#BTC

Within just the first six days of spot bitcoin ETF trading, the total assets of these funds have soared to roughly 95,000 BTC ($4 billion). Fidelity (FBTC) and BlackRock (IBIT) are at the forefront, collectively holding 64,000 bitcoins.

In a low-key yet significant move, Tether, the company behind USDT stablecoin, added 8,888.88 BTC (approximately $380 million) to its reserves in the previous quarter. This acquisition increased its Bitcoin stash to a hefty 66,465 BTC, valued at $2.8 billion, adhering to its policy of monthly Bitcoin purchases since September 2022.

On January 12, the price of BTC sharply declined, falling below the $44,000 threshold and later reaching about $41,500.

El Salvador's unrealized (or floating) gains from its Bitcoin acquisitions have surpassed $12 million. Currently, the average cost of all BTC purchased by the country stands at $42,441.

A verified author on the CryptoQuant analytics platform, known as IT Tech, has revealed that the Bitcoin holdings of the collapsed cryptocurrency exchange, Mt Gox, remain static. This suggests that the exchange's management doesn’t sell BTC to make compensation payouts to users.

Phantom Wallet has announced its latest update, introducing support for Bitcoin, Ordinals, and BRC-20 tokens. This new feature is currently available in a beta version, which users can activate through the wallet's settings.

Conflux Network has introduced a significant development in the cryptocurrency sector: a second-layer blockchain for Bitcoin, designed to be compatible with the Ethereum Virtual Machine (EVM).

This strategy might come into play following the approval of a spot Bitcoin ETF, according to analytics company CryptoQuant. They anticipate that BTC could drop to around $32,000.

On a specialized forum, an unidentified hacker is selling access to the law enforcement request control panel for the crypto exchange Binance. The price is set at $10,000, payable in cryptocurrencies like Bitcoin (BTC) or Monero (XMR). The validity of this offer has been verified by the analysts at Hudson Rock.