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Crypto News
Bitcoin (BTC) Surpasses $95,000 with a 0.5% Decrease in 24 Hours
Bitcoin (BTC) crossed the $95,000 benchmark and is now trading at $95,441, with a 0.5% decrease in 24 hours.
Ethereum(ETH) Drops Below $3,300 with a 0.3% Increase in 24 Hours
Ethereum has dropped below $3,300 and is now trading at $3,299, with a narrowed 0.3% increase in 24 hours.
Senate Banking Committee Delays Its First Big Vote on Crypto Bill
The U.S. Senate Banking Committee has postponed its markup of its crypto market structure draft bill shortly after Coinbase (COIN) CEO Brian Armstrong condemned the proposed legislation.
Unveiled on Monday, the bill seeks to establish a comprehensive regulatory crypto framework by defining when digital assets are securities or commodities and assigning market oversight of spot crypto markets to the Commodity Futures Trading Commission and securities-based tokens to the Securities and Exchange Commission.
But the first big vote on the draft legislation was delayed late Wednesday and a new date has yet to be set, Tim Scott, chairman of the Senate Banking Committee, said in a statement.
Trump Family’s World Liberty Seeks CFO for Proposed Crypto Bank
World Liberty Financial, the crypto platform co-founded by President Donald Trump, has a new offshoot that’s pursuing a bank charter. Its application shows at least one key job vacancy.
The proposed World Liberty Trust Co. listed its chief financial officer as “to be identified” in its Jan. 5 application. If approved, such a charter would allow the affiliate to function as a bank in certain ways, including by safeguarding assets.
World Liberty Trust plans to fill the CFO position soon, according to people familiar with the matter, who requested not to be identified to discuss private internal deliberations.
Coinbase's Armstrong Lobbies Lawmakers to Preserve Stablecoin Rewards - Report
Coinbase CEO Brian Armstrong spent Thursday on Capitol Hill urging lawmakers to protect his crypto exchange's ability to offer reward on stablecoins, as part of his opposition to the Senate Banking Committee's crypto market structure draft bill.
"Maybe the biggest" concern with the bill is that it could undermine competition between crypto firms and traditional banks by limiting rewards for stablecoins, Armstrong told reporters at the Capitol, Bloomberg reported.
On Wednesday, Armstrong said his company cannot back the revised legislation that Senate Banking Committee Chairman Tim Scott released earlier in the week. Scott subsequently said the committee delayed action on the bill.
MrBeast Nabs $200 Million Investment From Tom Lee’s Bitmine
Bitmine Immersion Technologies Inc., the largest corporate holder of the cryptocurrency Ether and chaired by Fundstrat’s Tom Lee, said it will invest $200 million for a stake in Beast Industries, the private company behind YouTube star Jimmy “MrBeast” Donaldson.
The move highlights the growing convergence between digital finance and the creator economy, as crypto-native firms look to align with brands that dominate Gen Z and Gen Alpha attention. Beast Industries oversees Donaldson’s sprawling YouTube business — now the platform’s most-watched — and consumer brands including Feastables. In October, it filed a trademark application for “MrBeast Financial,” listing services such as cryptocurrency exchange platforms and consumer lending.
State Street Joins Crypto Rush With Digital-Asset Rollout
State Street Corp. is rolling out a digital-asset platform as the firm pushes to grow in the increasingly popular asset class.
The custody bank will develop and support money-market and exchange-traded funds and cash products such as tokenized deposits and stablecoins, the Boston-based company said in an emailed statement.
State Street will collaborate with money managers and institutional clients it serves, as well as with its own asset-management arm, which has been launching separate products. Last month, it teamed up with Michael Novogratz’s Galaxy Digital to create a tokenized fund.
Bitcoin Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Thursday was $100.18 million. The total net asset value of Bitcoin spot ETFs is $125.18 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.58%.
The Bitcoin spot ETF with the highest net inflow on Jan. 15 was iShares Bitcoin Trust, with a net inflow of $315.79 million. Followed by Grayscale Bitcoin Mini Trust, with a net outflow of $6.74 million, according to SoSoValue.
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