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Golden Morning News丨Trump may make encryption a priority, and the Litecoin ETF may become the first altcoin ETF in 2025
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2025-01-17 09:02 6,646
Headlines

▌Informed sources: Trump plans to issue an executive order to make cryptocurrency a priority

Informed sources revealed that U.S. President-elect Trump plans to issue an executive order to elevate cryptocurrency as priorities. The executive order is expected to position cryptocurrency as a “top priority” and aim to guide agencies to cooperate with the industry, and will establish a cryptocurrency advisory committee to speak for the industry.

▌Litecoin ETF may become the first altcoin ETF in 2025

Bloomberg senior ETF analyst Eric Balchunas posted on social media that “Litecoin ETF now meets all conditions , the countdown to the first altcoin ETF of 2025 is about to begin. I don’t see any reason to withdraw this application, especially since the SEC has commented on the S-1 filing, Litecoin is considered a commodity, and the SEC With new leadership in place.”

As previously reported, Nasdaq filed a 19B-4 filing for the Canary Litecoin ETF to initiate the regulatory review process.


Quotes

As of press time, according to Coingecko data:

BTC’s recent transaction price was US$100,306, with an intraday increase or decrease of +0.0%;

ETH’s recent price The transaction price was US$100,306, with an intraday increase or decrease of -3.5%;

BNB’s latest transaction price was 7 10.64 US dollars, with an intraday increase or decrease of -0.2%;

SOL’s recent transaction price was 211.23 US dollars, with an intraday increase or decrease of +3.3%;

DOGE’s recent transaction price was 0.3777 yuan, with an intraday increase or decrease of The increase or decrease was -0.8%;

XPR’s recent transaction price was $3.28, with an intraday increase or decrease of +6.8%.


▌The U.S. Supreme Court may rule on the TikTok case on Friday

The U.S. Supreme Court hinted that it may rule on the "no sale or sale" case on Friday (January 17) "Ban" TikTok ban ruling. On January 16, local time, the U.S. Supreme Court issued an announcement on its website stating that the court "may issue an opinion at 10 a.m. ET on Friday (11 p.m. Beijing time)", but did not specify which cases it would decide. . The TikTok ban was originally scheduled to take effect on Sunday (January 19). (Golden Ten)


Blockchain Application

▌Multicoin submitted a "smart issuance" proposal for Solana, proposing to adjust the SOL issuance rate to a market-based solution

Multicoin Capital, one of Solana’s early investors, is now trying to change the inflation mechanism of the Solana network. Two partners at Multicoin Capital, Tushar Jain and Vishal Kankani, submitted a report on Solana’s “intelligent"Issuance" proposal, which proposes to adjust the issuance of SOL from the current fixed schedule to a market-based solution.

Multicoin's proposal may reduce SOL inflation. In Solana terminology, inflation refers to Network to run S The validators that use olana software and help build the blockchain then pass these issued SOL along with some MEV (Miner Extractable Value) rewards to the stakers who delegated the SOL to them. >Cryptocurrency

▌TRM Labs: The volume of illegal transactions on the chain will drop by 24% to US$45 billion in 2024, and TRON will still be the main blockchain for illegal activities

Blockchain intelligence company TRM Labs found that illegal transaction volume on cryptocurrency chains fell 24% to $45 billion in 2024, accounting for only 0.4% of overall crypto transaction volume. Although total transaction volume increased by 56% last year to $10.6 trillion, law enforcement agencies and Industry cooperation efforts have effectively curbed illegal activities. TRON’s illegal transactions have dropped significantly, with illegal transaction volume reduced by US$6 billion and the ratio almost halved, thanks to its cooperation with Tether and TRM. T3 Financial Crime Unit co-founded by Labs. However, TRON remains the main blockchain for illegal activity, accounting for 58% of total illegal transaction volume, attracting criminals with low transaction fees and popular stablecoins. The report also shows that sanctions violations account for 58% of the total illegal transaction volume. One-third of illegal transactions, scams and fraud account for one-quarter, of which Fraud-related capital inflows fell 40% from last year. At the same time, ransomware attacks and terrorist financing increased, especially those carried out by North Korean and Russian hackers.

▌View: The United States buys altcoins as a Strategic Reserves are a Ridiculous Idea and Will Never Happen

Hedge Funds Quinn Thompson, founder of Lekker Capital, said that the United States buying altcoins as strategic reserves is a ridiculous idea and will never happen. Previously, the New York Post reported that Trump “accepted” the creation of cryptocurrencies including SOL, XRP, and Circle. The idea of ​​tokens including the USDC stablecoin as a “U.S. priority strategic reserve”

Quinn Thompson explained: “There is no authority to place venture capital bets on altcoins. Rumors about the creation of strategic reserves for other non-BTC currencies is another example of people treating an otherwise bad idea as fact. ”

▌Bloomberg analyst: It is only a matter of “time” before the SEC approves Solana or XRP ETF

Bloomberg analyst James Seyffart posted on the X platform: “I think the SEC approves Solana orSecurities”.

▌Arkham: The current coverage of MicroStrategy’s Bitcoin holding addresses has reached 96%

The on-chain intelligence platform Arkham issued a document on the X platform stating that it has identified additional MicroStrategy holding addresses. There are 25 billion Bitcoin addresses, bringing the coverage of the company’s Bitcoin positions to 96%. The addresses marked this time include MicroStrategy. Anchorage Digital received over 118,000 BTC and received over 130,000 BTC from Coinbase Prime

Arkham has currently tagged MicroStrategy 4.377 million BTC, accounting for its total BTC holdings (including custody at Fidelity). 96% of Digital’s assets)

▌Bloomberg Analyst: Solana. The ETF may not be approved for listing in the United States until 2026

Bloomberg Industry Research analyst James Seyffart said in an interview that even if the White House is friendly to cryptocurrencies, the Solana ETF may not be approved for listing until 2026. It won't launch in the U.S.

Issuers "may see" the Solana ETF application lag improve after President-elect Donald Trump takes office on January 20, however. , due to SEC It once took 240-260 days to review documents, so this timeline may be extended into 2026

In addition, the SEC is filing a lawsuit against the cryptocurrency exchange, accusing SOL of violating the law. Registering a security makes the review process more complicated, Seyffart said: “The SEC Enforcement Division refers to Solana as a security, which makes it difficult for other SEC divisions to review it as a commodity ETF. ”

▌Arkham: A giant whale deposited more than 1 billion US dollars in Bitcoin to Coinbase Prime

According to Arkham monitoring data, about 8 hours ago, one person held more than 2.7 billion US dollars. USD Bitcoin address (bc1qe....j6tzuy) to Coinbase Prime deposited $1.05 billion in Bitcoin. The address received the majority of the Bitcoin between September 9 and 11, 2024, when the price of Bitcoin was between $54,000 and $57,000. /p>


Important Economic Updates

▌The probability that the Federal Reserve will keep interest rates unchanged in January is 97.3%

According to CME’s “Fed Watch”, the probability that the Federal Reserve will keep interest rates unchanged in January is 97.3%. 97.3%, rate cutThe probability of 25 basis points is 2.7%. The probability of keeping current interest rates unchanged by March is 70.1%, the probability of a cumulative 25 basis point interest rate cut is 29.2%, and the probability of a cumulative 50 basis point interest rate cut is 0.7%.

▌UBS: The slow and steady sell-off in U.S. bonds may continue

UBS Group strategist Bhanu Baweja and others said that the sell-off in U.S. bonds since September has been significant It has a "slow and steady" characteristic that "should worry bond bulls." "Volatility remains low and while there are concerns, there is no panic," they wrote in a note. "The slow-moving nature of the sell-off may mean this may continue," they warned.

▌The market expects a 90% probability of the Bank of Japan raising interest rates in January, which may undermine the upward momentum of cryptocurrency

Investors are paying attention to Trump’s inauguration on January 20. This has the potential to be a key catalyst for Bitcoin and cryptocurrency prices. However, on January 24, the Bank of Japan is likely to raise interest rates. Markets are currently pricing in a 90% chance of a rate hike on January 24, according to a chart shared by analyst Michael Kramer on the X platform. Previously, the Bank of Japan’s interest rate hike caused chaos in the traditional asset and digital asset markets. This was a key catalyst in the reversal of the yen carry trade in early August, which sent Bitcoin crashing to $49,000. Traders may be preparing for another sell-off this time around.

▌The U.S. dollar index fell 0.12% on the 16th

The U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.12% that day and closed at 108.955 in late foreign exchange trading. As of late trading in New York, 1 euro was worth $1.0302, up from $1.0293 on the previous trading day; 1 pound was worth $1.2235, up from $1.2231 on the previous day. 1 U.S. dollar was exchanged for 155.29 yen, lower than 156.46 yen on the previous trading day; 1 U.S. dollar was exchanged for 0.9109 Swiss francs, lower than 0.9127 Swiss francs on the previous trading day; 1 U.S. dollar was exchanged for 1.4396 Canadian dollars, higher than the previous trading day 1.4329 Canadian dollars; 1 U.S. dollar exchanged for 11.1466 Swedish kronor, down from 11.1543 Swedish kronor in the previous trading day.


Golden Encyclopedia

▌What is a teardrop attack in encryption?

In the cryptocurrency environment, teardrop attacks often target the decentralized nature of blockchain platforms. Even if they don’t target the blockchain’s cryptographic algorithms, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on could lead to service disruptions, loss of funds, and loss of user trust. Attackers can interfere with the consensus process, transaction validation, or node-to-node communications by focusing on specific nodes or servers. This can lead to network fragmentation, processing delays or even complete outages.

Disclaimer: As a blockchain information platform, Golden FinanceThe content is for informational purposes only and does not serve as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.

Keywords: Bitcoin
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