Arthur Hayes has introduced a new article "The Ugly"
Highlights:
▫️I think we are more likely to go down to $70,000 to $75,000 Bitcoin and then rise to $250k by the end of the year than to continue girding higher with no material pullback
▫️If Bitcoin trades through $110,000 (the level reached during the height of the TRUMP memecoin mania) on strong volume with an expanding perp open interest, then I’ll throw in the towel and buy back risk higher.
▫️To put a finer point on it, the TRUMP memecoin pump to almost $100 billion in fully diluted value in 24 hours was truly insane. TRUMP is a top signal in my mind in the same way that FTX buying umpire logo rights for US Major League Baseball was in the 2021 bull market.
https://cryptohayes.substack.com/p/the-ugly
Venice has introduced the Venice token: VVV
VVV Token Details:
▫️Base ERC20 Contract
▫️100 million TGE supply
▫️14 million emitted annually
▫️Audit Airdrop claim page: venice.ai/claim
▫️50 million (50% of total supply)
Venice is a generative AI app.
VVV is now trading at $16.6
FDV: $1.65B
https://venice.ai/blog/introducing-the-venice-token-vvv
Abstract Mainnet is now live
https://www.abs.xyz/
https://x.com/abstractchain/status/1883939915169423777
Online crypto travel platform Travala.com received an unsolicited takeover approach late last year, said people familiar with the situation.
The company is in talks with potential buyers and may be valued in excess of $100 million, they said.
https://www.coindesk.com/business/2025/01/14/travala-crypto-native-travel-website-said-to-receive-unsolicited-takeover-approach
Aethir is partnering with Maitrix to introduce AUSD, an algorithmic stablecoin designed to bring stability and predictability to its decentralized GPU ecosystem.
AUSD is pegged to the US dollar.
https://aethir.com/blog-posts/aethir-and-maitrix-launch-ausd-stability-for-decentralized-gpu-infrastructure
Alchemy Pay Achieves AUSTRAC Approval as Digital Currency Exchange Provider in Australia
https://alchemypay.org/news-and-press/alchemy-pay-achieves-austrac-approval-as-digital-currency-exchange-provider-in-australia/
Humanity Protocol has secured a fully diluted valuation of $1.1 billion after raising $20 million in a funding round co-led by Pantera Capital and Jump Crypto.
https://www.reuters.com/technology/humanity-protocol-valued-11-bln-after-latest-fundraise-2025-01-27/
💧 Top AI Tokens by X Performance Launched in the Last Week
👉 https://dropstab.com/tab/new-ai-agents-4gzrez9fkx
Arthur Hayes predicts that Bitcoin may experience a sharp correction in the short term, with prices falling from current levels to $70,000 to $75,000, triggering a small financial crisis.
As global central banks resume quantitative easing and Bitcoin is expected to soar to $250,000 by the end of the year.
https://x.com/CryptoHayes/status/1883682137897099624
https://x.com/wublockchain/status/1883692518468145296
The crypto market is down
BTC Dominance - 57.53%
Market Cap - $3.49T
BTC - $101,193.91 (-3.71%)
ETH - $3,173.41 (-5.07%)
XRP - $2.99 (-4.64%)
BNB - $660.5 (-4.22%)
SOL - $234.31 (-9.43%)
TRUMP - $26.66 (-13.33%)
MELANIA - $2.4 (-6.15%)
ONDO - $1.3 (-10.3%)
https://dropstab.com
It seems someone was likely hacked for $29M (6.27M SUI) on Sui last month on December 12th, 2024.
The stolen funds were bridged from Sui to Ethereum via Bridgers and then deposited to Tornado Cash in batches.
/channel/investigations/205
Abstract mainnet is launching on Monday
https://x.com/lucanetz/status/1883158171071734195
Eric Trump has allegedly confirmed that U.S.-based projects like XRP and HBAR will eventually benefit from zero capital gains tax, while non-U.S.-based projects face a ~30% tax.
https://www.thestreet.com/crypto/policy/eric-trump-allegedly-confirms-u-s-based-crypto-projects-will-benefit-from-zero-capital-gains-tax
Spot ETF Flow on 27.01: BTC-ETF -$457.48M, ETH-ETF -$136.25M
https://sosovalue.com/assets/etf/us-btc-spot
Microsoft in talks to acquire TikTok
https://x.com/WatcherGuru/status/1884063423794942428
Seychelles-based crypto exchange KuCoin pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay nearly $300 million in fines and forfeitures.
https://decrypt.co/303051/kucoin-co-founders-step-down-amid-300m-settlement-over-us-charges
The crypto market is neutral
BTC Dominance - 57.51%
Market Cap - $3.53T
BTC - $102,857.51 (+1.79%)
ETH - $3,213.35 (+1.32%)
XRP - $3.09 (+3.44%)
BNB - $679.91 (+3%)
SOL - $237.54 (+1.31%)
TRUMP - $29.38 (+9.87%)
MELANIA - $2.57 (+4.29%)
JUP - $1.18 (+20.22%)
https://dropstab.com
TON has announced updates in H1 2025
Here’s a sneak peek:
▫️Huge "Accelerator" Kernel update on Mainnet
▫️New tools for validators
▫️Revamped Toncenter API (Actions, Pending, Emulation, Domains)
▫️UX improvements + collab with top community products
▫️Payment Network Layer 2 release
▫️Sidechain research
▫️TOLK 1.0 with new features (structures, pattern-matching, smart contracts)
▫️Support for TON BTC Teleport
▫️New standards (Pending TX IDs, secure signatures, multi-account gen)
https://x.com/ton_blockchain/status/1883894655160328681
Symbiotic will make an announcement tomorrow
https://x.com/symbioticfi/status/1883893059714519536
The Aptos Foundation announces the establishment of Movemaker, its official community organization.
Co-initiated by Ankaa and BlockBooster, Movemaker is dedicated to advancing and building the Aptos ecosystem in the Chinese-speaking region.
https://decrypt.co/302817/movemaker-aptos-growing-chinese-speaking-region-with-multi-million-dollar-support-via-its-official-community
MicroStrategy intends to offer, in a public offering registered under the Securities Act of 1933, as amended, 2,500,000 shares of MicroStrategy’s Series A Perpetual Strike Preferred Stock.
MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin and for working capital.
The perpetual strike preferred stock will have a liquidation preference of $100 per share and will accumulate cumulative dividends at a fixed rate that will be determined at the pricing of the offering.
https://www.businesswire.com/news/home/20250127149953/en/MicroStrategy-Announces-Proposed-Strike-Preferred-Stock-Offering-STRK
MicroStrategy has acquired 10,107 BTC for ~$1.1 billion at ~$105,596 per bitcoin.
As of 1/26/2025, it holds 471,107 BTC acquired for ~$30.4 billion at ~$64,511 per bitcoin.
https://x.com/saylor/status/1883848242376650840
In the past 24 hours, long positions worth ~$649.97M liquidated.
https://www.coinglass.com/LiquidationData
Top 100 losers in 24h: FARTCOIN -29%, VIRTUAL -17%, HYPE -15%, TRUMP -14%, OP -14%, ENA -13%, PEPE -13%, RAY -11%, BONK -11%, APT -11%
https://dropstab.com/insights/top-performance
50% of Jupiter protocol fees will now go towards JUP buybacks.
https://x.com/JupiterExchange/status/1883490117463265318
According to Brazilian media Blocknews, Petrobras, the Brazilian national oil company, announced that it will launch a research and development project to enter the field of Bitcoin mining.
Petrobras intends to use the associated gas produced during oil extraction as energy to power Bitcoin mining, aiming to improve energy efficiency and reduce carbon emissions in this way.
https://x.com/wublockchain/status/1883478348455977377
ANLOG TGE will be on February 6th
https://x.com/oneanalog/status/1883156985841119390
THORChain has resumed swaps and transfers
https://x.com/THORChain/status/1883285909426315444