DeFi Daily News,January 19th, 2021

1. Bitcoin is up only slightly on Monday after seeing its biggest weekly decline in over four months. At press time, the cryptocurrency is trading 0.2% higher on the day near $35,838, according to CoinDesk 20 data. Prices fell by 6% in the seven days leading up to Jan. 17, a weekly fall not seen since the first week of September. Bitcoin took a beating a week ago, falling from $40,000 to $30,305 in a matter of few hours, mainly due to heavy selling in the spot market. The cryptocurrency spent the rest of the week trimming losses and tested $40,000 at one point before ending the week (Sunday, UTC) just under $36,000.

2. According to BlockBeats news, on January 19, the Cosmos Ecological Foundation’s ICF blog posted an overview of the financial data for Q4 2020. According to the data, as of the fourth quarter of 2020, the total assets of the official foundation are 212 million US dollars; among them, assets denominated in cryptocurrencies account for 82% of the total assets. The investment activities of the foundation include public securities and crypto investment, such as ixo, Regen, Agoric, Althea and Iris. In addition, in the fourth quarter of 2020, the number of grant applications received by the Foundation was 22, and the number of approved grants was 13; the amount of pledged grants this quarter was US$900,000.

3. According to data from Binance, the Binance DeFi index perpetual contract hit a record high today, breaking 1,261 points (priced in USDT). It is reported that Binance Contracts launched the DeFi Composite Index Perpetual Contract in August last year, with USDT as the pricing currency, providing up to 50 times leverage. This is Binance’s first comprehensive index-based derivative product, allowing users to track the rapid growth of the DeFi market more closely.

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