Regarding the "US Department of Justice was approved to sell the $6.5 billion of seized dark web Silk Road Bitcoin", CryptoQuant CEO Ki Young Ju wrote on X: "Last year, based on realized market value, $379 billion entered the market, about $1 billion a day. The $6.5 billion (Bitcoin) sold by the US government may be absorbed within a week. Don't panic."

PANews reported on January 9 that according to a Hong Kong government news release, the Hong Kong Monetary Authority launched a Distributed Ledger Technology Regulatory Incubator (Incubator) to assist banks in responsibly exploring the potential of distributed ledger technology (DLT), aiming to assist banks in fully realizing the potential of DLT and effectively managing related risks. It is reported that the incubator will enhance the risk management capabilities of individual banks and the banking industry as a whole, especially the risks that may arise when banks launch services that involve both DLT banking infrastructure and traditional banking infrastructure (such as deposits and loans).

The Biden administration's Commodity Futures Trading Commission (CFTC) is issuing a subpoena to Coinbase in connection with the Polymarket case, asking Coinbase to provide information related to some customers. Coinbase said in an email to customers: "You do not need to take any action, but Coinbase may be required to send information related to your account to the Commodity Futures Trading Commission in response to the subpoena, unless Coinbase formally receives a motion to revoke the subpoena or other legal document preventing Coinbase from sharing such information before the close of business on January 15, 2025."

The U.S. Department of Justice approved the sale of $6.5 billion worth of seized Silk Road bitcoins.

Terraform Labs founder Do Kwon appeared in court in the U.S. District Court for the Southern District of New York on Wednesday, his second appearance, marking the entry of the high-profile and repeatedly delayed federal case into the discovery phase. If convicted of the TerraUST stablecoin collapse, he faces up to 130 years in prison. Wednesday's "initial conference" is intended to determine whether the U.S. case can be resolved without a trial and to determine other pre-trial details. U.S. District Judge Paul Engelmayer set the trial start date for January 26, 2026 and encouraged plea negotiations.

The NFT series backed by US President-elect Donald Trump has launched its first 160 pieces on the Bitcoin network using the Ordinals protocol, called "Trump Bitcoin Digital Trading Cards." Users who receive 100 NFT cards from the "Mugshot Edition" are eligible to claim them through the NFT marketplace Magic Eden after submitting their Bitcoin wallet. As of press time, users have minted 19 of the 119 available Ordinals, and the claim period will last until January 31.

As Trump will officially take office as the President of the United States on January 20, 2025, the world's attention is focused on how this unconventional politician will fulfill the ten new cryptocurrency policies he promised during his campaign.

Ethereum Layer2 network Blast announced on X Platform: "Blast's mobile platform will be launched later this month along with the token economics update. All Blast Dapps should ensure that points and coins are distributed to users before these changes. There will be no coin distribution in January. All users should also ensure that they log in to the Blast website with their own wallets. The official launch date will be announced soon."

The transition team of President-elect Donald Trump is looking for a crypto-friendly candidate to serve as the next Commodity Futures Trading Commission (CFTC) chair. The candidates competing for the position include current CFTC Commissioner Summer Mersinger, a16z Head of Crypto Policy and former CFTC Commissioner Brian Quintenz, and Kraken Chief Legal Officer Marco Santori.

Solana is stepping up testing of Firedancer, a software upgrade that promises to drastically increase the blockchain’s processing speed. According to messages in the Solana Technical Discord server, the Solana core development team hopes that by the end of the week, the “vast majority” of processing power in the on-chain low-stakes test network will be able to run Frankendancer, an early version of Firedancer. The call to action for Solana validators marks the biggest test Firedancer has faced to date. The upgrade has been in the works since the chain experienced frequent outages in 2022 and is seen as enhancing Solana’s stability and speed.

El Salvador has just purchased another 11 Bitcoins as its strategic reserve, worth over $1 million.

U.S. Senator Dusty Deevers of Oklahoma has submitted the "Bitcoin Freedom Act" numbered SB325, which will allow Oklahoma employees to choose to receive wages in the form of Bitcoin and allow suppliers to accept Bitcoin payments. The SB325 bill ensures that participation is completely voluntary, respects free market principles, and gives employees, employers, and businesses the right to choose the payment method that best suits them. The SB325 bill is eligible for consideration in the 60th legislative session that begins on February 3.

This feat of simultaneous launch on multiple platforms has made $SONIC the focus of the market, and its performance after the launch has been even more remarkable. The price has soared in a short period of time, with the highest increase exceeding 5000%+, attracting great attention from both inside and outside the industry.