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03:14
Venezuela holds 240 bitcoins, analysts estimate its "shadow reserves" may exceed 600,000 bitcoins
PANews reported on January 5 that, according to Bitcoin Treasuries data, Venezuela has held Bitcoin since December 31, 2022, with a current balance of 240 BTC, valued at approximately $22.33 million. Previously, in May 2024, the Venezuelan government banned Bitcoin mining citing energy load and power supply stability. In September 2024, opposition leader María Corina Machado proposed including Bitcoin in the country's reserve assets. Meanwhile, the government-led national digital currency "Petro" ceased circulation in January 2024. However, some analysts estimate that since 2018, Venezuela has "washed" assets into Bitcoin through gold swaps and settling oil trades in USDT, with an estimated holding of about 600,000 BTC, totaling approximately $56 billion to $67 billion. Some sources indicate that around $2 billion worth of gold was used in 2018 to purchase about 400,000 BTC at an average price of $5,000, which would be worth about $3.6 billion at current prices. This scale is close to the holdings of MicroStrategy and BlackRock. If the US Department of Justice seizes and freezes these assets for a long period, it could result in supply lock-up and short-term volatility, with a low likelihood of rapid liquidation.
03:14
The president of The ETF Store: Currently, more than 130 crypto-related ETFs have been submitted to the U.S. SEC.
Nate Geraci, President of The ETF Store, posted on the X platform saying, "More than 130 crypto-related ETFs have been submitted to the U.S. Securities and Exchange Commission (SEC) so far. There are many storylines worth paying attention to this year. The further mainstreaming of spot BTC and ETH ETFs, growing interest in SOL and XRP ETFs, but I believe the biggest highlight is: this year will be a big year for crypto index ETFs."
03:14
Trend Research has turned from a maximum unrealized loss of $141 million to an unrealized profit of $8.77 million.
 according to on-chain analyst Yu Jin's monitoring, as the price of Ethereum reaches $3,200, two prominent whales/institutions that previously took large long positions on ETH have turned from unrealized losses to unrealized gains. Among them, a whale who opened a long position of 203,000 ETH (approximately $647 million) through Hyperliquid, with an average cost price of $3,147, has shifted from a maximum unrealized loss of $74 million to an unrealized gain of $14 million. On the other hand, Trend Research leveraged borrowing through Aave to purchase 626,000 ETH (approximately $2 billion), with an average cost price of about $3,186, turning from a maximum unrealized loss of $141 million to an unrealized gain of $8.77 million.
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