BingX Crypto & Financial News
During the week of January 5 to January 9, net outflows from spot Bitcoin ETFs amounted to approximately $681 million, while withdrawals from spot Ether ETFs reached around $68 million.
Yesterday, spot Bitcoin ETFs saw net inflows of approximately $116.7 million, while spot Ether ETFs recorded inflows of around $5.1 million.
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BingX Crypto & Financial News
During the week of January 5 to January 9, net outflows from spot Bitcoin ETFs amounted to approximately $681 million, while withdrawals from spot Ether ETFs reached around $68 million.
Yesterday, the total net inflow for spot Bitcoin ETFs was approximately $116.7 million. Total net inflows for spot Ethereum ETFs reached around $5.1 million.
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KRAK Acquisition Corp, a newly formed special purpose acquisition company backed by a subsidiary of Kraken, is planning to raise $250 million through an initial public offering on the Nasdaq.
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Bitmine has staked an additional 154,208 ETH, valued at approximately $478.77 million, bringing its total ETH stake to 1,344,224 ETH, or roughly $4.17 billion. Over the past 10 hours, PumpFun generated $148.48 million in stablecoins on Kraken. Since October 15, PumpFun has accumulated $844.8 million in stablecoins on the platform. During the same period, $1.35 billion in USDC was transferred from Kraken to Circle via the wallet DTQK7G.
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The ORCA Board of Governors has announced an increase in the programmatic redemption of ORCA rewards, which will now be credited to the xORCA smart contract for liquid staking. The redemption rate has been raised from 20% to 40% of the protocol fee revenue generated by the autonomous Orca smart contract.
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Fitch Ratings has classified Bitcoin-backed securities as having a "high market capitalization risk."
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Fitch Ratings has classified Bitcoin-backed securities as having a "high market capitalization risk." cointelegraph
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BingX Crypto & Financial News
Tennessee has ordered Kalshi, Polymarket, and Crypto.com to cease operations related to sports betting contracts.
A court has issued a temporary injunction preventing the state of Tennessee from taking any measures against Kalshi. cointelegraph
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BingX Crypto & Financial News
The U.S. Senate has introduced legislation outlining a new framework for the cryptocurrency industry.
The newly proposed Senate CLARITY Act would permit stablecoin rewards based on activity. cointelegraph
Earlier: Coinbase is open to re-evaluating its support for the CLARITY Act if it restricts stablecoin issuers from providing rewards.
Earlier: Coinbase is open to re-evaluating its support for the CLARITY Act if it restricts stablecoin issuers from providing rewards.
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Charles Hoskinson, the founder of Cardano (ADA), said the U.S. crypto industry faces greater challenges under the Trump administration than under Biden. He criticized the Trump administrationβs introduction of #TRUMP and #MELANIA, as well as what he described as the politicization of cryptocurrencies. Hoskinson highlighted issues such as poor management and a lack of clear regulations, which he believes are obstructing bipartisan legislative progress. He warned that cryptocurrencies risk being perceived as corrupt and associated with political agendas.
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In 2026, ZKsync plans to focus on advancing its core productsβPrividium, a platform for privacy-centric blockchain projects; ZK Stack, an integrated solution for building specialized blockchains; and Airbender, a settlement confirmation systemβby improving their functionality and expanding their capabilities.
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PeckShield reports that 2025 saw a record increase in cryptocurrency thefts, driven by vulnerabilities in centralized platforms and a shift toward social engineering attacks. Total losses exceeded $4.04 billion, up 34.2% from $3.01 billion in 2024. The breakdown includes approximately $2.67 billion lost to hacking, a 24.2% year-on-year rise, and about $1.37 billion lost to fraud, an increase of roughly 64.2%.
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PeckShield reports that 2025 experienced an unprecedented increase in cryptocurrency thefts, driven by systemic vulnerabilities in centralized platforms and a shift toward targeted social engineering. Total losses exceeded $4.04 billion, up 34.2% from $3.01 billion in 2024. The breakdown includes approximately $2.67 billion from hacks, a 24.2% rise year-over-year, and $1.37 billion from fraud, representing a 64.2% increase.
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JPMorgan analysts expect the Federal Reserve to leave interest rates unchanged for the rest of 2024 before implementing a rate hike in 2025. coindesk
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The Solana Policy Institute, a blockchain policy advocacy group, has called on the Securities and Exchange Commission to distinguish between centralized exchanges and non-custodial decentralized finance platforms. The institute contends that developers of DeFi protocols should not be considered intermediaries and, therefore, should be exempt from certain regulatory obligations. Read more here #regulation
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Thailand has launched a campaign to combat illicit "dark money" by tightening regulations within the physical gold and digital asset sectors. The initiative aims to address existing loopholes used for money laundering. cointelegraph #regulation
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Ukraine has blocked Polymarket as part of its wider crackdown on online gambling. coindesk
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A trader on Polymarket incurred a $2.36 million loss over eight days, executing 53 predictions with a success rate of 47.2%. The trader centered trades on sports markets, holding positions until settlement without employing hedging or scaling strategies. Winning bets yielded returns ranging from +60% to +150%, while losing bets resulted in total losses of -100%. Two or three losing trades was enough to wipe out previous gains.
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