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$7.2 billion worth of crypto will be unlocked in the first month of this year, potentially creating market volatility
Quick Take During a Bloomberg TV interview on Wednesday, SEC Chair Gary Gensler repeated his assertion that crypto is “rife with bad actors.” He also drew comparisons to former president Donald Trump-appointed Chair Jay Clayton.
Quick Take Pump.science’s longevity experiments on laboratory mice will involve giving the animal subjects potentially “life extending compounds” and then testing their physical endurance. Using video of the mice trying to stay on a rotating rod and provided data, people will be able to wager the mice’s performance on the Solana-based, prediction platform Hedgehog Markets.
Quick Take CFTC Chair Rostin Behnam made his last public speech on Wednesday at a Brookings Institution event in Washington, D.C., repeating his call for Congress to fill a gap in crypto regulation. Behnam said the legislation would take time, noting a new presidential administration and new makeup in Congress.
Quick Take The criminal trial of Terraform Labs founder Do Kwon has been tentatively scheduled for late January of next year. Kwon, who pleaded not guilty, could face up to 130 years in prison if convicted of the nine charges related to the collapse of his failed TerraUST stablecoin.
Quick Take The U.S. entities’ bitcoin reserves share over non-U.S. entities reached a ratio of 1.65 as of Jan. 6, according to CryptoQuant data. The share of bitcoin reserves held by U.S. entities soared between last September and December, during which Donald Trump was reelected as U.S. President.
- 06:31Analyst: Trump’s Weekend Tariff Hike Puts Market Resilience to the Test AgainAccording to a report by Jinse Finance, analysts have noted that financial markets, which have become increasingly insensitive to U.S. tariff threats, will face a test when they open on Monday, following Trump’s weekend announcement of a 30% tariff on the European Union and Mexico starting August 1. Recently, Trump has ramped up trade measures, pledging to impose more tariffs on all countries from Canada to Brazil to Algeria, and inviting trade partners for further negotiations. Although warnings not to take the situation lightly have been issued by figures such as JPMorgan CEO Jamie Dimon, investors so far seem to be betting that the U.S. president will back down again, as they have witnessed previous abrupt reversals. Brian Jacobsen, Chief Economist at Annex Wealth Management, stated, “Investors should not simply dismiss Trump’s threat of a 30% tariff on EU goods as mere posturing. This tariff level is punitive, but it may hurt the EU more than it affects the U.S., so the clock is ticking.”
- 06:31USDC Treasury burns approximately 56.67 million USDC on the Ethereum blockchainAccording to a report by Jinse Finance, WhaleAlert monitoring shows that about 5 minutes ago, the USDC Treasury burned 56,673,853 USDC on the Ethereum blockchain.
- 06:21El Salvador acquires 8 more BTC in the past 7 days, bringing total holdings to 6,236.18 BTCAccording to Jinse Finance, El Salvador has acquired 8 more Bitcoins in the past 7 days, bringing its total Bitcoin holdings to 6,236.18 BTC, with a total value of $734 million.