The Daily: Bitcoin and ether prices slide amid macro fears, South Korea to phase out institutional crypto trading ban and more
2025-01-09
Category: None

Happy Wednesday! In today's newsletter, bitcoin and ether prices drop amid macro fears, South Korea plans to lift its institutional crypto trading ban, Movement Labs is reportedly closing in on $100 million in Series B funding and more.
Meanwhile, outgoing SEC Chair Gary Gensler defends his crypto stance less than two weeks before leaving the agency.
Let's get started.
Bitcoin and ether prices slide amid macro fears
Bitcoin has dropped around 8% to below $95,000 since briefly breaking back above the $100,000 level on Monday amid rising macro fears.
South Korea plans to lift institutional crypto trading ban
South Korea's financial regulator plans a phased lifting of its de facto institutional crypto trading ban, according to local media reports.
Movement Labs reportedly closing in on $100 million in Series B funding
Blockchain development firm Movement Labs is reportedly nearing the completion of a $100 million Series B funding round.
SoSoValue hits $200 million valuation with $15 million Series A round
Crypto market data provider SoSoValue, best known for its ETF flow data tracking, has raised $15 million in a Series A round led by HongShan (formerly Sequoia China) and SmallSpark.ai.
Canaan unveils a Bitcoin miner that doubles as a home heater
Blockchain hardware manufacturer Canaan launched the Avalon Mini 3, a 37.5 TH/s Bitcoin miner that doubles up as a home heater, aiming to make mining accessible and practical for residential use.
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