Chainlink Joins Top 10 Cryptocurrencies
January Sees 3x Bitcoin Trading Volume, Hacker Claims To Have Obtained Law Enforcement Tool For Online "Subpoenas"
Welcome to Coinfeeds Daily Digest! Ethereum holders have accumulated $1.22 billion by withdrawing ETH from exchange wallets ahead of the spot Ethereum ETF decision from the SEC, and Lido DAO is now close to having 10 million ETH staked (72% share of all liquid-staked ETH). El Salvador's pro-Bitcoin president Nayib Bukele is poised to win his second term, and a South Korean regulator from the FSS is opening a dialogue with the U.S. SEC regarding the regulation of digital assets and potentially stronger cooperation between both agencies. Chainlink soared 27% last week, which resulted in the token joining the top 10 cryptos by market capitalization, and Bitcoin's on-chain volume jumped to levels we haven't seen since September 2022.
Market Update
News
Chainlink Joins Top 10 Cryptos Following 27% Weekly Surge
Chainlink, a blockchain abstraction layer that enables universally connected smart contracts, has had an extraordinary week, with its value skyrocketing by 27%. This impressive growth spurt has resulted in LINK climbing the ranks to join the elite group of the top 10 cryptocurrencies by market cap. | Read More
Bitcoin Saw 3x Trading Volume In January
Bitcoin has recently experienced a significant surge in on-chain volume, reaching levels not seen since September 2022. In January 2024, the cryptocurrency's monthly volume soared past $1.21 trillion, indicating a robust resurgence in trading activity. | Read More
Ethereum Holders Accumulate $1.22B Ahead of ETH ETF Decision
A staggering 510,000 ETH, valued at approximately $1.22 billion, has been withdrawn from exchange wallets ahead of the spot Ethereum ETF decision. Meanwhile, Lido DAO, a decentralized autonomous organization offering liquid staking solutions, is on the brink of achieving a major milestone. The protocol is close to having 10 million Ethereum staked. | Read More
El Salvador's Pro-Bitcoin President Nayib Bukele To Win Re-election
El Salvador has witnessed a significant political event as early voting data suggests that President Nayib Bukele is poised to secure a second term in office. With 31.5% of the vote counted, initial results show an overwhelming 87% in favor of Bukele's party. Bukele, a vocal supporter of Bitcoin, made history by making the crypto legal tender in El Salvador. | Read More
Hacker Advertises Law Enforcement Tool For Discord, Binance, Coinbase ‘Subpoenas’
A hacker has claimed to have obtained access to a law enforcement tool that could be used to request user information from major online platforms such as Discord, Binance, and Coinbase. "KodexGlobal" is purportedly a law enforcement request account. Such accounts are typically used by authorities to issue subpoenas or emergency data requests to gather information during investigations. | Read More
S. Korea Regulator In Talks With U.S. SEC on Bitcoin ETF Rules
South Korea's Financial Supervisory Service (FSS) has announced its intention to engage in discussions with the U.S. SEC regarding spot Bitcoin ETFs. The discussions are expected to be about the regulation of digital assets and aim to foster stronger cooperation between the two regulatory bodies. | Read More