Bitcoin
The price of BTC has fallen since Jan. 11 — the day the conversion of Grayscale Bitcoin Trust to an ETF allowed long-term investors to sell — dampening the massive inflows from last week’s successful debut of 10 other spot Bitcoin ETFs.
With nearly $30 billion in assets under management, Bitcoin is now the second largest asset class after gold in US commodities ETFs.
DeFi
Arbitrum has “robust fundamentals,” according to a Nansen analyst, but investors are concerned about its upcoming $2 billion token unlock.
The vote to deploy Aave V3 on the blockchain network associated with Binance was created one day after Aave Labs proposed a strategy to integrate its GHO stablecoin across several blockchain networks.
Business
Former U.S President Donald Trump has promised to never allow the creation of a CBDC if he is elected to the Oval Office once again.
Ethereum
The Ethereum Dencun upgrade launched on the testnet but failed to finalize for four hours due to a bug that has since been patched.
Judge Katherine Polk Failla said she had a “real fear” that the SEC’s definition of a regulated investment contract would include collectibles like Beanie Babies.
The CoinDesk 20 Index tracks major cryptocurrencies and offers investable products from parent company Bullish.
The latest developer report from Electric Capital reveals a sobering decline in the active crypto development workforce, despite Ethereum’s strong pull on new talent and the rise of multi-chain development.
Crypto asset manager Grayscale sent close to $400 million worth of Bitcoin to Coinbase as investors pulled funds from GBTC.
