Daily Briefing | Bitcoin surges to $44,000; TIA hits a new all-time high of $15.8 in a short period of time.
Selected News:
1. Bitcoin rose to touch $44,000, with a 24-hour increase of 3.29%.
2. TIA short-term breakthrough $15.8, reaching a new historical high;
3. Tether will issue an additional 1 billion USDT on the Ethereum network;
4. Insider: Several companies' spot Bitcoin ETFs are very close to approval;
5. Arbitrum Orbit supports Layer 3 custom Gas tokens.
Price Observation
On January 4th, according to market data, cryptocurrency-related stocks rose before the US stock market opened. Coinbase (COIN.O) and Riot Blockchain (RIOT.O) rose nearly 2%, while Marathon Digital (MARA.O) rose over 3%. (Jinshi)
TIA short-term breakthrough $15.8, hitting a new historical high
On January 4th, according to OKX market data, TIA briefly broke through $15.8 and is now slightly down to $15.63, with a 24-hour increase of 33.72%. The coin price has reached a new historical high.Bitcoin rises to touch $44,000, with a 24-hour increase of 3.29%
On January 4th, according to OKX market data, Bitcoin rose to touch $44,000 and is now slightly falling to $43,851 with a 24-hour increase of 3.29%.
Transaction Tracking
It is suspected that the METIS market maker address transferred 20,000 METIS to Coinbase.
On January 4th, according to on-chain data analyst @ai_9684xtpa, an address starting with 0x90a, suspected to be a METIS market maker, just transferred 20,000 METIS (approximately 1.73 million USD) to Coinbase. Currently, there are 7 addresses (out of a total of 11 addresses belonging to this "suspected market maker") that have cumulatively deposited 194,000 METIS to the trading platform, while the remaining 4 addresses still hold 113,000 tokens, worth 9.68 million USD.某 Smart Money 3 hours ago withdrew 3,500 ETH from Binance
On January 4th, according to Lookonchain monitoring, a Smart Money specializing in buying low and selling high withdrew 3,500 ETH (approximately $7.97 million) from Binance 3 hours ago.
Project Updates
Gamma: Negotiating with attackers on-chain for fund return, offering bug bounty
On January 4th, Gamma, a liquidity management protocol in the Arbitrum ecosystem, posted on social media that they have attempted to contact the attacker through Etherscan and Arbiscan to negotiate the return of funds (such as offering a portion of the funds as a bug bounty).Starknet has opened voting on the "Mainnet V0.13.0 Upgrade" proposal.
On January 4th, according to official sources, the Starknet proposal for "Mainnet V0.13.0 Upgrade" has started voting. Users need to vote in the Starknet Governance Center from 20:00 on January 4th to 20:00 on January 8th Beijing time. As of the time of writing, the proposal has received 53 million STRK votes, with 100% approval.
On January 4th, 9GAG CEO Chen Zhancheng posted a proposal to remove Fud user FARMING rewards on the Memeland Discord channel, which sparked strong reactions from the community. However, shortly thereafter, he clarified that it was just a joke and pleaded with users to "be patient" with the project. Chen Zhancheng reiterated that Memeland always rewards loyalty, patience, and trust. He expressed his gratitude to users who continue to support Memeland and Memecoin, and emphasized that "the best is yet to come," possibly implying that upcoming airdrops are still to come.
Arbitrum Orbit supports Layer 3 custom Gas tokens
On January 4th, SlowMist released its 2023 report on blockchain and anti-money laundering. The report shows that there were a total of 464 security incidents in 2023, resulting in losses of up to 2.486 billion US dollars. Compared to 2022, the losses decreased by 34.31% (303 incidents occurred in 2022, resulting in losses of approximately 3.777 billion US dollars).
Among them, DeFi is the most attacked area in the blockchain security field. There were a total of 282 security incidents in DeFi projects, accounting for 60.77% of the total number of incidents, but the losses decreased to $773 million, a 62.73% decrease from the $2.075 billion in losses caused by 183 incidents in 2022. In addition, there were 117 RUG incidents in 2023, with losses exceeding $83 million. The Base ecosystem was hit the hardest, with losses of $32.5 million due to RUG incidents, followed by BSC, which lost $23.05 million. It is worth noting that in 2023, about 324,000 victims had their wallets stolen, with a total stolen amount of $295 million.
On January 4th, according to a report released by Marathon Digital (MARA.O), a cryptocurrency mining company, the company set a record for BTC production in December 2023, producing 1,853 BTC. The total production for the year 2023 was 12,852 BTC. As of December 31st, 2023, Marathon Digital held 15,174 BTC, with a cash and BTC reserve value exceeding $1 billion. Marathon chose to sell 704 BTC, or 38% of its monthly production, to pay for operating expenses. The company plans to sell a portion of its Bitcoin holdings in the future to support monthly operations, manage its finances, and for general corporate purposes.
Regulatory News
Grayscale submits its spot Bitcoin ETF's securities registration application to the SECOn January 4th, Grayscale submitted its securities registration application for a Bitcoin ETF to the SEC. Note: The 8-A12B form submitted by Grayscale is also known as the Securities Registration Form for listing on national exchanges. According to Section 12(b) of the Securities Exchange Act of 1934, this form is required.
VanEck has submitted a securities registration application for its Bitcoin ETF to the SEC.
On January 4th, VanEck submitted its securities registration application for its Bitcoin ETF to the SEC. Note: VanEck's 8-A12B form, also known as the Securities Registration Form for Listing on National Exchanges, was submitted. According to Section 12(b) of the 1934 Securities Exchange Act, this form is required.Insiders: Several companies' spot Bitcoin ETFs are very close to approval
On January 5th, TechCrunch reporter Jacquelyn Melinek reported that sources said the spot Bitcoin ETF is "very close" to obtaining approval from the US SEC, and "multiple" companies will be approved. Jacquelyn also said she is "looking forward to something tomorrow," and there may be significant news announced.
ARK Invest submits its Bitcoin ETF securities registration application to the SEC
On January 5th, ARK Invest submitted its securities registration application for a Bitcoin ETF in the form of an 8-A filing to the SEC. This makes Grayscale, Ark Investments, Valkyrie, and VanEck the latest companies to submit an 8-A filing, indicating progress towards potential approval of a Bitcoin ETF traded on a stock exchange. The issuer's 8-A form allows for registration of the issuer's trading on a trading platform and marks progress towards potential approval of a Bitcoin ETF.On January 5th, Eric Balchunas, a senior ETF analyst at Bloomberg, stated that the SEC is giving its final opinion on a physical Bitcoin ETF, and the issuer will soon submit the final 19b-4 and S-1 documents. He said, "This is definitely the closest we've ever been to 'completion,' but as far as I know, it has not yet been officially approved."
Valkyrie has submitted its application for a Bitcoin ETF securities registration to the SEC.
On January 5th, Valkyrie submitted its securities registration application for a spot Bitcoin ETF to the SEC on Form 8-A. The issuer's Form 8-A allows for registration of the issuer's trading on the trading platform and marks progress towards potential approval of a spot Bitcoin ETF.美 SEC：BUSD and UST should be treated as securities
On January 5th, according to The Block, the US Securities and Exchange Commission (SEC) submitted a ruling to the Southern District of New York court regarding the Terraform Labs case in documents related to the Coinbase case, in further support of the SEC's decision to oppose Coinbase's motion. The SEC maintains that SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO are unregistered securities. At the same time, the SEC requested that the Washington court consider Terraform's ruling when dealing with the Binance motion, and believes that BUSD should be treated as a security, just like UST.
Wilshire Phoenix has submitted a revised S-1 prospectus to the US SEC for its Bitcoin fund.
On January 5th, according to The Block Pro, Wilshire Phoenix submitted a new S-1 amendment for its Bitcoin fund (wShares Bitcoin Fund), which will charge a 0.75% operating fee and custody Bitcoin with Fidelity. Bloomberg analyst James Seyffart pointed out that this is Wilshire Phoenix's 11th S-1 amendment submission.
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