Today’s Top Caps
BTC $82K (-1.6%)
ETH $2714 (-4%)
USDT $1
BNB $848 (-1.8%)
XRP $1.75 (-3.3%)
Source: Coinmarketcap
Today's Top Gainers
CC, XMR, LIT, 2Z, CHZ
Source: Coinmarketcap 24HR Top100
Top ETF Tracker
BTC -817M, ETH -155M,
SOL -2M, XRP -92M.
Source: Coinmarketcap / Coinglass
Today's Top Headlines
Binance announces converting its $1B SAFU fund from Stablecoin to Bitcoin.
The Binance announcement came in an open letter where the exchange defended itself against growing criticism of it’s operations within the Crypto world. The exchange said the conversion would happen within the next 30 days and they would counteract volatility by topping up the fund back to $1B if it dipped below $800M.
Some people are seeing this as a signal that Binance will stop surpressing the Bitcoin price (allegedly), while personally I see this as them moving away from USD as Trump continues destroying its purchasing power.
Source: Binance
Continuing with Binance News, CZ took to X today to defend himself against the community attacks that were directed to him personally.
He said “FUD doesn’t hurt the target. My followers increased. FUD hurts the market (ie everyone).
I/Binance do not sell in any meaningful amounts. My selling = I swipe my card and $5 worth of BNB gets converted/sent to the coffee shop. I don’t run Binance anymore, but based on what I know:
Binance only converts a portion of their revenue to pay for expense. They are a large net hoarder. Binance also have a global regulator now, who can review every trade on every account.
Don’t be misinformed. Use your energy on positive improvement for yourself.”
Source: CZ_Binance
The U.S. Department of Justice announced that last week it obtained legal title to over $400 million in cryptocurrencies, real estate, and monetary assets related to the darknet mixing service Helix.
Operator Larry Dean Harmon pleaded guilty to conspiracy to commit money laundering in August 2021 and was sentenced in November 2024 to 36 months in prison, 3 years of supervised release, and asset forfeiture. Helix processed over $300 million in crypto transactions from 2014 to 2017.
Source: WuBlockchain
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Bybit_Official announced “My Bank powered by Bybit” will launch in February.
Users will get personal IBANs to send and receive multi-currency funds. Bybit CEO Benbybit announced the launch of retail banking on the platform. The move expands Bybit beyond crypto trading, a year after its $1.4B hack.
Source: Bybit
Vitalik Buterin said on X, the Ethereum Foundation will be entering a period of mild austerity.
“In these five years, the Ethereum Foundation is entering a period of mild austerity, in order to be able to simultaneously meet two goals:
1. Deliver on an aggressive roadmap that ensures Ethereum's status as a performant and scalable world computer that does not compromise on robustness, sustainability and decentralization.
2. Ensures the Ethereum Foundation's own ability to sustain into the long term, and protect Ethereum's core mission and goals, including both the core blockchain layer as well as users' ability to access and use the chain with self-sovereignty, security and privacy.”
Source: Vitalik Buterin
Until Next Time, Stay Frosty!
