[Midnight News Brief] Justin Sun makes a major purchase of LIT tokens…holding 5.32% of the circulating supply, etc.

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$400 million USDT transferred... HTX → Aave

According to Whale Alert monitoring, 400,000,000 USDT were transferred from the HTX address to the Aave address. This amounts to $400 million.

Justin Sun purchased $33 million worth of LIT...holding 5.32% of the circulating supply.

Chain analyst MLM reported that Tron founder Justin Sun withdrew $38 million from the $200 million he deposited into the decentralized perpetual contract exchange Lighter, and used $33 million of that to purchase a total of 13.25 million LIT tokens. This represents 1.33% of the total LIT supply, or approximately 5.32% of the circulating supply. Previously, at the end of last year, Justin Sun purchased 1.66 million LIT tokens for 5.2 million USDC. According to CoinMarketCap data, LIT is currently trading at $2.58, down 5.72%.

Cryptocurrency hacks caused $76 million in losses in December, a 60% decrease month-over-month.

According to data from blockchain security company PeckShield, there were 26 major cryptocurrency hacks in December, resulting in losses of approximately $76 million. This represents a decrease of over 60% compared to November's $194.27 million.

Novus CEO: "Cryptocurrencies will accelerate their entry into the mainstream financial sector this year."

Nate Geraci, CEO of asset management firm Novus Wealth Management, stated on the X platform: "Last year began with the SEC's lawsuit against Ripple and ended with the listing of the XRP spot ETF. Following the XRP spot ETF, ETFs such as Solana, Hedera, and Litecoin have emerged, and cryptocurrency index ETFs including ADA, SUI, DOT, and LINK have also been launched. Based on this trend, this year seems to be a turning point for cryptocurrencies to officially integrate into the mainstream financial field."

MicroStrategy's stock price fell for the first time in six consecutive months since introducing a BTC strategy.

According to CoinDesk, MicroStrategy has experienced its first six-month consecutive share price decline since introducing its Bitcoin financial strategy in 2020. Monthly return data shared by cryptocurrency analyst Chris Millhas shows that MSTR's share price fell continuously from July to December of last year, with particularly significant drops in August (-16.78%), October (-16.36%), November (-34.26%), and December (-14.24%). In contrast, BTC's performance during the same period was more stable than MSTR's. BTC fell 9.65% year-over-year and 27.36% over six months, a smaller decline than MSTR. Millhas analyzed, "MSTR has historically rebounded quickly after sharp drops, but this time it has exceptionally continued to fall without a rebound. This suggests the possibility of a structural repricing."

Analysis: "The DOGE, which has formed a death cross, may fall by 30%."

Renowned cryptocurrency analyst Marzell analyzed on the X platform: "Currently, the 3-day candlestick chart for Dogecoin shows a death cross pattern where the 200-day moving average has fallen below the 50-day moving average, as well as a head and shoulders pattern. If this pattern completes, DOGE could fall as low as around $0.08. With the cooling of interest in the DOGE spot ETF launched last November and the decrease in open interest in the futures market, the overall downward trend is accelerating. Currently, risk aversion towards DOGE is spreading among investors, resulting in continuous selling pressure." According to CoinMarketCap data, DOGE is currently trading at $0.1203, down 1.99%.

Binance Alpha, add AIAV

Binance Alpha announced that it will add AIAV on January 2nd (local time). Binance Alpha is an on-chain trading platform within the Binance Wallet that focuses on listing early-stage tokens.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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