The Daily: 24-hour crypto liquidations surpass $500 million, Thai police seize 1,000 Bitcoin miners and more
2025-01-10
Category: None

Happy Thursday, folks! Prices might be falling, but the latest news is still worth its weight in crypto. Grab a coffee, get comfortable and dive into your daily dose.
In today's newsletter, 24-hour crypto liquidations surpass half a billion dollars, Thai police seize almost 1,000 Bitcoin miners, U.S. entities now hold bitcoin reserves 65% greater than their offshore counterparts, plus more.
Let's get started.
Crypto liquidations surpass $500 million in 24 hours
Over $500 million in cryptocurrency liquidations occurred in the past 24 hours as the prices of bitcoin and ether faced increased volatility.
Thai police seize 1,000 Bitcoin miners
Thai police seized 996 Bitcoin mining machines from a raid on JIT Co.'s premises in the country's eastern Chon Buri province amid accusations of electricity theft, according to local media reports.
US entities dominate bitcoin holdings
U.S. entities now hold 65% more bitcoin reserves than their offshore counterparts, with the ratio soaring from 1.24 in September to 1.65 as of Jan. 6, according to CryptoQuant.
Fidelity's ETFs post largest daily outflows
Fidelity's spot Bitcoin and Ethereum ETFs posted their largest single-day net outflows on Wednesday, with $258.7 million and $147.7 million exiting the funds, respectively.
Judge throws out UK bitcoin landfill case
A UK High Court judge dismissed early Bitcoin adopter James Howells' attempt to sue his local council in South Wales to recover an accidentally discarded hard drive from a landfill, which he claims holds access to £600 million ($739 million) in BTC.
In the next 24 hours
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