Daily Quotes (January 27, 2024 10:40 am)
ChainDD's market data on January 27 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $41,820.14, up about 4.17% in 24 hours;
ETH was at $2,272.39, up about 2.07% in 24 hours;
BNB was at $304.40, up about 3.58% in 24 hours;
DOT was at $6.69, up about 3.61% in 24 hours;
DOGE was trading at $0.08013, up about 2.37% in 24 hours.
Chain Circle Dynamics
Phantom: The platform has experienced unprecedented load and has resumed operations
Phantom said on the X platform that the Phantom system has resumed operation. Today the platform experienced an unprecedented load, which temporarily overwhelmed the system. The team is doing everything possible to ensure that the JUP airdrop goes smoothly next week, and more details are coming soon.
US SEC Commissioner: Regulators are very afraid of decentralization
In an interview with TechCrunch reporter Jacquelyn Melinek, U.S. SEC Commissioner Hester Peirce said: "Regulators are very afraid of decentralization because it means they can't control these entities. But at the same time, this is also the power of building a resilient financial system."
Aave Community Opens Temperature Check Vote on Proposal to Integrate GHO Stablecoin Across Multiple Blockchain Networks
According to the governance forum update, the Aave community has opened a temperature check vote on the proposal to "integrate GHO stablecoins across multiple blockchain networks". The goal is to enhance the liquidity, accessibility and interoperability of GHO while maintaining security and stability. By leveraging Chainlink's Cross-Chain Interoperability Protocol (CCIP), users will be able to bridge GHO in a secure and simple way. After a positive evaluation of the proposal, the technical implementation process will be initiated.
Virginia blockchain and cryptocurrency bill passes committee unanimously
According to Greg Leffel on social media, Virginia's SB 439 blockchain and cryptocurrency bill was unanimously passed by the committee, which is a great start for the bill and the industry.
Cryptocurrency News
Data: After the spot Bitcoin ETF was approved, BTC-USD trading volume surged during the US stock market closing hours
Kaiko data shows that BTC trading patterns on the US platform changed significantly after the spot Bitcoin ETF was approved. Hourly BTC-USD trading volume surges around 8pm to 9pm UTC, which corresponds to the US stock market’s daily closing period (3pm to 4pm ET).
Beam CEO: Spot Bitcoin ETF deviates from the original ideal of cryptocurrency
Andy Bromberg, CEO of crypto wallet developer Beam, said in an interview that he believes that spot Bitcoin ETFs deviate from the original ideals of cryptocurrency, namely self-custody and wealth autonomy. Bromberg said that ETFs are an entry-level product for new crypto adopters, but he hopes that users can understand the true vision of cryptocurrency.
Needham analyst: GBTC redemptions have slowed down, and the selling of FTX bankrupt assets and arbitrageurs has basically ended
Needham analyst John Todaro said in a report that Thursday was one of the days with the lowest net outflows of GBTC, and it was also the third consecutive day of declining outflows, which may indicate that redemptions have begun to slow down. Although it is difficult to quantify the subsequent sales of GBTC, it believes that the two biggest drivers of the GBTC sell-off (sold by FTX bankruptcy funds and arbitrage funds) are close to completion. As previously reported, JPMorgan strategist Nikolaos Panigirtzoglou also expressed the same view on Thursday, believing that GBTC profit-taking has basically ended, and the downward pressure on Bitcoin from this channel should have basically passed.
Grayscale, BlackRock, Fidelity, ARK 21Shares and Bitwise Bitcoin ETFs have a total trading volume of more than $23.6 billion in the first 11 trading days
According to data disclosed by Bitcoin Magazine, the total trading volume of the five major spot Bitcoin ETFs, Grayscale, BlackRock, Fidelity, ARK 21Shares and Bitwise, in the first 11 trading days has exceeded US$23.6 billion, of which: Grayscale's trading volume was US$12.6 billion, BlackRock's was US$4.8 billion, Fidelity's was US$4.2 billion, ARK 21Shares' was US$1.3 billion, and Bitwise's was US$702 million.
