More volatility is expected this week with the release of US PPI (Producer Price Index) on Tuesday Jan 14 at 14:30 CET and CPI (Consumer Price Index) inflation data on Wednesday Jan 15 at 14:30 CET, as well as the Fed's Beige Book which summarizes the Fed's commentary on current economic conditions.
Trump’s inauguration, discussions around U.S. and international Bitcoin (BTC) strategic reserves, the increasing adoption of Bitcoin by corporate treasuries, high digital asset fund flows and shift in SEC leaderships all point to strong bullish momentum for the market.
However, higher bond yields, a weakening stock market, and a potentially oversaturated crypto market (already priced in with many of these bullish expectations) suggest that current prices may already reflect much of the optimistic outlook.
Over seven million email addresses compromised in an OpenSea email vendor leak in 2022 are now fully public online, significantly increasing the risk of phishing attacks and scams for those affected by the leak.
US BTC Spot ETFs ended last week recording a net outflow of $149.4m. Adjusted for the Jan 9 market closure, net flows for the week amounted to $312.8m, due to the large inflow recorded on Jan 6.
Russian authorities are reportedly looking to sell $10m worth of Bitcoins seized during investigations into an international cybercrime gang that operated between October 2010 and February 2018. These Bitcoins are part of a larger stash of over 1000 seized BTC, which has faced legal hurdles in liquidation due to being split into smaller amounts by the accused, requiring multiple court rulings to authorize their sale.
Effective January 11, 2025, The Bank of Russia now mandates registration of foreign trade contracts involving digital rights (e.g., cryptocurrencies, tokenized securities) with authorized banks, aiming to enhance oversight, transparency, and integration of digital assets into the financial system while mitigating associated risks.
Due to recent developments from Indian regulators and in continuation of previously implemented restrictions, global crypto exchange Bybit temporarily halted its services in India since yesterday Jan 12.
