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$7.2 billion worth of crypto will be unlocked in the first month of this year, potentially creating market volatility
Quick Take During a Bloomberg TV interview on Wednesday, SEC Chair Gary Gensler repeated his assertion that crypto is “rife with bad actors.” He also drew comparisons to former president Donald Trump-appointed Chair Jay Clayton.
Quick Take Pump.science’s longevity experiments on laboratory mice will involve giving the animal subjects potentially “life extending compounds” and then testing their physical endurance. Using video of the mice trying to stay on a rotating rod and provided data, people will be able to wager the mice’s performance on the Solana-based, prediction platform Hedgehog Markets.
Quick Take CFTC Chair Rostin Behnam made his last public speech on Wednesday at a Brookings Institution event in Washington, D.C., repeating his call for Congress to fill a gap in crypto regulation. Behnam said the legislation would take time, noting a new presidential administration and new makeup in Congress.
Quick Take The criminal trial of Terraform Labs founder Do Kwon has been tentatively scheduled for late January of next year. Kwon, who pleaded not guilty, could face up to 130 years in prison if convicted of the nine charges related to the collapse of his failed TerraUST stablecoin.
Quick Take The U.S. entities’ bitcoin reserves share over non-U.S. entities reached a ratio of 1.65 as of Jan. 6, according to CryptoQuant data. The share of bitcoin reserves held by U.S. entities soared between last September and December, during which Donald Trump was reelected as U.S. President.
- 06:21El Salvador acquires 8 more BTC in the past 7 days, bringing total holdings to 6,236.18 BTCAccording to Jinse Finance, El Salvador has acquired 8 more Bitcoins in the past 7 days, bringing its total Bitcoin holdings to 6,236.18 BTC, with a total value of $734 million.
- 05:58Analyst: Are Tariff Effects Unstoppable? US Inflation Expected to Accelerate in JuneAccording to a report by Jinse Finance, analysts have noted that after several months of low inflation, U.S. consumers may have experienced a slight acceleration in price increases in June, as businesses began passing on higher import costs related to tariffs to consumers. Surveys of economists by institutions indicate that prices for goods and services, excluding the more volatile food and energy costs, are expected to have risen by 0.3% in June—the largest increase in five months. In May, the core CPI edged up by just 0.1%. Although next Tuesday’s report may show that the cost of U.S. import tariffs has only been partially passed on to consumers, many economists expect inflation to gradually pick up as the year progresses. Meanwhile, many businesses remain hesitant to raise prices, as U.S. consumers have become more cautious with their spending following a cooling job market. This represents a delicate balance.
- 05:38Planet Noon Briefing1. Only 10,000 wallets successfully participated in the PUMP presale, with over 200 addresses reaching the $1 million hard cap;2. The Pudgy Penguins founder's wallet transferred 265 million PENGU to a new address;3. The Hyperion airdrop claim page is now live, and RION claims will open after TGE;4. The "insider whale" alt account shorted FARTCOIN for the first time, opening at $1.27;5. A whale prepared $40 million USDC to participate in the PUMP public sale, but ultimately only contributed $5.15 million;6. Airwallex CEO: Traditional banking requires scalable infrastructure, and the company has begun recruiting a stablecoin engineering lead;7. Hong Kong Treasury Secretary: Only a small number of stablecoin licenses will be issued in the first phase, with plans to promote tokenization of assets such as ETFs in the future;8. A trader going long on PUMP has unrealized profits exceeding $1.5 million;9. PUMP pre-market contracts briefly broke through $0.0072, with a 24-hour increase of nearly 24%;10. The EU responded to US tariffs: aiming to reach an agreement before August 1 and will take all necessary measures to safeguard EU interests.