Subscribe to BTCWBT
Receive the latest updates directly to your inbox.

OKX will support the Stellar network’s mainnet upgrade

BTCWBT
January 31
OKX will support the mainnet upgrade of the Stellar network. The upgrade is expected to be carried out at 11:00 pm (UTC+8) on January 30, 2024. At that time, OKX will be launched at 10:00 pm (UTC+8) on January 30, 2024. Deposits and withdrawals of XLM tokens and related tokens in the network are suspended and will be reopened after the network is upgraded. During the upgrade, users are prohibited from depositing or withdrawing XLM tokens and its network-related tokens, but transactions in XLM network tokens will not be affected.

Hong Kong requires licensed virtual asset exchanges to provide at least 50% insurance for customer assets

BTCWBT
January 30
In order to ensure the safety of investors' funds, the Hong Kong Securities and Futures Commission (SFC) has required licensed virtual asset exchanges to provide at least 50% insurance for customer assets. The move is intended to strengthen the virtual asset market and protect users from potential security breaches or the risk of bankruptcy. According to the report, licensed exchanges such as OSL Exchange and HashKey Exchange have taken measures to provide insurance coverage beyond the requirements to enhance investor confidence in the crypto market.

Chain game MixMob will launch the governance token MXM this week and will airdrop 63 million tokens to early users

BTCWBT
January 30
MixMob, a P2E chain game project based on Solana, will launch the governance token MXM on February 1 and will be listed on crypto exchanges such as Bybit. According to MixMob representatives, the project will distribute 63 million MXM tokens via airdrop to buyers of MixBot NFTs and game beta players. MixMob recently held a public MixBot sale, selling 9,000 NFTs in 12 minutes and earning over $2.25 million. MixMob CEO Simon Vieira said it will also offer exclusive benefits, including airdrops, to Solana Saga smartphone holders, with MixMob’s Saga benefits expected to launch later this quarter. According to previous news, MixMob completed a US$7 million seed round of financing in 2022, with Defiance Capital leading the investment.

Bitcoin spot ETF 12th trading day: total trading volume 1.56 billion US dollars, GBTC ranks first

BTCWBT
January 30
According to data compiled by Bloomberg analyst James Seyffart, the total trading volume of the U.S. Bitcoin Spot ETF on its 12th trading day was $1.5643 billion. Among them, GBTC trading volume was US$570 million, ranking first. BlackRock’s IBIT and Fidelity’s FBTC followed closely behind. Meanwhile, the Bitcoin Spot ETF’s total trading volume over 12 trading days was $25.9384 billion.

Gemini appoints former Grab executive Saad Ahmed as head of Asia Pacific

BTCWBT
January 29
Crypto exchange Gemini announced in its official blog the appointment of Saad Ahmed as head of Gemini Asia Pacific (APAC). Saad will lead Gemini’s strategy and business development efforts in the region. According to reports, before joining Gemini, Saad held executive leadership positions at Grab, a multi-functional online service platform in Southeast Asia, as regional commercial director and managing director of Merchants. Prior to joining Grab, Saad was a founding team member of Uber India and was responsible for the company's business development in Southeast Asia.

Bitcoin ETF ads may appear on Google starting January 29

BTCWBT
January 29
According to Cointelegraph, Google will update its policies on January 29 to allow certain cryptocurrency products to advertise on its search engine. It appears that a Bitcoin ETF may meet the criteria, sparking speculation within the crypto industry. Crypto analysts are optimistic about potential inflows into Bitcoin ETFs due to Google’s high transaction processing power in search. According to the latest data from DemandSage, Google handles 8.55 billion searches every day. However, Google did not specify what products are allowed in “cryptocurrency trust” ads.

Vanguard: Not allowing customers to trade Bitcoin spot ETF, Bitcoin is an immature asset class

BTCWBT
January 28
Bitcoin Magazine tweeted that Vanguard, the asset management giant, stated that they do not allow customers to trade Bitcoin spot ETFs because it is an immature asset class with almost no history, no intrinsic economic value, and no cash flow, and may not be available in the future. Wreaking havoc in a portfolio.

BlackRock Bitcoin Spot ETF assets under management exceed $2 billion

BTCWBT
January 27
The asset management scale of BlackRock’s Bitcoin Spot ETF (IBIT) exceeded US$2 billion, becoming the first ETF among the recently approved U.S. Bitcoin spot ETFs to reach this size (excluding Grayscale’s GBTC). On Thursday, investors added approximately $170 million to IBIT, and the fund purchased nearly 4,300 more Bitcoins, bringing its current holdings to 49,952 Bitcoins. The next fund to cross the $2 billion mark is likely to be Fidelity’s Wise Origin Bitcoin Fund (FBTC), which held just under 44,000 Bitcoins as of January 25.

Curve: crvUSD loan clearing AMM algorithm Llamalend expected to be released in the coming days

BTCWBT
January 27
Curve Finance recently stated on the . Today, Curve Finance issued an update based on the above announcement, saying that there are still a few days until Llamalend is released, and once the auditor agrees, product testing earlier than the UI will be deployed.