Global crypto user base surpassed half a billion in 2023
According to Crypto.com, the global number of cryptocurrency users increased by 34% in 2023, growing from 432 million to 580 million people.
Ethereum ownership had risen from 89 million users to 124 million, while Bitcoin ownership had increased from 222 million to 296 million people by the year’s close.
US Virginia introduces bill to protect digital assets mining rights
The bill exempts individuals and businesses engaged in digital mining activities from obtaining money transmitter licenses.
In addition, the legislation exempts issuers and sellers of digital assets from securities registration requirements if certain conditions are met.
SUI partnered with Alibaba Cloud, SUI surged over 11%
As a result of the above news, SUI has surged by 11.02% in the last 24 hours and reached a peak of 36,389 VNDC.
At the broader time frame, the price of this asset has gained 171.55% in 3 months and 1,160.35% since launching.
Injective launches gas compression feature, reducing transaction costs
Injective has announced the launch of a gas compression feature, reducing the cost of each transaction on the platform to 0.00001 INJ, equivalent to $0.0003.
The change in gas prices has been applied to all tools and products, ensuring a seamless transition for users.
Bitcoin whales show signs of accumulating again
According to data from Glassnode, wallet class with a balance of 100 BTC – 1,000 BTC, wallet class of 1,000 BTC – 10,000 BTC, and wallet class above 10,000 BTC have had a re-accumulation move.
Particularly, wallets with small balances of less than 100 BTC still not accumulating and may continue to sell.
Bitcoin ETFs expected to launch in Hong Kong by mid-2024
Venture Smart Financial Holdings is planning a spot bitcoin ETF launch within the first quarter of 2024.
Meanwhile, Samsung Asset Management and CSOP Asset Management, are closely assessing market demand and regulatory conditions before venturing into spot crypto ETFs.
Bitcoin Spot ETF trading volume surpasses $20 billion, GBTC dominates over 50%
On January 22, the trading volume of Bitcoin spot ETFs once again exceeded $20 billion, with GBTC still accounting for more than 50%.
In addition, the total trading volume for the previous seven trading days was slightly below $190 billion.
Solana Mobile confirms 30,000 pre-orders
The most exciting features for the crypto community is the dedicated “dApp store.”
This store will meet the growing demand for decentralized applications, placing Solana Mobile at the forefront of bridging mainstream mobile technology with the decentralized finance and app world.
Solana stablecoin transfer volume hits record monthly high of $300 billion
Since the beginning of January, stablecoin transfer volume on Solana has reached 303 billion USD, 2,520% higher than the figure of 11.56 billion USD in January 2023.
Solana’s stablecoin market share is currently almost 32%, which is a massive increase from the 1.2% share it had a year ago.
Bitcoin price falls to 6-week low under $40,000
Bitcoin price fell below $40,000 as GBTC-linked selling of BTC at Coinbase continues to negatively impact investor sentiment throughout the crypto market.
Bitcoin fell rapidly from a price of $41,553 on Jan. 22, sinking more than 4.3% in the last 24 hours to hit a six-week low of $39,450