ABCDE BTC Demo Day Season 2, projects including BTC Layer 2, Statechain, BTC Staking, DA, Liquidity Layer, Launchpad.
On January 31st, 2024, ABCDE’s second Demo Day is scheduled, welcoming over 80 investors. These 8 projects, carefully selected from various sectors including Layer 2, Statechain, Staking, DA, Liquidity Layer, Launchpad, etc., showcase the diversity and innovation in our field.
BTC falls below $42,500
The market shows BTC has fallen below $42,500, currently at $42,485.5, with a daily decline of 2.2%. The market is fluctuating greatly, please be prepared for risk control.
Hong Kong Legislative Council Member: Hong Kong’s first Bitcoin Summit is expected to drive HK$200 million in economic benefits
Hong Kong legislator Wu Chi-wai stated that the financial technology summit Bitcoin Forum will be held in Hong Kong in May, marking the conference's first appearance in Asia. The event is expected to generate a consumption economic benefit of HKD 200 million. Wu Chi-wai also suggested that the Hong Kong government should accelerate the development of Web 3.0, as many cities around the world are competing for the central hub position. This year's Bitcoin Forum proves that Hong Kong's Web 3.0 and virtual asset policies have gradually attracted international attention and participation.
Glassnode Founders: $1 Billion in Short Liquidations Could Trigger Bitcoin Rally
According to the co-founders of Glassnode, Bitcoin's recent surge could lead to a short squeeze and trigger a larger rally. The surge in Bitcoin's price has provided liquidity for long positions and is moving to fill the liquidity gap above $42,000, potentially causing volatility. The founders also suggest that Bitcoin may be printing a classic descending wedge pattern, which could indicate a potential bullish reversal. As of writing, Bitcoin is trading at $43,436.
Digesting the GBTC Overhang
The Bitcoin market continues to show resilience, recovering from the initial sell-the-news drawdown following ETF approvals. In particular, the market is working through the significant supply overhead created by investors rebalancing capital out of the GBTC product since its conversion.
German police seize $2.17 billion worth of Bitcoin in piracy operation
German police temporarily seized 50,000 bitcoins worth $2.17 billion in a piracy law enforcement operation. This operation is reportedly the largest cryptocurrency seizure in the country's history. One of the two suspects voluntarily transferred the bitcoins to the Federal Criminal Police Office (BKA) in Germany. There are no formal charges against the suspects yet, but investigations into subsequent money laundering activities are still ongoing.
Data: It is expected that 14,800 BTC will be transferred to various ETFs when the US stock market opens today, with net inflows for two consecutive days.
Based on the inflow/outflow of funds for BTC spot ETF on January 29th, it is expected that approximately 14,800 BTC (about 638.8 million US dollars) will be transferred to various ETF custody addresses after the opening of the U.S. stock market today, including:- GrayScale GBTC custody address will have an outflow of about 4,441 BTC;<br>- The remaining nine ETF custody addresses will have an inflow of about 10,359 BTC;<br>- The overall net inflow is about 5,918 BTC. Funds have been continuously flowing in for 2 days.
IntoTheBlock: Crypto whales have accumulated $3 billion worth of Bitcoin this month
According to data tracked by IntoTheBlock, cryptocurrency whales or large investors have accumulated $3 billion worth of Bitcoin this month. The amount of Bitcoin held in wallets with over 1,000 BTC has increased by about 76,000 BTC, reaching nearly 78 million BTC. Although the net inflow of Bitcoin ETF is $820 million, the capital inflow of Bitcoin whales has increased by about $3 billion (76,000 BTC) since 2024.
Cointime January 28 News Express
1.Stellar Foundation recommends postponing smart contract upgrades after discovering bug2.Pudgy Penguins: The beta version of IP authorization platform OverpassIP is now online3.OSL has partnered with global insurance and reinsurance company Canopius to secure a new two-year custody insurance agreement4.After the spot Bitcoin ETF was approved, Bitcoin’s market capitalization dominance increased to 49.8%, while the share of altcoins and stablecoins fell.5.Linea: Linea Voyage XP tokens will be airdropped to qualified user wallets6.Google’s cryptocurrency-related advertising policy will be revised on January 29 and may cover Bitcoin ETF advertising7.Analyst: Charles Schwab may be interested in joining the spot Bitcoin ETF race8.The trading volume of DEX on the Ethereum chain yesterday was US$734 million, a decrease of approximately 43% from the previous day.9.Data: SOL/BTC ratio has grown 290% since October 202310.CFTC urges investors to be wary of AI-created crypto asset arbitrage algorithms
Jack Dorsey: BTC has had a significant impact on humanity
Jack Dorsey, the founder of Twitter and head of Square, pointed out in an interview with Bitcoin Magazine that BTC has had a significant impact on humanity and will promote "world peace" and abundant energy. This asset can contribute to "world peace".
Crypto Biz: Telefónica joins Helium Network, BIS targets tokenization, and more
The Bank for International Settlements is advancing plans for global tokenization and central bank digital currencies in 2024.
Estonian government will allow extradition of Hashflare defendants
Ivan Turogin and Sergei Potapenko face 18 charges in the United States and long prison terms for allegedly making HashFlare a Ponzi scheme.
BTC breaks through $42,500
The market shows BTC breaking through $42,500, currently reporting at $42,502.7, with a daily increase of 1.54%. The market is volatile, please be prepared for risk control.
Data: After the spot Bitcoin ETF was approved, Bitcoin’s market capitalization dominance increased to 49.8%, while the share of altcoins and stablecoins fell.
According to data disclosed by Glassnode, after the approval of the spot Bitcoin ETF, Bitcoin is becoming more and more dominant overall. Compared with November 2022 when the FTX exchange collapsed, BTC's market dominance has risen from 38.9% to 49.8%. On the other hand, ETH has also maintained its market dominance, currently between 18.9% and 18.2%. The main cryptocurrencies losing market share in the cryptocurrency market are altcoins, whose market dominance has fallen from 28.3% to 24.2%, while stablecoins have also fallen from 13.9% to 7.8%.
Bitcoin nears key weekly close as analyst says 20% BTC price dip 'over'
Bitcoin may be clear to attack resistance higher up, but the odds of sweeping recent lows later on remain convincing among BTC price pundits.
Finnish authorities traced Monero transactions tied to Vastaamo hack
Finland’s National Bureau of Investigation reportedly traced Monero transactions in connection with the criminal trial of Julius Aleksanteri Kivimäki and the Vastaamo hack.
The open position of BTC contracts on the entire network is 17.91 billion US dollars, and the CME open position increased by 5.14% in 24H.
Coinglass data shows that the total open position of BTC futures contracts on the entire network is 425,120 BTC (approximately US$17.91 billion), with a 24-hour increase of 0.85%.
BTC breaks through $42,200
The market shows that BTC has broken through $42,200 and is now trading at $42,205, with a daily increase of 0.89%. The market is volatile, so please be cautious with risk management.
BTC briefly exceeded 42200 USDT, with a 24H increase of 0.74%
BTC has briefly surpassed 42200 USDT and is now reporting 42191.4 USDT, with a 24-hour increase of 0.74%.
Ordinals cumulative fee income exceeds 5,900 BTC
The latest data from Dune shows that the cumulative fee income generated by the Bitcoin NFT protocol Ordinals' inscription casting has exceeded 5900 BTC, currently reaching 5,907.4085 BTC, equivalent to approximately 246,611,718 US dollars, and the total amount of inscription casting is about 57.643 million.
