Crypto Morning News: Phantom Completes $150 Million Series C Financing, Litecoin May Be the First Altcoin ETF Approved This Year
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YesterdayMarket Dynamics
Phantom completes $150 million Series C financing with a valuation of $3 billion, with Sequoia Capital and Paradigm Co-lead investor
According to official sources, encryptionwallet Phantom announced the completion of a $150 million Series C financing round, with a valuation of $3 billion. This round was co-led by Sequoia Capital and Paradigm, with participation from a16z and Variant. The company said it will use the new financing to acceleratecryptocurrencyThe goal is to build the world's largest consumer finance platform.
Bloomberg Analyst: Litecoin ETF All approval conditions have been met, and it may be the first altcoin ETF approved this year
Eric Balchunas, senior ETF analyst at Bloomberg, said that the Litecoin ETF has met all approval conditions and is expected to become the first approved altcoin ETF in 2025. Given that the SEC has provided feedback on the S-1 filing, Litecoin is considered a commodity, and the new leadership of the SEC has taken office, Balchunas believes that the application is unlikely to be withdrawn.
Previously, Nasdaq had submitted the 19B-4 document for the Canary Litecoin ETF, officially launching the regulatory review process.
Grayscale XRP Trust Product Now Available to Qualified Investors
According to official news, Grayscale announced the launch of the XRP Trust product, which is open to qualified accredited investors and provides investors with exposure to XRP assets. As of January 16, 2025, the net value of each trust share is US$65.20. As one of the first securities that invests purely in XRP, this product allows investors to obtain relevant investment opportunities without directly purchasing, storing and keeping XRP.
Market News: Grayscale may launch Helium (HNT) trust product, which has been registered in Delaware
Delaware company registration documents show that a statutory trust fund named "GRAYSCALE HELIUM TRUST (HNT)" was registered in Delaware on January 14, 2025. The trust is registered by CSC DELAWARE TRUST COMPANY and its registered address is in Wilmington, Delaware.
Analysis: Market expectations for JapanCentral BankThe interest rate hike will take place on January 24, which may trigger a new round ofJPYArbitrage TradingRelease
The market expects the Bank of Japan to raise interest rates at a 90% probability at its meeting on January 24, and the yen has risen to its strongest level in a month against the dollar at 156. Japan's annual inflation rate is currently at a three-month high of 2.9%, and the central bank may raise interest rates from 0.25% to 0.45%.
The market is closely watching the release of inflation data on January 23. If the inflation data exceeds expectations, it may trigger a new round of yen carry trade unwinding, repeating the situation in August last year when Bitcoin fell to $49,000. It is worth noting that this decision will be made after Trump's inauguration (January 20), and the combined impact of the two major events may becryptocurrencyMarket trends.
Coinbase launches a new cryptocurrency exchange-based DeFi BitcoinMortgageBusiness, powered by Morpho
Coinbase announced the launch of a DeFi-based Bitcoin mortgage service for US users (excluding New York State). The service is technically supported by the DeFi lending protocol Morpho. When users pledge Bitcoin, the assets will be automatically converted to cbBTC and transferred to the Morpho protocol.
This is an important attempt by Coinbase after it terminated its original lending project in July 2023 due to SEC regulatory pressure. Branzburg, vice president of Coinbase products, said that users need to bear the floating interest rate risk themselves. This business marks the beginning of a centralizedexchangeA milestone in deep integration with DeFi, which will gradually expand to other regions in the future.
Bybit will launch Solv Protocol (SOLV) spot trading
Bybit announced that it will launch Solv Protocol (SOLV) spot trading on January 17. SOLV will be open for deposits at UTC 8:00 on January 17, and trading will be officially open at UTC 10:00, and withdrawals will be open at UTC 10:00 on January 18. Users can deposit and withdraw SOLV through the BSC network.
Binance Alpha Additions LLM, SEKOIA and PYTHIA
Binance Alpha adds LLM, SEKOIA, and PYTHIA.
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LLM: A large language model concept coin based on Solana, with a current market value of $28.08 million;
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SEKOIA: A terminal on-chain VC project based on the Base chain, with a market value of US$69.27 million;
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PYTHIA: Solana Chain Focuses on Neurobiology and AI Fusion, market value $24.38 million.
1confirmation founder: Crypto narrative will shift from short-term speculation to providing on-chain financing for risky projects that change the world
Nick Tomaino, founder of 1confirmation, expressed his opinion that the focus of the crypto industry will eventually shift from chasing short-term weekly narratives to providing on-chain financing for risky projects that change the world. These projects include Network States, public goods, DAO(such as military, police, firefighting), space exploration, lucid dreaming technology and other high-risk projects.
Tomaino emphasized that these projects find it difficult to obtain financial support through traditional financing channels, and the innovative financing mechanism of the crypto ecosystem will provide them with new possibilities.
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According to the report, the AI agent industry has developed rapidly in the past two years, with a market value of $15.3 billion. Among them, Virtuals and ai16z, two AI agent platforms, have attracted much attention, occupying 23% and 12% of the market share respectively. These two platforms provide important infrastructure and key support for the AI agent ecosystem.
Solana AI The hackathon has concluded, and here are the details of the winning projects
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Let's take a look at which projects have won the prize.TokenHow's the performance?
Sonic SVM, as a Layer-2 scaling solution on Solana, successfully attracted more than two million TikTok users by launching the point-earning game SonicX.
As TikTok is about to be banned in the United States, Sonic SVM's TikTok traffic acquisition may be affected. TokenPrices remain relatively stable and do not seem to be affected too much.
This article reviews the important developments of 11 leading projects that will issue tokens in Q1
Only three key projects are scheduled to be launched on the mainnet in the first quarter, and the launch time of the remaining projects is still to be determined.
The coin issuance time of many projects is just a rumor or speculation, and there is a lack of official and clear announcements.
Delphi Digital 2025 Top Ten Predictions: BTC will rise further,AI Agent is expected to become top VC
Delphi Digital predicts 10 major trends in the crypto market in 2025: Bitcoin will furtherXiaobai NavigationThe market is rising, Solana's rise continues, NFT is recovering, DeFi is transforming to DeAI, AI agents will become top venture capital, high-throughput public chains are driving innovation, the DePin industry is recovering, zkVM will bring changes, AI will help GameFi, and consumer-grade DeFi is the next growth prospect.
The total transaction fee of Memecoin on Solana chain exceeds 3 billion US dollars. The top users among Memecoin users contribute most of the fee income, and four platforms such as Raydium, Trading BOT, Jito and Pump.fun are the main beneficiaries. In addition, the report also deeply analyzes the consumption behavior of Memecoin users in 2024 from aspects such as consumption concentration and cross-platform characteristics.
Crypto Investment Guide 2025: How to allocate assets to maximize returns in the new year?
This article outlines acryptocurrencyHow investors can manage their portfolios in 2025. He divides his investments into different “buckets” based on his investment goals and risk tolerance, including long-term holding, cyclical investment, short-term trading, and stablecoins. The article also provides some practical advice, such as focusing on the areas you are best at, responding flexibly to market changes, and stopping losses at the right time, and shares his personal trading experience.
The article comes from the Internet:Crypto Morning News: Phantom Completes $150 Million Series C Financing, Litecoin May Be the First Altcoin ETF Approved This Year
Pump.Science has a clear goal: to use the vitality of cryptocurrency and the desire for wealth to promote real scientific protocols to optimize our healthy lifespan. Author: BB Compiler: Xiaobai Navigation Coderworld Real hard workers in the cryptocurrency field know that no matter what the next meme craze is, cryptocurrency itself has important value. This…
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