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Bitcoin (BTC) Reclaims $95,000 with a 3.08% Increase in 24 Hours
Bitcoin (BTC) crossed the $95,000 benchmark and is now trading at $94,803, with 3.08% increase in 24 hours.
Ethereum (ETH) Surpasses $3,300 with a 6.20% Increase in 24 Hours
Ethereum (ETH) crossed the $3,300 benchmark and is now trading at $3,325, with 6.20% increase in 24 hours.
U.S. Senate Releases New Draft of Crypto Market Structure Bill
U.S. Senate Banking Committee Chairman Tim Scott recently released a new draft of the Senate's crypto market structure bill ahead of a related hearing later this week.
The Digital Asset Market Clarity Act, which was approved by the House of Representatives in July, provides "for a system of regulation of the offer and sale of digital commodities by the Securities and Exchange Commission and the Commodity Futures Trading Commission, to amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes," the updated bill said.
Bitmine Stakes Additional 92,160 ETH, Totaling $4.77 Billion
Bitmine has further staked 92,160 ETH, valued at $293.27 million. To date, the company has staked a total of 1,436,384 ETH, amounting to a total value of $4.77 billion.
Crypto Data Firm CoinGecko Explores Potential $500M Sale - Report
Crypto market data and analytics platform CoinGecko has hired investment bank Moelis (MC) to advise on a potential sale, according to a media report on Tuesday.
The company is seeking a ~$500M valuation, CoinDesk reported, citing two people with knowledge.
Bitwise CIO: Sustained ETF Demand Could Push Bitcoin Into Parabolic Growth Phase
Bitcoin could enter a parabolic price phase if exchange-traded fund (ETF) demand remains strong over the long term, according to Matt Hougan, chief investment officer at Bitwise.
In a post on X, Hougan argued that Bitcoin’s current market structure closely resembles gold’s recent multi-year setup, where persistent structural demand quietly absorbed supply before prices accelerated sharply.
Upexi Enters $36M Solana-Backed Convertible Note Deal with Hivemind Capital
Upexi (UPXI) entered into a securities purchase agreement with Hivemind Capital Partners for a $36M Solana-backed convertible note.
The note carries a 1.0% interest rate, payable quarterly, with a 24-month maturity.
The fixed conversion price is set at $2.39/share, above the prior close of $2.12 at signing.
Old Glory Bank to Go Public Through Digital Asset Acquisition Merger
Digital Asset Acquisition (DAAQ) announced on Tuesday a business combination with the online banking platform Old Glory Bank to create OGB Financial.
Old Glory Bank's pre-money valuation will be $250M.
The Princeton-based special purpose acquisition company said the Texas corporation will be listed on Nasdaq under the ticker symbol OGB.
Bitcoin Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Tuesday was $753.73 million. The total net asset value of Bitcoin spot ETFs is $123 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.52%.
The Bitcoin spot ETF with the highest net inflow on Jan. 13 was Fidelity Wise Origin Bitcoin Fund, with a net inflow of $351.36 million. Followed by Bitwise Bitcoin ETF, with a net inflow of 159.42 million, according to SoSoValue.
SoSoValue
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