KULR Once Again Increases Its Bitcoin Holdings, Reaching a Total of 510 Coins with a Value of $8 Million

On January 22nd, according to ChainInfo, a whale that has been engaged in trading WBTC purchased 40.66 WBTC and spent 42.43 million USDT last night. It then sold out these WBTC 3 hours ago. The whale entered the trade at an average price of $104,366 and exited at an average price of $106,060, thereby making a profit of $680,000. This whale has traded WBTC a total of 5 times within 4 months and achieved a 100% success rate, accumulating a total profit of $19.62 million.

On January 22nd, as per The Wall Street Journal, Brian Armstrong, the CEO of Coinbase Global, stated during an interview in Davos, Switzerland, that if the new U.S. legislation mandates it, Coinbase will remove the USDT stablecoin from its U.S. cryptocurrency exchange.

On January 22nd, as per Bloomberg, Jeremy Allaire, the CEO of Circle, stated that the regulation of stablecoins is a top priority, and he anticipates seeing an executive order on cryptocurrencies soon. He also pointed out that the selection of Mark Uyeda as the Acting Chair of the SEC is an extremely excellent choice.

January 22nd. As per the website of the U.S. Department of Justice, the cryptocurrency market maker CLS Global has reached an agreement to settle criminal charges tied to its fraudulent manipulation of cryptocurrency trading volume. In the context of the criminal resolution, CLS Global will acknowledge the charges detailed in an indictment presented by a Boston federal grand jury in September 2024. These charges encompass one count of conspiracy to commit market manipulation and telecommunication fraud, as well as one count of telecommunication fraud. Provided that the court approves its plea, CLS Global will also fork over a total of $428,059 to the U.S. government, which includes seized cryptocurrency and fines. Additionally, it will be barred from participating in the U.S. cryptocurrency market. CLS Global is a company registered in the UAE and has over 50 employees. All of these employees are based outside the U.S. while providing cryptocurrency-related services to U.S. investors

On January 22nd, as reported by The Block, the Singapore-based digital asset exchange Crypto.com has launched its new platform, Crypto.com Exchange, in the United States, providing institutional-grade trading services. The Crypto.com Exchange offers users access to more than 300 cryptocurrencies and 480 trading pairs, complementing the existing retail-focused Crypto.com App for U.S. customers.

On January 22nd, as reported by Bloomberg, Kara Calvert, the head of Coinbase's US policy, expressed that she had "absolutely no concerns" about Trump not mentioning cryptocurrency in his inauguration speech. Moreover, after Trump launched his own Meme coin, she indicated that Coinbase would maintain a "neutral" stance when evaluating new listings.