Preface
Bitcoin and Ethereum have increased by 1.44% and 1.82% respectively in the last 24 hours, with current prices of $101,498 and $3,234, and the ETH/BTC exchange rate is 0.031. The Crypto Fear & Greed Index is at 63, indicating a state of greed.
Yesterday, Bitcoin experienced significant price fluctuations. Driven by the anticipation of President Trump’s support for cryptocurrency policies, Bitcoin surged to a new historical high of over $109,000 earlier on Monday. However, after reaching this peak, Bitcoin succumbed to strong selling pressure, leading to a significant decline near this resistance level. At the same time, Trump did not mention cryptocurrency in his inauguration speech, causing significant price fluctuations in major tokens like Bitcoin, Solana (SOL), and Cardano (ADA). Bitcoin fell below $100,000, but recovered as liquidity revived, with Bitcoin returning above $100,000. The MACD indicator showed a slight buying signal, in line with the overall optimistic sentiment.
Before his inauguration, Trump had made a high-profile launch of the Solana-based official memecoin — TRUMP. This sparked massive trading activity, with the token reaching a high of $75.35 on Sunday, peaking at a market capitalization of $15 billion. Its fully liquid value briefly exceeded $75 billion, surpassing DOGE. However, after the return of First Lady Melania Trump, who launched her own memecoin — MELANIA, TRUMP saw a 50% correction.
The excitement from TRUMP and MELANIA caused significant losses in the AI memecoin market, with tokens like ZEREBRO, SWARMS, and GOAT experiencing a halving trend. As the fervor from Trump began to cool, AI16Z, ARC, and VIRTUAL tokens rebounded with significant growth but still remained well below their previous peaks. Similarly, the Meme market, drained by political coins, continues to underperform, with major meme tokens like DOGE, PEPE, and WIF failing to bounce back with the broader market.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!
Today’s spotlight is XCN, which has increased by 28.74% in the last 24 hours. Onyx Protocol is a decentralized finance platform based on the Ethereum blockchain, supporting lending and liquidity provision for various assets. Its native token, XCN, plays a key role in governance and the ecosystem. Users can use NFTs as collateral to access flexible credit lines and enjoy transparent, trust-based financial services. Onyx Protocol operates through decentralized smart contracts to ensure security and efficiency. Additionally, Onyx has introduced a Gas refund program to reimburse users for Ethereum gas fees incurred during protocol interactions. XCN is the native utility and governance token of Onyx Protocol. XCN holders are automatically part of the Onyx Protocol Decentralized Autonomous Organization (DAO), and the token plays a significant role in the protocol’s governance and long-term development.
The significant price increase of XCN is driven by bullish market sentiment and increased trading volume, with a 24-hour rise of 28.74%, currently priced at $0.0125953.
Check Out the Latest Prices, Charts, and Data of XCN/USDT Spot and XCNUSDT Perp!
VanEck submits on-chain economic ETF application to the SEC. With Donald Trump taking office as the President of the United States, Gary Gensler, the Chairman of the SEC, officially resigned on Monday. During his campaign, Trump had lobbied for the cryptocurrency community, stating that he would fire Gensler on the “first day” of his new term. Gensler’s removal is seen as a victory for crypto lobby groups, as the SEC under his leadership had filed high-profile lawsuits against several major industry players. According to the SEC, 18% of its complaints were related to cryptocurrency.
Gensler’s departure paves the way for Paul Atkins, Trump’s appointed SEC official, to take over the agency. Atkins’ appointment needs Senate approval. He currently leads a consulting firm and previously worked for the SEC during George W. Bush’s administration. He led the Digital Chamber’s Token Alliance, which advocates for the “best practices” of the crypto industry and opposes hefty fines for companies violating securities laws. The Digital Chamber’s goal is to “promote the adoption and use of digital assets and blockchain technology.”
The Layer2 cross-chain protocol Orbiter Finance announced it will launch the OBT token, with its Token Generation Event (TGE) scheduled for January 20, 2025. OBT is the ERC-20 governance and utility token of the protocol, launching on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens and a circulating supply of 2.8 billion tokens (28%) at TGE.
Regarding token distribution, 40% of the tokens are allocated to the community, with 22% to be distributed as initial airdrops to Orbiter users. Each month, 3% of eligible users will receive airdrops for a period of 6 months. 20% of the tokens are allocated for ecosystem and growth distribution, with 2.5% unlocking at TGE. 15% is allocated to the Orbiter Foundation, with 3.5% unlocking at TGE, and the remaining portion will vest over 23 months. 15% is allocated to the team and contributors, and 10% to investors. Additionally, on-chain governance will be available in February 2025.
Preface
Bitcoin and Ethereum have increased by 1.44% and 1.82% respectively in the last 24 hours, with current prices of $101,498 and $3,234, and the ETH/BTC exchange rate is 0.031. The Crypto Fear & Greed Index is at 63, indicating a state of greed.
Yesterday, Bitcoin experienced significant price fluctuations. Driven by the anticipation of President Trump’s support for cryptocurrency policies, Bitcoin surged to a new historical high of over $109,000 earlier on Monday. However, after reaching this peak, Bitcoin succumbed to strong selling pressure, leading to a significant decline near this resistance level. At the same time, Trump did not mention cryptocurrency in his inauguration speech, causing significant price fluctuations in major tokens like Bitcoin, Solana (SOL), and Cardano (ADA). Bitcoin fell below $100,000, but recovered as liquidity revived, with Bitcoin returning above $100,000. The MACD indicator showed a slight buying signal, in line with the overall optimistic sentiment.
Before his inauguration, Trump had made a high-profile launch of the Solana-based official memecoin — TRUMP. This sparked massive trading activity, with the token reaching a high of $75.35 on Sunday, peaking at a market capitalization of $15 billion. Its fully liquid value briefly exceeded $75 billion, surpassing DOGE. However, after the return of First Lady Melania Trump, who launched her own memecoin — MELANIA, TRUMP saw a 50% correction.
The excitement from TRUMP and MELANIA caused significant losses in the AI memecoin market, with tokens like ZEREBRO, SWARMS, and GOAT experiencing a halving trend. As the fervor from Trump began to cool, AI16Z, ARC, and VIRTUAL tokens rebounded with significant growth but still remained well below their previous peaks. Similarly, the Meme market, drained by political coins, continues to underperform, with major meme tokens like DOGE, PEPE, and WIF failing to bounce back with the broader market.
Check Out the Latest Prices, Charts, and Data of BTC/USDT Spot and BTCUSDT Perp!
Today’s spotlight is XCN, which has increased by 28.74% in the last 24 hours. Onyx Protocol is a decentralized finance platform based on the Ethereum blockchain, supporting lending and liquidity provision for various assets. Its native token, XCN, plays a key role in governance and the ecosystem. Users can use NFTs as collateral to access flexible credit lines and enjoy transparent, trust-based financial services. Onyx Protocol operates through decentralized smart contracts to ensure security and efficiency. Additionally, Onyx has introduced a Gas refund program to reimburse users for Ethereum gas fees incurred during protocol interactions. XCN is the native utility and governance token of Onyx Protocol. XCN holders are automatically part of the Onyx Protocol Decentralized Autonomous Organization (DAO), and the token plays a significant role in the protocol’s governance and long-term development.
The significant price increase of XCN is driven by bullish market sentiment and increased trading volume, with a 24-hour rise of 28.74%, currently priced at $0.0125953.
Check Out the Latest Prices, Charts, and Data of XCN/USDT Spot and XCNUSDT Perp!
VanEck submits on-chain economic ETF application to the SEC. With Donald Trump taking office as the President of the United States, Gary Gensler, the Chairman of the SEC, officially resigned on Monday. During his campaign, Trump had lobbied for the cryptocurrency community, stating that he would fire Gensler on the “first day” of his new term. Gensler’s removal is seen as a victory for crypto lobby groups, as the SEC under his leadership had filed high-profile lawsuits against several major industry players. According to the SEC, 18% of its complaints were related to cryptocurrency.
Gensler’s departure paves the way for Paul Atkins, Trump’s appointed SEC official, to take over the agency. Atkins’ appointment needs Senate approval. He currently leads a consulting firm and previously worked for the SEC during George W. Bush’s administration. He led the Digital Chamber’s Token Alliance, which advocates for the “best practices” of the crypto industry and opposes hefty fines for companies violating securities laws. The Digital Chamber’s goal is to “promote the adoption and use of digital assets and blockchain technology.”
The Layer2 cross-chain protocol Orbiter Finance announced it will launch the OBT token, with its Token Generation Event (TGE) scheduled for January 20, 2025. OBT is the ERC-20 governance and utility token of the protocol, launching on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens and a circulating supply of 2.8 billion tokens (28%) at TGE.
Regarding token distribution, 40% of the tokens are allocated to the community, with 22% to be distributed as initial airdrops to Orbiter users. Each month, 3% of eligible users will receive airdrops for a period of 6 months. 20% of the tokens are allocated for ecosystem and growth distribution, with 2.5% unlocking at TGE. 15% is allocated to the Orbiter Foundation, with 3.5% unlocking at TGE, and the remaining portion will vest over 23 months. 15% is allocated to the team and contributors, and 10% to investors. Additionally, on-chain governance will be available in February 2025.