Coinbase CEO: Bitcoin Can Serve as a Great Hedge Against Deficit Spending and Inflation, Providing a Safe Haven for People

Update: On January 22nd, based on HTX market data, Bitcoin fell below $105,000 with a 24-hour fluctuation of 3.04%.

On January 22nd, Matrixport released today's chart report which stated that recently, the funding rate of perpetual contracts has decreased significantly, creating a sharp contrast with the high levels witnessed in November last year (when the funding rate was at an extremely high level). According to historical patterns, this kind of high level usually indicates a short-term market top, followed by a period when the market needs to correct. Generally, this correction phase is accompanied by a decrease in the funding rate and the liquidation of high-leverage long positions. This situation is no exception. As of mid-January, the funding rate had dropped to single-digit levels, a range that is usually related to the continuation of a bull market. However, recently, the funding rate has once again risen to double-digit levels, indicating a resurgence of speculative activity. This upward trend is a positive sign, reflecting an increase in trader confidence and a willingness to pay a highe

January 22, 2025 - By January 17, 2025, according to the reserve data, the total reserve value of Gate.io reached a new high of $10.328 billion, ranking fourth in the world in terms of total reserve value. The total reserve ratio was as high as 128.58%, a 4.67% increase from the previous period. In addition, the excess reserve amount increased to $2.296 billion, with a growth rate of 24.38% and an excess reserve ratio of 28.58%. Regarding major coins, the reserve quantity of BTC reached 20,412 coins, with a reserve ratio of 123.06%. The reserve quantity of ETH reached 257,007 coins, with a reserve ratio of 112.04%. The reserve quantity of USDT reached 910,783,326 coins, with a reserve ratio of 118.60%, a 9.35% increase from the previous period.

On January 22nd, as reported by Reuters, President Trump of the US said that he is receptive to it if Musk desires to acquire the social media app TikTok.

January 22nd. According to an official announcement, Binance is set to launch the VTHOUSDT perpetual contract on January 22, 2025, at 17:30 (UTC+8), offering a leverage of up to 75 times.

On January 22nd, according to Dune Data, since the launch of the Virtuals Protocol ecosystem token buyback plan, the current top five tokens in terms of the buyback amount are as follows: · GAME: 65,106 VIRTUAL tokens have been repurchased; · CONVO: 38,628 VIRTUAL tokens have been repurchased; · AIXBT: 33,072 VIRTUAL tokens have been repurchased; · SEKOIA: 8,396 VIRTUAL tokens have been repurchased; · MISATO: 3,020 VIRTUAL tokens have been repurchased. In previous news, Virtuals Protocol announced that since October 16, 2024, it has cumulatively received 12,990,427.85 VIRTUAL tokens through post-bonding transaction fees. These tokens will be used to repurchase and burn the corresponding proxy tokens based on a 30-day time-weighted average price (TWAP).