Important information last night and this morning (January 22-January 23)
Reprinted from panewslab
01/23/2025·3M
Harry Jung will lead the U.S. CFTC’s work related to cryptocurrency, DeFi and digital assets
According to the official website of the U.S. Commodity Futures Trading Commission (CFTC), CFTC Acting Chairman Caroline D. Pham announced today CFTC leadership changes. In addition to serving as Acting Chairman Pham’s chief advisor, Harry Jung will also lead the CFTC in cryptocurrency, DeFi and other digital Related work in the asset field. He will build on his previous experience as a designated federal official on the CFTC’s Global Markets Advisory Committee to further advance development in these areas. According to reports, Harry joined the CFTC in 2023 and served as an advisor and senior policy advisor to then Commissioner Pham. Prior to joining the CFTC, Harry served in the Office of the CEO and the Office of the Chief Administrative Officer (CAO) at Citigroup.
U.S. appeals court overturns Tornado Cash sanctions ruling, remanding case for retrial
According to Bitcoin Magazine, the U.S. Court of Appeals for the Fifth Circuit overturned the Texas District Court’s ruling on Tornado Cash sanctions and sent the case back to the original court for retrial.
U.S. House Democrats call for ethics investigation into Trump's encryption projects
According to Cointelegraph, U.S. Rep. Gerald Connolly, a Virginia Democrat, called on the U.S. House Oversight and Government Reform Committee to investigate whether President Trump’s cryptocurrency career conflicts with his presidential duties. Connolly said in a January 21 letter to James Comer, the committee’s Republican chairman, that Trump may have profited from his World Liberty Financial (WLFI) platform and the meme coin TRUMP, which may violate ethical standards and bring national security Risk; Trump’s WLF platform is “particularly troubling” because its largest investor — Tron founder Justin Sun — is a foreign entrepreneur and the U.S. Securities and Exchange Commission (SEC) has charged him with securities fraud . He added that such financial "entanglements" raise "serious national security concerns" that foreign powers could influence U.S. policy. "If such conduct is allowed to continue unchecked, it would send a signal to the American people that oversight committees are unwilling or unable to enforce the standards they claim to uphold," Connolly wrote, adding that without the committee's intervention, the agency would Trump is unlikely to comply with "any of the provisions" of the Presidential Ethics Reform Act. The law requires financial disclosures and conflict-of-interest checks, among other things.
New Kansas bill would invest state public employee retirement funds in Bitcoin ETFs
According to Bitcoin Magazine, Kansas Senator Bowser proposed Senate Bill 34, which aims to invest public employee retirement funds in Bitcoin ETFs. According to the text of the bill, the bill intends to authorize the Kansas Public Employees Retirement System (KPERS) Trust Board to invest up to 10% of the funds in the Kansas Public Employees Retirement Fund in Bitcoin ETF products.
U.S. Marshals Sold 144,000 Ross Ulbricht’s Confiscated Bitcoins for $334 Each
According to Fortune Magazine, although Silk Road founder Ross Ulbricht has regained his freedom, his lost wealth cannot be recovered. In 2013, the FBI seized 144,000 Bitcoins held by Ulbricht, and the U.S. Marshals Service arranged a series of auctions in 2014 to sell more than 144,000 Bitcoins belonging to Ulbricht. Due to poor timing, Marshals sold these Bitcoins in early 2014, when the price of Bitcoin dropped from over $1,000 to modern lows near $300. Today, 144,000 Bitcoins are worth about $14 billion, but at the time only slightly more than $48 million were sold, equivalent to about $334 each — less than 0.5% of their current value. Ulbricht launched a legal challenge to the seizure but ultimately gave up in 2017, giving up any claim to the bitcoins. One of the biggest beneficiaries of the auction was venture capitalist Tim Draper, who snapped up around 30,000 Bitcoins. Meanwhile, the U.S. Department of Justice has since pursued other crypto forfeiture cases related to Silk Road, including seizing and selling Bitcoin stolen by corrupt federal agents during the original investigation, and obtaining a court order this month. Selling thousands of Bitcoins the agency seized from an anonymous hacker who also robbed Ulbricht.
Trump-appointed U.S. Health Secretary John F. Kennedy Jr. holds at least $1 million in Bitcoin
Bloomberg reports that Robert F. Kennedy Jr., Trump’s appointee for the U.S. Department of Health and Human Services Secretary, holds assets worth between $6.9 million and Between US$29.5 million. Under his ethics agreement, he holds at least $1 million in Bitcoin, his most valuable asset, which he has no plans to sell. Trump has promised a friendlier regulatory environment for cryptocurrencies than former President Joe Biden's administration.
Binance HODLer Airdrop Lists Animecoin (ANIME)
According to Binance’s announcement, Animecoin (ANIME) will join the HODLer Airdrops program as the sixth project. Users who subscribe BNB to the Simple Earn product between 00:00 on January 17, 2025 and 23:59 on January 21, 2025 (UTC) will be eligible to receive ANIME airdrop rewards. The total amount of this airdrop is 500 million ANIME, accounting for 5% of the total token supply. ANIME will be listed on Binance at 22:00 on January 23, 2025 (Eastern Eighth District time), and trading pairs with USDT, USDC, BNB, FDUSD and TRY will be open. The initial circulating supply of ANIME is 55.39%. ANIME smart contracts are deployed on Ethereum and Arbitrum chains.
Coinbase will list Toshi (TOSHI)
Coinbase Assets announced on the X platform that Coinbase will add support for Toshi (TOSHI) on the Base network. Do not send this asset over other networks or you may risk losing your funds. If liquidity conditions are met, trading will begin on or after 9:00 a.m. Pacific time on January 23 (1:00 a.m. on January 24, Beijing time). Once there is sufficient supply of the asset, trading on the TOSHI-USD trading pair will begin in phases.
Binance.US will list Official Trump (TRUMP)
According to the official announcement, Binance.US will list Official Trump (TRUMP). TRUMP deposits are now open on Binance.US, and trading on the TRUMP/USDT pair will begin at 6 a.m. ET on January 23 (19:00 Beijing time on January 23).
Animecoin, the animation project jointly launched by Arbitrum and Azuki, has been launched on the ANIME airdrop inspection page. The airdrop will be open for application at 9 pm Beijing time today. According to the previously released ANIME token economics, the total supply of ANIME is 10 billion and the initial circulation is 7.69 billion. 37.5% of the tokens will be allocated to the Azuki community, 13% will be used for AnimeDAO, 24.44% will be allocated to the Animecoin Foundation, 2% will be allocated to the cooperative community, 15.62% will be allocated to the team and consultants, and 7.44% will be used for Azuki company.
AngelList and CoinList team up to launch new way to help crypto startups raise capital
According to Techcrunch, equity financing platform AngelList and token issuance and financing platform CoinList are joining forces to launch a way to help crypto-exclusive founders raise funds using cryptocurrencies. They will cooperate to launch crypto special purpose vehicles (SPVs) and crypto rolls. -up vectors (RUVs). The partnership will provide users with a way to “raise funds in a consortium format and cryptographically manage investments in crypto startups.” AngelList said users will be able to fund cryptocurrency SPVs in the form of stablecoins – currently with a fee of zero dollars. Raghav Gulati, CEO of CoinList, said: “Investors can invest using USDC, which is more convenient for cryptocurrency investors who do not operate through banks.” Tokens can be allocated to LPs in physical form and are compatible with “many non-U.S. Token issuers and investors” compatible. The companies said integration with CoinList software is “coming soon.” RUVs are designed to collect investments raised by founders in specific rounds. The advantage, the companies say, is that startups don't have to worry about "managing compliance issues for numerous stakeholders" at an early stage. Gulati said: “Cryptocurrency startups often want to attract many angel investors. With RUVs, dozens of angel investors who need to sign documents, send money, and receive proper reporting on an ongoing basis can do this through AngelList Crypto RUVs.”
The decentralized stablecoin protocol Frax Finance community has launched a new proposal to authorize an initial investment of $5 million in the Trump family crypto project World Liberty Financial (WLFI), positioning FRAX as part of the WLFI ecosystem, plus Follow-on investments can be up to $10 million, depending on the success of the partnership.
Cathie Wood, CEO and chief investment officer of ARK Invest, said in an interview with Bloomberg TV: “We don’t know whether President Trump’s meme coin will have much utility, but Trump is “leading the next phase of the cryptocurrency revolution” . ” In addition, Bloomberg analyst Eric Balchunas posted on the , but she doesn’t think it’s something terrible, thinking it is part of a new stage that is ushering in and will have certain practicality in the future. "
Lido Lianchuang clarifies: Ethereum’s “second foundation” has not yet been established
According to The Block, Konstantin, co-founder of the liquid staking protocol Lido, responded to rumors that the Ethereum Foundation will spin off a new organization "Second Foundation" Lomashuk issued a statement saying: "In fact, the second foundation has not yet been established." He continued: "Ethereum is the ultimate world computer, and every Ethereum enthusiast can help it grow, evolve and succeed. If a second foundation is indeed established, it must have a clear goal to complement the tremendous work of current contributors. I appreciate everyone’s support and think we need more organizations to contribute to Ethereum.” Lomashuk's statement comes after he participated in "Second Foundation" related posts, leading some to believe he was behind the launch of the new organization. Given the strong response from the community, some believe that the "second foundation" may be related to the "major changes" promised by Ethereum founder Vitalik Buterin to bring to the Ethereum Foundation. Previous news, on January 18, Vitalik said that after the Ethereum Foundation was criticized for its lack of participation in the Ethereum ecosystem, the foundation’s leadership structure, communication with the network developer community, and support for them, etc. There will be "major changes".
Bitwise applied to the US state of Delaware to register a Dogecoin-related ETF
According to the official website of the Delaware Department of State, Bitwise has submitted documents to the state of Delaware to apply for registration of the Bitwise Dogecoin ETF. The establishment date is January 22, 2025, and the registered agent is CSC DELAWARE TRUST COMPANY. Bloomberg ETF analyst James Seyffart said: "Note: This is just a trust registration, it is still not a formal ETF document submitted to the SEC. At least not yet."
CoinShares applied to the U.S. state of Delaware last month to register a Dogecoin-related ETF
According to Bloomberg ETF analyst James Seyffart, CoinShares submitted documents to the state of Delaware in December last year to apply for registration of the COINSHARES DOGE ETF.
CME website hints that XRP, SOL futures will debut in February
According to Cointelegraph, the website of the Chicago Mercantile Exchange (CME) hints at the launch of SOL and XRP futures contracts. These contracts may be launched as early as February 10, but are subject to regulatory review. According to information from the website (which has since been deleted), contracts for both assets will be available in standard and micro sizes, with the standard SOL contract having a size of 500 SOL and the micro contract size being 25 SOL. The standard size XRP futures contract size is 50,000 XRP, while the micro futures contract size is 2,500 XRP. All XRP and SOL contracts will be settled in US dollars.
According to French media @LeFildInfo’s disclosure on the Currently, the French police and the National Gendarmerie Special Service (GIGN) have launched an investigation in the Viezon area. Focus on Eric's estate in Méreau. Local media reported that a large number of gendarmes appeared in Méreau on January 21. A house was sealed off and intensively inspected by investigators. Neighbors were also asked if they had noticed anything suspicious. Currently, French officials remain silent on the matter, and the progress of the case has yet to be further disclosed.
NYSE executive: More crypto companies expected to IPO
New York Stock Exchange executive Chris Taylor said that encryption companies are increasingly interested in public listings, and more encryption companies are expected to conduct IPOs.
Michael Saylor: MicroStrategy created approximately $642.6 million in shareholder value last week
According to Michael Saylor's tweet, MicroStrategy added 6,120 BTC through Bitcoin treasury operations last week, achieving a return rate of 1.36%, based on the 450,000 BTC it holds. This is equivalent to a value of approximately $642.6 million for the company at the current price of approximately $105,000/BTC, reflecting its commitment to maximizing shareholder returns.
Jupiter DAO: Jupuary airdrop claims are now online for three months
Jupiter DAO tweeted that the application for Jupuary airdrop is now online and the event will last for three months. If a user is labeled a witch, they can submit a complaint after January 27. If users have problems creating their Jupuary profile, they can try again later.
According to Bloomberg, Ethereum founder Vitalik Buterin and the Ethereum Foundation he created are fully backing a new startup that hopes to make Ethereum the best cryptocurrency on Wall Street. The company, called Etherealize, was founded by Vivek Raman, a former bond trader at Nomura Holdings Inc. and UBS Group AG, and has received investments from Buterin and the Ethereum Foundation. Although Buterin's organization confirmed the investment, neither party disclosed the exact amount. Raman said he and a team of eight full-time employees started operations in New York this month and are promoting Ethereum to financial firms while developing products to make it easier for banks to use the Ethereum network.
SOON raises $22 million through NFT sales, Hack VC leads investment
According to The Block, the Ethereum Layer 2 project SOON (Solana Optimistic Network) raised $22 million through an NFT sale called "COMMing SOON" before the launch of the mainnet. SOON uses Solana Virtual Machine (SVM) as the core execution layer, uses a parallel processing model to improve transaction settlement efficiency, and forms a differentiated competitive advantage with the traditional Ethereum Virtual Machine (EVM) sequential processing model. The financing was led by Hack VC, with support from ABCDE, Hypersphere, SNZ Capital and other institutions, and was endorsed by well-known figures in the Solana ecosystem. SOON also plans to expand to other blockchains beyond Ethereum through its "decoupled SVM architecture" and allocate 51% of network tokens to the community to promote ecological development. As of now, its test bridge has over 11,000 ETH (approximately $36 million) locked.
The Trump family’s DeFi project WLFI used 9.84 million USDC to purchase another 94.9 WBTC
According to on-chain analyst Ember Monitoring, in the past 25 minutes, World Liberty Financial (WLFI), a DeFi project backed by the Trump family, used 9.84 million USDC to purchase an additional 94.9 WBTC. So far, WLFI has spent a total of 232 million funds to purchase 7 tokens, and now has a floating loss of US$8.9 million. Only TRX has a floating profit.
Base chain’s single-day DEX trading volume hits a record high of US$2.9 billion
Blockworks Research analyst Dan Smith tweeted that the Base Chain decentralized exchange (DEX) transaction volume hit a record high of US$2.9 billion yesterday, of which ETH-USD transaction volume reached US$1.3 billion, also a record high. At the same time, ETH-cbBTC and BTC-USD trading volumes are also close to all-time highs.
A giant whale used 43.12 million USDT to purchase 414.7 WBTC again
PANews reported on January 23 that according to on-chain analyst Ember Monitoring, the whale, which earned $19.62 million through five purchases and sales of WBTC, re-purchased WBTC 8 hours ago: 414.7 WBTC were purchased using 43.12 million USDT, both of which were Priced at $104,000.
According to Lookonchain statistics, on January 22, Bitcoin ETFs had a net inflow of 6,719 BTC (approximately US$701 million), of which BlackRock’s iShares Bitcoin ETF had an inflow of 6,208 BTC (approximately US$648 million), with current holdings reaching 569,343 BTC (approximately US$701 million). 59.4 billion U.S. dollars). The Ethereum ETF had a net inflow of 18,108 ETH (approximately US$59.59 million), of which BlackRock’s iShares Ethereum ETF had an inflow of 16,959 ETH (approximately US$55.81 million), with the total current holding value being approximately US$3.87 billion.
Coinbase Director Discovers 430 Bitcoin Wallets Linked to Ross Ulbricht Now Worth $47 Million
Conor Grogan, director of product strategy and business operations at Coinbase, tweeted that he found approximately 430 Bitcoins distributed in multiple wallets related to Ross Ulbricht. These Bitcoins have not been confiscated by the U.S. government and have not been touched for more than 13 years. These wallets may have been just "dust wallets" at the time, but today their total value reaches approximately $47 million. He also teased that he was not sure whether Ross still kept the private keys to these wallets, and reminded him not to forget to check the (BCH) airdrop rewards.
jinse