Bitcoin Amount of US-Based Institutions Reaches Record Level
Bitcoin reserves of US-based institutions have reached record levels, driven by increasing institutional demand and Donald Trump’s proposal for a national Bitcoin reserve. According to CryptoQuant; The US’s Bitcoin reserve ratio is 65% higher than offshore assets. This increase occurred in parallel with Bitcoin’s record price of over $108,000 and strong inflows in spot Bitcoin ETFs. Small companies as well as giants such as MicroStrategy are increasing their Bitcoin investments. Globally, countries such as Japan are planning to establish strategic Bitcoin reserves, while this trend is expected to be adopted by other governments.
Positive Staking Decision from the UK
The UK Treasury has issued a regulation that exempts crypto asset staking transactions from being classified as “collective investment schemes” (CIS) effective January 31, 2025. This regulation means that blockchains that include Proof-of-Stake (PoS) mechanisms, such as Ethereum and Solana, will not fall into the heavily regulated CIS category. Bill Hughes of Consensys described this development as a positive step for crypto staking, stating that blockchain transactions should be considered as cybersecurity activities, not investments.
Ripple President’s XRP ETF Assessment
Ripple President Monica Long predicts that an XRP-based ETF will be launched very soon, following the exchange-traded funds (ETFs) tied to Bitcoin and Ethereum. Long stated that the growing interest in crypto innovation in the US and the change in regulatory approaches of the new administration will accelerate the approval process of XRP ETF applications. Firms such as Bitwise, 21Shares, Canary Capital and WisdomTree have filed applications with the SEC for XRP ETFs. In addition, Ripple’s RLUSD stablecoin, which was introduced last month, reached a market value of $72 million and began to be used on platforms such as Bitso, MoonPay and Mercado Bitcoin.
Russia Transfers Bitcoin Worth 1 Billion Rubles to Treasury in Bribery Case
Russia has taken an important step in the corruption case in which former investigator Marat Tambiev received a bribe of 1,032 Bitcoins (approximately 1 billion rubles). Tambiev was found guilty of accepting a bribe to avoid seizing the illegal assets of the hacker group Infraud Organization. The Bitcoins were found on Tambiev’s devices and transferred to the state treasury by court order. Tambiev received a 16-year prison sentence and a fine of 500 million rubles, while other defendants were also sentenced. Authorities are also aiming to seize Tambiev’s other assets.
Fetch.ai Launches $10 Million Program for AI
Fetch.ai has launched its Startup Accelerator program with a $10 million annual fund to support early-stage startups in the fields of artificial intelligence, quantum, and high-performance computing. The program, which will run from innovation centers in San Francisco, London, and India, will offer startups funding, mentorship, access to Fetch.ai’s technology infrastructure, and global collaboration opportunities. Applications for the sector-agnostic program are now open, and selected startups will receive comprehensive support from concept to commercialization.
Circle Donates $1 Million USDC to Trump’s Inaugural Committee
Circle has donated $1 million USDC to President-elect Donald Trump’s inaugural committee. Circle CEO Jeremy Allaire said the move illustrates the rise of digital currencies in the mainstream financial world. The acceptance of the stablecoin USDC was interpreted as a sign of increasing trust in digital dollars. Other crypto firms made similar contributions. Coinbase and Kraken each donated $1 million, while Ripple donated 5 million XRP. In addition, the Winklevoss brothers donated $1 million worth of Bitcoin to Trump’s campaign last year.
El Salvador Adds $1 Million to Bitcoin Reserves
El Salvador has purchased 11 more Bitcoins worth about $1 million to bolster its strategic reserves. This is the third time the country has purchased the same amount of Bitcoin since reaching a $1.4 billion deal with the International Monetary Fund (IMF). The IMF agreement stipulates fiscal discipline and a reduction in Bitcoin’s role in the economy. The country’s total Bitcoin reserves have reached 6,022 BTC, worth $572 million at current prices.
Microsoft’s AI Investment in India
Microsoft announced that it will invest $3 billion to increase artificial intelligence (AI) and cloud computing capacity in India. The company aims to provide cloud and AI training to 10 million people by 2030, and will train 500,000 people by 2026 in collaboration with the Indian government. In addition, new data centers will be established, support for entrepreneurs will be provided, and the Azure platform will be expanded. It was stated that Microsoft has established partnerships with many local organizations from education to healthcare.
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BITCOIN (BTC)
BTC is priced at $ 94,030 as of the morning hours with a 1.60% increase in value. After seeing the $ 102,000 levels, BTC, which continued its decline series, started the new day positively and is moving close to the 94,491 resistance. In order for the positive trend to continue, it will be important to first break this resistance and make positive closings above it. Then, in the continuation of the rise, the $ 95,387 and $ 96,283 levels appear to be acceptable resistance levels. In the event of a possible negative trend, the $ 93,390 and then the $ 91,792 band appear as areas where buyers are concentrated. Therefore, it will be important for investors to carefully monitor the identified critical support and resistance levels.
ETHEREUM (ETH)
ETH is priced at $ 3,265 as of the morning hours with a 1.46% gain in value. ETH, which fell to $ 3,157 after the rapid pullbacks experienced yesterday, encountered purchases at this level and is momentarily moving just above the $ 3,260 resistance. If it stays above this level, $ 3,332 and then $ 3,373 levels can be met as resistance. Further above, there is a resistance of 3,467. If it cannot stay above the possible 3,260 support, in the negative trend, 3,204 and then 3,157 dollars appear as the region where buyers are concentrated and can be expected to work as support. For this reason, it is important for investors to carefully monitor the determined critical support and resistance levels.
RIPPLE (XRP)
XRP is priced at $ 2.2830 as of the morning hours with a 0.55% gain in value. Closing the day with a 4.25% decrease yesterday, XRP started the new day by encountering purchases from the $ 2.2709 support band. If the positive trend continues, it will be important to first break the $ 2.3645 resistance and maintain its persistence above it. Then, the $ 2.4733 level may be met as the area where sellers are intense during the continuation of the rise. In a possible negative trend, 2.2709 and then 2.2305 levels are in support position. Below these levels, $ 2.1953 appears as the area where buyers are concentrated. It will be important to closely follow the support and resistance levels for the direction.
AVALANCHE (AVAX)
AVAX is trading at $ 36.95 levels with a 2.06% gain as of the morning hours. Continuing its decline series for three days, AVAX started the new day with an increase by taking support from the $ 35.50 level. If the positive trend continues, it will be important for the candle to close above 37.29 first. Then, the $ 38.84 and $ 40.06 levels may be met as resistance in the continuation of the rise. In case of a possible negative trend, the 35.50 level appears as critical support. If this level is broken and maintained below, the $ 33 level will be the next support level. For this reason, it is important for investors to carefully monitor the determined critical support and resistance levels.
SOLANA (SOL)
SOL is priced at $ 190 levels with a 2.70% gain in value as of the morning hours. Continuing its decline series for two days, SOL started the new day by taking support from the $ 183 level and is moving just below the $ 191.26 resistance. If the positive trend continues, it will be important for it to stay above the $ 191.26 level first. Then, in the continuation of the rise, the $ 194.20, $ 199.48 and $ 205.11 levels may be met as resistance. In case of a possible negative trend, the $ 187.26 and then the $ 183.60 levels appear as areas where buyers are concentrated. It will be important to closely monitor the support and resistance levels for the direction.
