January 9th, showed that the comprehensive quotations of the Index and CoinMarketCap:
BTC Bitcoin reported $40,238.92, an increase of about 2.16% in 24 hours;
ETH Ethereum reported $1203.53, a drop of about 2.62% in 24 hours;
BCH was quoted at US$436.52, down about 4.21% in 24 hours;
BSV reported at US$178.62, an increase of about 1.07% in 24 hours;
XRP was quoted at $0.3165, down about 4.57% in 24 hours.
Chain ring dynamics
Economic Daily: Preventing Bitcoin speculation should become the shared responsibility of global financial regulators and market participants
On January 9, the Economic Daily published an article "How long can Bitcoin run wild?" The article stated that analysts warned that investors should be alert to speculative risks in the Bitcoin market. This is because the Bitcoin market is still small and easy to manipulate; on the other hand, it is because the world has not yet established a sound Bitcoin market supervision mechanism. It is foreseeable that in 2021, the Bitcoin market will still be haunted by labels such as automated market makers, huge volatility, ultra-high yields, anti-fiat currency, and the central bank system. Preventing excessive speculation of Bitcoin and thereby pushing up systemic risks should become the shared responsibility of global financial regulators and market participants.
Fintech fund Augmentum launches DeFi investment strategy
Augmentum, a financial technology fund listed on the London Stock Exchange, launched a Decentralized Finance (DeFi) investment strategy and began investing in the DeFi protocol.
Currency circle dynamics
Bitstamp has stopped XRP trading and deposits for US customers
Bitstamp tweeted that it has begun to stop XRP trading and deposits for US customers. Order placement and deposits have been disabled, and the cancellation of outstanding orders will now begin. Customers in other countries will not be affected. The official updated the tweet afterwards saying that the above operation has been performed. Bitstamp is closely monitoring the development of the situation and will continue to respond accordingly. Customers outside the United States are not affected.
Morgan Stanley has acquired more than 10% of MicroStrategy
According to news from Cointelegraph on January 9, according to a document filed with the US Securities and Exchange Commission (SEC) on January 8, investment bank Morgan Stanley (Morgan Stanley) has purchased 10.9% of the shares of business intelligence company MicroStrategy, approximately 792,627 shares . Currently, MicroStrategy's BTC inventory is worth more than $2.8 billion.
Founder of Miller Value Partners: Bitcoin can be used as a risk management strategy in the current environment
Bill Miller, the founder of hedge fund Miller Value Partners and a well-known Wall Street investor, said today that Bitcoin is still likely to rise. According to Miller, as companies such as Square and PayPal buy newly minted bitcoins every day, and retail demand continues to climb, while the supply of bitcoins grows slowly, bitcoins may reach new highs. Miller said that even if Bitcoin eventually fails, allocating 1% to 2% of cash to Bitcoin is a good hedge. He believes that owning a small amount of Bitcoin is more risk management strategy than anything else.
Ripple General Counsel: SEC recognizes XRP as a driving force for cross-border payments
According to dailyhodl news, Ripple's general counsel, Stuart Alderoty, said that in the recent US Securities and Exchange Commission (SEC) lawsuit against Ripple, it can be found that the SEC recognizes XRP as a driving force for cross-border payments. In addition, Alderoty stated that Ripple will provide a preliminary response to the unsubstantiated allegations by the SEC within a few weeks.
CFTC seeks more than $100 million in compensation from the founder of Q3
The CFTC is seeking more than $100 million in compensation from former stockbroker Michael Ackerman for his involvement in a fraudulent cryptocurrency scheme.