Update: As expected the SEC has punted/delayed the decision on @BitwiseInvest's filing to convert the Bitwise 10 Crypto Index Fund (BITW) into an ETF. Final deadline is in late July
On January 12th, according to Dune data, it was predicted that the nominal transaction volume of the market would continue to grow for six consecutive weeks and hit new historical highs, surpassing $5.3 billion in the week of December 29th. However, last week's trading data slightly declined, reaching $4.766 billion.
On chain analyst @ ai_9684xtpa monitoring shows that the direct cause of the LISA token flash crash may be related to the address 0x358... eC57 recharged 10 million LISAs to Binance Alpha wallet, which occurred 3 hours ago and was worth approximately 1.65 million US dollars. The source of funds can be traced back to the SafeProxy address of the project party. Within half an hour of recharging, the LISA coin price experienced a flash crash, suspected to have been sold through a limit order. In addition, LISA token plummeted by 76% within 24 hours, and the selling of three Alpha users accelerated the short-term decline in the coin price.
Solana's highest price reached $144, attempting to break through the resistance level of $145. On chain data shows that the number of newly built weekly wallets has decreased from 30.2 million in November 2024 to the current 7.3 million. (Santiment)
On January 12th, US Treasury Secretary Scott Besant stated that the Trump administration's goal in launching the Mortgage Backed Securities (MBS) purchase program is to roughly match the speed at which these bonds roll off the Federal Reserve's balance sheet. Besent stated in an interview that the Federal Reserve is rolling back approximately $15 billion in bonds each month, with plans aimed at roughly matching the actions of the Fed.