Glassnode: Capital Inflows Slow Down After Bitcoin Breaks $100,000

On January 22nd, according to on-chain data, the USDC Treasury minted an extra 250 million USDC on Solana 8 minutes ago.

On January 22nd: At the Davos World Economic Forum, Brian Armstrong, the CEO of Coinbase, stated that his recognition of TRUMP's "explosive" behavior would not pose a hindrance to Bitcoin's strategic reserve. He did not believe that it had damaged any aspect of Bitcoin's strategic reserve. The efforts made by the crypto community remained effective. U.S. Senator Cynthia Lummis is also advocating this idea to make it a reality.

On January 22nd, Coindesk analyst James Van Straten pointed out that according to Glassnode data, the Hash Price indicator has reached 62 PH/s, and historically, this is a bullish signal. It is reported that the Hash Price is an indicator created by Luxor to assess mining profitability. For the majority of 2024, mining revenue was below the 365-day moving average (SMA). It was not until November that it returned to this moving average. Bitwise Europe's research director Andre Dragosch also stated that the miners' situation is healthier than that of last year. He noticed a recent decline in the Bitcoin network hash rate since the historical highs in early January. Meanwhile, the price of Bitcoin has been on the rise, and the overall transaction volume has rebounded. This has led to a recovery in the hash price. Technically speaking, this should encourage miners to continue increasing the hash rate. Overall, looking at the continuous increase in Bitcoin miner holdings since the beginni

On January 22nd, Bloomberg ETF analyst Eric Balchunas posted on social media regarding the "Rex filing for a DOGE ETF and TRUMP ETF" incident and stated that both of these ETFs are applications made under the 1940 Act. So (in theory, if not rejected), they potentially could be listed in early April (75 days after the filing). It is reported that Eric Balchunas is referring to the 1940 Act, which regulates asset management and derivative products portfolios. Applications filed under this act also enjoy a streamlined 75-day review process. By using this process, the DOGE and TRUMP ETFs can be listed ahead of other filings (such as XRP and Solana ETFs), which need to go through a cumbersome 240-day review process under the 19b-4 filing rule.

On January 22nd, according to official channels, Bybit is going to launch Jambo (J) perpetual contract trading.

January 22nd. It is reported by the well-known media outlet AXIOS that during just eight hours on Inauguration Day, Trump and Biden significantly enlarged the enormous public and private power of the presidency to levels that were once unimaginable. Although presidents have always had the capacity to pardon, bestow favors, or safeguard friends, family, and allies, no one has ever done so to such an extensive, blatant, and rapid extent as they did. And the public seems unconcerned. (Both individuals pardoned a series of controversial figures before leaving office and taking office respectively.) AXIOS stated that Trump recently tested the new boundaries of presidential power by launching a meme coin called "TRUMP", which made him a cryptocurrency billionaire just two days before the inauguration. Industry insiders are worried that TRUMP and the hastily launched MELANIA meme coin could undermine the credibility that the industry has been working hard to establish over the