TechubNews

Techub News reports that, according to Whale Alert monitoring, Circle burned 50 million USDC on Ethereum about 5 minutes ago.

Techub News reports that, according to CoinDesk, the UK Treasury has stated that it hopes banks will treat cryptocurrency businesses fairly. This is part of the UK government's efforts to establish the country as a global digital asset hub. Currently, the UK government has submitted cryptocurrency asset regulation legislation to Parliament, and the final rules are expected to be confirmed later this year.

Techub News reports that, according to CoinAnk data, approximately $298 million was liquidated across the entire network in the past 24 hours, with long positions liquidated around $203 million and short positions around $94.9392 million.

Techub News reports that Dubai Insurance has launched a digital wallet supporting cryptocurrencies, enabling premium payments and claim payouts in digital assets. The infrastructure is built on institutional-grade custody services provided by Zodia Custody. The company states that the wallet operates within the current regulatory compliance framework in the UAE and claims it is the first of its kind in the UAE insurance industry.

Techub News reports that representatives from JPMorgan Chase, Citadel, and the Securities Industry and Financial Markets Association (SIFMA) held a meeting with the U.S. SEC Cryptocurrency Working Group on Tuesday. The topics discussed included the SEC's upcoming plan to exempt tokenized securities, which could harm the overall U.S. economy; as well as the SEC's previous announcement to allow certain DeFi projects to be exempt from U.S. securities laws. In materials distributed at the meeting, SIFMA stated: "Regulatory treatment should be based on economic characteristics rather than the techn

Techub News reports that, according to SoSoValue data, the total net inflow of US Ethereum spot ETFs on January 28th (Eastern Time) was approximately $28.1 million.
BlackRock ETF ETHA had a single-day net inflow of about $27.34 million; Fidelity ETF FETH had a single-day net inflow of approximately $752,000; Grayscale ETF ETHE, Grayscale Micro ETF ETH, VanEck ETF ETHV, 21Shares ETF CETH, Bitwise ETF ETHW, Franklin ETF EZET, and Invesco ETF QETH experienced no net fund inflow or outflow.

Techub News: OSL Group announces a $200 million (approximately HKD 1.56 billion) equity financing. According to the plan, the funds raised will be used for strategic acquisitions, expanding global payments and stablecoin businesses, product and technology infrastructure development, as well as daily operations.

Techub News reports that, according to Onchain Lens monitoring, BitMine has staked an additional 147,072 ETH, valued at approximately $440 million. Currently, BitMine has staked about 2,516,896 ETH, with a total value of approximately $7.45 billion.