Cryptocurrency Developments: US SEC Task Force, Trump Announcements, and Major Bitcoin Investments

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SoSo Daily May 20 | JamesWynnReal opened a long position of 5,520 BTC with 40x leverage, with a position value reaching 570 million USD.

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PANews

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Jan 22, 2025

1. **US SEC Cryptocurrency Task Force**: The US SEC has launched a task force to develop a regulatory framework for cryptocurrency assets, led by Commissioner Hester Peirce.

2. **Trump's Cryptocurrency and AI Announcements**: Trump commented on the TRUMP coin, signed a pardon for Silk Road founder Ross Ulbricht, and announced a $500 billion AI investment by OpenAI, SoftBank, and Oracle.

3. **CLS Global Pleads Guilty**: CLS Global, a UAE-based crypto company, pleaded guilty to US charges of market manipulation in a sting operation by the FBI.

4. **Kenya's Digital Asset Law Proposal**: Kenya is drafting a law requiring digital asset businesses to have local offices to enhance regulation.

5. **EigenLayer Rewards v2 Mainnet Launch**: Ethereum's EigenLayer launched its Rewards v2 mainnet, introducing new features for operator rewards.

6. **Coinbase CEO on Stablecoin Regulation**: Brian Armstrong anticipates US stablecoin regulations may require full backing by US Treasuries.

7. **Circle Acquires Hashnote**: Circle acquired Hashnote to expand in stablecoins and asset tokenization.

8. **Obol Collective Airdrop**: Obol Collective announced an airdrop of OBOL tokens to Ethereum node operators.

9. **Rex's ETF Applications**: Rex submitted applications for $Doge and Trump ETFs.

10. **Vitalik Buterin's Proposals**: Vitalik proposed using ZKP for anonymous voting for $ETH holders and responded to Ethereum Foundation leadership controversies.

11. **Upbit and Bitstamp Announcements**: Upbit to launch VTHO trading pairs, and Bitstamp plans to offer regulated crypto derivatives in Europe.

12. **Significant Bitcoin Investments**: KULR, Genius Group, and MicroStrategy made substantial Bitcoin purchases, with MicroStrategy acquiring 11,000 Bitcoins.

13. **Bitcoin Spot ETFs Inflow**: Bitcoin spot ETFs saw a net inflow of $1.96 billion last week, with significant contributions from BlackRock and Fidelity.

14. **ZachXBT and Whale Transactions**: ZachXBT transferred SOL to Wintermute, and a whale liquidated ZACHXBT for profit.

15. **Trump Family's Crypto Project**: The Trump family's WLFI project exchanged $ETH for stETH and pledged it to Lido.

All You Need to Know in 10s

James Wynn has re-entered his position, currently holding 2,675 BTC with 40x leverage.

The U.S. Senate Advances Groundbreaking Stablecoin Legislation to Promote Digital Asset Regulation

Bitcoin Spot ETF saw a total net inflow of 667.44M USD yesterday, marking a 4 days of consistent inflow

Ethereum Foundation co-founder transferred 105,736 ETH to Kraken, valued at approximately 262 million USD

Indonesian fintech company DigiAsia plans to raise 100 million USD to purchase Bitcoin.

Anza Proposes Alpenglow, a Major Upgrade to Solana's Core Protocol

Binance Wallet's single-day transaction volume exceeded 5 billion USD, setting a new record for six consecutive days.

Binance Futures is about to launch the AGTUSDT perpetual contract, supporting up to 50x leverage.

India Supreme Court: A complete ban on cryptocurrencies is not realistic; the government should promptly introduce regulatory measures.

Argentinian President Milei dissolves the department investigating the LIBRA crypto scandal

BTC:$104,823.9+0.37%ETH:$2,478.73+1.01%ssiMAG7:$21.02+0.03%ssiMeme:$19.9-0.98%

BTC:$104,823.9+0.37%ETH:$2,478.73+1.01%XRP:$2.3377-0.03%BNB:$644.14-0.25%

SOL:$166.26+1.42%DOGE:$0.21949-0.86%ADA:$0.7289-0.68%TRX:$0.271+2.19%

15:16Solana co-founder Raj reported that his social media accounts were recently hacked and reminded the community to stay vigilant.

15:10BlackRock ETF Holdings Reveal New Bitcoin Bottom: Price May Experience Substantial Increase

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