Sotheby's launches Ordinals auction, Terra Lianchuang may be extradited to the United States

Headlines

▌Sotheby’s Launches Bitcoin Ordinals Collection Auction

Art Auction House Sotheby’s has put its curated collection of Bitcoin Ordinals up for auction. The sale, dubbed "Born Digital: Ordinals Curated Auction," features 19 items including rare Satoshis, works by Bitcoin Ordinals pioneer artist Shroomtoshi, generative art, and A collection related to the Bitcoin Ordinals brand Taproot Wizards. The auction will end on January 22nd at 2:00 PM ET.   “This sale highlights the incredible creative diversity within the Bitcoin ecosystem as Ordinals have experienced explosive growth over the past year,” Sotheby’s wrote in a press release.

▌Terra co-founder Do Kwon may be extradited to the United States before mid-March

Terra co-founder Do Kwon’s legal team said that extradition to the United States The proceedings did not go as planned and Kwon could be extradited to the United States by mid-March. Kwon is currently detained in Montenegro for holding a false passport, and his lawyer told the judge that a delay until mid-March would give him a "real possibility" of appearing in court.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was US$42,803, with fluctuations during the day. Frame-7.44%;

ETH Recent The transaction price was US$2514.03, and the intraday increase or decrease-3.22%;< /p>

BNB’s recent transaction price was US$293.31, with intraday fluctuations-4.78%;

The recent transaction price of strong>%;

The recent transaction price of DOGE was US$0.07965, with intraday changes -5.32%;

ADA’s recent transaction price was US$0.5423, with intraday gains and losses-6.75%;

SOL’s recent transaction price was US$90.32, with intraday changes< span style="color: rgb(255, 0, 0);">-8.88%.

Policy

▌JPMorgan Chase: The probability of spot Ethereum ETF being approved in May will not exceed 50% strong>

Nikolaos Panigirtzoglou, managing director of JPMorgan Chase, said that the probability of approval of the spot Ethereum ETF in May will not exceed 50%. He said: “We believe that the U.S. Securities and Exchange Commission (SEC) will Approval of an Ethereum spot ETF in May would require Ethereum to be classified as a commodity (similar to Bitcoin) rather than a security. This is far from certain, and I don’t think the SEC will classify Ethereum as a commodity before May. The probability is no more than 50%." According to Panigirtzoglou, the SEC may continue to treat all cryptocurrencies other than Bitcoin as securities.

Blockchain Applications

▌Taproot Wizards launches Quantum Cats NFT series on the Bitcoin blockchain

Taproot Wizards, the developer of Ordinals, is launching a series of NFTs called Quantum Cats on the Bitcoin blockchain. The collection, which consists of 3,333 cat images, cost $66,000 to create and used 10MB of encrypted on-chain data. It is reported that a special edition Ordinal called "Genesis Cat" created by digital artist FAR will be auctioned at Sotheby's auction house from Friday to January 22.

▌Keyrock will deploy $10 million to the Radix DeFi ecosystem

Digital asset market maker Keyrock announced that it will integrate the Radix public ledger into its market making technology stack, and over the next 12 months Keyrock will deploy more than $10 million in token funding to the Radix DeFi ecosystem to provide users with a more stable trading environment and increased liquidity availability.

▌Bitcoin wallet Leather has supported SIP10 token swap

Bitcoin wallet Leather announced that it has supported SIP10 token swap. This feature is provided by ALEX Lab provides support and users can exchange between WELSH, ALEX, DIKO and other tokens.

▌Polygon launches Sepolia-based PoS test network Amoy

Polygon announced the launch of a new Sepolia-based Polygon PoS test network Amoy. Amoy has been launched as a low-risk environment for building and testing. Developers deployed on Amoy can continue to rely on basic validators, infrastructure, tools, etc. provided in a sustainable environment.

▌CertiK: WiseLending was attacked by flash loans and lost approximately US$464,000

CertiK stated on the X platform that WiseLending was attacked by The flash loan attack resulted in a loss of approximately US$464,000, and the stolen funds were transferred to the EOA address starting with 0x59285.

▌Hedera plans to allocate 4.86 billion HBAR to develop the ecosystem and achieve decentralized governance

The Hedera Council announced that it has voted to approve the Board of Directors to allocate additional funds of 4.86 billion HBAR to further develop the Hedera network and achieve decentralized governance. Market data shows that the transaction price of HBAR is approximately US$0.07862, and the value of 4.86 billion HBAR is approximately US$380 million. It is reported that 4.248 billion coins will be allocated by Hedera’s board of directors among existing plans, including the HBAR Foundation, Hashgraph Association and DLT Science Foundation. Under the various agreements, the HBAR Foundation and Hashgraph Association will receive grants during the first quarter, and the DLT Science Foundation will receive grants as milestones are reached throughout the year. HBAR 614.06 million will be used for Hedera Council operating expenses and payments to early SAFT purchasers.

▌Base announces key dates and information for migrating from Goerli to Sepolia

Base announces key dates and information for migrating from Goerli to Sepolia Dates and information, including: January 19, 2024: Deposit functionality on the Base Goerli bridge will be suspended; January 31, 2024: Base documentation will no longer reference Goerli; February 9, 2024: Base Goerli infrastructure (including Base Goerli bridge UI) will be discontinued. Additionally, while Goerli bridging is not subject to the same seven-day challenge period as mainnet, users are advised to bridge their testnet funds from Base Goerli to Ethereum Goerli before the infrastructure ceases operations on February 9, 2024.

Cryptocurrency

▌Preliminary data shows that Bitwise spot Bitcoin ETF had the largest first-day capital inflow

BitMex Research quoted data from Bloomberg as saying that preliminary data showed that among the 11 spot Bitcoin ETF products that began trading yesterday, the Bitwise Bitcoin ETF (BITB) had the largest cash inflow, reaching US$238 million. It was followed by Fidelity’s FBTC at $227 million and BlackRock’s IBIT attracted $110 million in inflows. Bloomberg analyst Eric Balchunas noted that data on capital inflows is still incomplete and market watchers may have to wait until Friday night to get the full picture.

▌The market value of PayPal’s stablecoin increased by 70% from the previous month to US$290 million

The market value of PayPal’s stablecoin PYUSD has exceeded US$290 million, which is higher than the previous month. A 70% increase over the past month has placed PayPal among the top 10 stablecoin issuers. PYUSD’s distribution range has also expanded. According to on-chain data provided by Nansen, Crypto.com currently holds the largest share of 112.8 million coins, accounting for 38.7% of the total supply. Followed by DeFiance Capital with 39.1 million (13.4%), Curve with 32.4 million (11%), Kraken with 31.92 million, and Paxos with 30 million.

▌Coinshares: The average production cost of each Bitcoin after the halving will be $37,856

The Coinshares report stated that after the halving, the average production cost of each Bitcoin will be $37,856. The average production cost will be $37,856, and the halving is currently less than 100 days away.

▌SEC Chairman: The irony of spot Bitcoin ETFs is that they violate Satoshi Nakamoto’s decentralization mission

U.S. SEC Chairman Gary Gensler said In an interview with CNBC, he said that the launch of the spot Bitcoin ETF is ironic because it goes against Satoshi Nakamoto’s mission of decentralization. Gensler said: "There is an irony in this. Satoshi Nakamoto said this would be a decentralized system and finance, and this (ETF) led to centralization." Gensler acknowledged that there is innovation in the field of blockchain ledger systems. “There’s no question that there are innovations in this space, and those innovations that I taught at MIT around ledger systems, just accounting systems called blockchain technology,” he said.

▌The first day when GBTC was converted into ETF, there was an outflow of approximately US$95 million

Data released by Bloomberg analyst James Seyffart showed that GBTC was converted into spot ETF After the first trading day, outflows were approximately $95 million. Analysts said: "This flow is only a small fraction of GBTC, which in my opinion means that yesterday was a huge success." Market data shows that GBTC’s total assets are approximately US$26.5 billion.

▌WSJ: UBS is offering spot Bitcoin ETFs to some wealth management clients

According to the Wall Street Journal, a person familiar with the matter said UBS is offering Spot Bitcoin ETF available to qualifying wealth management clients. Some firms said they were still evaluating whether ETFs were suitable for their clients, and Vanguard previously said it would not offer the product.

▌SkyBridge founder: Bitcoin’s decline is partly due to the GBTC sell-off

SkyBridge Capital founder Anthony Scaramucci said that since the spot Bitcoin ETF was approved After it began trading, the price of Bitcoin fell, partly due to the GBTC sell-off. Anthony Scaramucci said in an interview with Bloomberg TV on Friday: "There seems to be a lot of selling in Grayscale," but Grayscale said that ETF sales should not affect the price of Bitcoin.

▌Michael Saylor has made approximately US$20 million from selling MicroStrategy shares

Data compiled by Bloomberg show that Michael Saylor made a profit of approximately US$20 million from January 2 to 10 It has been selling MicroStrategy stock during the period, and the profit may reach nearly 20 million US dollars. Data shows this is the first time he has sold shares in the company in nearly 12 years. A MicroStrategy spokesperson confirmed the sale, noting that it was part of a plan disclosed in a filing last year and was "unrelated to the recent ETF approval." Golden Finance previously reported that Michael Saylor plans to sell up to 5,000 shares per day from January 2, 2024 to April 26, 2024, with a total of up to 400,000 shares worth nearly US$200 million.

▌The total value of pledged tokens on the Lido platform exceeded US$23 billion, continuing to hit a record high

According to Lido’s official data, the total value of pledged tokens on its platform has It has exceeded US$23 billion and is currently touching US$23,683,996,295, continuing to hit a record high. Among them, Ethereum pledges are the main ones. Currently, the amount of ETH pledged on the Lido platform has exceeded 9.32 million, with a value of approximately US$23,576,007,782, and the paid pledge reward is 479,257 ETH.

Important economic developments

▌JPMorgan Chase: The Fed is expected to slow its balance sheet reduction in April and exit in November

JPMorgan Chase’s strategists believe that the Fed’s quantitative tightening will end at the end of November, and the use of the Fed’s overnight reverse repurchase facility will remain at a level sufficient to maintain the smooth operation of money markets. Strategists led by Jay Barry expect the Fed to outline an outline timetable at its meeting in late January and convey it through minutes due to be released in mid-February. They wrote that agreement could be reached at a March meeting and implemented in April.

Golden Encyclopedia

▌Mainnet

Mainnet is short for "mainnet" and is the main blockchain network where actual transactions occur and are conducted using the native cryptocurrency. It is not the same as a testnet or experimental environment; rather, it is the product of development activities. The mainnet features its own cryptocurrency, a digital asset necessary for the network to function. This native cryptocurrency is critical to the ecosystem’s governance process, staking program, and transaction fees.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.