News & Research

Evernorth, a crypto venture strategically backed by Ripple, is partnering with XRPfi infrastructure provider Doppler Finance to build a system that makes it easier for companies and institutions to utilize XRP. According to U.Today, Doppler Finance is a financial infrastructure company that uses XRP and the XRP Ledger (XRPL) to help institutions generate yield. Through this collaboration, Evernorth will leverage Doppler's institutional-grade infrastructure to promote wider institutional adoption of XRP. Evernorth currently holds over $1 billion in XRP.

An address presumed to belong to Hong Kong-based digital asset management firm Metalpha withdrew 6,000 ETH, valued at $18.67 million, from the Kraken exchange approximately three hours ago, according to a report from Lookonchain.

U.S. spot Ethereum ETFs recorded a net outflow of $159.94 million on Jan. 8, marking the second consecutive day of withdrawals, according to data from TraderT. BlackRock's ETHA led the outflows with $108.42 million, followed by Grayscale's ETHE with $31.72 million and Grayscale's Mini ETH with $12.90 million. Fidelity's FETH and VanEck's ETHV saw smaller outflows of $4.63 million and $2.27 million, respectively.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $125 million liquidated (81.15% longs) - ETH: $97.15 million liquidated (83.45% longs) - ZEC: $25.96 million liquidated (70.41% longs)

An address suspected of hacking Latin American cryptocurrency exchange TruBit has transferred 8,500 ETH, worth $26.5 million, to two new anonymous addresses starting with 0x2735 and 0xD12f, according to PeckShield. The transfer follows an earlier security breach at the exchange. In the wake of the news, TruBit's native token, TRU, has plummeted by more than 99%.

Bitmain (BMNR) is currently staking a total of 1,032,000 ETH, valued at approximately $3.215 billion, AmberCN reported. This represents 25% of the company's total holdings of 4,143,000 ETH.

The Crypto Fear & Greed Index from data provider Alternative registered 27, down one point from yesterday and remaining in the fear category. The index measures market sentiment on a scale of 0 to 100, where 0 indicates extreme fear and 100 represents extreme optimism. It is calculated based on several factors, including volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market cap dominance (10%), and Google search volume (10%).

Ahead of a U.S. Senate markup of a crypto market structure bill, industry stakeholders held a private meeting to discuss key issues such as DeFi regulation and a proposed ban on stablecoin yield, Decrypt reported, citing sources familiar with the matter. Participants included representatives from the crypto sector, such as a16z and the DeFi Education Fund (DEF), alongside the Securities Industry and Financial Markets Association (SIFMA), which has previously opposed regulatory exemptions for certain DeFi protocols. One source described the discussions as constructive, though no official position has been announced on the issue of yield-bearing stablecoins. The bill's markup is scheduled for Jan. 15, leaving a tight timeline for the two sides to reach an agreement.

The former development team from Electric Coin Company (ECC), the core entity behind Zcash (ZEC), is developing a new wallet called CashZ following a mass resignation, The Block reported. The team plans to launch the service within the next few weeks and will support migration for existing Zcash users. The resignations followed a conflict with Bootstrap, a non-profit organization that supports Zcash.

Global asset manager VanEck has projected that BTC could reach $2.9 million by 2050, CryptoBriefing reported. In a recent report, VanEck stated that assuming an average annual return of 15% over the next 25 years, BTC is expected to handle five to 10% of trade settlements and account for 2.5% of central bank reserve assets by that year. The firm suggested that the long-term appreciation in BTC's value will be driven by global currency devaluation and institutional adoption rather than speculative movements. VanEck concluded that the opportunity cost of not holding BTC may now outweigh the volatility risk of holding it.