Selected News:

1. Bitcoin broke through $47,000 in a short time and rose nearly 5% in the past 2 hours.

2. The US SEC has issued supplemental comments on the S-1 filing of the Bitcoin spot ETF applicant.

3. The Starknet community has voted to approve the proposal to "Activate the Alpha V0.13.0 Upgrade" on the mainnet.

4. Standard Chartered Bank: Bitcoin price may reach $200,000 by the end of 2025.

5. Solana's ecosystem DeFi platform Saros has completed a $3.75 million private placement round, with participation from Solana Ventures and Hashed.

Price Observation

Bitcoin breaks through $47,000 in a short time, rising nearly 5% in the past 2 hours.

BlockBeats News, on January 9th, according to OKX market data, Bitcoin briefly broke through $47,000, rising nearly 5% in the past 2 hours, and is now priced at $46,709.

Ethereum breaks $2300, up 3.23% in 24 hours

BlockBeats News, on January 9th, according to OKX market data, Ethereum broke through $2300 and is now priced at $2311, with a 24-hour increase of 3.23%.

The total market value of cryptocurrencies has risen above $1.8 trillion.

BlockBeats News, on January 9th, according to CoinGecko data, the current total market value of cryptocurrencies on the entire network has risen to 1.81 trillion US dollars, with a 24-hour increase of 5.78%.

STX breaks through $2 in a short time, hitting a new high since February 2022

BlockBeats News, on January 9th, according to OKX market data, STX briefly broke through $2 and then fell back, now trading at $1.9316, with a 24-hour increase of 17.15%, reaching a new high since February 2022.

BONK short-term breakthrough $0.000012, 24-hour increase of 16.75%

BlockBeats News, on January 9th, according to OKX market data, BONK rose and briefly broke through 0.000012 USD, currently priced at 0.00001192 USD, with a 24-hour increase of 16.75%.

Transaction Tracking

The total open position of Bitcoin futures contracts across all exchanges reaches USD 19.824 billion

BlockBeats News, on January 9th, according to Coinglass data, the total open position of Bitcoin futures contracts on the entire network was 425,400 BTC (approximately 19.824 billion US dollars).

The open position of CME Bitcoin futures contract is 122,400 BTC (approximately 5.693 billion US dollars), ranking first.

Binance's open position for Bitcoin futures contracts is 96,900 BTC (approximately $4.519 billion USD), ranking second.

A whale who was long on the ETH/BTC exchange rate was liquidated, and over 3870 ETH was used to repay the collateral, with 183 WBTC borrowed.

BlockBeats News, on January 9th, according to on-chain analyst Yu Jin's monitoring, one hour ago, a whale who was long on the ETH/BTC exchange rate experienced a liquidation when the health of their borrowing and lending fell below 1. The liquidation involved the repayment of 183 WBTC loans with 3,870.79 ETH collateral from the whale.

Yu Jin said that the lending health of the whale is currently 1.01, and it is still in a dangerous state of being at risk of falling below 1 and continuing to be liquidated.

A whale deposits 1000 bitcoins into Binance

BlockBeats News, on January 9th, according to Lookonchain monitoring, a whale deposited 1000 bitcoins (worth about $44.94 million) into Binance when Bitcoin broke through $45,000. In the past two weeks, the address has accumulated 4000 bitcoins into Binance, with an average deposit price of $44,673.

Through on-chain tracking, the 4,000 bitcoins at this address were withdrawn from HTX and OKX in June 2022, with an average price of approximately $21,000.

Lazarus Group transferred $1 million worth of Bitcoin

BlockBeats News, on January 8th, according to Arkham monitoring, the hacker group Lazarus Group extracted $1 million worth of Bitcoin from its mixed coin pool and sent $150,000 worth of Bitcoin to previously inactive addresses.

BlockBeats News, on January 9th, Reggie Browne, the ETF trading director of market maker GTS, said that the trading price of spot Bitcoin ETFs will have a significant premium over their net asset value. Browne said that if a fund is approved, its trading price may have an 8% premium over the underlying asset value. In contrast, the average premium of holding Bitcoin futures for BITO in the past year was 0.02%.

"The width of the price difference is not a concern, I believe the problem will be the premium relative to the net asset value," Browne said. "This will be a crazy number." Browne also said that if approved, he expects investors to inject at least $2 billion into the spot Bitcoin ETF within the first 30 days of trading. For the whole year, he expects the size of these funds to reach $10 billion to $20 billion. He said, "Although we are celebrating today, I think all the details will be announced tomorrow morning."

CNBC: Bitcoin spot ETF may be approved on Wednesday and start trading on Thursday or Friday

BlockBeats News, January 9th. According to CNBC Business News, a Bitcoin spot ETF may be approved on Wednesday and begin trading on Thursday or Friday.

BlockBeats Note: This report by CNBC is only a predictive report on the current approval status of Bitcoin spot ETFs, which is consistent with the predictions of the industry and mainstream media, that is, the SEC will try to approve all Bitcoin spot ETF applications from Ark and 21Shares at the final deadline (January 10th) as much as possible.

Bloomberg analyst: Grayscale Bitcoin spot ETF fees not yet finalized, may further decrease

BlockBeats News, on January 8th, Bloomberg ETF analyst James Seyffart stated that according to the latest Bitcoin spot ETF S-3 update file submitted by Grayscale, its fee has decreased from 2% to 1.5%, but there is a clause regarding fee exemption. Therefore, the current fee for Grayscale's Bitcoin spot ETF has not been finally determined, so Grayscale may further reduce its ETF fee.

Fox reporter: SEC members may still delay approval of spot Bitcoin ETF

BlockBeats News, on January 9th, Fox reporter Eleanor Terrett posted on social media an interesting reminder: that the five members of the US Securities and Exchange Commission (SEC) may delay the approval of Bitcoin spot ETF. Committee members include: Gensler (D), Crenshaw (D), Peirce (R), Lizárraga (D), and Uyeda (R).

Although there is no formal committee vote on ETF, each commissioner clearly has the right to request review and full commission vote under 17 CFR Section 201.431, even if the matter has been allocated and approved through authorization. This provision allows an SEC commissioner to request that the entire commission review matters authorized by staff.

Paradigm Policy Director Justin Slaughter previously stated that the US Securities and Exchange Commission (like the US Commodity Futures Trading Commission and most commissions) can allow commissioners to vote on certain things without a formal meeting. This is a process called "seriatim".

MicroStrategy's Bitcoin holdings have a floating profit of over $3 billion

BlockBeats News, on January 9th, as the price of Bitcoin broke through $47,000, now priced at $47,062, MicroStrategy's Bitcoin holdings have gained over $3 billion, currently holding a total of 189,150 Bitcoins, with an average purchase price of $31,168 per Bitcoin.

DWF Labs founder: Short-term ups and downs are not important, believe that this cycle will see Bitcoin rise to $100,000

BlockBeats News, on January 8th, Andrei Grachev, the founder of DWF Labs, stated on his social media platform that there has been a lot of discussion about ETFs recently, but the short-term market fluctuations are not important. He firmly believes that Bitcoin will reach $100,000 in this cycle. In addition, Andrei Grachev stated that he personally focuses on projects with a large audience and good fundamentals that are not yet listed, including games and meme coins.

CoinShares: Net inflows of digital asset investment products reached $151 million last week

BlockBeats News, on January 8th, according to CoinShares' weekly report, the total inflow of digital asset investment products in the first week of 2024 was $151 million, bringing the total inflow since Grayscale's lawsuit against the SEC to $2.3 billion, accounting for 4.4% of the total assets under management (AuM). Although spot ETFs have not yet been launched in the United States, 55% of the funds come from US exchanges, with Germany and Switzerland accounting for 21% and 17% respectively.

The largest inflow of Bitcoin is $113 million, and the total inflow in the past 9 weeks accounts for 3.2% of managed assets. In the first week of this year, the total outflow of funds shorting Bitcoin reached $1 million. The total inflow of funds for Ethereum is $29 million, and the total inflow in the past 9 weeks is $215 million, indicating a significant improvement in market sentiment.

On the other hand, Solana had a poor start this year with a total outflow of $5.3 million. Other tokens with significant inflows include Cardano, Avalanche, and Litecoin, with inflows of $3.7 million, $2 million, and $1.4 million respectively. Blockchain stocks also had a good start this year, with inflows reaching $24 million last week.

Financing Express

Pantera Capital is preparing to invest $200 million in Bitwise's pending Bitcoin spot ETF.

BlockBeats News, on January 9th, according to the updated S-1 document from Bitwise, Bitwise has injected a $500,000 seed fund for its potential Bitcoin spot ETF. If approved, Pantera Capital is interested in injecting $200 million into the ETF. However, this statement comes with a disclaimer stating that it is only interested in investing and does not have legal binding force.

Blockchain procurement platform Maalexi completes $3 million Pre-A round of financing, led by Global Ventures

BlockBeats News, on January 8th, blockchain procurement platform Maalexi announced the completion of a $3 million Pre-A round of financing, led by venture capital firm Global Ventures. Maalexi aims to simplify the procurement process and is currently mainly targeting small and medium-sized agricultural buyers. Its platform provides services such as digital contracts, document blockchain verification, and AI checks to achieve trade risk management and financial accessibility.

Core Scientific, a cryptocurrency mining company, completes $55 million equity placement

BlockBeats News, on January 8th, Core Scientific, Inc, a Bitcoin mining company, announced the completion of a $55 million equity offering (ERO). As previously reported by BlockBeats, in December of last year, bankrupt cryptocurrency mining company Core Scientific stated that it had reached a preliminary agreement on global settlement terms with all key stakeholders. The company's CEO, Adam Sullivan, stated in a statement: "This global settlement resolves a key obstacle to our expected exit from Chapter 11 bankruptcy in January."

Cryptocurrency asset management company Metallpha Technology announced investment in NextGen Digital Venture Limited.

BlockBeats News, on January 8th, Metallpha Technology, a Hong Kong-based cryptocurrency asset management company listed on NASDAQ, announced on its official website that it has invested in NextGen Digital Venture Limited. NextGen Digital is a platform that provides traditional financial and cryptocurrency investment services, aiming to provide compliant digital asset investment channels for institutional investors, but the specific investment amount has not been disclosed yet.

Last April, Metallpha and NextGen jointly launched the Next Generation Fund I, a cryptocurrency fund focused on investing in structured products under the Grayscale brand. After the completion of this investment transaction, Metallpha will also provide additional management support to NextGen.

Solana ecosystem DeFi platform Saros completes $3.75 million private placement round, with participation from Solana Ventures and Hashed

BlockBeats News, on January 8th, according to the SEC website, Jingshun, BlackRock, ARK 21shares, and VanEck have each submitted updated S-1 files for Bitcoin spot ETFs. Among them, Jingshun ETF's fee standard is 0.59%, free for the first 6 months. BlackRock's ETF fee standard is 0.3%, and 0.2% for the first 12 months.

ARK 21shares' fee standard is 0.25%, free for the first 6 months. VanEck's ETF fee standard is also 0.25%. Earlier, the SEC required ETF issuers to submit S-1 amendments before 8 am local time today.

BlockBeats News, on January 8th, according to the SEC website, Fidelity has just submitted an updated version of its spot Bitcoin ETF S-1 application, with an ETF fee standard of 0.39%.

BlockBeats News, on January 8th, according to the SEC website, WisdomTree submitted an updated S-1 file for its Bitcoin spot ETF, with a fee standard of 0.5%.

Valkyrie 提交比特币现货 ETF S-1 更新文件 Translation:

Valkyrie submits Bitcoin spot ETF S-1 update document

BlockBeats News, on January 8th, according to the SEC website, Valkyrie submitted an updated S-1 file for its Bitcoin spot ETF, with a fee standard of 0.8%. It is reported that the SEC requires the ETF issuer to submit an S-1 amendment before 8 am local time today.

Bitfinex: To comply with regulations, it will stop providing products and services to some customers in the UK

BlockBeats News, on January 8th, Bitfinex announced on its official website that it will stop providing products and services to certain customers in the UK in accordance with regulatory requirements. Bitfinex had previously informed that UK residents who create personal account verifications on the Bitfinex platform on or after November 1, 2023, will no longer be eligible. In the future, Bitfinex will no longer accept verification applications from UK corporate residents, except for those that meet the definition of high net worth companies, unincorporated associations or trusts, or other applicable exemptions.

From January 10th, some existing British customers will no longer be able to make new deposits, sign new contracts, or increase their existing margin positions, but they can continue to reduce or close their positions and withdraw funds from their platform.

The US CFTC Advisory Committee Urges Timely Attention to DeFi and Promotes Compliance Development

BlockBeats News, January 9th. According to The Block, the advisory committee of the US Commodity Futures Trading Commission (CFTC) voted on Monday to submit a report to the committee, calling for official and industry efforts to understand decentralized finance (DeFi) and "promote its responsible and compliant development".

CFTC Commissioner Christy Goldsmith Romero stated that the report aims to "assist the US Congress, state legislatures, and regulatory agencies, including the CFTC, in ongoing policy debates." The report makes recommendations, including enhancing understanding of DeFi, strengthening "timeliness and effectiveness" of enforcement, and evaluating existing federal and state-level DeFi regulatory frameworks and identifying areas where regulations need to be expanded to address risks.

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