Key Crypto Developments Today
The Upbit hacker has transferred 1400 ETH to Tornado Cash following the exchange's security breach, drawing attention to the movement of stolen funds.
Analysts suggest January 2024 could mark a pivotal turning point in Bitcoin's four-year cycle, although structural market changes have introduced divergence from historical patterns.
BlackRock, the world's largest asset manager, recently deposited 2164 BTC and 22902 ETH into Coinbase, signaling continued institutional interest in digital assets.
Binance announced the launch of 24/7 futures trading for gold and silver, expanding its diversified financial product offerings.
In the U.S., a new Florida proposal seeks to allow allocation of up to 10% of public funds to Bitcoin and ETFs, indicating positive regulatory developments.
Ethereum's validator exit queue has dropped to zero for the first time since July 2025, suggesting improved network liquidity conditions.
The U.S. SEC has extended its decision deadline regarding increasing IBIT options position limits to February 24, 2025, with market participants closely watching regulatory direction.
Coincheck, a Japanese crypto platform, plans to acquire approximately 97% of 3iQ, giving the Canadian firm an enterprise valuation exceeding $111 million, highlighting industry consolidation trends.