Cathie Wood suggests that children buy Bitcoin every month
Cathie Wood suggests that her child regularly purchase Bitcoin and invest once a month. (Bitcoin Archive)
Cathie Wood suggests that her child regularly purchase Bitcoin and invest once a month. (Bitcoin Archive)
[BlackRock Transfers 2,405 BTC and 24,760 ETH to Coinbase Prime] According to Arkham monitoring, BlackRock transferred approximately 2,405 BTC ($217 million) and 24,760 ETH ($76.6 million) to Coinbase Prime.
Stablecoin payment company Rain announced the completion of a new $250 million financing round, with a post-money valuation of $1.95 billion. The round was led by ICONIQ, with participation from Sapphire Ventures, Dragonfly, Bessemer, Lightspeed, and Galaxy Ventures, bringing the company’s total financing to over $338 million. Co-founder and CEO Farooq Malik stated that the funds will be used to expand operations in North America, South America, Europe, Asia, and Africa, as well as to address global regulatory changes. Rain currently issues stablecoin payment cards in collaboration with Visa across more than 150 countries, supporting local spending and ATM withdrawals, and plans to integrate with the U.S. ACH and European SEPA payment systems. Additionally, the company acquired rewards platform Uptop and currency conversion platform Fern last year and may pursue further strategic acquisitions in the future.
A new Digital Asset Act will regulate stablecoins, requiring 100% reserve backing and user redemption rights.
[Tom Lee's Fund Analyst Predicts U.S. Stock Market Rally to Last Six to Eight Weeks] On January 9, Mark Newton, an analyst from Tom Lee's fund, released a report stating that the S&P 500 index could reach a year-end target of 7300 points. However, before achieving this target, the market may undergo a consolidation phase and start to decline from this spring. He predicts that the current rally will last six to eight weeks, after which the stock market will face resistance. This pressure may begin in late February or early March and persist until the end of May, primarily due to stagnation in the tech sector's growth, including weaker performance from companies like NVIDIA and Microsoft. Additionally, following internal disagreements within the company at the end of last year, Tom Lee and his analysts have reached a consensus at the start of this year, believing that the market will experience volatility but remain optimistic overall.
[10.11 Insider Whale with a Floating Loss of $6.4 Million, Funding Fees Exceed $5.4 Million] According to monitoring by Ai Yi, the '10.11 Insider Whale' has a floating loss of $6.4 million and has already paid over $5.4 million in funding fees. The address holds 203,340.64 ETH (approximately $630 million) with an entry price of $3,147.39, resulting in a floating loss of $9.8 million; holds 1,000 BTC (approximately $90.55 million) with an entry price of $91,506.7, resulting in a floating loss of $957,000; and holds 511,000 SOL (approximately $71.01 million).