Solana Meme Coin Wen Plummets Despite Burning 27% of Supply

The burn turned out to be a “sell the news event” as traders had already accounted for the purge – and then some.Source

Crypto Funds Saw $500M in Outflows Last Week as GBTC Bleed Outweighed Rivals’ Gains: CoinShares

Outflows from Grayscale’s GBTC now total $5 billion, but appear to be subsiding, CoinShares head of research James Butterfill noted.Source

How AI and DePIN Will Change Web3

The collision of Web3 services, distributed infrastructure (DePIN) and AI creates entirely new forms of internet experience and we’re just starting to see the future, says Lex Sokolin, at Generative Ventures.Source

DeFi Insurer Nexus Mutual Requests $153K for 6-Month Budget

The crypto insurance protocol is anticipating growth stemming from a recent partnership.Source

As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians

The goal of these “protocol councils,” sometimes called “security councils,” is to nudge these nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. How are they different from boards of directors?Source

Anthony Scaramucci Predicts Bitcoin to Hit at Least $170K Post Halving

Skybridge Capital founder and managing partner Anthony Scaramucci sees bitcoin {{BTC}} soaring to at least $170,000 after the halving in April, when the number of new bitcoin entering circulation shrinks again.Source

OKX Starts Inscription Support for Atomicals, Stamps, Runes and Doginals

OKX says wallet support is coming first, with a marketplace to followSource

First Mover Americas: Bitcoin Consolidates at $42K

The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

A Backdoor Regulatory Option Haunts U.S. Crypto

After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that saddle them with tremendous new restrictions, and the crypto sector has the council’s attention.Source

Solana Trading Aggregator Jupiter Sees Trading Volumes Jump Ahead of JUP Issuance

The decentralized exchange settled over $500 million in trades on Sunday, briefly becoming the biggest DEX platform.Source