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🔥 Get a headstart in 2024! The first #BitgetWallet #Launchpad event of the year is LIVE! 🤝 Bitget Wallet joins hands with @IconxWorld to bring you 100 #IconX #Whitelist How to be eligible: 1️⃣ Quote Retweet this post, your caption must contain #BitgetWalletIWO 2️⃣ The viewpoint of your post exceeds 1,000 Leave your Bitget Wallet ID, EVM address and link to the Quote Retweet down below in the comments. Good luck! 🍀 ⏳ Only for the 100 lucky ones, first come first served! ⏰ Event ends on Feb 1st at 15:00 (UTC+8) Learn more about the #IconX Launchpad event: bitget.com/web3/blog/arti…

#BitgetWalletIWO Wallet Id: 8f47c40e9a08db8da900fabe4c1a6f7f Wallet address: 0x601bDa073bbfCd2ba28fcc34E4db8cd41a846EA0 x.com/BitgetWallet/s…

DeFi Project Abracadabra Undergoes $10 Million Attack As per early reports, the Decentralized Finance (DeFi) project Abracadabra has fallen victim to an attack, leading to an approximately $10 million loss. The on-chain investigation firm Cyvers revealed that the attackers’ wallet had initial deposits from the crypto mixer – Tornado Cash. So far, they have stolen $10 million and transferred around $4 million to a new externally owned account (EOA). Abracadabra Exploiter Wallet. Source: Etherscan The Abracadabra attack is not just a standalone event but a stark reminder of the inherent risks associated with the DeFi space. As these platforms gain popularity and handle increasing volumes of capital, they become enticing targets for cybercriminals. This is a developing story…

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CEO Strike: Ethereum is a 'technology playground', Bitcoin solves the 'biggest financial problem' of the time Strike founder Jack Mallers recently expressed firm belief in Bitcoin's potential to solve what he described as "the biggest financial problem ever" - central banks and global debt crisis. Mallers made this statement in an interview with Yahoo Finance on January 24, where he highlighted Bitcoin in relation to government debt by focusing on the important issue of global financial instability. , mainly due to excessive government debt. Mallers said the staggering global debt-to-GDP ratio, currently at an alarming 360%, is a serious problem as governments have accumulated debt to the point where there appears to be no viable way to repay it. . “Someone footed the $37 trillion bill at the bar, so who's going to pay it?” Mallers argues that holders of government-issued currency will eventually have to bear this huge debt burden. He argued that governments could deal with debt by devaluing their currencies through printing more money. This process of currency depreciation erodes the value of the currency, leading to potential inflation and financial instability for holders of these currencies. Additionally, Mallers pointed to the current state of traditional financial markets, especially the bond market, which he said is in its worst shape ever. Combined with the underperformance of conventional investment strategies like the 60/40 portfolio, this paints a bleak picture of the financial landscape, further emphasizing Bitcoin's relevance as a alternative investments. According to Mallers, Bitcoin is “the only innovation” to solve the “central banking problem” and serve as a global reserve currency. Mallers further stated that other cryptocurrencies such as “Ethereum, Solana and Dogecoin” should not be grouped together because they do not solve the fundamental financial problems that Bitcoin can solve. He calls Ethereum a “technological playground,” suggesting its value and utility are more aligned with innovation and technological adoption than serving as a stable financial instrument. He said Ethereum is more of a speculative investment, dependent on its technological success and adoption in broader applications, such as the finance and technology industries. Mallers likens Ethereum to stocks, comparing investing in it to investing in stocks like Tesla. He suggested that people can invest in Ethereum, hoping it will increase in value like high-performing stocks, based on technological advances and leadership rather than its potential as a cryptocurrency. stable currency or store of value. He also implied that the success and adoption of Ethereum depends on its adoption and usage by major financial players, such as banks and institutional investors. This dependence on external factors contrasts sharply with his view of Bitcoin, which he sees as more autonomous and independent of mainstream financial systems. His skepticism towards Ethereum stems from its history. He recalled an important hack and instances of the Ethereum Foundation meddling in the transaction process. In his view, these events cast doubt on the reliability and integrity of Ethereum as a financial instrument. He criticized the Ethereum Foundation for selectively choosing transactions to solve problems, which, according to Maller, undermines the predictability and reliability needed in a financial system.

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BlackRock's IBIT Bitcoin ETF exceeds $2 billion in market capitalization BlackRock's spot Bitcoin ETF reached $2 billion in assets under management (AUM) on January 26, just two weeks after launching on Nasdaq. According to data published by Bloomberg analyst James Seyffart, Bitcoin's (BTC) price performance on the day pushed the fund's market capitalization to $2.11 billion. The price of the leading cryptocurrency has surpassed $42,000 for the first time in nearly seven days. “Assets under management” is the term used to describe the total market value of all financial assets held by a fund on behalf of its clients. This means BlackRock's iShares Bitcoin Trust (IBIT) is leading the race for investor capital, ahead of Fidelity's Wise Origin Bitcoin Fund (FBTC) with $1.8 billion inflows in the previous 10 days there.

Except for Grayscale, the remaining 10 ETFs all recorded positive cash flows and BlackRock's IBIT led the way with $170 million inflows. According to data compiled by The Block, the total trading volume of spot ETFs in the past 10 trading days has reached 22 billion USD. But we also noticed that the volume began to gradually decrease as the crypto market gradually cooled down. The volume on January 26 only reached about 2.3 billion USD.

Thanks to rising Bitcoin prices, the value of assets under management of BlackRock ETF reached $2 billion Although they are new products that have recently appeared on the financial market, the value of Bitcoin spot ETFs of Wall Street giants has all reached towering milestones. This is obviously thanks to the outstanding growth of Bitcoin (BTC) since the SEC officially gave the green light to the Bitcoin spot ETF. As of the end of trading hours on Friday, January 26, BTC price fluctuated around 42,000 USD, bringing the 49,952 BTC held by ETF BlackRock to a value equivalent to 2 billion USD. And this is also the first name except Grayscale to record this milestone, far ahead of the remaining competitors. On the 10th trading day of 11 spot ETFs, Grayscale's GBTC still witnessed a net outflow due to investor selling pressure, but it somewhat decreased slightly compared to previous days. Cash in/out data shows that GBTC recorded a cash outflow of 394 million USD on January 26.

Thanks to rising Bitcoin prices, the value of assets under management of BlackRock ETF reached... hanks to Bitcoin's impressive rise, the number of assets under management under giant BlackRock's Bitcoin spot ETF has surpassed $2 billion, becoming the first ETF to achieve this except Grayscale's GBTC

SEC Delays Blackrock's Ethereum ETF Spot Application Based on a new announcement posted on the morning of January 25, the US Securities Commission (SEC) decided to delay the decision to approve or reject the Ethereum ETF spot proposal of "financial giant" BlackRock. Specifically, the SEC's announcement said this action gives the agency enough time to consider the proposed regulatory change and the issues mentioned in Fidelity's application. Accordingly, the new deadline has been extended to March 10, while the final deadline for the SEC to make a decision is August 2024. In the previous week, the SEC also announced a delay to March 5 for a decision on Fidelity's Ethereum ETF Spot application. James Seyffart, an analyst from Bloomberg, predicted that the market will continue saw a lot of new information from the SEC regarding the delay of Ethereum ETF review until the final deadline. This move comes not long after the agency accepted a series of applications to open Bitcoin ETF Spot. Specifically, at 9:30 p.m. on January 11 (Vietnam time), the Bitcoin ETF Spot fund of large companies such as BlackRock, Fidelity, VanEck... was officially listed and traded on stock exchanges. Just 5 minutes after listing, the trading volume of Bitcoin ETF Spot reached 1 billion USD, thereby proving the attraction of this asset type to investors.

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