Coin Bureau Insider

🚨 New Video Alert!! 🚨

Base is on fire. It’s flipped not only every Ethereum layer 2, but even many layer 1 blockchains
to become - arguably - this cycle’s hottest chain. If you still haven’t started exploring Base - or perhaps you’re not sure how - then today’s video is for you.

We’re going to walk you through everything you need to do to navigate the chain like a multi-cycle veteran - from creating a wallet and bridging funds to deep diving the latest protocols on Base. Don’t miss out!

6️⃣ Cboe BZX Refiles For Solana ETFs On Behalf Of 4 Issuers ‼️

Cboe BZX Exchange has reportedly resubmitted 19b-4 filings on behalf of four asset managers looking to list a spot Solana exchange-traded fund (ETF) in the US this year. Specifically, the exchange resubmitted filings for the Canary Solana Trust, Bitwise Solana ETF, 21Shares Core Solana ETF and the VanEck Solana Trust. The move comes after the U.S. Securities and Exchange Commission rejected the applications late last year. The resubmission effectively restarts the SEC’s review process under the regulator’s new, more crypto-friendly acting chair, Mark Uyeda.

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🔔 MARKET MOVING NEWS! (29/01/25)

1️⃣ ai16z Becomes ElizaOS Amid Branding Confusion Concerns 🆕

AI decentralised autonomous organisation (DAO) ai16z has reportedly rebranded to ElizaOS following concerns from tech venture capital firm Andreessen Horowitz (a16z) over brand confusion. While Eliza Labs founder Shaw Walters did not elaborate on the reason behind the name change, a16z managing partner Chris Dixon recently hinted in an interview with Unchained Crypto that the VC firm had asked Eliza Labs to do so. Dixon claimed the similarities between the names of the two entities “was creating a little bit of confusion.” Walters has also clarified that the DAO will not look to create more tokens, and the contract address and roadmap would remain unchanged.

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2️⃣ Bitwise Files With SEC For Spot Dogecoin ETF ☄️

Crypto asset manager Bitwise has reportedly filed with the US Securities and Exchange Commission to list the Bitwise Dogecoin ETF - an exchange-traded fund (ETF) tracking the price of Dogecoin. According to the filing, the proposed ETF would hold Dogecoin and closely track the memecoin’s price movements. Bloomberg ETF analyst James Seyffart also noted that the crypto asset manager submitted a registration filing for a Dogecoin trust in Delaware on Jan. 22. Bitwise listed Coinbase Custody as the proposed custodian of the spot Dogecoin ETF.

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3️⃣ French Investigators Open Fraud Probe Against Crypto Platform Binance ▶️

According to a Reuters report, French authorities have launched an investigation into cryptocurrency exchange Binance over allegations of money laundering and tax fraud. The probe came from the National Jurisdiction for Combating Organized Crime (JUNALCO), a section within the Paris public prosecutor's office targeting financial crime. According to a Decrypt report, Binance responded to the allegations by claiming they were "several years old," and that it was "deeply disappointed" to hear it was being taken further.

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4️⃣ Czech National Bank Governor Wants It To Buy Billions Of Euros In Bitcoin 💸

According to a Financial Times report, Czech National Bank Governor Aleš Michl wants to invest billions of dollars worth of the country’s reserves into BTC. Michl is reportedly set to present his Bitcoin acquisition plan to the bank’s board meeting on Jan. 30. According to André Dragosch, head of research at Bitwise, the investment may amount to over $7.3 billion in Bitcoin purchases if approved.

Dragosch stated,

Just to put this into perspective: These BTC purchases alone would be equivalent to around 5.3 months of newly mined Bitcoin supply.

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5️⃣ Movement Labs Founder Rushi Manche Refutes Insider Trading Allegations Tied To Trump-Backed World Liberty Financial 🔍

In an interview with The Block on Tuesday, Movement Labs co-founder Rushi Manche confirmed the organisation was not in “direct communication” with the Trump-backed DeFi project World Liberty Financial. For context, the comment comes after observers hinted at possible insider trading due to the timing of the purchase. Specifically, the purchase came just two hours before Movement Labs announced it had launched a developer mainnet via a press release on PR Newswire. The purchases were also made just minutes before mainstream media reported that Movement Labs was in discussions with the newly created Department of Government Efficiency about possibly implementing blockchain technology to enhance transparency in government spending.

Manche stated,

I actually just woke up this morning to the pleasant news. We're not really involved at all. I think we'd like the MOVE-based asset to be involved in the system but we don't have any direct contact with them. No, I don't think anything was coordinated, we were really focused on developer mainnet this morning, nothing else.

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🚨New Video Alert!!🚨

In recent months, Sui has emerged as a top crypto, so much so that it now seems to be challenging Solana. The craziest part is that Sui is a GameFi crypto, and GameFi hasn’t taken off yet.

This suggests that SUI has a lot more upside than meets the eye even with its recent rally. Recent changes to US regulations could put Sui in the perfect position for mass adoption with its Suiplay device.

Sui could use airdrops as a means of attracting users to its blockchain. Besides the Suiplay, Sui is also going to be launching a new storage protocol. Watch til the end to know what it means for Sui in 2025!

🔔 MARKET MOVING NEWS! (28/01/25)

1️⃣ Tuttle Capital Seeks SEC Approval For First-Ever Chainlink, Cardano, And Polkadot ETFs ⚡️

Tuttle Capital Management has reportedly filed for 10 different leveraged crypto exchange-traded funds (ETFs). Specifically, the 10 crypto-based leveraged ETFs offer 2x leveraged exposure to assets such as XRP, Solana, Litecoin, Cardano, Chainlink, Polkdaot, BNP, Bonk, TRUMP and MELANIA. According to Bloomberg intelligence analyst James Seyffart, these are the first exchange-traded product filings of any kind to track Chainlink, Cardano, Polkadot, BNP and Melania. He also noted that this is a case of “issuers testing the limits of what this SEC is going to allow.”

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2️⃣ KuCoin Pleads Guilty in Crypto Case, Agrees to Pay $300 Million ▶️

According to a Bloomberg report, crypto exchange KuCoin has pleaded guilty to operating an unlicensed money-transmitting business and agreed to pay almost $300 million in fines and forfeitures. As part of the settlement, KuCoin founders Chun Gan and Ke Tang have agreed to forfeit $2.7 million each while also stepping down from all roles at the company. The case follows KuCoin’s December 2023 settlement with New York state regulators.

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3️⃣ MicroStrategy Proposes 2.5M Share Offering To Fund Bitcoin Purchases 💰

Business intelligence firm MicroStrategy has reportedly proposed a stock offering to raise cash for “general corporate purposes, including the acquisition of Bitcoin and for working capital.” Specifically, MicroStrategy intends to offer 2.5 million units of its perpetual strike preferred stock - a type of stock that has a liquidation preference and pays dividends at a fixed rate. In this case, the offering is reported to have a per-share liquidation preference of $100. Dividends are payable quarterly, beginning on March 31. Holders also have the option of converting it into common stock. Coincidentally, the proposal comes on the same day the firm announced the acquisition of an additional 10,107 BTC for around $1.1 billion.

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4️⃣ Erik Voorhees' AI Platform Venice Launches VVV Token On Ethereum Layer 2 Base ☄️

Venice AI, a privacy-centric AI platform founded by Bitcoin advocate Erik Voorhees, announced the launch of its VVV token on the Ethereum Layer 2 network Base. According to Dexscreener data, the token achieved an all-time high market capitalisation of $585 million in less than 24 hours after launch. Half of the token’s initial supply has reportedly been airdropped to its users and decentralised AI communities. The Venice team stated that VVV token stakers will receive free ongoing inference access to its API for private and uncensored generative text, images and code that leverages AI models, including the newly released DeepSeek R-1.

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5️⃣ CFTC Acting Chair Announces Roundtables On Crypto Market Structure ‼️

Caroline Pham, the acting chair of the US Commodity Futures Trading Commission (CFTC), has announced the agency will be holding public roundtable discussions that focus on "innovation in market structure," including conflicts of interest and affiliated entities, digital assets and prediction markets. The announcement claims the commission would be scheduling roundtable events “over the next several months.”

Pham stated,

The CFTC will get back to basics by hosting staff roundtables that will develop a robust administrative record with studies, data, expert reports, and public input. A holistic approach to evolving market trends will help to establish clear rules of the road and safeguards that will promote US economic growth and American competitiveness.

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6️⃣ DOGE Chief Elon Musk Says Trump Shouldn’t Pardon Bitcoin Cash Backer Roger Ver ❓

Elon Musk, the CEO of Tesla and head of the Department of Government Efficiency (DOGE), has posted a tweet arguing that Bitcoin Cash proponent and early Bitcoin investor Roger Ver shouldn't be given a presidential pardon on account of no longer being a citizen of the U.S.

Trump stated,

Is BTC at a crossroads?

Aaron unpacks the key $106K level, stablecoin pressure & why XMR stands out.

Watch now! 👇

🚨Coin Bureau’s Weekly News Livestream is Here!🚨

🕗8:00am EST
🕐1:00pm GMT
🕔5:00pm GST

Don’t miss Guy and Nic LIVE as they unpack the hottest crypto headlines of the week!🔥

1️⃣ BTC below $100K: Post-Trump’s inauguration slump – What caused?
2️⃣ Ethereum Civil War: Vitalik clashes as community tensions rise
3️⃣ DeepSeek AI: Challenges US tech, sparks market reactions
4️⃣ SEC Changes: Crypto guidance revoked, new task force formed
5️⃣ Trump’s Order: Focus on crypto regulation, halts CBDCs
6️⃣ Tornado Cash: US court lifts sanctions, win for privacy
7️⃣ Ethereum Struggles: Leadership shakeup and market pressure
8️⃣ Tweets of the Week, Top Gainers, and Dates for Your Diary📆

🔗 Join us LIVE👇

🔔 MARKET MOVING NEWS! (27/01/25)

1️⃣ Pump.Fun Set Single-Day Revenue Record, Raking In $15.5 Million In Fees Following Anniversary 💰

Memecoin launchpad Pump.fun reportedly had its most profitable day yet on Friday, January 24. According to data by The Block, the platform set a new record by generating $15.38 million in fees on Friday. The data reveals that the record was achieved partly due to the hype around Vine Coin. For context, Vine Coin is a memecoin launched by Rus Yusupov, one of three co-founders of the defunct looping video platform of the same name. The excitement around the coin comes from speculation that Elon Musk is considering reviving the defunct brand on the X platform.

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2️⃣ Met Museum Launches Blockchain Game 'Art Links' 🕹

The Metropolitan Museum of Art has announced the launch of ‘Art Links’ - a new blockchain-powered game that rewards players for finding connections between different works of art from the Met's collection. The game was reportedly developed in conjunction with TRLab, an art-focused blockchain startup that has also worked with Vogue, the Calder Foundation, and other notable artists and art institutions. Users who complete a puzzle within the game earn an NFT badge which qualifies a player to win up to 500 rewards from the Met, this includes gift store promo codes to a curator-led private tour of the museum.

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3️⃣ Brazil Bans Worldcoin From Giving Crypto For Eye Scans ❓

Brazil’s data protection watchdog, the National Data Protection Authority (ANPD), has reportedly ordered Worldcoin to stop offering crypto or financial compensation for collecting biometric data from its citizens. The ban, which went into effect on Jan. 25, comes after ANPD’s enforcement division reported that it determined offering crypto as compensation could compromise the validity of user consent for collecting sensitive biometric data. For context, Brazilian law requires consent for processing sensitive personal data to be free, informed, unequivocal and specifically given for particular purposes.

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4️⃣ SEC Wins In Killing Kraken’s Major Questions Doctrine Defence ‼️

The US Securities and Exchange Commission (SEC) has reportedly managed to nab a partial victory in its lawsuit against crypto exchange Kraken. Specifically, the presiding judge rejected Kraken’s “major questions doctrine defence” - one of the three defences the SEC petitioned to have thrown out in its case against the exchange. For context, the major questions doctrine says that government agencies can’t use powers that Congress hasn’t specifically delegated to them. The judge’s ruling claims the SEC wasn’t asserting a “highly consequential power beyond what Congress could reasonably be understood to have granted it.”

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5️⃣ Trump's Crypto Executive Orders Help Drive $1.9 Billion In Digital Asset Fund Flows: CoinShares 🔍

According to CoinShares’ latest report, digital asset investment products recorded net inflows of $1.9 billion last week. The report claims the inflows were driven by Trump’s crypto executive orders. CoinShares’ Head of Research James Butterfill noted that the executive orders have built confidence among investors, with no global digital asset investment products witnessing net outflows last week.

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🚨New Video Alert!!🚨

In case it wasn’t clear enough, crypto is going to be front and center for the Trump administration. This begs the question of which cryptos will benefit the most. To find the answer, just follow the money.

Chances are that the cryptos that Trump holds, that his family holds, that his DeFi protocol holds, and that his biggest backers hold will see the largest gains because of Trump’s pro-crypto policies.

That’s why today we’re doing a deep dive into exactly which cryptos could benefit under a Trump administration, and also how high they could go before this crypto bull market is over.

Enjoy!👇

🔔 MARKET MOVING NEWS! (26/01/25)

1️⃣ Musk Exploring Blockchain Use in US Government Efficiency Effort 🔍

According to a Bloomberg report, the Elon Musk-led Department of Government Efficiency is considering using a public blockchain to bring transparency and other potential benefits to government operations and spending. The report claimed the information came from a source who asked for anonymity because the discussions hadn’t been made public. The source reportedly claimed there’s been talk of using a blockchain to track federal spending, secure data, make payments and even manage buildings. DOGE personnel have reportedly also met with representatives from various public permissionless blockchain networks.

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2️⃣ Paradigm Calls For Accelerating Ethereum Development: 'Ethereum Can Do More' ❓

In a post made on X, venture capital firm Paradigm’s co-founder and CTO called for Ethereum to increase its development speed. Specifically, it asked Ethereum to ship more than one major upgrade per year, arguing against the mindset that the best way to protect Ethereum's decentralised status is to slow, or "ossify," the development of the core protocol. Paradigm claimed that some of the "non-controversial improvements" that could be shipped quickly include repricing the L1's opcodes to scale Ethereum without modifying the block gas limit, improving the UX of batched transactions through further development of the account abstraction framework, and further developing rollups that can meet increasing demand.

The post reads,

There is reasonable debate about what Ethereum’s north star should be. But wherever you think Ethereum should go, surely it is better to get there faster...We think Ethereum should be focused on reaching the efficient frontier of what’s possible before arguing — hypothetically — about how we would choose between our values once we’ve hit those limits.

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3️⃣ Virtuals Expands To Solana Ecosystem, Establishes Strategic SOL Reserve ⚡️

AI agent platform Virtuals Protocol has announced that it will expand to the Solana ecosystem. The team claimed the move is part of its efforts to “drive innovation across multiple ecosystems.” As part of the expansion, Virtuals stated that 1% of trading fees on the Solana network will be converted to SOL to build a Strategic Solana reserve to “support and reward agents” and creators within the ecosystem. Virtuals also stated that it will launch a Meteora pool to improve liquidity and an expanded grants program to support early-stage builders on Solana.

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4️⃣ Brian Armstrong Says Coinbase Needs To ‘Rethink’ Its Token Listing Process ▶️

In a recent post on X, Coinbase CEO Brian Armstrong hinted that the exchange was rethinking its asset listing process in response to the surge in token creation. Armstrong noted the challenges posed by the exponential growth of new tokens and called for regulators to adopt a more pragmatic approach.

The post reads,

We need to rethink our listing process at Coinbase, given there are ~1 million tokens a week being created now, and growing. It needs to move from an allow list to a block list and utilize customer reviews and automated scans of onchain data to help customers sift through.

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Next Week in Crypto: Key Events to Watch (Jan 27th - Feb 2nd, 2025)

Next week brings a suite of important events, from token unlocks to the FOMC meeting and key US economic data. Here’s what to keep on your radar:

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🔐 Token Unlocks

- January 31 – OP Token Unlock
   
Optimism (OP) will unlock 31.34 million tokens, valued at approximately $52 million, representing 2.32% of its circulating supply.
   
- February 1 – SUI Token Unlock
   
Sui (SUI) is set to unlock 64.19 million tokens, worth approximately $265 million, representing 2.13% of its circulating supply.
   
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📊 US Economic Data Release and FOMC Meeting

- January 29 — FOMC Meeting and Federal Reserve's Rate Decision

- January 31 — Core PCE Price Index Release

Next week's most impactful event for the markets is, no doubt, the Federal Reserve's rate decision and subsequent FOMC meeting, where Chair Jerome Powell will outline the Fed's outlook on the future direction of monetary policy. While the odds of a January rate cut are minimal, according to the CME FedWatch Tool, markets will be on the lookout for any potential guidance on further rate cut decisions.

Following that, we have the Fed's preferred inflation measure, the PCE Price Index, which has shown signs of being sticky and a slight uptrend in recent readings. A lower reading would suggest a decline in inflation, which could be seen as bullish for markets and subsequently favor monetary easing. However, a higher reading could be perceived as bearish for markets and may prompt the Fed to maintain a tighter monetary policy stance.

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That’s all for next week’s action! Keep an eye on these events, and we’ll be back with more updates in the next roundup!