According to BlockBeats, on January 13th, according to Lookonchain monitoring, a wallet address associated with Longling Capital withdrew 10000 ETH (approximately $30.76 million) from Binance, then borrowed 9 million USDT from Aave and deposited it into Binance.
Odaily Planet Daily News: Two insiders revealed that the US SEC is currently requiring its lawyers to obtain high-level approval before officially launching an investigation. The new requirement stipulates that law enforcement officers must obtain permission from politically appointed commissioners in order to issue subpoenas, request documents, and compel testimony. Previously, staff had the authority to independently initiate formal investigations, while SEC commissioners supervised the entire process. This change occurred after the leadership changes at the SEC, including the departures of former chairman Gary Gensler and Democrat Jaime Liz á rraga last month. President Trump has appointed Mark Uyeda as acting chairman of the committee, which currently consists of three members: Uyeda, Hester Peirce, and Caroline Crenshaw. According to former bank advisor and current NFT market analyst Tyler Warner, the new system will prevent "malicious attacks". SEC commissioners will act more cautiously and are unlikely to approve investigations without conclusive evidence. On the other hand, this procedural change may pose a risk of legal fraud cases being overlooked or delayed. It's too early to say whether it's a net positive or negative, although I lean towards the positive, "Warner added. During the previous administration, the SEC needed approval from two enforcement officers to officially initiate an investigation (sources did not specify whether the committee had officially voted to revoke the previous authorization), and enforcement officers could continue informal investigations, including sending information requests, without the commissioner's approval. (Reuters)
The PRO large transaction indicator accurately captures the main trend! According to the latest data, after a major player on Coinbase sold $6.77 million at market price in the morning, BTC encountered resistance in the 45 minute cycle, with short-term pressure in the moving average range of $98525~$98715, and the MACD yellow white line still below the zero axis. The short-term trend is cautious, and it is recommended to break through key resistance before bullish. It is worth noting that in the past 48 hours, Coinbase's main players have made two moves, buying over $16 million in total and helping BTC rise by 8.65%. The large transaction index is the main indicator, which can track the real-time market transaction situation of large investors, with buying transactions being bullish and selling transactions being bearish. The data is for reference only and does not constitute investment advice!
Odaily Planet Daily News Official announcement shows that BitMart will launch the Venice Token (VVV) perpetual contract on February 5, 2025 at 17:00 (UTC+8), with a maximum leverage of 20 times. At that time, VVV/USDT trading pairs will be opened, and trading will be synchronized. Venice Token is an artificial intelligence platform with privacy protection, decentralization, and uncensored as its core, integrating open-source models including Deepseek at the bottom.
Odaily Planet Daily News: Venture capital firm a16z has issued an article stating that the US Department of Justice (DOJ) should stop holding DeFi protocols accountable for their non inciting and uncontrollable illegal behavior. The article points out that "holding people accountable for systems and activities that they do not have power or control over can lead to adverse consequences. Unfortunately, the Department of Justice ignores this distinction and attempts to do so by holding software developers accountable for the behavior of third parties using neutral tools that they initially created but no longer control The agency stated that the "biggest policy focus" of the new US presidential administration on cryptocurrency should be to "compile a correct and legal understanding of 'control' in the law A16z believes that this is particularly important for determining whether cryptocurrency companies are eligible to become "fund transfer businesses," as this business requires compliance with specific rules and obligations. According to the official website, a16z's venture capital portfolio covers over 100 cryptocurrency companies, including DEX such as Uniswap.
Since early 2023, Bitcoin (BTC) has chalked out a classic stairstep bull run, characterized by incremental price increases followed by periods of consolidation that set the stage for the next move higher.The cryptocurrency's ongoing price consolidation between $90,000 and $100,000 is the third of the broader bull run from $20,000. The consensus is that it will end in a bull breakout, just as those in mid-2024 and 2023 did.See all newslettersHowever, the following three developments, suggest otherwise.If there's one thing that any asset class, not just crypto, typically dislikes, it's the tightening of fiat liquidity, particularly the global reserve currency, the U.S. Dollar (USD). To the dismay of BTC bulls, the dollar liquidity is tightening due to several factors, as Arthur Hayes, chief investment officer at Maelstrom, noted on X.Notably, the USD cash balance held in the Treasury General Account (TGA), the U.S. government's checking account at the Fed, has increased from $623 billion to $800 billion in four weeks, according to data source MacroMicro. After the U.S. hit its self-imposed debt limit of $36 trillion last month, markets hoped that the Treasury would run down the TGA balance as part of extraordinary measures to keep the government functioning, inadvertently enhancing liquidity in the economy and markets. That's what the Treasury did during the previous debt ceiling issue of early 2023, spurring increased risk-taking in equity and crypto markets."We're looking at a scenario where key liquidity sources are drying up or being more tightly controlled. This could lead to a slowdown in economic activity, higher borrowing costs, and potentially a more challenging environment for risk assets, including crypto," Anddy Lian, thought leader and intergovernmental blockchain expert, said on X.Since President Donald Trump took office on Jan. 20, he has been actively following through on various campaign promises related to tariffs, illegal migrants and international affairs.But, there is one notable exception: the establishment of a strategic BTC reserve. It was a significant catalyst behind BTC's surge from $70,000 to over $100,000.The Trump administration seems to be more cautious, opting to "evaluate" the feasibility of creating such a reserve. It's a disappointing shift for crypto investors anticipating swift action on this initiative, similar to Trump's quick responses on other issues."Wait, Trump said he would do a $BTC Reserve, not promise to 'evaluate it.' Evaluate/Study is what Washington does when they don't want to do something," Jim Bianco, president and macro strategist at Bianco Research, LLC, said.BTC fell from over $100,000 to $96,000 during the overnight trade after Trump's crypto Czar told CNBC that a top agenda item for his new task force is evaluating the feasibility of a bitcoin reserve.Finally, those looking at technical charts to gauge the next move might want to pull up the 14-week relative strength index (RSI) on their screens.That's because the oscillator has recently diverged bearishly in a move that marked the 2021 top. A bearish RSI divergence contradicts the higher high in prices, signaling a slowdown in the bullish momentum.The RSI has produced a lower high relative to its December high, diverging bearishly from the continued price uptrend. That's similar to the 2021 pattern.The negative setup would be invalidated should the RSI cross above the falling trendline, representing the divergence, indicating a renewed bullish momentum.