Hot News:
US President-elect Donald Trump Swears in, but Does Not Mention Cryptocurrency in His Inaugural Speech: US President-elect Donald Trump was sworn in and delivered his inaugural speech, but cryptocurrency was not mentioned during the address. Following the speech, Trump signed his first executive orders, with no mention of Bitcoin, strategic reserves, or crypto.
Gary Gensler Steps Down as SEC Chairman, Crypto Supporter Mark Uyeda Appointed: On January 20, Mark Uyeda, a commissioner of the US Securities and Exchange Commission (SEC), was appointed as the interim chairman of the regulatory body by President Donald Trump. At the same time, the SEC announced that Chairman Gary Gensler had officially resigned. Uyeda will lead the SEC until June 5, 2026, when Gensler’s term officially ends and the newly nominated permanent chairman, Paul Atkins, assumes office.
Important Data:
Stablecoins on Solana Increase by $3.13 Billion in the Last 7 Days, Almost 5 Times the Increase on Ethereum: According to Lookonchain’s monitoring, stablecoins (USDT & USDC) on Solana increased by $3.13 billion over the past 7 days, compared to an increase of $652 million in stablecoins on Ethereum (USDT & USDC).
On January 20, Bitcoin ETF Net Inflows of 5,312 BTC, Ethereum ETF Net Outflows of 956 ETH: According to Lookonchain’s monitoring, on January 20, 10 Bitcoin ETFs in the US had net inflows of 5,312 BTC ($555.28 million), with BlackRock seeing an inflow of 3,570 BTC ($373.23 million). BlackRock now holds 563,135 BTC, worth approximately $58.87 billion. On the other hand, 9 Ethereum ETFs saw net outflows of 956 ETH ($3.16 million), with Grayscale seeing an outflow of 5,707 ETH ($18.91 million). Grayscale currently holds 1,391,098 ETH, worth approximately $4.61 billion.
Big Names Speak Out:
Elon Musk: Dark Web Silk Road Founder Ross Ulbricht to Be Released Due to Presidential Pardon: Elon Musk replied to a user on X, stating that the founder of the Dark Web Silk Road, Ross Ulbricht, will be released due to a presidential pardon.
Mark Cuban: May Issue a Meme Coin Similar to TRUMP, with Proceeds Going to the US Treasury: Billionaire Mark Cuban posted on X, stating, “If Meme coins are viable, maybe I’ll issue one, but with a twist. Same terms as TRUMP, 20% circulating supply, same release schedule.”
Regulatory Developments:
Korean Financial Intelligence Unit Grants VASP License to Crypto Brokerage Happy Block: The Korean Financial Intelligence Unit (FIU) has granted a VASP license to crypto brokerage Happy Block, indicating it may soon be ready to allow the company to buy Bitcoin and other crypto assets. Last December, the FIU also granted a VASP license to another brokerage, Waybridge.
European Securities and Markets Authority Urges Companies to Limit Stablecoins Not Compliant with MiCA: As one of the main regulators for EU financial markets and MiCA compliance, the European Securities and Markets Authority (ESMA) recently released a statement regarding asset-referenced tokens (ART) and stablecoins. The agency urged crypto asset service providers (CASPs) to take urgent measures regarding stablecoins that do not comply with MiCA regulations. While pushing for these measures, ESMA did not specify which non-compliant issuers or stablecoins should be restricted.
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