1. Top 10 CEX Trading Volume and 24-Hour Price Changes:
BTC: + 0.13%
ETH: -2.76%
XRP: + 7%
SOL: + 3.09%
DOGE: -0.32%
HBAR: + 23.8%
LTC: + 8.07%
ADA: + 3.38%
XLM: + 2.17%
BNB: + 0.02%
24-Hour Gainers (Data from OKX)
MORPHO: + 28%
HBAR: + 24%
CXT: + 15.7%
ALGO: + 11.5%
EOS: + 10.8%
SAMO: + 9.4%
LTC: + 8.07%
CSPR: + 8%
CFX: + 8%
IOTA: + 8%
2. Top 5 Meme Coins on-Chain (Data from GMGN):
ROSSCOIN
CGAI
TRUMP
ALINAintel
RYZE
3. 24-Hour Trending Altcoins:
SOL: Former President Trump is "open to the idea" of establishing a strategic reserve containing US-created digital currencies, prioritizing US-created digital currencies like Solana, USD Coin, and Ripple.
XRP: Bloomberg senior ETF analyst Eric Balchunas stated that the Litecoin ETF has met all requirements, and the first Altcoin ETF could come as soon as 2025.
Headlines
Former President Trump is "open to the idea" of establishing a strategic reserve containing US-created digital currencies, prioritizing US-created digital currencies like Solana, USD Coin, and Ripple.
Bloomberg senior ETF analyst Eric Balchunas stated on social media that the Litecoin ETF has met all requirements, and the first Altcoin ETF could come as soon as 2025. He sees no reason for the application to be withdrawn, especially with the SEC having commented on the S-1 filing, viewing Litecoin as a commodity, and having new leadership.
Bloomberg Analyst: Solana ETF May Not Be Approved in the US Until 2026
Bloomberg industry research analyst James Seyffart stated that even with a crypto-friendly White House, a Solana ETF may not be launched in the US until 2026. He said that under a Donald Trump presidency starting on January 20th, issuers "may see" an improvement in the backlog of Solana ETF applications. However, with the SEC previously taking 240-260 days to review filings, this timeline could be pushed to 2026. Additionally, the SEC is suing crypto exchanges, alleging that SOL is an unregistered security, which complicates the review process. Seyffart said: "The SEC Enforcement labeling Solana as a security makes it harder for other parts of the SEC to define it as a commodity ETF for review."
Phantom Raises $150 Million Series C at $3 Billion Valuation, Co-Led by Sequoia and Paradigm
Phantom announced the completion of a $150 million Series C round at a $3 billion valuation, co-led by Sequoia and Paradigm, with participation from a16z crypto, Variant, and others. The funding will accelerate Phantom's mission to build the world's largest and most trusted consumer finance platform.
Multicoin Proposes Solana Improvement to Adjust SOL Issuance Rate to a Market-Based Solution
Multicoin Capital, an early investor in Solana, is now attempting to change Solana's inflation mechanism. Multicoin partners Tushar Jain and Vishal Kankani have submitted a "smart issuance" proposal for Solana, suggesting adjusting SOL issuance from the current fixed schedule to a market-based solution. Multicoin's proposal could potentially reduce SOL inflation.
In Solana terminology, inflation refers to the network issuing SOL to the validators running the Solana software and helping to build the blockchain. The validators then pass these issued SOL, along with some MEV (Miner Extractable Value) rewards, to the stakers who have delegated SOL to them.
In summary, Multicoin's proposal sets a 50% target staking rate to ensure network security and decentralization. If staked SOL exceeds 50%, the issuance will decrease to reduce yields and curb staking. If staked SOL is below 50%, the issuance will increase to raise yields and incentivize staking. The minimum inflation rate is 0%, and the maximum is based on the current Solana issuance curve.
Solana's inflation rate was initially set at 8% and will decrease by 15% annually until reaching 1.5% inflation. According to Solana Compass, the current SOL inflation rate is around 4.8%. Solana co-founder Anatoly Yakovenko stated in a podcast that the fixed rate concept was borrowed from the Cosmos blockchain, and inflation is just "an accounting treatment".
Industry News
Jupiter: Airdrop Claim to Open Next Week, Users Need to Create Profile Pages First
Jupiter announced on X that the airdrop claim will open next week, and users need to create their profile pages first. These pages will become the central hub for users to handle any Jupiter-related matters, from airdrop claims to future product releases and other community initiatives.
Jupiter also stated that over 750,000 addresses were identified as bots/sybils. Given the large airdrop scale (around 10 million addresses), some addresses may have been incorrectly flagged. If you are one of them, you have 3 months to file an appeal.
Project News
Coinbase International to List AIXBT, PNUT, and VET Perpetual Contracts
Coinbase International and Coinbase Advanced will list AIXBT, PNUT, and VET perpetual contracts. The AIXBT-PERP, PNUT-PERP, and VET-PERP markets will open on or after 9:30 AM UTC on January 23, 2025.
OKX to List DUCK Leveraged Trading, Perpetual Contracts, and Simple Earn
According to the official announcement, OKX will list the DUCKUSDT perpetual contract on its web, app, and API platforms on January 16, 2025, at 7:00 PM (UTC+8). DUCK leveraged trading and Simple Earn will be added on January 17, 2025, at 12:00 PM (UTC+8).
Dolos Developer: No-Code AI Agent Platform Dolion to Launch on January 28, Value to Flow to BULLY
Dolos developer @khouuba posted on X that the no-code, one-click AI Agent development platform Dolion will launch on January 28. It will simplify social media management and on-chain operations, initially supporting X and TikTok, with plans to expand to Meta platforms, LinkedIn, WeChat, and others.
All value generated by the Dolion platform will flow to the BULLY token through buyback and burning mechanisms, making it the core of the ecosystem.
Universal Basic Compute to Launch Staking Mechanism, Users Can Stake UBC to Earn COMPUTE
Universal Basic Compute announced on X that it will launch a staking mechanism, allowing users to stake UBC to earn COMPUTE tokens. The COMPUTE output efficiency will vary based on the staking duration.
According to the previous announcement of Universal Basic Compute, the COMPUTE token will undergo an LBP sale in the next three days, selling 75% of the total supply, and the remaining tokens will be minted through staking UBC.
Investment and Financing
Crypto custodian Komainu, backed by Nomura, raises $75 million in funding
Komainu Holdings Ltd., the crypto custodian backed by Nomura Holdings Inc., announced that it has raised $75 million in funding from Blockstream Capital Partners.
The company plans to use the funds to support its global expansion plans and integrate the collateral management and tokenization technologies developed by Blockstream Corp., once regulatory approval is obtained. Adam Back, the CEO of Blockstream, will join Komainu's board of directors. (Bloomberg)
Tapestry, a Solana ecosystem social graph protocol, has completed a $5.75 million Series A funding round at a $35 million equity valuation and $70 million token valuation. The round was co-led by Union Square Ventures and Fabric Ventures, with participation from Stellation Capital, Slow Ventures, and Foresight Venture. As part of the transaction, Nick Grossman from Union Square Ventures, Anil Hansjee from Fabric Ventures, and Peter Boyce from Stellation Capital have joined Tapestry's board of directors. The Series A funding brings Tapestry's total funding to $12.5 million. Tapestry aims to enable developers to easily integrate social features into blockchain applications and plans to expand to ecosystems like Aptos, Monad, and Berachain.
Voices
Bloomberg Analyst: SEC Approval of Solana or XRP ETF is Just a "Matter of Time"
Bloomberg analyst James Seyffart posted on the X platform, stating: "I think the SEC approving a Solana or XRP ETF is just a matter of time, not 'if,' but a Litecoin ETF may be approved first - mainly because the SEC hasn't accused Litecoin of being a security."
