The Federation Council of the Russian Federation approved a law regulating the procedure for the seizure of cryptocurrency in criminal cases:
- The protocol for the seizure of cryptocurrency must specify: the type of currency, the amount, and the address-identifiers.
- Carriers or access to cryptocurrency must be kept in a sealed form.
- For safekeeping, digital currency may be transferred to a special address, the procedure for transfer and storage will be determined by the government of the Russian Federation.
- The transfer of seized cryptocurrency to a special address-identifier is permitted if there is a technical possibility.
The Bank of Russia announced that it has prepared its proposals for systemic solutions regarding the regulation of cryptocurrencies, which is currently being discussed with the government of the Russian Federation.
At the same time, the National Bank of Belarus announced that self-employed individuals will be able to receive salaries in cryptocurrency.
🔥 Binance controls 65% of all liquidity in stablecoins, concentrated on centralized exchanges — holding $47.5 billion in USDT and USDC. This is 5 times more than the nearest competitor OKX, 8 times more than Coinbase, and almost 12 times more than Bybit.
At the same time, in January Binance strengthened its leadership in spot trading: trading volume increased to $409 billion, which is almost 5 times more than the figures of the nearest competitor Bybit.
Arthur Hayes sold 1000 ETH for $2000 on Bybit. An authoritative crypto analyst, who shares his expert scientific crypto essays, bought these ethers for $4200 last summer...
CryptoQuant analysts say that what is happening now resembles a transition to a bear market more than a regular pullback.
The Bitcoin Adjusted SOPR (aSOPR) has currently fallen into the range of 0.92–0.94 — in 2019 and 2023 these levels coincided with the beginning of a deep crypto winter.
- Eminem bought BAYC 9055 for $462,000, now this NFT is worth $17,000
- Justin Bieber bought BAYC 3001 for $1.3 million, now it is worth $12,000
- Neymar bought BAYC 6633 and 5269 for $1 million, now it is worth $35,000
- Madonna bought BAYC 4988 for $571,000, now it is worth $17,000
- Logan Paul bought an NFT from the 0N1 Force collection for $635,000, now it is worth $155,000 — by the way, Logan bans all followers who remind him of the failure with NFTs
For more than two weeks, there has been extreme fear in the cryptocurrency market. At one point, the value reached 5 - we haven't been afraid for the last five years.