🇺🇸 Trump discusses capping credit card interest rates at 10% with Senator Elizabeth Warren
🔹 President Trump called Senator Elizabeth Warren to discuss the possibility of capping credit card interest rates at 10%
🔹 Warren said she strongly supports the proposal and is ready to work across party lines with Trump to ease the burden on American consumers
🔹 She stated that current credit card interest rates are exploitative, place significant pressure on households, and affirmed that if Trump truly wants to act, she will join efforts to push it forward
🔹 House Speaker Mike Johnson warned that the proposal needs careful evaluation to avoid unintended negative impacts on the credit market
🔹 Danish and Greenlandic officials travel to the U.S. to discuss Greenland, as President Trump continues to assert that the U.S. needs to take over the island
🔹 Denmark acknowledges fundamental disagreements over sovereignty, emphasizing that any proposal disrespecting territorial integrity and the people of Greenland's right to self-determination cannot be accepted
🔹 Danish Foreign Minister Lars Løkke Rasmussen said both sides "agree that differences remain," but will continue dialogue
🔹 Greenland's Foreign Minister Vivian Motzfeldt emphasized the desire to strengthen cooperation with the U.S., but this does not mean Greenland belongs to the U.S.
🔹 The meeting took place with Vice President JD Vance and Secretary of State Marco Rubio, while President Trump stated on social media that any option other than Greenland becoming part of the U.S. is unacceptable
🇺🇸 The CLARITY Bill moves closer to a vote, with U.S. Congress optimistic about the crypto legal framework
🔹 Representative French Hill, Senator Cynthia Lummis, and Senate Banking Committee Chair Tim Scott expressed optimism about the progress of the CLARITY Bill, relating to the structure of the Bitcoin and crypto markets
🔹 The bill is expected to be discussed in detail and considered for a vote by the committee tomorrow (Thursday, U.S. time)
🔹 If passed by the committee, the next step will be a vote by the full Senate
🔹 Representative French Hill said the legislative process has advanced close to the stage where President Trump could sign it into law
📈 Corporate Bitcoin purchases have increased threefold compared to new supply, with upward price pressure growing stronger
🔹 Over the past 6 months, corporations have bought an additional 260,000 BTC, while miners have produced only about 82,000 BTC → demand is more than three times the new supply
🔹 Total Bitcoin held by corporations is currently around 1.1 million BTC (equivalent to ~$25 billion)
🔹 Specifically, Michael Saylor's Strategy holds approximately 60% of the total BTC held by corporations
🔹 Meanwhile, spot Bitcoin ETFs continue to draw supply, with purchases exceeding the amount of BTC mined since launch
🔹 If ETF inflows and corporate demand continue, the market will face increasing BTC scarcity, creating long-term upward price pressure
🔹 This trend shows Bitcoin is increasingly viewed as a strategic reserve asset, not only by individual investors but also by corporations and large institutions
🌐 CoinGecko considers selling the company with a valuation of around 500 million USD
🔹 CoinGecko, one of the largest crypto market data platforms in the world, is reportedly considering selling the company with a valuation of around 500 million USD
🔹 According to sources, CoinGecko has been working with investment bank Moelis to advise on the deal, however, all information remains confidential and no final decision has been made yet
🔹 Founded in Malaysia, CoinGecko provides price, volume, exchange, and performance data for thousands of crypto assets, serving both individual and institutional investors
🔹 The platform is a crucial data infrastructure for the crypto ecosystem, widely used by wallets, exchanges, developers, and organizations through its API
🔹 If the deal proceeds, it would be one of the largest crypto infrastructure M&A deals, similar to Binance's 2020 acquisition of CoinMarketCap for approximately 400 million USD
🇦🇪 Dubai eases crypto regulation: Businesses take responsibility for tokens
🔹 Dubai Financial Services Authority (DFSA) updates regulations in the DIFC financial free zone, allowing licensed businesses to self-assess and take responsibility for the crypto tokens they support
🔹 DFSA will no longer publish a list of approved tokens, shifting from a "token-by-token licensing" model to a business accountability-based framework
🔹 The new approach aligns with international standards, enhances flexibility, and encourages innovation, replacing regulatory decisions with market-driven choices
🔹 Anonymous tokens such as Monero, Zcash are not banned, but will be closely monitored due to high AML risks, prompting many businesses to proactively avoid supporting them.
🟣 Vitalik Buterin: Ethereum is only sustainable when it passes the "walkaway test"
🔹 Vitalik Buterin believes Ethereum is truly sustainable only when it still holds value and functions effectively even in the scenario where developers leave — a concept he calls the "walkaway test"
🔹 According to him, Ethereum should resemble a finished tool: once the core is built, it can operate stably for decades without requiring constant upgrades
🔹 To achieve this state, Ethereum needs to finalize its core foundations: • Resilience against risks from quantum computing • High scalability using technologies such as ZK-EVM and PeerDAS • Block creation mechanisms that are decentralized and censorship-resistant • Secure, clear account systems and fee mechanisms
🔹 Beyond technical infrastructure, Vitalik emphasizes Ethereum needs better decentralized stablecoins backed by multiple assets, to reduce reliance on traditional finance and centralized stablecoins.
🇺🇸 Trump pressures the Fed: Low inflation, calls for strong and early interest rate cuts
🔹 President Donald Trump believes the latest U.S. inflation data is at a very low level, while the economy continues to grow well
🔹 According to him, current conditions are clear enough for the Fed to cut interest rates early and significantly
🔹 Trump continues to criticize Fed Chair Jerome Powell as "too late" in monetary policy management, arguing that delaying rate cuts is hindering economic growth.
🇺🇸 Charles Hoskinson: Memecoin TRUMP is a strategic mistake, David Sacks should resign if CLARITY fails
🔹 Cardano founder Charles Hoskinson believes that memecoins TRUMP and MELANIA have severely damaged the image of crypto, associating it with group interests and corruption
🔹 According to him, this has triggered further backlash in Congress, making crypto-related legislation—especially the CLARITY Act—increasingly difficult to pass
🔹 Charles states that if White House crypto advisor David Sacks fails to pass the CLARITY Act before the midterm elections, he should resign due to failing in his role
🔹 The chances of CLARITY passing after the midterm elections are considered highly uncertain due to the risk of a divided Congress
🔹 Charles suggests that if Trump and his family want to launch a memecoin to raise money, they should wait until after the CLARITY Act is passed, when the legal framework is clearer and faces less opposition
🔹 He also criticizes Trump's inner circle for giving inappropriate advice, arguing that David Sacks should have spoken out against it, even threatening resignation to prevent the memecoin launch
👍 Binance Alpha will be the first platform to introduce Empire of Sight (Sight) on January 14 and Owlto Finance (OWL) on January 15.
👍 Eligible users can claim their airdrops using Binance Alpha Points on the Alpha Events page when opening trades. More details will be announced soon.
🇯🇵🇸🇻 SBI Research Expands Bitcoin Mining Using Volcanic Energy in El Salvador
🔹 SBI Crypto (part of SBI Holdings - Japan) is researching a project to expand Bitcoin mining operations using geothermal energy in El Salvador
🔹 The project includes a pilot program in collaboration with the Bitcoin Office of El Salvador, deploying mining containers powered by electricity from the Ahuachapán geothermal plant
🔹 The goal is to leverage autonomous volcanic energy, delivering direct economic benefits to El Salvador
🔹 The project also aims to strengthen El Salvador's position as a global hub for Bitcoin mining linked with clean and sustainable energy