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Kraken’s lawyers said in a court document filed on Thursday that the agency has “not identified any investment contracts that were (or could be) traded, brokered, or settled on Kraken.” A hearing to discuss Kraken’s move to dismiss the SEC’s lawsuit is set for 2 p.m. ET on June 12.
Binance faces more regulatory issues from the govts of Nigeria and Canada, while BTC’s price calms around $63K.
The U.S. Dollar Index (DXY) has declined following a rise in U.S. jobless claims.The DXY downturn could benefit bitcoin and equity markets, analysts say.
Harvest Global CEO and CIO Tongli Han said he ‘doesn’t rule out’ applying to offer its bitcoin and ether ETFs via the Stock Connect scheme for mainland Chinese investors, according to a report.However, the program currently does not allow mainland investors to invest in crypto futures ETFs in Hong Kong, let alone spot crypto counterparts.
Toncoin is poised for a potential 20% increase in the upcoming weeks, mirroring a bullish fractal pattern previously observed in February 2024.
- 18:50Delphi Digital releases top ten predictions for 2025, including bullish on BTC, Solana, DeAI, DePIN and zkVM etcDelphi Digital has released its top ten predictions for 2025 on the X platform, specifically:1. BTC will have greater upside potential in 2025, with a monthly RSI between 70-90 indicating a bull market; institutions and regulation will be catalysts for this BTC rise.2. Solana will surpass Ethereum; Solana offers better user experience and narrative content, SVM is the fastest-growing alt-vm ecosystem which helps enhance network effects.3. NFTs will make a comeback; Airdrops from Fat Penguin, Milady, and Azuki may trigger imitation from other NFT projects.4. DeFi upgrades to DeAI changing the way users interact with DeFi.5. AI Agent becomes tier-one VC; The future won't be PvP among users but conducted by agents instead - at least three agent frameworks become unicorns by 2025.6. High-throughput chains drive innovation - keep an eye on Hyperliquid, Sui, Monad, Berachain and MegaETH;7. DePIN makes a comeback as one large-scale DePIN project achieves self-sufficiency leading to an overall increase in evaluation of the entire DePIN track – Helium, Doublezero and Hivemapper are worth watching out for along with healthcare and power grid operations;8. 2025 is the year of zkVM revolution improving interoperability between rollups while expanding developer markets;9.AI brings new opportunities to GameFi such as AI-driven development tools AI NPCs – integration of Virtual Game Framework Eliza with Unreal Unity could change rules of AI gaming;10.Consumer DeFi is next frontier track e.g., zkTLS allows Web2 data to be put on-chain increasing scale of profit-sharing stablecoins as issuers align incentives with distributors.
- 18:42Benchmark maintains a "buy" rating for MicroStrategy, with a target price of $650MicroStrategy plans to issue $2 billion in perpetual preferred shares to raise funds. Currently, the specific terms of issuance have not been announced and are expected to be disclosed within the first quarter of this year. Despite this, investment firm Benchmark remains optimistic about MicroStrategy's development prospects, maintaining a "buy" rating and predicting that its stock price could reach $650. As of Monday, MicroStrategy has purchased an additional 2,530 BTC, bringing its total holdings to 450,000 BTC. Next week on January 21st , MicroStrategy will hold a special shareholders meeting where investors will vote on whether or not to increase authorized Class A common shares and preferred shares. MSTR's fourth-quarter earnings call is scheduled for February 4th.
- 17:54The USDC Treasury has minted 50 million USDC on the Ethereum chainAccording to Whale Alert monitoring, around 0:41 Singapore time today, the USDC Treasury minted 50 million USDC on the Ethereum chain.