Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Bitcoin Slumps to $94,000 with a 0.43% Drop in 24 Hours

According to Binance Market Data, Bitcoin has crossed the $94,000 benchmark and is now trading at $94,062, with a narrowed 0.43% drop in 24 hours.

Whale Purchases 7,983.8 ETH for $26.23 Million

According to Odaily, an on-chain analyst named Yu Jin reported that a whale or institution spent 26.23 million DAI to acquire 7,983.8 ETH six hours ago. The average purchase price was $3,286 per ETH.

Michael Saylor Shares 10th Consecutive Bitcoin Tracker, Hinting at More BTC Accumulation

According to BlockBeats, on January 12, MicroStrategy founder Michael Saylor indicated for the tenth consecutive week that the company's portfolio tracking chart might be missing a green dot, suggesting further Bitcoin purchases. The chart uses a blue line to represent Bitcoin's price movement and green dots to mark acquisition activities. Historically, MicroStrategy has often increased its Bitcoin holdings the day after such announcements.

Rumble Reaches Cloud Services Agreement with El Salvador Government

According to Odaily Planet Daily, Rumble, a video sharing platform that received approximately US$775 million in investment from Tether last year, has reached a cloud service agreement with the Salvadoran government to provide cloud storage, cloud computing and other services. Rumble Inc. rose 9% in overnight trading.

In December, Tether made a $775 million strategic investment in Rumble, and last month, Rumble announced it would allocate up to $20 million of its excess cash reserves to Bitcoin.

Coinbase Said to Face CFTC Subpoena over Polymarket Customer Data

Coinbase Global, Inc. has been subpoenaed by the U.S. Commodity Futures Trading Commission to provide data on customers interacting with prediction market firm Polymarket, according to a media report dated Friday.

The cryptocurrency exchange notified its customers saying it may have to share that data with the derivatives regulator, CoinDesk reported, citing a person familiar with the matter.

Pennsylvania Representative Accumulates Cryptocurrency Holdings

According to Odaily, Quiver Quantitative has revealed that Guy Reschenthaler, a Republican representative from Pennsylvania's 14th district, has been accumulating significant cryptocurrency holdings. The market tracking firm reports that Reschenthaler possesses Bitcoin (BTC), XRP, and Solana (SOL), with each valued between $1,001 and $15,000. The platform discovered that these digital assets were purchased between December 11 and 23 of the previous year. As of 2024, the closest estimated value of his holdings is approximately $24,000. Quiver Quantitative notes that his cryptocurrency transactions have solely involved 'buying,' suggesting a potential long-term passive investment strategy. Meanwhile, his net worth is estimated to be around $345,000.

Crypto CEOs Clamor for Access to Trump as Inauguration Day Nears

Circle Chief Executive Officer Jeremy Allaire said Thursday on X that the stablecoin company contributed tokens worth $1 million to President-elect Donald Trump’s inaugural committee — joining a parade of other CEOs vying for favor as the incoming administration works to form a key crypto industry group.

With the inauguration less than two weeks away, industry executives are jockeying for access to Trump himself and for a seat on the planned crypto advisory council, expected to be formed soon after Trump takes office.

The council, which industry insiders intend to use to influence the incoming administration’s digital-asset policies, may be comprised of about two dozen CEOs and founders, according to people familiar with the matter who asked not to be named as they were not authorized to speak on the record.

Bitcoin Spot ETF Flow

The Bitcoin spot ETF with the highest net outflow on Dec 10 was iShares Bitcoin Trust, with a net outflow of $183.56 million. Following that was Bitwise Bitcoin ETF, with a net outflow of 1.55 million, according to SoSoValue.