🌙 Cryptocurrency Market Extends Losses

Experts are concerned that stronger-than-expected job growth and slower wage inflation could prompt the Fed to keep rates high.

Author

Mike Gavela
January 10, 2025

In partnership with

Crypto Roundup - January 10

The cryptocurrency market continues its downward trend, influenced by stronger-than-expected U.S. payroll data that curbed risk appetite among investors. Meanwhile, South Korea is moving to ease restrictions, enabling financial holding companies to include digital assets in their portfolios—a significant regulatory shift that could bolster institutional crypto adoption. On the corporate front, Grayscale Investments is exploring the addition of new assets, including BNB, Dogecoin, and Tron, to its range of investment products, signaling a potential expansion in its crypto offerings.

Top Stories

  • Cryptocurrency market suffers losses as robust U.S. payroll data dampens risk sentiment.

  • South Korea eases crypto rules to allow financial firms to acquire digital assets.

  • Grayscale considers adding BNB, Dogecoin, and Tron to its investment instruments.

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TOP STORIES

Cryptocurrency Market Extends Losses as Upbeat U.S Payrolls Data Dampens Investor Sentiment - "The Defiant"

Experts are concerned that stronger-than-expected job growth and slower wage inflation could prompt the Fed to keep rates high.

thedefiant.io/news/markets/cryptocurrency-market-extends-losses-as-upbeat-u-s-payrolls-data-dampens-investor-sentiment

South Korea to Ease Rules Allowing Financial Holding Companies to Acquire Digital Assets - "The Defiant"

New measures include allowing corporations to issue real-name crypto accounts and increasing fintech investment limits for financial institutions.

thedefiant.io/news/regulation/south-korea-to-ease-rules-allowing-financial-holding-companies-to-acquire-digital-assets

Grayscale Considers Adding BNB, Dogecoin and Tron to its Investment Instruments - "The Defiant"

Crypto asset manager Grayscale listed several of the top 20 cryptocurrencies by market cap, including BNB, Dogecoin and Tron, among the 39 digital assets it is considering including in its product suite, according to a Jan. 9 report.

thedefiant.io/news/cefi/grayscale-considers-adding-bnb-dogecoin-and-tron-to-its-investment-instruments

FUNDRAISING

OTHER HEADLINES

North Dakota Considers Crypto Reserve as State Bitcoin Treasuries Gain Momentum - Decrypt

Legislators in North Dakota will weigh whether to diversify its assets with crypto and precious metals, following other state Bitcoin proposals.

decrypt.co/300499/north-dakota-considers-state-bitcoin-treasury

Biden Appointee Targets Crypto Wallet Makers Like MetaMask, Phantom in Admin’s Final Days - Decrypt

The Consumer Financial Protection Bureau seeks to hold crypto wallet makers liable for on-chain fraud and erroneous transactions.

decrypt.co/300424/biden-cfpb-crypto-wallet-metamask-phantom

Just 0.4% of Pump.fun Traders Have Made More Than $10,000 on Solana Meme Coins - Decrypt

Pump.fun has made just 294 millionaires so far, with just 0.4% of wallets profiting $10,000 on meme coins.

decrypt.co/300403/pump-fun-traders-millionaires

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