Rhythm Evening News｜Altcoins are in general decline; a whale’s address that made a profit of US$61 million last year transferred 5 BTC
Selected News:
1. The knockoff coins are experiencing a general decline, with JTO dropping by 13.57% in the past 24 hours.
2. Last year, a profit of 61 million US dollars was obtained and transferred to the whale address of 5 BTC, possibly for testing transactions.
3. The Arbitrum community has voted in favor of the "ArbOS 11 version" proposal, which is currently awaiting execution;
4. The on-chain social platform Freechat has completed a $80 million financing with a post-investment valuation of $800 million.
5. Honduras' territory officially recognizes Bitcoin as a unit of account.
Price Observation
STX surges to $1.83, hitting a new high since March 2022
According to OKX market data, STX rose to touch $1.83 before falling back, now trading at $1.8123, with a 24-hour increase of 15.10%, reaching a new high since March 2022.Bitcoin briefly breaks $44,000
According to OKX market data, Bitcoin has briefly surpassed $44,000 and is currently trading at $44,084 with a 24-hour increase of 0.23%.JTO 24-hour decline of 13.57%, currently priced at 1.52 US dollars.HFT has dropped by 11.41% in 24 hours and is currently trading at $0.31 USD.
ICP 24-hour decline of 11.22%, currently priced at $6.7.
MINA 24-hour decline 12.5%, current price 1.01 US dollars.
APT 24-hour decline by 10.6%, currently priced at 8.16 US dollars.
ETH short-term falls below $2200, 24-hour decline of 1.88%
According to OKX market data, ETH fell below $2200 briefly and is now trading at $2209, with a 24-hour decline of 1.88%.Transaction Tracking
A certain new wallet extracted $4.92 million worth of SHIB from Binance
According to Lookonchain monitoring, a newly created wallet withdrew 546.34 billion SHIB (approximately $4.92 million) from Binance one hour ago.In 2023, the whale address traded BTC three times and made a profit each time (with a 100% success rate), accumulating a total profit of 61 million USD.
A certain whale sold 4100 ETH through 1inch and transferred 1960 ETH to Binance 8 hours ago.
According to on-chain analyst @ai_9684xtpa, 8 hours ago, vladilena2.eth withdrew 8002 ETH (approximately $18.01 million) from Spark Protocol, sold 4100 ETH at an average price of $2239 through 1inch, and deposited 1960 ETH into Binance.In addition, vladilena2.eth transferred 4000 ETH to the address starting with 0x4EE, which has not been transferred or sold yet.
A certain whale withdrew 1,750 BTC, worth about $76.9 million, from Binance in the past two days.
According to 36Kr, the blockchain social platform "Freechat" has recently completed a financing round of $80 million, with a post-investment valuation of $800 million. The investors have not been disclosed.
After this round of financing, Freechat will take privacy and user data control as the core concept of the platform, further strengthening its Web3 features, and building a decentralized, open, and transparent social network platform for the global market.
Freechat was founded in 2022 and completed a $2 million seed round of financing in August 2022. In early 2023, Freechat officially launched its global servers, and the planned modules and features in the subsequent content ecosystem have been launched in the past few months.
Freechat founder Jack Long revealed that in the early stages of project development, the team purchased 78 bitcoins as reserves for $16,000, spending $1.248 million. Based on the current bitcoin price of $44,000, the project's bitcoin reserves have reached $3.432 million, with a floating profit of nearly $2.2 million, laying a financial foundation for Freechat's future development in overseas markets.
Argo Blockchain, a cryptocurrency mining company, announced the completion of a placement of 38 million shares, raising a total of £8 million (approximately $10 million). The price per share was 20.5 pence, representing a 1% discount to the 30-day volume-weighted average price (VWAP) and an 11% premium to the 45-day VWAP.
The new funds will be used for working capital, debt repayment, and other corporate purposes.
Blue Harbour Interactive Group Limited (HK.8267) announced in its latest announcement that it has successfully signed a share subscription agreement and plans to subscribe to 30.3% of the shares of EcoPowX, a Bitcoin network and AI computing power innovation service company, with an investment amount of $1.26 million. The company mainly focuses on providing computing power solutions for artificial intelligence and Bitcoin networks through environmentally friendly gas-fired power generation technology.
EcoPowX is collaborating with a major oilfield and natural gas processing equipment supplier in West Africa to promote the environmentally-friendly treatment of flare gas in oil fields. This not only helps to promote the sustainable development of the cryptocurrency market and blockchain technology infrastructure network, but also provides a new solution for energy demand in the field of artificial intelligence.
Lanhai Interactive stated that the investment in EcoPowX aims to diversify its portfolio of encrypted digital assets in response to the constantly changing market environment. The company remains optimistic about the future market prospects and promises to continue investing resources in the Web3 and technological innovation fields, continuously promoting the long-term development of related businesses.
Regulatory News
Honduras' ZEDE officially recognizes Bitcoin as accounting unitAccording to a report by Cointelegraph, a special economic zone called Próspera in Roatán, Honduras has officially recognized Bitcoin as a unit of account. This means that Bitcoin can now be used to measure the market value of goods and services.
This development was led by Jorge Colindres, the tax commissioner of the Próspera Employment and Economic Development Zone (ZEDE), on January 5th. Colindres stated that due to technical limitations in their electronic governance system, as well as some external regulatory issues, the "Final Bitcoin Taxation Program" cannot currently be implemented.
Those who intend to use Bitcoin as a unit of account must submit a notice to the tax committee of Próspera within 30 days after the relevant tax period expires.
Bloomberg: ETF issuers need to submit final amendment filings by Monday morning
According to Bloomberg, institutions hoping to issue Bitcoin spot ETFs have been asked to submit their final modifications to their applications in Washington by Monday morning. The US Securities and Exchange Commission (SEC) plans to vote on the 19b-4s filings submitted by exchanges in the coming days. The regulatory agency may also take action on the issuer's application (S-1) at about the same time. In addition, if the SEC approves the required approvals for both groups, the ETF can start trading as early as the next business day.Article Recommendation
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