January 21
Policy Regulation:
Trump will be officially sworn in as the US President at 1:00 am Beijing time on January 21
Donald Trump (Trump) will be officially sworn in as the 47th President of the United States at 12:00 pm Eastern Time on January 20 (1:00 am Beijing time on January 21). The inauguration day includes the official swearing-in ceremony, musical performances, celebration parades, and a series of formal balls. Vice President-elect Vance (J.D. Vance) will also be sworn in and take the stage with Trump, officially beginning the new administration. Later that evening, Trump will attend three inaugural balls - the Commander-in-Chief's Ball, the Liberty Ball, and the Inaugural Ball. He is expected to deliver speeches at these three events. Sources say Trump may introduce at least one crypto-friendly policy on his first day in office.
Exchanges:
South Korea's FIU will review Upbit's alleged KYC violations on January 21
The Financial Intelligence Unit (FIU) of the Financial Services Commission of South Korea plans to hold a sanctions review committee meeting on Upbit on January 21. This is due to issues related to customer identification (KYC) obligations found during the on-site inspection of the virtual asset service provider (VASP) registration update. The review results may involve disciplinary action against Upbit employees and the determination of fines. Industry insiders expect that after this sanctions review, the update registration process for virtual asset service providers will gradually progress. Upbit's planned registration update in October last year was delayed due to this incident and is still awaiting the outcome.
Project Dynamics:
MicroStrategy shareholders' meeting will vote on the plan to increase the number of shares on January 21
MicroStrategy Inc.'s Michael Saylor may soon have nearly as many common shares outstanding as market giants Amazon and Alphabet Inc. to fund the company's massive Bitcoin purchases. Analysts expect that at the shareholder vote on January 21, MicroStrategy will easily pass a proposal initiated by the company to increase the authorized Class A common stock from 330 million to 10 billion shares. Saylor controls about 47% of the voting rights. This would potentially make MicroStrategy's outstanding shares exceed all companies in the Nasdaq 100 index except Nvidia, Apple, Alphabet, and Amazon. Shareholders also expect to approve an amendment on January 21 to increase the authorized preferred stock from 5 million to 1 billion shares. According to the proxy statement, MicroStrategy plans to use the additional shares to fund private placements of Class A stock, conduct at-the-market equity offerings, and settle the redemption or conversion of convertible notes. The shareholders' meeting will be held at 10 am Eastern Time on Tuesday, January 21.
Token Unlocking:
Fasttoken (FTN) will unlock about 20 million tokens at 8:00 am Beijing time on January 21, accounting for 4.67% of the current circulating supply, valued at about $76.2 million
January 22
Exchanges:
OKX will launch J (Jambo) spot trading on January 22
OKX is about to list J (Jambo). According to the official introduction, Jambo, starting from JamboPhone, is committed to building the world's largest mobile crypto network. The specific schedule is as follows: 1. J's call auction time: 6:00 pm to 7:00 pm (UTC+8) on January 22, 2025; 2. J/USDT spot trading opening time: 7:00 pm (UTC+8) on January 22, 2025; 3. J's withdrawal opening time: 6:00 pm (UTC+8) on January 23, 2025.
Bybit, Gate.io, and BingX will launch N3 (Network3) spot trading on January 22
The decentralized Edge AI infrastructure platform Network3 will simultaneously list its token $N3 on the spot trading markets of Bybit, Gate.io, and BingX at 8:00 am (UTC) on January 22, 2025. Network3 successfully completed a $5.5 million pre-seed & seed round financing in July 2024, with investors including Borderless, EV3 Labs, IoTex, SNZ, Bing Ventures, Waterdrip Capital, Web3Port Foundation, and other well-known venture capital firms.
Calamos will launch a Bitcoin ETF with downside protection on January 22
Calamos Investments is launching a Bitcoin ETF with 100% downside protection, which will debut on the Chicago Board Options Exchange on January 22, according to the company's release. The ETF, named CBOJ, aims to address the volatility of Bitcoin while providing growth potential. It combines US Treasuries and options linked to the CBOE Bitcoin US ETF Index to achieve this protection. This structure provides a regulated and transparent way to gain Bitcoin exposure while minimizing risk.
Binance will delist REEF/USDT perpetual contracts and adjust leverage and margin tiers on January 22
Binance announced that it will automatically settle the REEF/USDT USDⓈ-M perpetual contract at 5:00 pm (Beijing time) on January 22, 2025, and officially delist the contract after the settlement. In addition, Binance adjusted the leverage and margin tiers for this contract on January 15, 2025, at 3:30 pm (Beijing time), without affecting existing positions. The announcement states that starting from 4:30 pm (Beijing time) on January 22, users will no longer be able to open new REEF/USDT contract positions. Binance advises users to close relevant positions before the delisting to avoid risks from the automatic settlement.
Project Dynamics:
The re-staking platform Swell will open claims on January 22
The re-staking platform Swell announced that the Wavedrop 2 checker is now live, allowing users to check the rewards they are eligible to claim from Wavedrop 2. Swell also stated that the claiming is expected to open on January 22, and the Wavedrop 1 claiming will also reopen on the Swellchain, which has been temporarily suspended to facilitate the migration from the mainnet.
Token Unlocking:
Metars Genesis (MRS) will unlock about 10 million tokens at 8:00 am Beijing time on January 22, accounting for 11.87% of the current circulating supply, valued at about $31.4 million
Ethena (ENA) will unlock about 12.86 million tokens at 3:00 pm Beijing time on January 22, accounting for 0.42% of the current circulating supply, valued at about $10.8 million
SPACE ID (ID) will unlock about 18.49 million tokens at 8:00 am Beijing time on January 22, accounting for 4.29% of the current circulating supply, valued at about $7.5 million
Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3:00 am Beijing time on January 22, accounting for 0.55% of the current circulating supply, valued at about $3.6 million
January 23
Macro:
Overnight index swap trading on Friday showed a 99% chance of the Bank of Japan raising rates at its January 23-24 meeting, up from 71% on Wednesday.
Exchanges:
Upbit will delist Bitcoin Gold (BTG) on January 23
Upbit will cease trading support for Bitcoin Gold (BTG) at 2:30 pm local time on January 23, 2025. Upbit had previously designated BTG as a trading cautious project on December 10, 2024.
Project Dynamics:
Azuki founder says ANIME token will have its TGE on January 23
According to a post retweeted by Azuki founder Zagabond, the TGE (token generation event) of Animecoin (ANIME) will be launched on January 23. Previous news in April last year indicated that Arbitrum and Azuki had partnered to launch the blockchain-based anime network AnimeChain. This January, it was reported that the ANIME token will be launched on Ethereum and Arbitrum in 2025, with 50.5% allocated to the community.
Token Unlocking:
Murasaki (MURA) will unlock about 20 million tokens at 8:00 am Beijing time on January 23, accounting for 34.84% of the current circulating supply, valued at about $13 million
Karrat (KARRAT) will unlock about 11.25 million tokens at 8:00 am Beijing time on January 23, accounting for 6.01% of the current circulating supply, valued at about $3.2 million
Coin98 (C98) will unlock about 16.53 million tokens at 7:00 pm Beijing time on January 23, accounting for 1.85% of the current circulating supply, valued at about $2.3 million
MMX (MMX) will unlock about 1.67 million tokens at 8:00 am Beijing time on January 23, accounting for 1.10% of the current circulating supply, valued at about $2.15 million
January 24
Exchanges:
Coinbase will suspend FTM-PERP trading and liquidate all open positions on January 24
According to the announcement by Coinbase International Exchange, the FTM-PERP trading will be temporarily suspended on Coinbase International and Coinbase Advanced platforms around 18:30 (Beijing time) on January 24, 2025. The final funding rate before the suspension will be set to zero, and the final settlement price will be calculated based on the average index price in the 60 minutes prior to the trading suspension. All open positions will be automatically settled at the time of trading suspension, and Coinbase reserves the right to suspend trading and adjust the final settlement price to a reasonable level at any time. Users need to manage their funds and positions in advance to cope with the impact of the trading suspension.
Token Unlocking:
Immutable (IMX) will unlock approximately 24.52 million tokens at 8:00 am Beijing time on January 24, accounting for 1.43% of the current circulating supply, valued at approximately $29.9 million.
Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 am Beijing time on January 24, accounting for 1.89% of the current circulating supply, valued at approximately $1.4 million.
January 25
Project Dynamics:
Pump Science will conduct mouse experiments on URO and RIF on January 25
According to the Pump Science roadmap, it will launch mouse experiments on URO and RIF on January 25, 2025; on February 25, it will collaborate with VitaDAO to launch new compounds; on March 25, the pre-order and market platform will be launched; on April 25, decentralized human trials will be conducted, and the decentralized compound release will be launched; on May 25, the related experiments will be expanded.
Token Unlocking:
AltLayer (ALT) will unlock approximately 240 million tokens at 6:00 pm Beijing time on January 25, accounting for 10.39% of the current circulating supply, valued at approximately $21.8 million.
Venom (VENOM) will unlock approximately 33.76 million tokens at 4:00 pm Beijing time on January 25, accounting for 1.76% of the current circulating supply, valued at approximately $1.35 million.
January 26
Policy and Regulation:
A Texas senator plans to use the CRA to challenge the IRS's crypto tax regulations next week
Republican Senator Ted Cruz from Texas plans to use the Congressional Review Act (CRA) next week to challenge a tax regulation that infringes on the rights of cryptocurrency brokers. This move is seen not only as a procedural strategy, but also as a principled stance against the government's expanding power into the realm of free enterprise and technological innovation. The regulation has faced harsh criticism from the cryptocurrency industry, who condemn the arbitrary expansion of the term "broker" that distorts the decentralized nature of these platforms, stifles the spirit of innovation, and penalizes those who dare to challenge the traditional system. In December, three advocacy organizations filed a lawsuit against the regulation, exposing its heavy compliance burden.
