Ömer Ileri, deputy chairman of Turkey’s ruling AK Party, said in an interview on Tuesday that Turkey’s planned encryption industry rules are mainly to ensure consumer protection, but also support innovation. Ömer Ileri, who oversees information and communications technology for the AK Party, met with crypto industry representatives, including legal experts and members of the media, to discuss the planned legislative package.

Spot On Chain monitoring shows that a large whale once again used $10.01 million USDT to purchase 3,413 Ethereum (ETH) about 9 hours ago, at a purchase price of approximately $2,933 per coin. It is said that in the past 3 days, the whale purchased 58,134 ETH through Binance and 1inch, with a total price of approximately US$166 million, and the average purchase price was approximately US$2,850 per coin. The whale still holds $19.89 million in USDT and may exchange it for more ETH.

The oracle project Pyth Network announced the launch of Bitcoin ETF price feeds on its official blog, providing DeFi developers and users with real-time, credible price data for 13 Bitcoin ETFs. Including Ark 21Shares’ ARKB, Bitwise’s BITB, Global X Blockchain and Bitcoin Strategy ETF (BITS), Valkyrie’s BRRR, Invesco’s BTCO, WisdomTree’s BTCW, Valkyrie Bitcoin and Ethereum Strategy ETF (BTF), Hashdex Bitcoin ETF (DEFI), Franklin’s EZBC, Fidelity Wise Origin Bitcoin Trust (FBTC), Grayscale’s GBTC, VanEck’s HODL, and iShares Bitcoin Trust (IBIT).

As Reddit Inc. approaches its initial public offering (IPO), it has signed a contract for about $60 million to allow a major AI company to use its content to train AI models. The move aims to capitalize on the AI ​​craze to attract investors and increase IPO value. Reddit's revenue exceeded US$800 million last year, an increase of about 20%, and it is recommended that the IPO valuation be at least US$5 billion. The IPO could launch as early as next month. Details are still being discussed, and Reddit declined to comment. Additionally, AI companies are pursuing content licensing deals to train programs, including OpenAI’s contract with Axel Springer SE. The Reddit IPO was operated by 16 banks including Morgan Stanley and Goldman Sachs Group.

According to monitoring by on-chain analyst @ai\_9684xtpa, the smart money who opened a position in WLD a month ago has made a profit of US$1.05 million by buying low and selling high.

South Korea’s ruling People’s Power Party is considering deferring the tax on cryptocurrency investment income for another two years in the upcoming election campaign. The party said it will prioritize establishing a basic regulatory framework for cryptocurrencies rather than taxing investors, and plans to propose a series of new regulations for the crypto industry in the next term. South Korea’s cryptocurrency income tax was originally scheduled to be levied on January 1, 2023, but has been postponed to January 2025. Another extension will delay the start of the tax plan to 2027.

U.S. industry alliances including the Bank Policy Institute, the American Bankers Association, the Securities Industry and Financial Markets Association and the Financial Services Forum sent a letter to the U.S. Securities and Exchange Commission (SEC) on Wednesday urging it to adjust accounting guidance to avoid raising the number U.S. banks hold for customers. The cost of the asset. The regulator is already facing pressure from Democrats and Republicans in Congress to rescind the guidance. Existing guidelines require public companies, including banks, to count the cryptocurrencies they have in custody as liabilities on the company’s balance sheet. This means banks must set aside an equal amount of assets to protect against losses in order to meet capital requirements.

Pixels announced that it will airdrop to RON stakers, with a total of 20 million PIXEL tokens reserved, which will be distributed in two phases: the first batch of 10 million has begun, and the second batch will be distributed within a month. The snapshot date is scheduled for February 8 at 10:00. According to the amount of RON pledged by users, it is divided into four levels. The total amount of PIXEL rewards obtained by each level is as follows:

A whale bought $8.58 million in WBTC today, with an average purchase price of $51,797. This address purchased 4,913 ETH (worth approximately $13.7 million) at an average price of $1,262 between December 13 and December 20, 2023, and purchased 186 WBTC (worth approximately $9.64 million) at an average price of $17,346. , current profits are approximately US$13.9 million.