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$7.2 billion worth of crypto will be unlocked in the first month of this year, potentially creating market volatility
Quick Take During a Bloomberg TV interview on Wednesday, SEC Chair Gary Gensler repeated his assertion that crypto is “rife with bad actors.” He also drew comparisons to former president Donald Trump-appointed Chair Jay Clayton.
Quick Take Pump.science’s longevity experiments on laboratory mice will involve giving the animal subjects potentially “life extending compounds” and then testing their physical endurance. Using video of the mice trying to stay on a rotating rod and provided data, people will be able to wager the mice’s performance on the Solana-based, prediction platform Hedgehog Markets.
Quick Take CFTC Chair Rostin Behnam made his last public speech on Wednesday at a Brookings Institution event in Washington, D.C., repeating his call for Congress to fill a gap in crypto regulation. Behnam said the legislation would take time, noting a new presidential administration and new makeup in Congress.
Quick Take The criminal trial of Terraform Labs founder Do Kwon has been tentatively scheduled for late January of next year. Kwon, who pleaded not guilty, could face up to 130 years in prison if convicted of the nine charges related to the collapse of his failed TerraUST stablecoin.
Quick Take The U.S. entities’ bitcoin reserves share over non-U.S. entities reached a ratio of 1.65 as of Jan. 6, according to CryptoQuant data. The share of bitcoin reserves held by U.S. entities soared between last September and December, during which Donald Trump was reelected as U.S. President.
- 02:10"Insider" ETH and BTC Short Positions Have Generated Over $3.23 Million in Unrealized ProfitsAccording to Jinse Finance, on-chain analyst Ai Yi (@ai 9684xtpa) has monitored that a trader known as the "insider veteran" currently holds a total of $250 million in cryptocurrency short positions, with unrealized profits exceeding $3.23 million. Last night and again at 5:12 a.m., this trader increased their positions by adding 294.14 BTC and 9,414.14 ETH. The current holdings include a 40x leveraged short position of 1,414.14 BTC (valued at $150 million, with an entry price of $106,697.3) and a 25x leveraged short position of 41,414.14 ETH (valued at $99.8 million, with an entry price of $2,575.6).
- 01:59Hong Kong-listed company Deli Holdings signs Memorandum of Understanding with Asseto Fintech Limited to promote compliant applications of stablecoins and DeFiAccording to ChainCatcher, Hong Kong-listed company Deren Holdings announced that it has signed a memorandum of understanding with RWA tokenization fintech company Asseto Fintech Limited. The two parties will collaborate to advance the application of compliant digital asset products and services, including stablecoins and decentralized finance (DeFi) integration. The scope of cooperation also includes jointly launching a compliant multi-asset strategy fund, applying for stablecoin-related licenses, and exploring the potential of tokenized fund shares as a source of stablecoin yield.
- 01:53Hong Kong-listed company Deyin Holdings to establish multi-asset strategy fund and plans to apply for Hong Kong stablecoin licenseOdaily Planet Daily reports that Hong Kong-listed company Deyin Holdings has issued an announcement stating it has signed a memorandum of understanding with RWA tokenization fintech company Asseto Fintech Limited. The partnership aims to promote the adoption of compliant digital asset products and services, including stablecoin applications and decentralized finance (DeFi) integration. The two parties will also jointly launch a compliant multi-asset strategy fund, plan to apply for stablecoin-related licenses, and explore the use of tokenized fund shares as a source of stablecoin yield. (Hong Kong Economic Times)