Carolyn Crenshaw, a cryptocurrency critic for the U.S. Securities and Exchange Commission, resigns.
According to DL News, Caroline Crenshaw, the only Democratic commissioner on the U.S. Securities and Exchange Commission (SEC) and a well-known cryptocurrency critic, will be leaving the SEC. Since her appointment in 2020, Crenshaw has been a vocal regulator of the cryptocurrency industry, and strongly opposed the approval of a Bitcoin spot ETF in January 2024. The report adds, "This change could shift the tone of cryptocurrency regulation in the United States towards a more industry-friendly approach."
An anonymous whale withdrew $62.3 million worth of ETH from multiple exchanges within 12 hours.
According to Onchain Lens, an on-chain analytics platform, a whale address (starting with 0x363ad), suspected to be an anonymous entity, withdrew 20,000 ETH (worth $62.3 million) from exchanges including Galaxy Digital, Coinbase, FalconX, and Cumberland in the past 12 hours. Withdrawals from exchanges are typically interpreted as holding funds.
400 million USDT transferred... HTX → Aave
According to Whale Alert, 400,000,000 USDT were transferred from the HTX address to the Aave address. This is worth $400 million.
This year, venture capital funding in the cryptocurrency sector reached $49.75 billion.
According to Wublockchain statistics, major venture capital (VC) investments in the cryptocurrency industry totaled $49.75 billion this year, more than four times the amount invested last year. The majority of this investment stemmed from mergers and acquisitions (M&A) or public offerings (IPOs) of centralized exchanges (CEXs). The largest single deal was the Dunamu merger ($10.3 billion). The total number of investment transactions was 898, but the number of transactions itself decreased by 42.1% compared to the same period last year.
An anonymous whale deposited $35.75 million worth of ZEC into Binance today.
According to Lookonchain, an anonymous whale address (starting with t1Ym8XW) deposited 74,002 ZEC (worth $35.75 million) into Binance today alone.
Solana co-founder: "Staking is more positive for the ecosystem than token buybacks."
On the X platform, Solana co-founder Anatoly Yakovenko stated, "I believe that mimicking the long-term capital accumulation structure of traditional finance is more logical than token buybacks. In the cryptocurrency industry, the most similar concept is staking. This is a way for investors with a long-term holding intention to dilute the equity of investors who do not have this intention. The returns can be designated as future redeemable tokens, and people can lock and stake tokens for a year, so that as the asset size grows, the number of tokens available for staking participants also increases." Previously, the co-founder of Jupiter, a decentralized exchange (DEX) based on Solana, discussed on X whether to continue buybacks or provide incentives to existing users.
BTC falls below $90,000
According to Cointelegraph, Bitcoin fell below $90,000 after news broke of the US airstrikes against Venezuela. The report explained, "BTC retreated after hitting around $90,940, seemingly under short-term selling pressure from geopolitical tensions. Many analysts believe the price drop will be temporary if the situation doesn't escalate further. On the other hand, gold prices are correcting after hitting record highs, but BTC has risen about 5% since Christmas, leading some to suggest a possible rotation of funds from gold to BTC."
