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Daily Legal News: Bitcoin rebounds and briefly breaks through $43,000; SEC holds meeting with trading institutions to finalize matters related to Bitcoin spot ETF resolution.

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Selected News:

1. Federal Reserve December Meeting Minutes: Consensus is that the rate hike cycle may have ended, with no discussion on when to begin cutting rates;

2. SEC is holding a meeting with the exchange today to finalize matters related to the Bitcoin spot ETF resolution.

3. Wu Jihan: The Matrixport analysis report does not plan to spread widely, and short-term fluctuations will not affect the results of ETF and the status of BTC;

4. Insider: The SEC may notify the issuer of approval starting on Friday, and trading may begin as early as next week.

5. Bitcoin rebounds and briefly breaks through $43,000.

Price Observation

Bitcoin falls below $44,000, with a 24-hour decline of 3.73%

On January 3rd, according to OKX market data, Bitcoin fell below $44,000 and is now priced at $43,564, with a 24-hour decline of 3.73%.

Ethereum falls below $2,300 in the short term, with a 24-hour decline of 3.44%

On January 3rd, according to OKX market data, Ethereum briefly fell below $2300, currently trading at $2310 with a 24-hour decrease of 3.44%.

SOL drops below $90, down 24.9% in 24 hours

On January 3rd, according to OKX market data, SOL fell below $90 and is currently trading at $86.7, with a 24-hour decline of 24.9%.

Bitcoin falls below $41,000, with a 24-hour decline of 10%

On January 3rd, according to OKX market data, Bitcoin fell below $41,000 and is now priced at $40,943, with a 24-hour decline of 10%.

Bitcoin rebounds above $42,000, 24-hour decline narrows to 6.87%

On January 3rd, according to OKX market data, after a short-term drop below $41,000, Bitcoin has now rebounded above $42,000, with a 24-hour decline narrowing to 6.87%.

Cryptocurrency-related stocks fell before the market opened.

On January 3rd, as mainstream cryptocurrencies fell, cryptocurrency-related stocks fell in pre-market trading. Coinbase, a cryptocurrency exchange, fell more than 6%, Marathon Digital and CleanSpark fell more than 10%, Riot Platforms fell nearly 9%, and Cipher Mining and MicroStrategy fell more than 6%.

The stock prices of encryption-related companies soared in 2023, with Marathon Digital rising nearly 600% and Riot Platforms rising over 300%. (Jinshi)

SEI short-term breakthrough $0.82, recovers all hourly losses and sets a new price high

On January 3rd, according to market information, SEI broke through 0.82 US dollars in a short period of time and is now priced at 0.7812 US dollars, recovering all the previous hour's decline and setting a new price high.

SOL rebounds and breaks through $100 in a short time

On January 3rd, according to OKX market data, SOL rebounded and briefly broke through $100, now trading at $99.24, with a 24-hour decrease narrowed to 12.8%.

PEOPLE rose nearly 100% within 2 hours after the drop, now priced at $0.019.

On January 3rd, according to market data, PEOPLE started to rise after the overall market decline, with an increase of nearly 100% within 2 hours, and is currently priced at 0.01965 USD.

ENS surges above $14, with a maximum increase of over 80% in the past 4 hours

On January 3rd, according to OKX market data, ENS surged above $14, with a current price of $14.1. The maximum increase in the past 4 hours exceeded 80%.

PEOPLE has broken through $0.07 in a short period of time, with the maximum increase in the past 4 hours expanding to 580%.

On January 3rd, according to OKX market data, PEOPLE surged and briefly exceeded $0.07, currently trading at $0.065. The maximum increase in the past 4 hours has expanded to 580%.

Earlier, Binance announced the launch of the 43rd project XAI on Launchpool.

Radiant Capital: The protocol has the ability to pay and will implement a bad debt remediation plan.

On January 4th, Radiant Capital posted on X platform that they were attacked by flash loans after launching a new native USDC market on Arbitrum on January 2nd, resulting in bad debt accounting for approximately 1.3% of TVL in the WETH market for the protocol.

Radiant DAO Committee has initiated emergency administrative control measures, suspending all markets on Arbitrum to mitigate further damage. Investigation is ongoing.

Mina Protocol plans to deploy the Berkeley upgrade this year.

On January 4th, according to an official blog post, the lightweight blockchain protocol Mina Protocol plans to deploy the Berkeley upgrade this year. The upgrade will bring performance enhancements, utilizing Mina's design without affecting scalability or decentralization.

With the emergence of ZK-supported smart contracts on the mainnet, an infinite number of infrastructure and application improvements become possible. The Berkeley upgrade also includes performance improvements such as reduced slot time and validator optimization.

Chain game Pixels: The main coin TGE will be conducted within 2 weeks, and the second season of Play to Airdrop will start tomorrow.

On January 4th, Pixels, a blockchain game, announced in its community AMA that the second season of its Play to Airdrop will begin tomorrow. The distribution in the second season will be less compared to the first season and may include a lottery system in the end.

In addition, the token issuance (TGE) of the game's main currency PIXEL will take place within one to two weeks, and the rewards for the first season of Play to Airdrop will also be distributed before this TGE.

Cosmos ecosystem scalable protocol Saga plans to conduct token airdrops and will announce the eligibility criteria for airdrops

On January 4th, Saga, a Web3 scalability protocol used for automatic deployment of dedicated block space in the Cosmos ecosystem, announced on social media that it will collaborate with five technical partners and the crypto community to conduct a token airdrop. The eligibility criteria for the airdrop will be announced later.

The Ethereum inscription protocol Ethscriptions has open-sourced a new indexer, Ethscriptions Indexer.

On January 4th, Ethscriptions, the Ethereum inscription protocol, has open-sourced a new indexer called Ethscriptions Indexer. This allows anyone to reproduce the entire Ethscriptions ecosystem's state using only an Ethereum node. The new indexer also implements the protocol specification on ethscriptions.com, with new features including faster speed, real-time inscription numbers, state proofs, and immediate access to historical states.

CeFi Information

Binance: The unresponsive issue encountered by a small number of users has been completely resolved.

On January 3rd, Binance Customer Support officially stated on social media that the (unresponsive) issue that a few users encountered when accessing the Binance platform has now been resolved.

Binance delays launch of USDC-based perpetual contracts for BTC, ETH, BNB, SOL, and XRP

On January 3rd, according to an official announcement, due to significant market volatility, Binance has postponed the launch of USDC perpetual contracts for BTC, ETH, BNB, SOL, and XRP, which was originally scheduled for January 3rd, 2024 at 20:30 (GMT+8), to January 4th, 2024 at 20:30 (GMT+8).

Jiānán Yúnzhi has received follow-up purchase orders from Cipher and Stronghold for a total of 17,000 mining machines.

On January 4th, Canaan announced that it has secured cooperation for follow-up purchase orders from Cipher Mining and Stronghold Digital Mining. These orders involve a total purchase of over 17,000 Bitcoin mining machines and are built on Canaan's existing relationship with Cipher and Stronghold.

Coinbase will list Hivemapper (HONEY) on its roadmap for listing.

On January 4th, Coinbase added Hivemapper's token HONEY to its listing roadmap.

Viewpoint Data

In the past hour, the total liquidation on the entire network has increased to over $450 million, with long positions being the main cause of the liquidation.

On January 3rd, according to Coinglass data, the total liquidation in the past hour increased to $451 million, of which long positions liquidated $436 million.

CoinShares: Net inflows of digital asset investment products exceed $2.2 billion in 2023

On January 3rd, James Butterfill, research director at CoinShares, stated that the net inflow of digital asset investment products in the last week of 2023 was $243 million, bringing the total inflow for 2023 to $2.2 billion.

CryptoQuant: Bitcoin may fall to $32,000 within one month after the bullish news of "spot ETF approval"

On January 3rd, according to Coindesk, CryptoQuant, a cryptocurrency data service provider, stated that Bitcoin (BTC) is expected to fall to $32,000 next month after the approval of spot ETFs.