💧Current state of the market in our weekly overview
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Kucoin will list Orbiter Finance (OBT) on January 20, 10:00 UTC
https://x.com/kucoincom/status/1880173718925897919
ANIME is launching on January 23
https://x.com/animecoin/status/1880164406086312132
Abstract Chain has introduced Abstract Incentives
https://x.com/AbstractChain/status/1880035786772607487
Spot ETF Flow on 16.01: BTC-ETF +$626.15M, ETH-ETF +$166.59M
https://sosovalue.com/assets/etf/us-btc-spot
XION native app EarnOS has raised a $5M seed from Animoca, Laser Digital, EV3, and more ahead of their mainnet launch.
https://twitter.com/earnos_io/status/1879964985817985050
Solana to weigh possible SOL inflation cut
Multicoin Capital proposal would likely drive down inflation but would also lower staking yields.
In brief, Multicoin’s proposal sets a target staking rate of 50% for security and decentralization purposes. If more than 50% of SOL is staked, then issuance would decrease to discourage staking by reducing yield. If less than 50% of SOL is staked, then issuance would increase to raise yields and encourage staking. The minimum inflation would be 0%, and the maximum would be based on the current Solana issuance curve.
https://blockworks.co/news/solana-weighing-sol-inflation-cut/
Phantom has announced its $150 million Series C funding round co-led by Sequoia Capital and Paradigm at a $3 billion valuation, with participation from existing investors including a16z crypto and Variant.
https://phantom.com/learn/blog/phantom-series-c
Coinbase will add support for AIXBT, PNUT, and VET perpetual futures on Coinbase International Exchange and Coinbase Advanced.
The opening of the AIXBT-PERP, PNUT-PERP, and VET-PERP markets will begin on or after 9:30 UTC 23 JAN 2025.
https://x.com/CoinbaseIntExch/status/1879921701041119723
PAID has announced LCO - Vottun Private
The comprehensive multi-chain developer platform is coming to PAID - Jan 21-22.
LCO Details:
🔹LCO FDV: $15M (68% discount from launch FDV: $46.75M)
🔹Raise on Base (Prepare USDC & ETH)
🔹Vesting: 7.5% TGE, 9-months linear
📅Timeline:
• Registration & Snapshot: Jan 21 | 9:00 UTC
• EarlyPool (75K+ PAID): Jan 21 | 11:00 UTC
• Special WhitelistPool (75K+ PAID): Jan 22 | 10:00 UTC
• OpenPool: Jan 22 | 11:00 UTC (No staking required for OpenPool. Create account & complete KYC.)
• TGE: Feb 18
https://link.paidnetwork.com
#promo
Solv Protocol has introduced its checker: https://solv.foundation/claim
https://x.com/SolvProtocol/status/1879816281345663474
Binance.US lists Pudgy Penguins (PENGU)
https://support.binance.us/hc/en-us/articles/29230682829847-Binance-US-lists-Pudgy-Penguins-PENGU-Trade-now
Coinbase has officially launched Bitcoin loans for US users.
The returning feature is a key part of the platform’s recent partnership with centralized finance lender Morpho.
https://x.com/coinbase/status/1879902780564951530
Many crypto investors’ transactions this year will be reported to the IRS for first time
https://edition.cnn.com/2025/01/16/business/crypto-investors-third-party-tax-reporting-1099-irs/index.html
Trump considers US-based crypto reserve, potentially prioritizing coins like Solana and XRP.
https://x.com/cointelegraph/status/1879853857951322560
Nodepay (NC) trading has started on Gate, MEXC, OKX and others.
NC is now trading at ~$0.24.
FDV: ~$240M
Claim: https://claim.nodefoundation.ai/
https://www.kucoin.com/trade/NC-USDT
OKX has introduced Animecoin (ANIME) on OKX Jumpstart
▫️OKB and BTC holders can stake both OKB and BTC to mine ANIME tokens in return
▫️Amount of mineable tokens in OKB staking pool: 53,333,334 ANIME
▫️Amount of mineable tokens in BTC staking pool: 26,666,666 ANIME
▫️Mining period: 6:00 UTC on Jan.20, 2025 - 6:00 UTC on Jan.23, 2025
▫️Maximum staking per person for OKB: 600 OKB
▫️Maximum staking per person for BTC: 0.3 BTC
https://www.okx.com/help/introducing-anime-animecoin-on-okx-jumpstart
Solv Protocol (SOLV) trading has started on Binance, Kucoin, MEXC and others.
SOLV is now trading at $0.14
https://www.binance.com/en/trade/SOLV_USDT
Base 2025 Mission, Vision, and Strategy:
▫️25 million people
▫️25 thousand developers
▫️250 Mgas/s blockspace capacity
▫️$100 billion assets on platform
▫️1 billion transactions on Base in October
https://base.mirror.xyz/gFOLgyrs8jtX4Eqt4Kh6ikWhB3tqrhQoKfddeqZIECs
Bithumb lists Decargo (DKA), Сhain Bounty (BOUNTY)
https://feed.bithumb.com/notice/1646475
Wormhole announces that rewards for Staking Rewards Program (SRP) Period 1 are now live: w.wormhole.com
https://x.com/wormhole/status/1879971382303551591
President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.
https://www.bloomberg.com/news/articles/2025-01-16/trump-plans-to-designate-cryptocurrency-as-a-national-priority
The crypto market is growing
BTC Dominance - 55.82%
Market Cap - $3.59T
BTC - $101,070.33 (+1.43%)
ETH - $3,365.97 (-0.04%)
XRP - $3.3 (+8.05%)
BNB - $714.87 (+0.64%)
SOL - $211.51 (+4.65%)
INJ - $23.16 (+1.73%)
TON - $5.51 (+0.51%)
SUI - $4.81 (+2.48%)
AI16Z - $1.32 (-11.78%)
ONDO - $1.22 (-1.59%)
https://dropstab.com
Tether has tapped crypto exchange Kraken’s native Ethereum scaling layer, Ink, for the first deployment of its cross-chain USDT0 token.
https://www.theblock.co/post/335144/tether-taps-krakens-ink-layer-2-for-the-first-deployment-of-its-cross-chain-usdt0-stablecoin
Nasdaq files 19b-4 form for Canary Litecoin ETF
https://listingcenter.nasdaq.com/assets/rulebook/nasdaq/filings/SR-NASDAQ-2025-005.pdf
Grayscale Helium Trust (HNT) has been registered in Delaware
https://icis.corp.delaware.gov/Ecorp/EntitySearch/NameSearch.aspx
Binance users from Belgium and Poland will be asked to provide the sender’s information when receiving funds (for transfers above €1,000 or the equivalent in other currencies).
https://www.binance.com/en/support/announcement/updates-on-crypto-transfer-procedures-in-poland-and-belgium-fd135c2acf1d467e9a20364e2321de74
South Korea’s financial regulator has ordered Upbit to suspend operations as a penalty for alleged violations of AML policies.
The agency found around 700,000 instances of suspected violations in know-your-customer obligations, according to Maeil. Under South Korea’s Act of Reporting and Use of Specific Financial Information.
https://www.theblock.co/post/334958/south-koreas-upbit-exchange-hit-with-business-suspension-penalty-report