Crypto News Brief 01/22: Trump's Presidency Is a "Dawn" for Bitcoin with News on ETFs, Shiba Inu, TRX, LINK, Circle, Binance

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Animecoin (ANIME) supported by Azuki NFT launched on Binance Airdrops Portal. Bitcoin could ultimately reach a price range of millions of dollars. This occurred as BTC reached an ATH just hours before Donald Trump returned to the Oval Office to begin his second term. Armstrong stated that the impressive growth of Bitcoin is due to the interest of institutional investors and the increasing adoption at the national level. In a CNBC Squawk Box interview, Armstrong described Trump's presidency as the "dawn" for the crypto space. Although Trump's new executive orders do not directly mention cryptocurrencies, the CEO remains optimistic about the long-term potential of Bitcoin. Armstrong also pointed out that Bitcoin ETFs are an important factor contributing to the growth of the asset. Approved in January 2024, these ETFs have attracted significant inflows. According to data from Farside Investors, Bitcoin ETFs have seen cumulative net inflows of $38.9 billion to date. Trump's campaign promise to establish a strategic Bitcoin reserve fund could further accelerate the adoption of crypto on a national scale. It could also serve as a catalyst for other G20 countries, which have already expressed interest, to follow suit. On January 21, the net inflow into Ethereum spot ETFs was $74.4275 million, and the net inflow continued for 5 consecutive days. The inflow into the BlackRock ETF ETHA was $56.3138 million, and the inflow into the Grayscale ETF ETH was $12.4943 million. The current total net asset value of Ethereum spot ETFs is $12.068 billion. Data shared by Shibburn showed that the Shiba Inu community has handled a large amount of memecoins in the past 24 hours, pushing the burn rate up by more than 5,785%. A total of 3,244,007 SHIB have been removed from circulation. The two largest burns involved 1,263,583 and 1,000,000 SHIB being taken out of circulation and sent to unspendable wallets. The total amount of SHIB burned in the past week is about 20 times larger, at 63,327,612 SHIB. However, the burn rate has dropped to an alarming level, decreasing by 6.81% compared to the previous week. According to data from Lookonchain, Trump's World Liberty project spent $2.65 million to buy back 10.81 million TRX 3 hours ago. World Liberty currently holds 30.11 million TRX, worth approximately $7.38 million. Chainlink (LINK) is currently showing strong growth, with its price increasing by 8% in a day. Data from CoinMarketCap shows that the LINK price has increased by 8% in the past 24 hours, trading at $25.75. The continuous price increase has pushed the market capitalization to $16.4 billion. As a result, Chainlink is now the 11th largest cryptocurrency, behind Tron (TRX), which has a market capitalization of $21.57 billion. Interestingly, the optimism towards Chainlink remains low, as trading volume has decreased. In the past 24 hours, trading volume has dropped by 36% to $1.35 billion. It is noteworthy that the trading volume of Tron has decreased by more than 51% in the same timeframe. This means that the increase in investor sentiment for Chainlink could help push LINK into the top 10 cryptocurrencies. On January 21, Circle announced the acquisition of the tokenization company Hashnote, the issuer of the USYC token. Additionally, the company has completed a partnership with the market maker DRW Cumberland to promote USYC and USD Coin (USDC) in the crypto and traditional markets. According to data from rwa.xyz, the Hashnote Short Duration Yield Coin tokenized fund is the largest in the world, with over $1.2 billion in USYC tokens issued across multiple blockchain networks, including Ethereum. Circle aims to fully integrate USYC with its USDC stablecoin to enhance the accessibility between the tokenized money market fund assets and the stablecoin market, making USYC a preferred income-generating collateral asset on exchanges, custodians, and prime brokerages. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT. Binance launched its 6th project on the Binance Airdrops Portal, the Animecoin (ANIME) token supported by Azuki NFT.

Users who have registered their BNB into Simple Earn products from January 17 to January 21 will receive the airdrop distribution. The airdrop token reward for HODLers is 500 million ANIME (5% of the total supply). Binance will list the ANIME token at 21:00 on January 23 (Vietnam time).

Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on snapshots of their BNB balances. By registering BNB into Simple Earn, users will automatically qualify for HODLer Airdrops.

Azuki is a PFP project with 10,000 NFTs inspired by anime, providing owners access to "The Garden". In 2022, Chiru Labs, the creator of the Azuki NFT collection, closed a $32 million Series A funding round.

Analyst 0xning has shared recent statistics highlighting the on-chain profitability landscape of the TRUMP token. Key highlights include:

Profitable addresses:

Loss-making addresses:

The data emphasizes the highly polarized distribution of profits, with a small fraction of participants reaping large gains while many face significant losses.

You can view coin prices here.

Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

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Viet Cuong

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