CoinEx Daily: Bitcoin Continues to Oscillate; Crypto Task Force Launched

Overview

BTC remains in a consolidation range. According to the website introduction, the Crypto Task Force aims to clarify the application of federal securities laws in the crypto asset market and propose practical policy measures to promote innovation and protect investors. The task force collaborates with commission staff and the public to help develop new approaches to crypto asset regulation.

Daily Macro

Bitcoin Market Status:  Bitcoin entered a consolidation phase; the altcoin market remained flat.

Bitcoin ETF Activity: $340 million net inflow yesterday.

Ethereum ETF Activity: $342 million net inflow yesterday.

Macroeconomic Data: Crypto Czar David Sacks reiterated in a press conference that his goals are to establish a clear regulatory framework for crypto, ensure crypto innovation occurs domestically in the U.S., and usher in a golden era for digital assets.

Daily Focus

LTC

Reason for Focus: Litecoin’s official Twitter account announced that NYSE has filed a 19b-4 application with the SEC to seek approval for converting Grayscale’s Litecoin Trust into a spot ETF.

Related Token Performance (24H):

LTC：: -0.7%

Market Analysis: If approved by the SEC, this ETF would enable investors to invest in Litecoin more conveniently through traditional securities markets without directly holding LTC.

Next Focus

FTX

Reason for Focus: FTX creditor representative Sunil disclosed on X that repayments will begin on February 18, 2025, at 10 a.m. Eastern Time. The initial round will prioritize creditors with claims under $50,000.

Market Analysis: The repayment distribution will include 100% of the adjudicated claim value (capped at $50,000) and additional compensation at an annual interest rate of 9.0% from November 11, 2022, to the initial distribution date.