Crypto News Highlights: Terraform Labs (TFL) files for Chapter 11 bankruptcy protection in Delaware. The debtor reports assets between $100-$500 million and liabilities of $100-$500 million. The petition declares that funds will be made available to unsecured creditors. CEO Chris Amani stated that bankruptcy filing will help the company come out of the legal and other setbacks.
The crypto market cap falls nearly 2% to $1.61 trillion amid a broader selling pressure. Bitcoin price pullback to trade near $41,000, down almost 2% with no major change in trading volume in the last 24 hours. Top altcoins Ethereum, Solana, XRP, Cardano, and others tumbled 2-5%. Ethereum price is trading at $2,431, down 2% in the last 24 hours.
Crypto News LIVE: Alameda Research Drops Lawsuit Against Grayscale Investments
Alameda Research, affiliated with bankrupt FTX, has withdrawn its lawsuit against Grayscale Investments, originally filed to unlock over $9 billion for shareholders by altering Grayscale trusts.
Crypto News LIVE: U.S. Treasury Sanctions Crypto Networks Tied to Hamas
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has announced new sanctions targeting networks and facilitators of cryptocurrency transactions linked to Hamas, following the group’s October attacks on Israel. These sanctions, part of a coordinated effort with the UK and Australia, aim to disrupt financial channels, including crypto, used to support Hamas’s terrorist activities.
Crypto News LIVE: Grayscale Moves $900M+ Bitcoin to Coinbase in Mega Transfer
Grayscale recently transferred over $900 million in Bitcoin to the Coinbase exchange, marking a significant move in the cryptocurrency market.
JUST IN: Grayscale has just sent a whopping $900,000,000+ worth of #Bitcoin to Coinbase exchange.
Looks like they’re getting ready to dump even more! Be careful, folks! pic.twitter.com/rPaEMRfo7n
— WhaleWire (@WhaleWire) January 22, 2024
Crypto News LIVE: Cathie Wood Defends Bitcoin's Decentralization Value
Cathie Wood, known for the $ARKB ETF, counters Wall Street’s fear, uncertainty, and doubt about Bitcoin by highlighting its decentralized nature, citing the involvement of thousands of developers, nodes, miners, and users worldwide. She emphasizes their collective role in bolstering Bitcoin’s value and integrity.
NEW: Cathie Wood, issuer of the $ARKB ETF, fights Wall Street FUD by arguing #Bitcoin is decentralized
"Thousands of developers, nodes, miners, and users around the world are enhancing its value." 👏 pic.twitter.com/nZCFJlJhkL
— Bitcoin Magazine (@BitcoinMagazine) January 22, 2024
Crypto News LIVE: Vanguard Nears BlackRock with Record $8.6T AUM Growth
Vanguard’s assets surged by $1.2 trillion last year, hitting a record $8.6 trillion, closing in on BlackRock’s lead with 86% of its AUM compared to 61% a decade ago. This growth trajectory positions Vanguard to surpass BlackRock as the top asset manager by the decade’s end, with both firms significantly ahead of third-placed Fidelity.
Vanguard’s assets grew by $1.2T last yr to reach $8.6T a new all time high, they now have 86% of the aum BlackRock has (up from 61% ten years ago) which has them on pace to pass them for #1 spot by end of decade-ish altho the two of them in league of own, both double #3 Fidelity pic.twitter.com/QPkaPDtEOJ
— Eric Balchunas (@EricBalchunas) January 22, 2024
Crypto News LIVE: Crypto Community Reacts to Warren's Sanction Claims
Senator Elizabeth Warren received significant community attention for her statement that nations use cryptocurrencies to evade sanctions and threaten national security.
No! Your bill is a backdoor ban. Be honest and call it what it is. Pushing technology overseas so our adversaries can dominate it undermines national security. https://t.co/LVdWURC45z
— Perianne (@PerianneDC) January 22, 2024
Crypto News LIVE: FTX Clears $1B in Grayscale Bitcoin ETF, Eases BTC Pressure
FTX has completed the sale of approximately $1 billion worth of Grayscale’s Bitcoin ETF, which may ease selling pressure on BTC following a unique liquidation event related to its bankruptcy proceedings. This significant sell-off is a key factor in recent Bitcoin price declines.
Crypto News LIVE: Fidelity Bitcoin ETF Grows to $1.22B with $216M Inflows
Fidelity’s Bitcoin ETF (FBTC) attracted 5,312 BTC worth $216.3 million in the last 5 hours, bringing its total holdings to 29,907 BTC valued at $1.22 billion. Meanwhile, Bitwise’s Bitcoin ETF (BITB) received 1,352 BTC worth $55.71 million from Flow Traders 2 hours ago, increasing its holdings to 10,152 BTC valued at $412.71 million.
Crypto News LIVE: Grayscale Ramps Up Bitcoin ETF Marketing Campaign
Grayscale intensifies its marketing efforts for its Bitcoin ETF, with ads appearing on various media platforms, including posters and television, as competition among spot Bitcoin ETF issuers heats up.
Crypto News LIVE: Shiba Inu Community Warned About Fake Airdrops
Shiba Inu’s SHIB army receives a warning from Shibarmy scam alerts about fraudulent NFTs claiming to be airdrops of SHIB and BONE. The community is urged to be cautious, hide such scam NFTs, and avoid connecting wallets to suspicious websites to protect against increasing scams and false information spread across social platforms. Shiba Inu emphasizes that it does not create such groups or accounts.
#Shibarmy, beware of the many SCAM NFTs sent out to wallets, claiming to be SHIB or BONE airdrops, or any other asset!
Those are sent in multiple chains. Always hide and report all in your wallet!
If any NFT requests you to go to a website, it's a scam!
Stay safe! pic.twitter.com/wsEAYTAwlo— Shibarmy Scam Alerts (@susbarium) January 22, 2024
Crypto News LIVE: Michael Novogratz: Bitcoin Accessibility Improves for Boomers
Galaxy Digital CEO Michael Novogratz predicts that despite the potential selling of GBTC, investors will likely transition to other ETFs, making it easier for older generations to invest in Bitcoin. Novogratz believes the current market turbulence will subside, and Bitcoin will see higher prices in six months.
NEW: “While I think people will sell GBTC, most will switch into other ETFs.
Let’s not miss the forest through the trees.
It’s now far easier for boomers to buy corn.
This indigestion will end and #BTC will be higher in 6 months,” says Galaxy Digital CEO Michael Novogratz pic.twitter.com/oIgeApLt39
— Bitcoin News (@BitcoinNewsCom) January 22, 2024
Crypto News LIVE: Yassin Mobarak Captures XRP Community's Growing Despair
Yassin Mobarak voices the XRP community’s growing frustration and sense of defeat, highlighting a stark contrast to their united front during the SEC lawsuit. He observes the community’s dwindling hope as XRP lags behind other altcoins, ending with a reflective quote on resilience.
Crypto News LIVE: Samson Mow Hails Bitcoin at 1000x Better Than Currency
Samson Mow asserts Bitcoin’s superiority over traditional currencies and gold, claiming it’s a 1000x improvement in monetary technology. He believes the concept of diminishing returns is obsolete with Bitcoin’s game-changing impact.
There are no diminishing returns when a step change takes place. Bitcoin is not a marginally better $ or gold. #Bitcoin is a 1000x improvement on any monetary technology devised in all human history. Diminishing returns is an irrelevant concept when the entire game has changed. pic.twitter.com/0jbotFLDqc
— Samson Mow (@Excellion) January 22, 2024
Crypto News LIVE: Terraform Labs Ensures Operations Continue During Bankruptcy Process
Terraform Labs (TFL) files for Chapter 11 bankruptcy to sustain operations and address legal challenges in Singapore and the US. The company assures it will meet all financial commitments during the process without extra financing.
1/ TFL has proactively filed for Chp. 11 protection, an action that will allow for continued operations and support the Terra community while resolving outstanding legal proceedings.
Please see the press release for more information, or keep reading ⤵️https://t.co/zRuIrtwpRv
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) January 22, 2024
Crypto News LIVE: ETH Drops 4.09% as Foundation Liquidates Assets
Ethereum Foundation sells 700 ETH, stacking $1.68 million in DAI as Ethereum’s price drops 4.09% in 24 hours, sparking community speculation. Web3 firms like Ripple Labs continue to trend with significant internal fund transfers.
Crypto News LIVE: Shiba Inu Burn Rate Jumps 543% Amid Price Decline
Shiba Inu‘s burn rate soared by 543% in the last 24 hours, contrasting its 4.5% price drop, as whale transactions spike by 175%, moving 940.41 billion SHIB in high-value trades.
Crypto News LIVE: Ethereum Foundation Swaps Over $1 Mln ETH For DAI
According to a report, the Ethereum Foundation recently swapped nearly $1.5 million worth of ETH for DAI, a stablecoin, just before the Ethereum price tumbled below $2,400.
The Ethereum Foundation (0xd7…c1f4) sold 700 ETH on Cow Protcol between 16:54-17:05 UTC+8 at a price of $2,406 and exchanged it for 1,684,445 DAI. The DAI was then transferred to the Ethereum Foundation for funding disbursement. The address of Grant Provider: 0x9e…313D.…
— Wu Blockchain (@WuBlockchain) January 22, 2024
Crypto News LIVE: Arthur Hayes Foresees Bitcoin Price Below $40K
Bitmex’s co-founder Arthur Hayes anticipates that the Bitcoin price will dump below the $40,000 mark. Moreover, he states that the price may continue to plunge until the U.S. Treasury quarterly refunding announcement comes to light on January 31.
$BTC looks mad heavy. I think we break $40k. I went long some 29Mar $35k strike puts. I think we dump into the 31Jan US Treasury qtly refunding annc. Is Janet Yellen or Talkin'? pic.twitter.com/lyjqNmldzh
— Arthur Hayes (@CryptoHayes) January 22, 2024
Crypto News LIVE: Justin Sun Spotlights The Destruction Of 41 Mln HT Tokens
As per a recent statement issued by TRON founder Justin Sun, all HT tokens held by the Huobi team have been destroyed as a part of the HTX DAO launch plan. HT is the native cryptocurrency of Sun’s HTX exchange. Moreover, the total number of tokens destroyed equals 41 million HT.
We have already destroyed all the HT owned by the Huobi team, totaling 41 million HT, as part of the HTX DAO launch plan. 作为@HTX_DAO 启动计划的一部分，我们已经全部销毁了火币团队拥有的全部HT。https://t.co/lStH4DHUq4
— H.E. Justin Sun 孙宇晨 (@justinsuntron) January 22, 2024
Crypto News LIVE: Hong Kong's Financial Secretary Shares Key Insights For Upcoming Budget
The Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan Mo-po, along with Deputy Secretary Wong Wai-Lun, shared optimism that the upcoming budget may potentially orbit around “zero tax increase, less levy, and increased momentum.” This contrasts with the numerous tax proposals put ahead by the public, sparking speculations within the nation.
今早與香港特區財政司陳茂波及副司長黃偉綸見面，表達希望預算案的大原則是「零加稅、少徵費、增動能」，反對坊間提出的不同加稅建議，包括徵收資產增值稅、離境稅及虛擬資產印花稅；認為要加強各行業的發展動能，拆牆鬆綁，大力發展Web3 產業等。 pic.twitter.com/uH8whQKcs5
— Johnny Ng 吴杰庄 (@Johnny_nkc) January 22, 2024
Crypto News LIVE: Magpie Reveals Integration With EingenLayer, Eyes Ethereum Ecosystem Development
Magpie, a multi-chain yield and veTokenomics boosting services provider, recently announced plans to merge forces with EigenLayer, an Ethereum re-staking protocol.
With this, the projects aim to introduce a SubDAO, Eigenpie, to facilitate liquid restaking services, leveraging the EigenLayer framework.
We are thrilled to announce our integration with @eigenlayer as we aim to support the @ethereum ecosystem!📢
Introducing: @Eigenpiexyz_io
Eigenpie is a sophisticated SubDAO crafted by @magpiexyz_io, meticulously designed to offer Liquid Restaking Services through the framework… pic.twitter.com/IVriRISzqc
— Magpie (@magpiexyz_io) January 22, 2024
Crypto News LIVE: ZKFair Unveils First Launchpool Project FairStake
ZKFair, a ZK L2 network, recently revealed the launch of its first-ever launchpool project, FairStake, starting January 25 at 11:00, Beijing time. With this, the community aims to offer users a higher APY and increased flexible liquidity while staking their ZKF.
🚀Introducing ZKFair's first Launchpool project – FairStake.
🧐Think of FairStake as the Lido on ZKFair, offering users more staking rewards! As mentioned earlier, after communication with the @FairStakeHQ team, $ZKF holders (on ZKFair L2 only), $ZKF stakers, and .zfk DID… https://t.co/8oqoUtOlRJ
— ZKFair Community (@ZKFCommunity) January 22, 2024
Crypto News LIVE: Crypto Market Expert States Bitcoin Slumps As Altcoins Continue Correction
A prominent crypto market expert, Michael van de Poppe, spotlighted Bitcoin’s recent run towards range lows as altcoins continued to correct themselves. Notably, the BTC price currently trades below $41K.
#Bitcoin getting towards the range lows and altcoins continuing the correction.
People losing faith and sentiment starts to switch.
That’s good.
— Michaël van de Poppe (@CryptoMichNL) January 22, 2024
Crypto News LIVE: Crypto.com Affirms Terra Luna Classic (LUNC) Delisting
Crypto.com, a renowned cryptocurrency exchange, recently portrayed that the firm plans to delist the LUNC token as of February 15. This aligns with a recent event wherein some Terra community members received emails about the token’s abrupt delisting.
However, no official statement has been released yet.
Crypto News LIVE: Solana Memecoin MYRO Soars 20% Amid BitMEX's Listing Announcement
MYRO, a Solana-backed meme coin, noted a 20% surge in its price amid BitMex’s MYROUSDT Perpetual Contract listing announcement. The contract offers users up to 10x leverage when trading on BitMEX.
Furthermore, the crypto trading platform is all set to commence MYROUSDT trading starting tomorrow, January 22, at 04:00 UTC.
The next 🐶 #memecoin brewing at BitMEX? @MyroSOL.
Our new $MYRO perp is on its way…
📈10x leverage, margined in $USDT
📅23 January at 04:00 UTC➕ Enjoy a 1.15 maker rebate with our latest fee update for all USDT pairs.
Contract details👇https://t.co/7bppSspa5w
— BitMEX (@BitMEX) January 22, 2024
Crypto News LIVE: Bitcoin Price Now Below $41K
The Bitcoin price is now trading below the $41K mark. Market charts showcase that the price currently rests at $40,874.39, fueling speculations globally.
Crypto News LIVE: Trump Eyes Shielding America From CBDC Threat, Gains Backing
Donald Trump recently portrayed a contrasting stance on the use of CBDC in America, citing concerns over threats to the nation’s financial privacy. Intriguingly, House Majority Whip Tom Emmer advocated this sentiment.
Crypto News LIVE: Binance Unveils Plans To Burn Noteworthy Amounts Of Binance-pegged Tokens
As per Binance’s recent post on X, the crypto exchange is all set to burn a considerable amount of Binance-pegged tokens across various chains. The similar value of these tokens on their native networks, serving as collateral, will subsequently be released.
Today #Binance will burn a significant amount of Binance-pegged tokens on various chains.
The equivalent amount of these tokens on their native networks, which were used as collateral, will then be released.
— Binance (@binance) January 22, 2024
Crypto News LIVE: Shiba Crypto Community Moves Another 30 Mln SHIB To Dead Wallet
As per the most recent data revealed by Shibburn, another 30.41 million SHIB were transferred to a dead wallet today, January 22. With this, the burn rate is now up 1299.53% in the last 24 hours.
🔥 30,462,825 $SHIB -> transferred to dead wallet. https://t.co/NAmhVSKO8x
— Shibburn (@shibburn) January 22, 2024
HOURLY SHIB UPDATE$SHIB Price: $0.00000924 (1hr -0.46% ▼ | 24hr -2.54% ▼ )
Market Cap: $5,455,076,948 (-2.34% ▼)
Total Supply: 589,292,113,864,421TOKENS BURNT
Past hour: 30,462,825 (1 transaction)
Past 24Hrs: 56,601,159 (1299.53% ▲)
Past 7 Days: 193,710,986 (-97.94% ▼)— Shibburn (@shibburn) January 22, 2024
Crypto News LIVE: Uranium Finance Exploiter Bridges 2.5 Mln BUSD From BNB Chain To Ethereum
As per on-chain metrics revealed by PeckShieldAlert, the address labeled Uranium Finance Exploiter recently bridged 2.5 million BUSD from BNB Chain to Ethereum. Following this, the Ethereum address garnered 812 ETH and a staggering $505.5K in stablecoin.
#PeckShieldAlert #UraniumFinance Exploiter- labeled address has bridged 2.5M $BUSD from #BNBChain to #Ethereum via Li[.]fi
The Ethereum address has received 812 $ETH and ~$505.5K in stablecoin pic.twitter.com/EZXZwJYTxK— PeckShieldAlert (@PeckShieldAlert) January 22, 2024
Crypto News LIVE: ONDO Finance Widens Scope, Eyes Facilitating US Asset Investments in APAC
Ondo Finance, one of the most eminent on-chain finance entities, recently announced plans to broaden its area of functionality, now encompassing the APAC region. With this, the firm primarily hopes to jack up investments in U.S.-based asset classes in a tokenized form.
Crypto News LIVE:Coinbase CLO Retorts US GAO's Concerns Over Digital Assets' Evasion Of Sanctions
The Chief Legal Officer at Coinbase, Paul Grewal, recently cracked down on the U.S. GAO’s report on how using cryptocurrencies aids in evading U.S. economic sanctions.
Zero comparative analysis performed. Heck, zero analysis whatsoever performed. Instead they harangue an industry that spends millions and millions to follow the law. Ask yourself— why? https://t.co/a7VKV0vKR4
— paulgrewal.eth (@iampaulgrewal) January 22, 2024
Crypto News LIVE: SatoshiVM Team's Wallet On An SAVM Selling Rampage
As per on-chain data hovering over the crypto market, a wallet related to SatoshiVM’s team is selling SAVM. Lookonchain spotlighted the transfer of 420K SAVM from the team’s wallet to another address, 0xfdac. This address further shifted SAVM to 24 new wallet addresses and sold 124,739 SAVM for 504 ETH.
A wallet related to the @SatoshiVM team is selling $SAVM!
Wallet"0xfdac" received 420K $SAVM($4.7M) from the @SatoshiVM team wallet.
Then transferred 189,700 $SAVM($2.12M) to 24 new wallets and has sold 124,739 $SAVM for 504 $ETH($1.24M) currently.https://t.co/byXve425jY pic.twitter.com/UgxgXGXvrl
— Lookonchain (@lookonchain) January 22, 2024
Crypto News LIVE: Shiba Inu Burn Rate Jumps 500% As Community Burns 14 Mln SHIB
Shiba Inu, a prominent meme coin, noted a 543% surge in its burn rate today, with over 26.13 million SHIB incinerated over the past 24 hours. As per data surfacing over the crypto horizon, the community transferred a staggering 13.63 million SHIB to a dead wallet, amounting to the lion’s share in today’s incinerated tokens.
HOURLY SHIB UPDATE$SHIB Price: $0.00000925 (1hr 1.09% ▲ | 24hr -2.57% ▼ )
Market Cap: $5,452,662,297 (-2.63% ▼)
Total Supply: 589,292,144,327,247TOKENS BURNT
Past 24Hrs: 26,138,334 (543.6% ▲)
Past 7 Days: 163,248,160 (-98.27% ▼)— Shibburn (@shibburn) January 22, 2024
Crypto News LIVE: Whale Dumps 27 Mln XRP To Bitstamp
The Ripple-backed token jotted down another massive whale transaction today. As per on-chain data, 26.8 million XRP, worth $14.75 million, was transferred to Bitstamp.
🚨 26,800,000 #XRP (14,757,546 USD) transferred from unknown wallet to #Bitstamphttps://t.co/HBF5CRuLFe
— Whale Alert (@whale_alert) January 21, 2024
Crypto News LIVE: US Bitcoin ETFs Now Hold Nearly 639K BTC
As per recent market data spotlighted by an eminent crypto market analyst, Ali Martinez, the U.S. Bitcoin ETFs now hold 638,900 BTC, worth $27 billion.
#Bitcoin ETFs in the US now hold over 638,900 $BTC, worth around $27 billion! Probably nothing… 👀 pic.twitter.com/IQbM2DT4FJ
— Ali (@ali_charts) January 22, 2024
Crypto News LIVE: Summer Capital Partners Web3Labs & Zetrix To Revolutionize Web3 in Hong Kong
Summer Capital, a prominent venture capital firm, recently merged forces with Zetrix, a leading layer-1 public blockchain platform, and Web3Labs to foster Web3 development in Hong Kong. The partnership falls in line with the country’s recent projection of the Fintech promotion roadmap and aims to facilitate blockchain infrastructure for government-related applications.
Crypto News Live: Ethereum Remains In the Key Demand Zone
Crypto analyst Ali Martinez predicts Ethereum (ETH) price at inflection point. ETH price trades within a crucial demand zone, fluctuating between $2,388 and $2,460. According to Martinez, the strength of this support level will determine the trajectory for Ethereum in the near term, but cautions about a potential drop to $2000.
Crypto News Live: Ethereum Client Nethermind Validator Issue Hotfix Released
The hotfix for the Nethermind validator issue is released. This fix aims to resolve the consensus issues introduced by Nethermind in its latest version, v1.23.0. Previously, some users stated that the latest version of Nethermind had some unknown problems, which caused the validator to lose proofs and block processing.
A fix for the issue affecting Nethermind validators has been released: https://t.co/t5npVIxGuR
— EthStaker 🦇🔊 (@ethStaker) January 21, 2024
Crypto News Live: Terraform Labs (TFL) Files For Bankruptcy In US
Terraform Labs files for voluntary chapter 11 bankruptcy protection in Delaware. Chris Amani CEO of Terraform Labs, said “This step protects our ability to continue working with the community on infrastructure, innovative tools and products, and other ecosystem support.”
Crypto News Live: Bitcoin Price Moving Towards $40,000
Bitcoin price pullback towards $40,000, paring earlier gains. BTC price trades at $41,093, down 2% in the last 24 hours.
