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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.
- 12:58Standard Chartered Bank: Institutional investors may drive BTC and ETH prices to reach $200,000 and $10,000 respectivelyStandard Chartered Bank's Global Digital Assets Research Director Geoff Kendrick stated that the inflow of institutional investors' funds could drive up the prices of Bitcoin and Ethereum. He predicts that by the end of 2025, the prices of Bitcoin and Ethereum will reach $200,000 and $10,000 respectively. He expects that in 2025, institutional funds flowing into Bitcoin will exceed the level in 2024, with additional funds possibly coming from long-term investment funds such as pension funds. At the same time, he pointed out that the inflow of institutional funds may suppress the strength of smaller coins.
- 12:43Strategist: BTC is well prepared for a significant upward extension to $130,000ChainCatcher news, according to BusinessInsider, LMAX Group market strategist Joel Kruger said: "Technically speaking, after reaching a new historical high this week, Bitcoin is currently consolidating well. Based on our chart analysis, Bitcoin is now ready for the next major upward extension to $130000."
- 12:4121Shares: The new crypto task force set up by the US SEC may expedite the approval of ETFs such as SOL, XRP and DOGEChainCatcher reports that the U.S. Securities and Exchange Commission has announced the establishment of a new cryptocurrency task force, which insiders see as a gateway to updated regulations and more approvals for cryptocurrency funds. Matt Mena, Cryptocurrency Research Strategist at 21Shares, said: "The newly established U.S. Securities and Exchange Commission's cryptocurrency task force led by Commissioner Hester Peirce may accelerate the approval of a wider range of cryptocurrency ETFs including SOL, XRP, LTC, DOT and DOGE."