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PANews January 17 news, Trust Wallet issued a security reminder on platform X stating that it will never ask users for their mnemonic phrases or private keys. If such a situation occurs, it is not Trust Wallet. If there are any questions, please immediately suspend transactions and contact Trust Wallet through official channels.
According to previous news, Trust Wallet faced a security incident due to a vulnerability in the browser extension version 2.68, with a total of stolen assets amounting to approximately $8.5 million.
PANews January 17 news, according to Cointelegraph, Cryptoquant analyst DarkFrost stated that the selling pressure from OG holders has significantly decreased, with the 90-day average of spent UTXO dropping from a cycle high of about 2300 BTC to the level of 1000 BTC. The current trend leans more towards holding, which aligns with the largest net outflow of Bitcoin exchanges since December 2024. Analysis shows that Bitcoin has entered a breakout phase, potentially targeting a price of $107,000, driven by factors including technical indicators, weakened selling pressure from long-term holders, and BTC continuously flowing out of exchanges. On the macro signal front, the correlation between Bitcoin and gold has turned negative; historical data shows that in such cases, BTC typically averages a 56% increase within about two months.
PANews January 17 news, according to Jin Shi reports, Musk stated that the Colossus 2 supercomputer is now operational, which is the world's first gigawatt-level training cluster, and will be upgraded to 1.5 gigawatts in April.
PANews January 17 news, on this day 17 years ago, January 17, 2009, Satoshi Nakamoto released the first version of the Bitcoin client v0.1, namely: Bitcoin v0.1 Alpha version, which allows anyone to launch their own node from any computer.
It is reported that the source code of Bitcoin 0.1.0 also includes an Internet Relay Chat (IRC) client, aimed at creating a simpler message-guided transmission method. Additionally, it includes a framework for creating virtual poker games, which was added to the Bitcoin version on April 16, 2008, and was completely removed after the Bitcoin 0.8.2 version.
Jupiter: Exploring more stablecoin use cases, JupUSD focuses on security, inclusiveness, and transparency
PANews January 17 news, Solana ecosystem DEX Jupiter announced on platform X that the original intention of launching the stablecoin JupUSD is to focus on security, inclusiveness, and transparency. Currently, JupUSD is still in the early stages and will continue to develop within the project and ecosystem:
1. JupUSD will actively return the native treasury revenue to the ecosystem;
2. JupUSD reserves are supported by 90% BlackRock BUIDL fund and 10% USDC;
3. Providing JupUSD on Jupiter Lend will yield native treasury revenue;
4. Interest-bearing asset jlJupUSD can be used as a core composable trading token and DeFi foundational module, just like JLP;
PANews January 17 news, according to Jin Ten reports, Musk stated that the design of the AI5 chip is nearing completion, AI6 is still in the early stages, and AI7, AI8, AI9 will appear in the future; the goal is a 9-month design cycle.
PANews January 17 news, Fortune magazine pointed out that the Genius Act, which took effect in July last year, has begun to impact the $900 billion remittance market. The competition between cryptocurrency companies and traditional remittance companies such as Western Union and MoneyGram is expected to become more intense. Nate Svensson, a senior equity research analyst at Deutsche Bank, believes that traditional remittance companies still have certain advantages, especially as they have established a comprehensive regulatory framework globally. Jessica Wachter, a finance professor at Wharton School, stated that the advantage of native cryptocurrency companies lies in their ability to flexibly apply the benefits of stablecoin technology, while traditional remittance companies may end up "competing with themselves" after combining stablecoins with existing fiat remittance systems.
PANews January 17 news, OpenAI founder Sam Altman responded to privacy concerns regarding the advertising plan in a post on platform X. He stated that ChatGPT has begun testing advertising features, but the placement of ads will follow clear principles, namely: never accepting any paid behavior that influences the answers provided by ChatGPT, and user conversation content will remain invisible to advertisers. Sam Altman added that the reason for launching the advertising plan is that many users wish to use AI frequently but are unwilling to pay, and the team hopes to explore viable business paths through the advertising model.
Quantum Cryptography Specialist BTQ Technologies Included in VanEck Quantum Computing ETF
On January 17, PANews reported that BTQ Technologies Corp., a global quantum technology company, announced that it has been included in the VanEck Quantum Computing UCITS ETF. This ETF, listed in Europe, provides diversified exposure to companies that promote quantum computing research, development, and applications, aiming to track the MarketVector Global Quantum Leaders Total Return Net Index (MVQTMLTR). Its portfolio includes 30 companies selected for their quantum computing operational exposure or verified ownership of quantum patents, with total net assets of approximately $524.5 million. BTQ previously launched the "Bitcoin Quantum" test network, where miners, developers, researchers, and users can conduct stress tests against quantum trading.
PANews January 17 news, trader 'dove' Eugene posted on his personal channel that he has basically exited his long position in altcoins, as the market performance of the relevant investment targets did not meet expectations. Therefore, he chose to take profits at this stage. However, the core long position in Bitcoin is still held, and he has significantly increased his cash position to wait for the next round of trading layout.
VanEck responds to New York Times false report: did not take a bearish stance on Strategy, has increased its stock holdings in recent weeks
PANews January 17 news, digital asset management company VanEck's head of digital asset research, Matthew Sigel, clarified in a post on platform X (New York Times) regarding a misrepresented report. He stated that the (New York Times) published an article attacking the Bitcoin treasury company Strategy, which claimed that VanEck's CEO Jan van Eck said he has 'always kept distance from Strategy'. However, what Jan van Eck actually expressed was that VanEck would not temporarily adopt the DAT strategy, rather than a view on the company Strategy or its stock price, let alone a bearish outlook on Strategy. Currently, VanEck represents clients holding 284,000 shares of Strategy, ranking among the top 75 in holdings of Strategy's stock, and has also increased its stock holdings in recent weeks.
Father of Smart Contracts: Supports X's Revocation of InfoFi Application API Access, Platforms Like Kaito Generate a Large Amount of Low-Quality Content
PANews January 17 news, the father of smart contracts and co-founder of Castle Island Ventures, Nic Carter, stated on the X platform that the incentive posts of platforms like Kaito combined with AI have generated a large amount of low-quality content. The early enjoyment of the crypto tweet circle was grassroots gaming, but the current industry's growth focus has shifted to stablecoins and financial infrastructure, leaning more towards institutional and VC narratives, making it difficult for ordinary retail investors to feel the opportunity for 'fair participation and getting rich through counterattacks,' leading to a decline in participation enthusiasm. In addition, the X platform's 'de-niche' design strengthens 'recommendations for you,' making it difficult for creators to reach their niche communities, resulting in fewer opportunities for crypto professional content to be recommended. Nic Carter further stated that the X platform has quickly responded by revoking the API access of the 'InfoFi' application to reduce platform spam content and strongly supports this practice.
Father of Smart Contracts: Supports X's Revocation of InfoFi Application API Access, Platforms like Kaito Generate a Large Amount of Low-Quality Content
PANews January 17 news, the father of smart contracts and co-founder of Castle Island Ventures, Nic Carter, posted on the X platform stating that the incentive posts from platforms like Kaito combined with AI have generated a large amount of low-quality content. The early fun of the crypto tweeting circle was in grassroots gaming, but the current industry growth focus has shifted towards stablecoins and financial infrastructure, leaning more towards institutional and VC narratives, making it difficult for ordinary retail investors to feel the opportunity for 'fair participation and wealth reversal', leading to a decline in participation enthusiasm. In addition, the X platform's 'de-niche' design reinforces 'recommended for you', making it difficult for creators to reach their niche communities, resulting in fewer opportunities for professional crypto content to be recommended. Nic Carter added that the X platform has quickly responded by revoking the API access of the 'InfoFi' application to reduce platform junk content, and he strongly supports this approach.
PANews January 17 news, according to Globenewswire, Nasdaq-listed Solana treasury company Sharps Technology (STSS) announced that it has reached a 90-day stock lock-up agreement with SOL Markets. Under the agreement, SOL Markets agrees to restrict the sale of its consultant warrants and related stocks for 90 days, effective from January 16, 2026. Previously, the board of Sharps Technology had approved a stock repurchase plan of up to $100 million and is currently developing a universal digital identity and certification framework through strategic cooperation with Coinbase, Crypto.com, and Jupiter.
Galaxy Research Head: Stablecoin Yields are Key Sticking Point in U.S. Cryptocurrency Structure Bill Negotiations, Next Hearing May Start in Last Week of January
PANews January 17 news, Alex Thorn, head of Galaxy Research, posted on X platform stating that Tim Scott, chairman of the U.S. Senate Banking Committee, has announced the postponement of the hearing on the cryptocurrency market structure bill. It is reported that the issue of stablecoin yields is a key sticking point in the negotiations. Banking lobby groups are actively pushing to limit stablecoin rewards, fearing that interest-bearing stablecoins could siphon off bank deposits and undermine the stability of the banking system. A compromise proposal put forward to gain the support of lawmakers was ultimately deemed unacceptable by the stablecoin industry. Some believe this issue concerns their survival, while other unresolved issues include restrictions on DeFi and illegal activities, as well as limitations on innovations in tokenized securities.
PANews January 17 news, FTX creditor representative Sunil posted on the X platform revealing updated information on the FTX compensation distribution schedule. He stated that users need to complete the relevant processes before the deadline to receive compensation, with specific requirements including: completing KYC verification, submitting the W-8 BEN form, and selecting a distribution agent. According to previously announced information, the next batch of FTX compensation distribution date is March 31, 2026, and registration needs to be completed by February 14.
PANews January 17 news, Caixin published an article by Zhang Ming, deputy director of the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, titled 'What Measures Can China Take to Address the Challenges of Cryptocurrencies'. It points out that as the world's second-largest economy and a rising digital financial powerhouse, China needs to play a more active role in global digital currency governance. This can start from within by improving its own response system, including accelerating the development and application of the digital yuan, promoting the intelligent and precise regulation of cryptocurrencies, and quickly advancing the formulation and implementation of unified international regulatory standards (such as anti-money laundering rules for cryptocurrencies), as well as re-examining the balance between innovation and regulation in the cryptocurrency field, promoting the integration of stablecoins with the traditional financial system within a controllable range, and enhancing international R&D and cooperation in the CBDC field and international regulatory cooperation in the cryptocurrency sector.
PA Daily | U.S. Senate Democrats restart negotiations on cryptocurrency market structure bill; A user lost over $282 million in LTC and BTC due to hardware wallet social engineering fraud
1. The tax department reminds taxpayers to conduct self-assessments on overseas income for the past three years
2. U.S. Senate Democrats restart negotiations on cryptocurrency market structure bill
3. X Creators launches a $1 million prize program to reward the best original articles
4. Anchorage Digital is seeking to raise $200 million to $400 million in preparation for a potential IPO next year
5. ZachXBT: A user lost over $282 million in LTC and BTC on January 11 due to hardware wallet social engineering fraud
6. Bitcoin spot ETF saw a net outflow of $395 million yesterday, with only BlackRock's IBIT achieving a net inflow
Regulatory news
The tax department reminds taxpayers to conduct self-assessments on overseas income for the past three years