1. Over-leveraged bitcoin investors in the derivatives market led to Monday’s sell-off while ether spot and futures markets are starting to get a lot more attention. Bitcoin (BTC) trading around $31,444 as of 21:00 UTC (4 p.m. ET). Slipping 5.7% over the previous 24 hours, which trading range was between $28,154-$33,562.
2. According to the ChainNews and the official website, PieDAO’s total asset lock-up (TVL), based on the Ethereum-based index fund governance agreement, exceeded 10 million US dollars. At present, PieDAO has issued Yearn Ecological Index, BCP Index, BTC++ Index, DEFI+L Index, DEFI+S Index, DEFI++ Index, USD++ Index.
3. According to BlockBeats news, on January 5th, SkyBridge Bitcoin Fund announced that it would be open to qualified investors. SkyBridge Capital, a hedge fund created by former White House spokesperson Anthony Scaramucci, started trading on December 22. It currently has $25.3 million in Bitcoin. The fund has been officially opened to qualified investors. SkyBridge Bitcoin Fund (SkyBridge Bitcoin Fund) charges a 0.75% management fee to accredited US investors who have a fixed annual income of at least US$200,000; the minimum investment is US$50,000. SkyBridge pointed out that the market value of gold is approximately US$10 trillion, and that of Bitcoin is approximately US$500 billion. He estimated, “If the market value of Bitcoin reaches the level of gold, then the price of each Bitcoin will reach $535,000”.
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