✅ Within a week bitcoin price dropped to $41,500 where it remains now with relatively low volatility. An indicator shows the current altcoin season but altcoins don't seem to react, for now 📊
Weekly news digest:
💎 Crypto
🔸 Trezor reveals 66,000 users could face phishing attacks after the security incident happened on January 17
🔸 VanEck has announced delisting its Bitcoin Strategy ETF, citing poor performance and a lack of investor interest
🔸 Frax Finance founder said they are planning to launch the L2 blockchain Fraxtal in February
🔸 Justin Sun restarts previously dissolved TRON Foundation ahead of SEC trial
🔸 Solana Mobile has opened pre-orders for the second version of the Solana Saga phone, price is $450 📱
🔸 According to the UN, USDT is at the heart of an exploding industry of scams
🏦 Crypto exchanges
🔸 OKX received a VASP license in Dubai
🔸 An attacker unsuccessfully attempted to compromise the Bitfinex and Binance exchanges via some of XRP’s payment functions
💵 Finances and Economy
🔸 Hong Kong-based financial services firm VSFH aims for spot bitcoin ETF launch in Q1
🔸 China has formed a metaverse working group with Huawei, Tencent, Ant Group, and others 🇨🇳
🔸 China’s largest brokerage has suspended short selling for retail clients in mainland markets
⚖️ Law and Order
🔸 The Manta Network team is suspected of money laundering through Bithumb on the day of listing
🔸 SEC delays decision deadline for proposed Fidelity ETH ETH to March 5
🔸 SEC freezes the assets of the church for selling unregistered "God-Backed" crypto tokens ⛪️
🔸 South Korea to follow the US example with sanctions against the use of crypto-mixing services
🗣 Personalities
🔸 JPMorgan CEO Jamie Dimon advised against getting involved with Bitcoin
🚀 Best performers of the week:
Ronin - $2.45 (↑37.4%)
Astar - $0.192 (↑31.7%)
Flare - $0.022 (↑28.3%)
