Key Headlines
Coinbase Halts XRP Trading Amid SEC Lawsuit
Following the U.S. SEC's lawsuit against Ripple, Coinbase announced the suspension of XRP trading pairs effective January 20, 2021 (UTC+8). Transactions entered limit-only mode on December 28, 2020, ahead of the full halt.
Core Keywords:
- Coinbase
- XRP suspension
- SEC lawsuit
Suzhou Wraps Up Digital Yuan Pilot
The Suzhou digital RMB red packet trial concluded with 96.61% participation. Of the ¥18.97 million spent, 44.7% was used for online purchases (JD.com), while 55.3% went to offline merchants like supermarkets and restaurants.
Core Keywords:
- Digital yuan
- Suzhou trial
- CBDC progress
Cover Protocol V2 Development Continues Post-Hack
Despite a recent exploit affecting its Blacksmith mining pool, Cover Protocol confirmed its Q1 2021 v2 launch timeline. Compensation plans for lost ETH and a new token distribution will be disclosed soon.
Cryptocurrency Updates
Ethereum Supply Shrinks on Exchanges
Santiment data shows ETH holdings in top 100 exchange addresses dipped below "Black Thursday" levels, signaling reduced sell pressure.
Core Keywords:
- ETH supply
- Exchange reserves
- Santiment
Institutional Moves
- NexTech AR Solutions: Allocated $2M to Bitcoin, with potential 2021 additions.
- OKExChain: Mainnet launches January 1, 2021, featuring OKT genesis distribution.
Core Keywords:
- Bitcoin investment
- OKExChain
- OKT token
Blockchain Industry Trends
China’s Digital RMB Expands
Beijing’s first CBDC application went live in Fengtai’s Lize area, with authorized consumers testing payments at partnering merchants.
Global Policy Spotlight:
- India: Proposed 18% GST on Bitcoin trades (~$5.4M annual revenue).
- U.S. SEC: Investigating multiple crypto projects, per insider reports.
Investment & Financing
Recent Deals
- Luxor: Raised $100K for hash-rate management, led by Routemaster Capital.
- LABS Group: Secured YBB Foundation investment for real estate tokenization.
Voices from the Industry
Institutional Confidence
- Ricardo Salinas (Mexican billionaire): Calls BTC his "best investment ever."
- Jeremy Allaire (Circle CEO): Flags institutional capital as key to BTC’s bull run.
FAQ Section
❓ Why did Coinbase delist XRP?
SEC’s lawsuit against Ripple created regulatory uncertainty, prompting the exchange to preemptively suspend trading.
❓ How successful was Suzhou’s digital yuan trial?
94.84% of distributed funds were spent, demonstrating strong adoption in both online/offline scenarios.
❓ What’s next for Cover Protocol?
V2 launch proceeds as planned, with a new token compensating affected users.
👉 Explore Crypto Regulations
👉 Bitcoin Investment Strategies
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