Morning News | Bitcoin spot ETF saw a net outflow of $1.33 billion this week; Zhao Changpeng stated that the memoir may be published in late February or early March; Space released details on public sale refunds
January 25 Market Important Events Overview整理：ChainCatcher
Important News:
- Galaxy Research Director: Key hearing on cryptocurrency market structure legislation next week, bipartisan lawmakers may propose amendments
- Data: Bitcoin spot ETF saw a net outflow of $1.33 billion this week, the second highest in history
- VanEck Avalanche spot ETF to be listed on Nasdaq
- Zhao Changpeng: Memoir may be published in late February or early March
- Michael Saylor releases Bitcoin Tracker information again, may disclose accumulation data next week
- Space public sale refund details: Total amount $12.3 million, top 5% participants refunded 11% to 21%
What important events happened in the past 24 hours?
Solana's privacy coin GHOST surged nearly 60% after announcing a new cross-chain exchange plan
According to ChainCatcher, GhostWareOS's native token GHOST saw its price surge nearly 60% after the project announced a significant expansion of its privacy-focused product suite on Solana.
It is reported that GhostWareOS is a privacy infrastructure project based on Solana, aimed at providing anonymous payments, concealed transfers, and privacy-protecting liquidity tools for a fully transparent blockchain.
Michael Saylor releases Bitcoin Tracker information again, may disclose accumulation data next week
ChainCatcher reports that Strategy founder Michael Saylor has released information related to the Bitcoin Tracker again. Following previous patterns, Strategy typically discloses Bitcoin accumulation information the day after related news is released.
White House official Twitter post: The U.S. is now the global crypto capital, CFTC will follow up on modernization of rules and regulations
According to ChainCatcher, a post from the official White House X account stated that under Trump's push, the U.S. has become the world's cryptocurrency capital. New CFTC Chairman Mike Selig responded that there is no better place for entrepreneurship than the "world's cryptocurrency capital," and the CFTC is modernizing its rules and regulations to ensure that the future of cryptocurrency and on-chain finance achieves "Made in America."
Zhao Changpeng: Memoir may be published in late February or early March
ChainCatcher reports that Zhao Changpeng CZ responded to community users on the X platform, stating that his memoir may be published in late February or early March. According to CZ, the Chinese version of the memoir may be titled "Binance Life," but the English title may be completely different and has not yet been finalized.
VanEck Avalanche spot ETF to be listed on Nasdaq
ChainCatcher reports that the VanEck Avalanche spot ETF (abbreviated as VanEck Avalanche ETF, code VAVX) will officially begin trading on Nasdaq next Monday.
Flow Traders has been designated as the primary market maker for the ETF.
Scroll co-founder's X account hacked, do not interact with any links or direct messages
ChainCatcher reports that Scroll announced on the X platform that its co-founder’s X account @shenhaichen has been hacked, and they are actively working to recover the account. Please do not interact with any links or direct messages.
ChainCatcher reports that, according to Bitsmedia, the Russian Prosecutor General's Office has listed the Ukrainian cryptocurrency exchange WhiteBit as an undesirable organization. The regulator believes that the exchange has been used for illegal fund transfers out of Russia, including funding for the Ukrainian armed forces. The Russian side has also included WhiteBit's parent company W Group and all its affiliates and subsidiaries on the list.
The Prosecutor General's Office stated that since 2022, WhiteBit's management has transferred approximately $11 million to the Ukrainian military, of which about $900,000 was used to purchase drones, and claimed that the platform cooperated with the Ukrainian Ministry of Foreign Affairs to provide technical support for the United24 crypto donation platform. Currently, there are no registered cryptocurrency exchanges under Russian law. The Central Bank of Russia hopes that legal amendments to regulate exchanges and cryptocurrency traders can be completed by July 1. The Central Bank plans to hold intermediaries in the cryptocurrency market accountable for illegal activities starting July 1, 2027.
ChainCatcher reports that, according to South Korean media Ohmy News, the Gwangju District Prosecutor's Office recently suspected that a large amount of Bitcoin seized and stored due to criminal cases has been lost. The specific amount of lost Bitcoin has not been disclosed, but it is understood to be worth billions of won. The prosecution is conducting an internal investigation.
The Gwangju District Prosecutor's Office discovered the loss during a routine check for anomalies in seized financial assets, while they were checking the passwords for Bitcoin stored on a removable storage device (USB drive). A prosecutor stated, "We learned that the incident occurred during a routine check of the seized Bitcoin when we accidentally accessed a so-called 'fake (scam) website.' Internal discussions within the prosecution believe that the lost Bitcoin is worth up to 70 billion won." An official from the Gwangju District Prosecutor's Office responded to media inquiries, stating, "We cannot confirm this matter."
ChainCatcher reports that Galaxy Research Director Alex Thorn posted on the X platform that a key hearing in the cryptocurrency market structure legislative process will take place next week. Republican members of the Senate Agriculture Committee have released a discussion draft of the "Digital Commodities Market Act." This bill is expected to be combined with related legislative content completed by the Senate Banking Committee to form a complete "Cryptocurrency Market Structure Act."
Since the Senate Agriculture Committee is responsible for overseeing the CFTC, this draft primarily focuses on the digital commodities market, with the core content being to grant the CFTC exclusive regulatory authority over the spot cryptocurrency market (including cryptocurrency trading platforms, traders, and brokers). The committee plans to hold a bill amendment hearing on January 27 (Tuesday), during which bipartisan lawmakers may propose amendments. Although the commodity attributes section (including the CFTC's regulatory authority over the spot market) is generally considered less controversial than the securities attributes section in the cryptocurrency market structure discussions, this draft still carries significant partisan overtones. It has not yet received the endorsement of the main Democratic negotiators, although it includes many previously negotiated terms with Democrats. Overall, the legislative text from the Senate Agriculture Committee aligns with market expectations, with the core being to establish a regulatory framework for the digital commodities spot market centered around the CFTC. Compared to the related topics being discussed by the Senate Banking Committee, this version has a narrower scope and relatively lower political sensitivity and controversy.
Yi Lihua: Crypto-friendly policies are gradually being realized, and the crypto structure bill is likely to pass
ChainCatcher reports that Yi Lihua, founder of Liquid Capital (formerly LD Capital), stated, "The crypto-friendly policies we have been talking about are gradually being realized, especially the high probability of the crypto structure bill passing. This is a landmark event for the industry, indicating that the crypto industry has ended the past period of severe obstruction and entered a new stage of healthy development in a macro environment. There will definitely be a large number of excellent founders and quality projects emerging, while clearing obstacles for U.S. financial institutions to participate in crypto financial construction on a large scale, fully integrating the crypto industry into the mainstream financial system."
Data: Bitcoin spot ETF saw a net outflow of $1.33 billion this week, the second highest in history
ChainCatcher reports that, according to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $1.33 billion during the trading week.
The Bitcoin spot ETF with the highest net outflow this week was the BlackRock ETF IBIT, with a weekly net outflow of $537 million, bringing IBIT's historical total net inflow to $62.9 billion. The second was Fidelity ETF FBTC, with a weekly net outflow of $451 million, bringing FBTC's historical total net inflow to $11.46 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs was $115.88 billion, with an ETF net asset ratio (market cap compared to total Bitcoin market cap) of 6.48%, and the historical cumulative net inflow has reached $56.49 billion.
ChainCatcher reports that, according to SoSoValue data, Ethereum spot ETFs saw a net outflow of $611 million during the trading week.
The Ethereum spot ETF with the highest net outflow this week was BlackRock's ETHA, with a weekly net outflow of $432 million, bringing ETHA's historical total net inflow to $12.51 billion. The second was Fidelity's FETH, with a weekly net outflow of $78.03 million, bringing FETH's historical total net inflow to $2.59 billion. The Ethereum spot ETF with the highest net inflow this week was Grayscale Ethereum Mini Trust ETH, with a weekly net inflow of $17.82 million, bringing ETH's historical total net inflow to $1.64 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs was $17.7 billion, with an ETF net asset ratio of 4.99%, and the historical cumulative net inflow has reached $12.3 billion.
ChainCatcher reports that Space has released public sale refund details, allowing all players who participated in the public sale to choose a partial refund: players with smaller participation amounts will be prioritized for the highest refund amounts. All refunds will be verified on-chain. Space will allocate an additional $5 million for refunds, with a total refund amount reaching $12.3 million. The remaining funds will be used for platform launch, token deployment, and long-term ecosystem development. The related process will start on January 27. Space stated that among the 4,677 participating wallets:
- 100% of participants are eligible for a partial refund. Every participant is eligible.
- 80% of participants can apply for a refund of up to 70% of their committed funds.
- 86% of participants can apply for a refund of up to 50% of their committed funds.
- The top 5% of participants can apply for refunds ranging from 11% to 21% of their committed funds.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN, as of January 26, 09:00,
The top five popular tokens in ETH over the past 24 hours are: SHIB, LINK, PEPE, UNI, ONDO
The top five popular tokens in Solana over the past 24 hours are: arc, FWOG, TROLL, PENGUIN, USELESS
The top five popular tokens in Base over the past 24 hours are: PEPE, BASED, SKYA, B3, USA
What are some interesting articles worth reading in the past 24 hours?
We are often misled by the exaggerated stablecoin trading volumes in article titles, immersed in the excitement of it surpassing V/M transaction volumes, dreaming of "planning to cancel, preparing to take the crown" to replace SWIFT. Comparing stablecoin trading volumes to Visa/Mastercard is like comparing the volume of funds for securities settlement to Visa/Mastercard; they are not comparable.
Although blockchain data shows that stablecoin trading volumes are huge, most of them are not real-world payments.
Currently, most stablecoin trading volumes come from: 1) fund balancing by exchanges and custodians; 2) trading, arbitrage, liquidity cycles; 3) smart contract mechanisms; 4) financial adjustments.
Risk warning
Risk warning
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