AICoin Focus: Daily Hot Picks (January 14)

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1. A U.S. judge has requested the SEC to explain its rejection of cryptocurrency rule requests, requiring the SEC to provide a detailed explanation for its decision not to formulate regulations for crypto assets, a ruling that may impact its future regulatory policies.

2. Bloomberg analysts believe the biggest risk facing Bitcoin is a decline in U.S. stocks, but Trump may strive to keep the stock market rising, so there is no need to worry too much about a Bitcoin pullback in the short term.

Bloomberg senior ETF analyst Eric Balchunas stated on social media, "I have always said that the biggest risk facing Bitcoin is a decline in U.S. stocks (the 'baby boomer market'). This is the price of becoming a 'hot sauce' asset; while it has its benefits, it also has drawbacks. That said, gold is also down, but not nearly as much. The good news is that Trump may do everything he can to keep U.S. stocks rising, so personally, I am not too worried about these short-term pullbacks." -Original

3. The U.S. Supreme Court has rejected Binance's request for a review of the applicability of securities laws, confirming that U.S. securities laws apply to exchanges without a physical presence.

The U.S. Supreme Court has dismissed a request from cryptocurrency exchange Binance and its founder Changpeng Zhao. Binance and Zhao sought to have the Supreme Court review a lower court ruling that determined that U.S. securities laws apply to the exchange even if it does not have a formal physical location. -Original

4. BlackRock has launched a new Bitcoin ETF on the Canadian Chicago Options Exchange, demonstrating ongoing institutional interest in crypto assets.

According to market news, BlackRock has launched a new Bitcoin ETF on the Canadian Chicago Options Exchange. -Original

5. President-elect Trump is expected to abolish the crypto accounting policy that requires banks to count digital assets as liabilities.

6. Robinhood has been fined $45 million by the SEC for multiple securities violations, involving cybersecurity and compliance issues.

According to an announcement from the U.S. Securities and Exchange Commission (SEC), Robinhood Securities LLC and Robinhood Financial LLC have agreed to pay a total of $45 million in civil penalties for violating over 10 provisions of securities laws. Violations included failing to timely submit suspicious activity reports, not implementing adequate identity theft protection measures, not addressing known cybersecurity vulnerabilities, and not properly maintaining customer communication records. Additionally, Robinhood Securities was separately charged for failing to provide complete securities trading data and not complying with Reg SHO rules. These issues occurred between 2019 and 2023. The SEC stated that both companies have acknowledged some of the investigation's findings and agreed to accept penalties. -Original

7. MoonPay has acquired crypto payment processor Helio for $175 million, aiming to expand its crypto trading and market scale.

The deal is valued at $175 million. The Miami-based company aims to leverage Helio's products to expand its trading and market scale. MoonPay CEO and co-founder Ivan Soto-Wright stated in a statement, "This acquisition is an important step forward in advancing our vision for the future of payments." "Helio's technology and expertise enhance our ability to provide efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and markets." Helio is a London-based startup founded in 2022 that enables businesses to process payments using digital currencies such as USDC, SOL, BTC, and ETH. Helio has processed over $1.5 billion in transactions and has integrated with platforms like Discord, WooCommerce, and Shopify. The company supports over 6,000 merchants and 1 million users. Meanwhile, the statement noted that MoonPay has over 20 million users. Previously, MoonPay established a strategic partnership with PayPal in May, allowing users to buy and sell over 100 cryptocurrencies on its platform using PayPal accounts. Subsequently, in October, PayPal announced that eligible U.S. users could fund their MoonPay accounts using Venmo. -Original

8. U.S. stocks closed mixed, with the Nasdaq down 0.38%, reflecting market volatility.

U.S. stocks closed with the Dow up 0.86%, the Nasdaq down 0.38%, and the S&P 500 up 0.16%. -Original

9. The cryptocurrency market saw a liquidation amount of $420 million, with significant market volatility.

The current total market capitalization of cryptocurrencies is $3.22 trillion, with $95.289 billion evaporated in 24 hours, a decline of 2.87%. Bitcoin's market cap accounts for 56.54%, while Ethereum's market cap accounts for 11.86%. -Original

10. QCP Capital points out that the U.S. economy shows signs of overheating, with important economic data set to be released in the coming days that will test market performance.

Singapore crypto investment firm QCP Capital stated today that inflation seems to be back, and the U.S. economy indeed shows signs of overheating, with last Friday's non-farm payrolls surging by 256,000, far exceeding the forecast of 164,000. After the release of last week's macro data, any rumors of an imminent rate cut have dissipated, and the stock market has also seen a significant decline. Tariffs that may be implemented during the Trump era have raised further inflation concerns. Despite the unfavorable macro environment, rumors of the Silk Road persist, but cryptocurrencies seem to have stabilized, as support levels of $91,000 and $3,100 remain intact. Implied volatility is also at relatively low levels and continues to decline, with only a slight bearish bias in the front-end market just before Trump's inauguration. Although the volatility market has not reacted much, cryptocurrencies have not escaped the predicament. The macro storm still looms, with the Producer Price Index (January 14), Consumer Price Index (January 15), and initial jobless claims (January 16) set to be released, all of which could add fuel to the market's fire. As the U.S. economy heats up, this week will be a real test for cryptocurrencies to see if they can serve as a hedge against inflation. -Original

11. The Ethereum Foundation has launched a new X account to share the latest updates and project progress.

According to official news, the Ethereum Foundation has announced the launch of a new X account, which will be used to share the latest updates from the Ethereum Foundation, including: 1. Updates from the EF team; 2. News about EF projects and funding; 3. Disclosures regarding the flow of EF treasury funds. -Original

12. Bithumb has applied to change its partner bank to KB Kookmin Bank, which, if approved, will affect its trading processes.

South Korean cryptocurrency exchange Bithumb is applying to change its partner bank to KB Kookmin Bank. The Financial Intelligence Unit (FIU) of the South Korean Financial Services Commission has recently accepted Bithumb's report regarding the change of the bank issuing real-name accounts. If approved, starting from March 24, customers trading cryptocurrencies on Bithumb will need to use Kookmin Bank accounts. According to current laws, South Korean cryptocurrency exchanges operate under the principle of "one company, one bank." Under the Specific Financial Information Act, trading platforms must establish a real-name account partnership with designated commercial banks to trade in Korean won. Bithumb has had a real-name account contract with NongHyup Bank since 2018 and has been trying to change its partner bank since last year. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).

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