Biton Daily New(January 22)

Hot News:

1. Trump Signs Pardon for Silk Road Founder Ross Ulbricht U.S. President Trump has announced that he has signed a pardon for Ross Ulbricht, the founder of the Silk Road dark web marketplace.

2. Hester Peirce to Lead SEC’s Newly Established Cryptocurrency Task Force The U.S. Securities and Exchange Commission (SEC) acting chairman, Mark Uyeda, has established a special cryptocurrency task force “to create a comprehensive and clear regulatory framework for cryptocurrency assets.” Commissioner Hester Peirce will lead the task force. The task force’s focus will be on helping the SEC define clear regulatory boundaries, providing feasible registration pathways, setting up reasonable disclosure frameworks, and wisely deploying enforcement resources.

Key Data:

1. Google Trends: "How to Buy Crypto" Searches Hit Peak Google Trends data shows that the search volume for “How to buy crypto” has reached an all-time high, peaking at 100. This is the first ATH (All-Time High) in four years.

2. Trump Family Crypto Project WLFI Spends $223.9 Million on 7 Tokens, Currently at a $2.67 Million Loss According to on-chain analyst Yu Jin, Trump’s family crypto project, WLFI, has spent $223.9 million on seven different tokens, with a current unrealized loss of $2.67 million.

Big Voices:

1. Trump Responds to Issuing Coins: "I’m Not Sure If TRUMP Coin Is Profitable, But I’ve Heard It’s Very Successful" Trump responded to issuing a coin: “I’m not sure if TRUMP Coin is profitable, I don’t know much about it, but I’ve heard it’s very successful.” Market data shows that TRUMP Coin fell by -27%.

2. Coinbase CEO: Bitcoin Is Being Monitored by Global Finance Ministers, Could Reach Millions of Dollars Long-Term Brian Armstrong, CEO of Coinbase, said in an interview that long-term, Bitcoin could reach millions of dollars. He pointed out that Bitcoin has made significant progress and more institutional investors are expected to enter the market through ETFs. They seem to believe that the positive stance toward cryptocurrency from U.S. President Trump will benefit the market.

Other News:

1. Musk Officially Takes Office at U.S. Government Efficiency Department; Chief Diversity Officer Executive Committee Is the First to Be Axed Elon Musk has officially joined the U.S. Government Efficiency Department (DOGE), with the first department to be cut being the Chief Diversity Officer Executive Committee. Reports indicate Musk has requested the Government Personnel Management Office to delete the committee’s website, signaling that the entire department is either already closed or will be.

2. REX Submits ETF Applications for TRUMP, BONK, DOGE, and Other Meme Coins to the SEC REX Shares has submitted a series of cryptocurrency ETF applications to the U.S. SEC, including the recently launched TRUMP fund and ETFs for BONK and DOGE. The filing also seeks to create funds for BTC, ETH, SOL, and XRP.