Crypto News Highlights: Hours after Bloomberg reported that Elon Musk‘s artificial intelligence company xAI raised $500 million in funding from investors, the billionaire denounced the report as “fake news.” The Bloomberg report in question also claimed that xAI was eyeing a valuation in the range of $15 to $20 billion.
Meanwhile, cryptocurrencies made a turnaround on Saturday morning, with major digital assets hitting the purple patch again. At press time, Bitcoin, Ether, BNB, and Solana were each up 1%. The positive sentiment wafted over to the global crypto market cap, which rose 1.3% to $1.64 trillion.
Elsewhere, India’s central government informed the Supreme Court that it has not yet decided on a system to control cryptocurrency and thoroughly look into offenses associated with it, according to local media reports.
In the interim, with a view to offering users enhanced services, OKX has declared today that it will progressively switch from cross-period to current-period financing charge collection for the remaining group of perpetual futures.
Crypto News LIVE: Panther Protocol's $ZKP to List on January 24
On January 24, 2024, at 13:00 UTC, the $ZKP token of Panther Protocol will be listed on LBank Exchange, an established international digital asset trading platform. Voting on governance issues like Panther Improvement Proposals (PIPs) and DAO proposals is possible with Panther Protocol’s $ZKP governance token.
Crypto News LIVE: Approval for Bitcoin ETF Will Bring in More Financial Prodcuts
Experts in exchange-traded funds believe that the launch of spot bitcoin ETFs this month will lead to the introduction of new cryptocurrency products.
Options, in the opinion of Catherine Clay of Cboe Global Markets, are a logical next step for bitcoin ETFs.
The company’s global head of derivatives stated to CNBC’s “ETF Edge” this week, “We believe that the utility of the options, what they provide to the end investor in terms of downside hedging, risk-defined exposures into bitcoin, really would help the end investor and the ecosystem.”
Crypto News LIVE: Bank of America CEO Explains His Take on GDP
A soft landing, according to Bank of America CEO Brian Moynihan, is when GDP growth approaches zero rather than becoming negative.
Bank of America CEO Brian Moynihan explains a soft landing means GDP growth doesn't go negative, but it gets closer to zero. pic.twitter.com/pTBr5PEw3a
— Yahoo Finance (@YahooFinance) January 20, 2024
Crypto News LIVE: Bitcoin Whale Makes Transaction Worth $117 Million
A rebound in the Bitcoin prices saw hefty transactions taking place in the market. In a whale movement, 2,800 Bitcoin worth $117 million were transferred from unknown wallet to Coinbase.
Crypto News LIVE: Over 1 Million SAVM Shifted by SatoshiVM to Influencer Addresses
SatoshiVM, an address circling the SAVM currency, aroused great interest among traders and investors worldwide on Saturday as it made massive transfers to more than 200 addresses, marking an exciting development seen throughout the broader crypto market. The address has moved a staggering 1.21 million SAVM to many addresses, according to on-chain data that has surfaced over the crypto horizon. However, the price of the SAVM token fell significantly today, stoking more rumors about the transfer and the token’s worth.
Crypto News LIVE: Analyst Turns Gloomy Over XRP
The native cryptocurrency of Ripple, XRP, has recently been under scrutiny from renowned market researcher Dark Defender. It appears that XRP’s future is dependent on key levels of support and resistance in the face of volatile market conditions. Dark Defender claims that even while there is a chance for large gains, if present market patterns persist, there is a possibility of a downturn.
Crypto News LIVE: Shibarium Nearly Hits 300 Million Transactions
Shibarium, Shiba Inu’s Layer-2 blockchain technology, is very close to reaching a major transaction milestone as it gets closer to the 300 million milestone. This development represents a significant milestone in the blockchain’s brief history, having launched on the mainnet in August 2023.
Crypto News LIVE: Vanguard is Intensifying its Opposition to Cryptocurrencies, Says Bloomberg
Amidst the excitement around the much-anticipated launch of the first fully functional Bitcoin exchange-traded funds in the United States, Vanguard caused a stir last week when it made the bold choice to not allow the new ETFs to be offered on its massive trading platform. According to Bloomberg, Vanguard is becoming even more anti-crypto while competitors jump on the frenzy around the first Bitcoin exchange-traded funds (ETFs).
Crypto News LIVE: OKX to Change Funding Fee Collection Mechanism
With a view to offering users enhanced services, OKX has declared today that it will progressively switch from cross-period to current-period financing charge collection for the remaining group of perpetual futures.
Crypto News LIVE: AI Chatbot from DPD Delivery Firm Disabled
Recent events involving the German delivery business DPD have highlighted how erratic artificial intelligence (AI) chatbots may be.
When a customer made unusual requests that resulted in the creation of improper and critical responses, the corporation decided to disable the AI chatbot service.
Crypto News LIVE: BlackRock and Fidelity Currently Hold Over 64K Bitcoin
More than 64,000 Bitcoin are currently held jointly by BlackRock and Fidelity, according to Eric Balchunas of Bloomberg.
Crypto News LIVE: Bitcoin ETFs Accumulate $4 Billion Worth Bitcoin
Since its introduction, Bitcoin ETFs have accumulated a total of 95,000 Bitcoin, valued at $4 billion.
Crypto News LIVE: Key Proposal Rejected by Terra Classic Community
The suggestion made by the Terra Luna Classic (LUNC) community to bring back the total number of validators to 130 was formally turned down. It turned out to be one of the two major suggestions that the community rejected that could have improved the Terra Classic chain’s security and usefulness. The idea was voted down by validators who believed it to be immoral and self-serving.
Crypto News LIVE: Bloomberg Analyst Says Only a Small Minority of GBTC's Outflows Are Going Towards Others
According to a Bloomberg analyst it’s likely that just a small portion of the current GBTC outflows—many of which were from traders who arbitraged discounts and FTX—are moving to the Nine. Additionally, Eric Balchunas says the flows’ nearly perfect relation to the firm’s size indicates flows brought about by distribution, hustling, and reach.
Crypto News LIVE: Donald Trump to Slowly Expand into Crypto Space After Previously Snubbing Fed's "Digital Dollar"
Donald Trump, the Republican front-runner for president in 2024 and a former US president, has declared that if he wins back the White House this year, he will obstruct the establishment of a US central bank digital currency (CBDC), also known as a digital dollar.
Nevertheless, Trump has added the bitcoin network to his collection of non-fungible token “digital trading cards” based on cryptocurrencies, stoking rumors that he may change his mind about the technology as its value rises.
Crypto News LIVE: Retik Finance Emerges as a Safe Option for Users, Says India's ANI
Retik Finance is regarded by cryptocurrency users as the safest project in the DeFi space, according to India’s ANI. People have faced major challenges navigating DeFi due of its complexity. In India, nevertheless, a lot of consumers are opting for Retik over conventional banking services.
Crypto News LIVE: Indian Government Says System to Regulate Cryptocurrencies Not Yet Finalized
India’s central government informed the Supreme Court that it has not yet decided on a system to control cryptocurrency and thoroughly look into offenses associated with it, according to local media reports.
Appearing on behalf of the Center, Additional Solicitor General Vikramjit Banerjee said to a bench of justices Surya Kant and KV Viswanathan that the government is considering a regulatory framework for cryptocurrencies due to the constantly changing nature of the concerns surrounding them.
Crypto News LIVE: Open Interest for Shiba Inu Rises 25% to $18 Million
The Doge Killer, Shiba Inu (SHIB), has recently reversed its trajectory of prolonged losses with a big price increase. Furthermore, there has been a noticeable increase in the meme cryptocurrency’s involvement in derivatives. Over the last 24 hours, there has been a significant surge in interest in Shiba Inus.
Crypto News LIVE: US Tightens Regulations on Illicit Activities Made Via Cryptocurrencies
The US has gain jumped on the bandwagon of controlling illicit activities made via cryptocurrencies. The Preventing Illicit Finance Through Partnership Act, as introduced by U.S. lawmakers, “will allow federal regulators to work with the private sector to gain insight into the often-misunderstood world of crypto to weed out bad actors without crushing an entire emerging industry.”
Crypto News LIVE: Crypto Traders Suffered $183 Million Of Losses In Liquidations In Single Day
Crypto traders endured more than $183 million of liquidations in the past 24 hours, according to data from CoinGlass. Traders on Binance saw $85 million of losses, followed by $54 million of losses on OKX, $20 million of losses on Bybit, and $17.6 million of losses on Huobi.
Crypto News LIVE: Whale Accumulates 20.5 Million XRP Amid Price Surge
A single whale transferred a whopping $20.5 million XRP tokens, valued at over $11.2 million, from Bitso to an undisclosed wallet, according to blockchain tracker Whale Alert. The transaction comes amid upward price action in XRP, with the token rising 0.2% to $0.5485 in the past 24 hours.
Crypto News LIVE: Bitcoin ETFs, Minus GBTC, See $632M In Inflows On Day 6
Fund inflows into the nine exchange-traded funds (ETFs) tracking Bitcoin, excluding the Grayscale Bitcoin Trust (GBTC), stood at $632 million on the sixth day of trading, according to data from SoSo Value.
Ethereum NFT Trading Volumes Hit $42.8M On Jan 18, Highest In Last 7 Months
Total NFT trade volumes on Ethereum reached $42.8 million on Friday, the highest number since June last year, according to data pulled from Dune Analytics. Much of the surge is attributable to Blur, which saw trading volumes of $35 million, accounting for 85% of the total volume.
Crypto News LIVE: Manta Network Responds To Accusations Of 'Money Laundering'
After reports surfaced about Manta Network potentially being involved in money laundering, the upstart blockchain has issued clarification. On its X handle, Manta Network said it reserved 3 million of its native MANTA token to expand the Korean ecosystem—of which 2 million MANTA tokens were dispersed to Bithumb to ensure liquidity.
On January 18, 2024, Manta Network reserved a total of 3m $MANTA tokens out of the 50 million unlocked Ecosystem Fund token allocation to expand the Korean ecosystem. 2m $MANTA was dispersed to Bithumb to secure liquidity.
The funds intend to be used for investments and growth… https://t.co/DqeXgVzhXk
— Manta Network (🔱,🔱) #MantaNewParadigm (@MantaNetwork) January 19, 2024
Crypto News LIVE: HTX DAO ($HTX) To Be Listed On Huobi (HTX)
Cryptocurrency trading platform Huobi (HTX) said in a blog post it will list HTX DAO ($HTX) and allow users to swap their $HT holdings for $HTX. As per the announcement, the conversion service will kick off on January 22, 2024, at 08:00 (UTC).
Crypto News LIVE: Coinbase CEO Says He 'Respects' JP Morgan's Jamie Dimon
Coinbase CEO Brian Armstrong said he respected his JP Morgan counterpart Jamie Dimon, despite their contrasting views on Bitcoin. Armstrong’s comments came in response to a X post by Ark Invest CEO Cathie Wood, wherein she took aim at Dimon for trashing Bitcoin.
Crypto News LIVE: Tom Emmer Joins Donald Trump in Opposing CBDCs
Former US President Donald Trump on Friday spoked out against a central bank digital currency (CBDC), saying he would “never allow” the creation of a digital dollar if elected. Now, Congressman Tom Emmer is singing a similar tune, saying such a currency could pose a threat to the financial rights of US citizens.
Crypto News LIVE: Elon Musk Refutes Bloomberg Report On xAI's $500M Fundraise
Billionaire Elon Musk has refuted a recent Bloomberg report that claimed his artificial intelligence company xAI had raised $500 million in funding from investors, calling the report “fake news”.
CryLIVE: Spot Bitcoin ETF Issuers Suck Up 796 Bitcoin On Day 6
Spot Bitcoin exchange-traded funds (ETFs) scooped up another net 796.6 Bitcoin on their sixth trading day, data from X (formerly Twitter) account BitMEX Research showed. This implies that a net $33 million worth of Bitcoin was added to their holdings.
And the same flow and charts in BTC terms: pic.twitter.com/WlmiS2nJbd
— BitMEX Research (@BitMEXResearch) January 20, 2024
Crypto News LIVE: Nine Bitcoin ETFs Excluding GBTC Have Bought $3.2 Billion Worth of Bitcoin Since Launch
Barring the Grayscale Bitcoin Trust ETF, the nine exchange-traded funds tracking Bitcoin have cumulatively purchased $79,618 Bitcoin (BTC) since their launch, valued at over $3.2 billion.
✅ FINAL Update for 1/18 #Bitcoin ETF Holdings👇$GBTC posted their data, showing slightly worse outflow than my estimate.
On a net basis, ETFs bought 27,371 #Bitcoin since ETF launch.
Ready for 1/19 data 🧮$IBIT $FBTC $ARKB $BITB $BRRR $BTCO $HODL $EZBC $BTCW $DEFI $GBTC pic.twitter.com/4ZIM1mSCcZ
— CC15Capital 🇺🇸 (@Capital15C) January 19, 2024
Crypto News LIVE: Bitwise Bitcoin ETF Surpasses $425 Million In AUM In 6 Days
The newly launched Bitwise Bitcoin ETF (BITB) already has an estimated $425 million in assets under management (AUM) after just six days of trading, according to X handle @Capital115C.
MAJOR MILESTONE 🚨
🇺🇸 Bitwise’s Bitcoin ETF, $BITB, hits $425 Million AUM in 6 days, with 10,152 #Bitcoin held 🎉 https://t.co/ypRpMTVBeg pic.twitter.com/P8dszQEF9H
— CC15Capital 🇺🇸 (@Capital15C) January 20, 2024
Crypto News LIVE: Spot Bitcoin ETFs Saw Net Inflow of $33.1 Million On Day 6 of Trading
The US-listed exchange-traded funds tracking Bitcoin saw net inflows of $33.1 million on sixth trading day, according to data compiled by BitMEX Research. Financial services giant Fidelity’s Wise Origin Bitcoin Trust (FBTC) accounted for the lion’s share of inflows at $222.3 million.
Bitcoin Spot ETF Day 6 Flow
All data in. Total net inflow of $33.1m in day 6. pic.twitter.com/3vsuGXMz28
— BitMEX Research (@BitMEXResearch) January 20, 2024
Crypto News LIVE: Grayscale Bitcoin ETF Saw Outflows of $590 Million On Sixth Trading Day
Cash continued to flow out of the Grayscale Bitcoin Trust ETF on the sixth trading day, with traders pulling over $590 million out of GBTC, according to data compiled by BitMEX Research.
Bitcoin Spot ETF Day 6 Flow
All data in. Total net inflow of $33.1m in day 6. pic.twitter.com/3vsuGXMz28
— BitMEX Research (@BitMEXResearch) January 20, 2024
Crypto News LIVE: Shibarium Set To Hit 300 Million Transactions
Shibarium, the layer-2 network backed by Shiba Inu (SHIB) tokens, has completed over 294 million transactions and is marching towards achieving the milestone of 300 million completed transactions, data from Shibarium Scan showed.
Crypto News LIVE: KODDPA Corporations Gets Invitation To Attend the Prestigious NeurIPS AI Summit
Artificial Intelligence quantitative firm KODDPA Corporation has been extended an invitation to attend the prestigious NeurIPS AI summit, scheduled to be held in Canada.
Crypto News LIVE: Ripple Opposes SEC's Request To Produce Financial Statements
Days after the US securities regulator filed a motion in federal court seeking an order to force Ripple into disclosing financial statements from 2022 to 2023, the crypto firm has countered the agency’s efforts, saying it lacks good cause for further discovery concerning post-complaint contracts governing institutional sales.
Crypto News LIVE: US SEC Solicits Public Opinion On Proposal To Allow Options Trading On BlackRock's IBIT ETF
The US Securities and Exchange Commission (SEC) has solicited public feedback with regard to Nasdaq’s proposal to allow options trading on BlackRock‘s iShares Bitcoin Trust ETF.
Crypto News LIVE: Grayscale Dumped $530 Million Worth of BTC In Last 12 Hours
Digital asset manager Grayscale has sent another $12,865 Bitcoin (BTC), valued at nearly $530 million) to crypto exchange Coinbase, on-chain data showed. This comes as Grayscale’s Bitcoin ETF continues to see outflows, while other funds make profits.
NEW: Grayscale sent another 12,865 BTC ($529 million) to Coinbase… 👀 pic.twitter.com/O82cyAGUo5
— Bitcoin Archive (@BTC_Archive) January 19, 2024
Crypto News LIVE: Fidelity Spot Bitcoin ETF Volume Crosses $2 Billion In Five Days
The spot Bitcoin ETF run by Fidelity has surpassed $2 billion in trade volumes in just five days after launch, according to data from X handle@BTC_Archive.
NEW: Fidelity's #Bitcoin ETF has done over $2 BILLION in trading volume in just 5 days! 🚀 $FTBC pic.twitter.com/eLNHYaEReL
— Bitcoin Archive (@BTC_Archive) January 19, 2024
Crypto News LIVE: Former CEO of 'IcomTech' Crypto Fraud Scheme Gets 5 Years in Prison
Marco Ruiz Ochoa, the former CEO of fraudulent crypto mining and trading entity IcomTech, has been sentenced to five years in prison for operating a crypto Ponzi scheme.
Crypto News LIVE: Bitcoin ETF Trade Volumes Edge Higher
The US-listed exchange-traded funds tied to spot trading of Bitcoin, excluding the Grayscale Bitcoin Trust ETF, saw a 12% jump in trade volumes at the close of trading on Friday, according to Bloomberg senior ETF analyst Eric Balchunas.
Crypto News LIVE: CFTC Sues Debiex For Defrauding Investors Out of $2.3 Million
The US commodities regulator, CFTC has filed a lawsuit against crypto platform Debiex, alleging it orchestrated an online romance scam that duped customers out of $2.3 million.
Crypto News LIVE: Elon Musk's xAI Raises $500 Million Funding
Elon Musk’s xAI has secured $500 million in funding from investors, taking another step towards its ambitious $1 billion funding goal. xAI is reportedly eyeing a valuation of up to $20 billion.
