereum is practically a stablecoin." According to him, Ethereum has maintained $3,160 from May to August 2021, January to April 2022, March to November 2024, and until January 2025. Meanwhile, Ethereum is currently trading at $3,167.71 on CoinMarketCap, down 2.39% from the previous day.

According to the top gainers in Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market) by the AI-based Web3 search platform Kaito, the top five cryptocurrency-related keywords currently attracting the most attention are Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Fartcoin, and CoinMarketCap. Bitcoin drew attention as spot ETFs recorded a net outflow of $284.36 million the previous day. This marks the second consecutive trading day of net outflows, with only BlackRock's IBIT seeing a net inflow of $29.29 million. Fidelity's FBTC experienced the largest net outflow with $113.64 million withdrawn. Currently, Bitcoin is trading at $95,065.66 on CoinMarketCap, up 0.65% from the previous day. Tether gained interest after announcing plans to establish its headquarters in El Salvador. To achieve this, Tether plans to first obtain a Digital Asset Service Provider (DASP) license in El Salvador before relocating its headquarters. Ethereum caught attention as spot ETFs recorded a net outflow of $39.52 million (approximately 57.8 billion KRW) the previous day. This marks the fourth consecutive trading day of net outflows, with only BlackRock's ETHA seeing a net inflow of $12.81 million. Currently, Ethereum is trading at $3,167.43 on CoinMarketCap, down 2.56% from the previous day. The meme coin Fartcoin on Solana is speculated to have increased online mentions due to a sharp rise in price and market capitalization. Currently, Fartcoin is trading at $1.09 on CoinMarketCap, up 42.91% from the previous day, with its market capitalization also rising 42.91% to approximately $1.08 billion. Lastly, Coinbase has attracted attention after achieving a partial victory in its regulatory battle with the U.S. Securities and Exchange Commission (SEC). The court criticized the SEC's decision to deny a request for rulemaking related to crypto regulations as "arbitrary and capricious," ordering a review of the matter. Previously, Coinbase had requested the SEC in 2022 to establish rules clarifying the securities status of digital assets, but the SEC's refusal led Coinbase to take legal action. Additionally, investors are showing interest in USD Coin (USDC), Raydium (RAY), Solana (SOL), Peanut the Squirrel (PNUT), and Dogecoin (DOGE).

The US Ethereum (ETH) Spot ETF experienced a net outflow of funds yesterday, continuing the trend from last week. According to Trader T on the 14th (local time), the US Ethereum Spot ETF recorded a net outflow of $39.52 million (approximately 57.8 billion KRW) yesterday. This marks the fourth consecutive trading day of net outflows. On this day, only BlackRock ETHA recorded a net inflow of $12.81 million. Grayscale ETHE saw a net outflow of $14.49 million, while Grayscale Mini ETH Trust also recorded a net inflow of $37.84 million. There were no net inflows or outflows for the other products.

The US Bitcoin (BTC) spot ETF recorded an outflow of over $200 million yesterday. According to Trader T on the 14th (local time), the US Bitcoin spot ETF saw an outflow of $284.36 million (approximately 416.1 billion KRW) yesterday. This marks the second consecutive trading day of outflows. On this day, only BlackRock IBIT recorded an inflow of $29.29 million, while Fidelity FBTC saw the largest outflow with $113.64 million leaving. Additionally, ARK Invest ARKB recorded an outflow of $92.36 million, Grayscale GBTC $89.01 million, and Bitwise BITB $18.64 million. Other products saw no net inflow or outflow.

Italy's largest bank, Intesa Sanpaolo, has reportedly purchased Bitcoin (BTC). According to Wired, an Italian media outlet cited by Ublockchain on the 14th (local time), Intesa Sanpaolo has acquired 11 BTC, valued at $1.02 million. This purchase marks the first instance of an Italian financial institution directly investing in virtual assets (cryptocurrency), according to the media.

FTX and Alameda Research have been found to have unstaked over $32 million worth of Solana (SOL) this morning and transferred it to multiple addresses. On the 14th (local time), AmberCN reported on its X (formerly Twitter) that "FTX and Alameda Research's Solana staking address unstaked 182,421 SOL (approximately $32.35 million) and transferred it to 20 different addresses." Since November last year, the address has repaid a total of 4,445,000 SOL (approximately $516.88 million), and it is currently understood that 6,470,000 SOL (approximately $1.18 billion) is still staked.

JP Morgan has given a positive assessment of the potential for Exchange Traded Products (ETPs) of Ripple and Solana (SOL). According to CryptoSlate on the 14th (local time), JP Morgan predicted that "Ripple and Solana ETPs could record net inflows of over $15 billion." In this regard, Matthew Sigel, head of digital asset research at VanEck, explained, "The Bitcoin ETP reached an asset size of $108 billion in its first year of trading, and the Ethereum ETP surpassed $12 billion in assets under management (AUM) within six months. Solana has the potential to attract inflows of $3 to $6 billion, while Ripple could see net inflows of $4 to $8 billion." Meanwhile, according to a CoinShares report, Solana ETPs have recorded an AUM of approximately $1.6 billion, while Ripple has recorded an AUM of $910 million.

An analysis has emerged indicating that the selling pressure from long-term holders of Bitcoin (BTC) is showing signs of weakening, which is a positive signal for the market. On the 14th (local time), CryptoQuant author Darkfost reported, "When the Bitcoin price peaked at $97,000 on December 5, the net position change of long-term holders fell to -827,000 BTC. However, it has now recovered to -246,000 BTC. This means that the selling pressure from long-term holders has decreased to one-third of what it was over the past month." The author added, "The weakening of selling pressure from long-term holders is a positive signal for the overall market. However, for the market to fully transition into a bullish phase, the net position change of long-term holders needs to return to an accumulation phase."

Michael Saylor, chairman of MicroStrategy, argued that companies should follow Bitcoin (BTC) investment strategies. According to Bloomberg on the 14th (local time), Saylor stated at the global investment conference, the 2025 ICR Conference, "Traditional bonds like government bonds are toxic. Companies should turn their attention to Bitcoin investments." He continued, "Currently, companies like Microsoft and NVIDIA are not following Bitcoin investment strategies. However, they should embrace the future and implement Bitcoin investment strategies. By doing so, they can gain wealth," he emphasized. Meanwhile, Saylor's MicroStrategy purchased an additional 2,530 BTC the previous day, marking the 10th consecutive week of Bitcoin acquisitions. It is currently understood that MicroStrategy holds approximately 45 BTC (worth $42.5 billion).

The US Ethereum (ETH) spot ETF recorded a net outflow of nearly $200 million last week (January 6th to January 10th). According to Sosovalue data cited by Wublockchain on the 13th (local time), the US Ethereum spot ETF saw a net outflow of $186 million (approximately 273.6 billion KRW) last week. Specifically, only BlackRock ETHA recorded a weekly net inflow of $124 million, while Fidelity FETH showed a weekly net outflow of $276 million.

According to the top gainers on the Token Mindshare by the AI-based Web3 search platform Kaito, the top five cryptocurrency-related keywords that people are most interested in as of the 13th are AnimeCoin (ANIME), Hyperliquid, Arbitrum (ARB), Kaito, and Pudgy Penguins (PENGU). AnimeCoin, the native token of the famous NFT project Azuki, has recently announced its launch, drawing attention. AnimeCoin is set to be launched on the Ethereum (ETH) mainnet and Arbitrum. Hyperliquid, a decentralized perpetual futures exchange (DEX), has attracted attention by clarifying some misunderstandings surrounding validators. Hyperliquid recently addressed the controversy regarding mainnet validator selection, stating, "All validators qualified based on testnet contributions, and there is no way to buy validator qualifications." Arbitrum is gaining interest today as AnimeCoin is known to be launching on the Ethereum mainnet and Arbitrum. Consequently, Arbitrum reportedly changed its official X profile picture to Azuki. Currently, Arbitrum is trading at $0.7197 on CoinMarketCap, down 3.17% from the previous day. Additionally, Kaito is also speculated to have increased online mentions due to its collaboration with AnimeCoin. Pudgy Penguins has gained attention as its parent company Igloo announced the launch of the Layer 2 chain, Abstract, within this month. Currently, Pudgy Penguins is trading at $0.03131 on CoinMarketCap, down 4.61% from the previous day. Investors are also showing interest in UFD, Soulgraph, ANON, REKT, and Aptos (APT).

It is predicted that the Bitcoin (BTC) spot ETF will surpass the gold ETF in terms of asset size under the second Trump administration. According to WuBlockchain on the 12th (local time), Nate Geraci, CEO of ETF Store, predicted that "the asset size of the Bitcoin spot ETF will surpass that of the gold ETF under the second Trump administration." He also speculated on the listing of over 50 cryptocurrency-related ETFs and the approval of Solana (SOL) and Ripple spot ETFs during the Trump administration.

Bitcoin (BTC) network activity has reached its lowest level since last November. On the 13th (local time), cryptocurrency analyst Ali Martinez reported on his X (formerly Twitter) that "Bitcoin network activity has fallen to its lowest level since November 2024," adding that "the number of active addresses is only 667,100." Meanwhile, Bitcoin is currently trading at $94,390.88 on CoinMarketCap, down 0.08% from the previous day.

Ethereum (ETH) is showing signs of open interest recovery, leading to analysis that its price may rebound. On the 12th (local time), CryptoQuant author ShayanBTC stated, "Ethereum has reached the important support level of $3000, and the open interest indicator is showing signs of recovery. The noticeable rise in this indicator suggests that market participants are buying in anticipation of a price rebound." The author continued, "If the same open interest recovery trend continues, it could indicate a strong rebound possibility at the $3000 support level with sustained demand. On the other hand, if the current recovery trend loses momentum or declines again, it could lead to a larger price correction."

The US Bitcoin (BTC) spot ETF recorded over $300 million in net inflows last week (January 6th to January 10th). According to Trader T on the 13th (local time), the US Bitcoin spot ETF saw net inflows of $304 million (approximately 441 billion KRW) last week. The trading volume was reported to be $15 billion. Last week, BlackRock IBIT experienced net inflows of $488 million (approximately 717.3 billion KRW), while Fidelity FBTC recorded net inflows of $42 million (approximately 61.7 billion KRW). On the other hand, ARK Invest ARKB saw net outflows of $202 million last week.