KEYTAKEAWAYS
- Institutional crypto adoption accelerates as BlackRock, MicroStrategy, and Fidelity amass $100 billion in Bitcoin, signaling growing mainstream acceptance of digital assets.
- World project reaches significant milestone with 10 million human verifications across 160 countries, showcasing increasing global interest in digital identity solutions.
- El Salvador's Bitcoin adoption strategy proves successful, driving 22% increase in tourism while crypto market faces potential major liquidation events.
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. World Project Achieves 10 Million Human Verifications Milestone
Sam Altman’s World project (formerly Worldcoin) has announced reaching 10 million human verifications. The project is now operational in over 160 countries and regions, with the World App surpassing 20 million downloads.
2. Bitcoin Price Movement Could Trigger Major Liquidations
According to Coinglass data, if Bitcoin falls below $90,000, cumulative long position liquidations on major exchanges could reach $629 million. Conversely, if BTC breaks above $96,000, short position liquidations could amount to $471 million. The liquidation chart indicates the potential market reaction intensity at specific price points.
3. CryptoQuant CEO: Quantum Computers Cannot Break Bitcoin’s Value
Ki Young Ju, CEO of CryptoQuant, stated on X platform that quantum computers pose no significant threat to Bitcoin. He explained that Bitcoin’s value relies on community consensus, and even if hacked, attackers would likely conceal it to avoid crashing Bitcoin’s value.
4. Grayscale Research Head Maintains “Structurally Bullish” BTC Outlook
Grayscale’s Head of Research Zach Pandl maintains a “structurally bullish” outlook on Bitcoin despite temporary headwinds from dollar strength and Fed policy. He suggests current market pressure may be temporary, particularly with the approaching U.S. presidential inauguration.
5. Tether Expands into AI Film Production
USDT stablecoin issuer Tether is recruiting AI filmmakers as part of its broader brand awareness strategy. CEO Paolo Ardoino says this initiative reflects the company’s commitment to innovation and operational efficiency.
NOON NEWS
1. USDC Circulation Increases by 1 Billion in Seven Days
Official data shows Circle issued approximately 3.7 billion USDC and redeemed 2.7 billion USDC in the week ending January 9, resulting in a net increase of 1 billion. Total USDC circulation stands at 45.3 billion, with reserves at approximately $45.5 billion.
2. Meta Receives Bitcoin Investment Proposal
Following Microsoft and Amazon, Meta has received a Bitcoin investment proposal. The National Center for Public Policy Research suggests Meta convert part of its $72 billion cash reserves into Bitcoin as an inflation hedge.
3. Pump.fun Trading Analysis: Only 0.408% Users Profit Above $10,000
Dune data reveals that only about 55,296 addresses (0.408%) out of over 13.5 million Pump.fun wallet addresses have achieved profits exceeding $10,000.
4. CoinShares: Bitcoin Bill Impact to Exceed ETF Launch
CoinShares believes establishing a U.S. Bitcoin reserve bank would accelerate Bitcoin adoption more than ETF launches. The proposed bill would direct the U.S. Treasury to purchase 1 million BTC over five years for a “strategic Bitcoin reserve.”
5. Industry Expert: U.S. Government Bitcoin Sale Requires Strict Procedures
Aidan Larkin from Asset Reality explains that the sale of $6.5 billion worth of government-held Bitcoin must follow strict legal procedures and is unlikely to be incorporated into a Bitcoin strategic reserve.
EVENING NEWS
1. Three Major Institutions Accumulate $100 Billion in Bitcoin
Arkham Intelligence data shows BlackRock, MicroStrategy, and Fidelity have collectively purchased approximately $100 billion worth of Bitcoin, with BlackRock holding $50 billion, MicroStrategy $24 billion, and Fidelity $20 billion.
2. El Salvador Tourism Grows Due to Bitcoin Adoption
Santander Bank reports El Salvador’s foreign tourist arrivals increased 22% in 2024 to 3.9 million visitors, largely attributed to the country’s adoption of Bitcoin as legal tender attracting crypto enthusiasts.
3. Usual Protocol to Activate Revenue Switch Early
Following USD0++ de-pegging, Usual Protocol announces early activation of its revenue switch feature on January 13, projecting monthly revenues of $5 million with over 50% annual returns to stabilize its ecosystem.
4. Base Chain Gas Consumption Exceeds 25,000 ETH
Dune Analytics reports Base chain’s total gas consumption has reached 26,779.4438 ETH, with average gas fees at $0.0566, and total transactions exceeding 1.5 billion.
5. DWF Labs Participates in Power Tokenization
DWF Labs co-founder announces participation in a 150 MhW power tokenization transaction, stating the company aims to create a global framework and market for tokenized energy.
