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CoinRank Crypto Digest: January 04, 2025

CoinRank Crypto Digest: January 04, 2025

KEYTAKEAWAYS

  • Bitcoin's network strength reaches unprecedented levels with hash rate hitting 1000 EH/s, demonstrating doubled computing power from previous year's security infrastructure.
  • U.S. Bitcoin spot ETFs show strong institutional appetite with $908.1M net inflow, while USDC expands circulation by 900M within seven days.
  • SUI cryptocurrency achieves new all-time high of $5.15 USDT, marking an 18.67% daily increase amid broader market momentum.

CONTENT

Welcome to the CoinRank Crypto Digest. In the new year, CoinRank will continue to provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.

MORNING NEWS

 

1. Aptos Ecosystem DEX Hyperfluid Completes Pre-Seed Round of Financing, BlockBooster and Others Participate in the Investment

Hyperfluid, a hybrid DEX and automated market maker on the Aptos ecosystem chain, announced the completion of its Pre-Seed round of financing, with participation from BlockBooster and Web3 incubator Ankaa. The specific amount has not been disclosed. The new funds are intended to be used to support its construction of order book transactions to realize asset swaps and transactions on the Aptos chain.

 

2. Bitcoin hash rate hits 1000 EH/s, a record high

CoinWarz data shows that the Bitcoin hash rate (the total computing power that protects the Bitcoin network) reached an all-time high of 1,000 EH/s on January 3, which is almost double the network hash rate 12 months ago. As of now, the Bitcoin hash rate is 809.3 EH/s.

 

3. A whale/institutional address has withdrawn 132,300 SOL from Binance in the past two days

According to on-chain data analyst Yu Jin, a whale/institution has accumulated 132,300 SOL (about 28.32 million USD) through Binance in the past two days, with an average price of 214 USD. In addition, he also withdrew 10 million PNUT (about 6.12 million USD) from Binance 5 days ago, and now has a floating profit of 1.33 million USD (+22%).

 

4. Musk: Grok 3 is coming soon, pre-training is now complete

Musk posted on the X platform that Grok 3 is about to be launched, pre-training is now complete, and the computing power is 10 times more than Grok 2.

 

5. A newly created wallet withdrew 84 million PENGU from Binance, worth $3.05 million

Onchain Lens monitoring shows that a newly created wallet withdrew 84 million PENGUs worth 3.05 million US dollars from Binance one and a half hours ago.

 

 

NOON NEWS

 

1. This week, the U.S. Bitcoin net inflow was $257 million, and the transaction volume reached $11 billion
Trader T monitoring shows that the US Bitcoin had a net inflow of US$257 million this week, with a trading volume of US$11 billion, of which BlackRock IBIT had a net outflow of US$139 million; Fidelity FBTC had a net inflow of US$275 million; ARKs ARKB had a net inflow of US$202 million; and Bitwises BITB had a net inflow of US$87 million.
 
2. A whale is suspected of clearing out 18.3 million PHAs that it had built up over the past nine months, making a profit of $2.015 million
On-chain analyst @ai_9684xtpa monitored that a whale address was suspected to have liquidated 18.3 million PHA positions built in the past nine months, making a profit of $2.015 million. It is reported that the address withdrew PHA from Binance at an average price of $0.1818 from March to July 2024, and bought on dips; finally, half an hour ago, the last 14.1 million tokens (77% of the position) were fully recharged into the trading platform at a recharge price of $0.3428, with an overall return rate of 60.56%.
 
3. Data: USDC circulation increased by about 900 million in the past 7 days
Official data shows that in the seven days ending January 2, Circle issued about 3 billion USDC, redeemed about 2.1 billion USDC, and the circulation increased by about 900 million. The total circulation of USDC is 44.3 billion, and the reserve is about 44.4 billion US dollars, including about 6.5 billion US dollars in cash and about 37.9 billion US dollars in the Circle Reserve Fund.
 
4. Yesterday, the U.S. Bitcoin spot ETF had a net inflow of US$908.1 million, and the Ethereum spot ETF had a net inflow of US$58.9 million
Monitoring by Farside Investors showed that yesterday, the US Bitcoin spot ETF had a net inflow of US$908.1 million, and the Ethereum spot ETF had a net inflow of US$58.9 million.
 
5. An address suspected to be an insider made a profit of approximately $3.47 million by trading FOCAI within 3 hours
Onchain Lens monitoring shows that an address suspected to be an insider turned $1,168 into $3.47 million by trading FOCAI in 3 hours. The address purchased 123.32 million FOCAI at 539 SOL ($1,168) on PumpFun. It then sold all FOCAI at 16,070 SOL, worth $3.47 million, a profit of 2,973 times.

 

 

EVENING NEWS

 

1. SUI rose above 5.1 USDT, setting a new record high

OKX market data shows that SUI rose above 5.1 USDT and is now trading at 5.15 USDT, with a 24-hour increase of 18.67%, setting a new historical high.

 

2. Bank of America analyst: Nvidia may announce its entry into AI PC at CES 2025

The 2025 International Consumer Electronics Show (hereinafter referred to as CES 2025) will kick off in Las Vegas, the United States from January 7 to 10 local time. At 6:30 pm local time on January 6, Huang Renxun will deliver a keynote speech on site. Bank of America analyst Vivek Arya predicts that Nvidia will officially announce its entry into the AI PC market at the exhibition. On the morning of the same day, Intel and AMD will also hold new product launch conferences one after another. In terms of time, Intel is earlier than AMD and Nvidia. Foreign media believe that Intel intends to seize the initiative and reserve sufficient time for partners to showcase new products.

 

3. Terrawolf, a mining company, mined 158 bitcoins in December last year

Bitcoin mining company Terrawolf mined 158 bitcoins in December last year, with an average daily output of about 5.1 bitcoins; a total of 2,728 bitcoins have been mined since the beginning of the year; a total of 423 bitcoins have been mined in the fourth quarter of 2024. In December, the installed capacity of self-mining reached 9.7 EH/s, a year-on-year increase of 94.0%.

 

4. USDC Treasury mints 50 million new USDC on Ethereum

According to Whale Alert monitoring, 3 minutes ago, USDC Treasury minted 50,000,000 new USDC on the Ethereum chain.

 

 

5. RAI rises to 10 USDT, with a 24-hour increase of 102%

LBank market data shows that RAI has risen to 10 USDT and is currently quoted at 9.57 USDT, with a 24-hour increase of 102%. Since its launch on LBank, the highest increase has exceeded 1,173%. The current market value is approximately US$95.79 million.

 

 

DISCLAIMER

CoinRank is not a certified investment, legal, or tax advisor, nor is it a broker or dealer. All content, including opinions and analyses, is based on independent research and experiences of our team, intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.

 

We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.

WRITER’S INTRO

CoinRank Exclusive brings together primary sources from various fields to provide readers with the most timely and in-depth analysis and coverage. Whether it’s blockchain, cryptocurrency, finance, or technology industries, readers can access the most exclusive and comprehensive knowledge.

# Aptos # BTC ETF # CoinRank Crypto Digest # crypto-news # ETH # PENGU
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